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GBPAUD Final Test,
The chart of GBPAUD is first of all oversold; then, it has been pricing between MA100 and MA200 since March and now the reaction we are getting is getting out of MAs squeeze. Finally, it is testing the downward yearly resistance that encompasses 18155 as reading.
A close above 18155 will put an end to the downward wave and start a recovery testing first last month high. If such close materializes today, then the risk scenario is set below last week low.
***Rule to Remember: Gaining 20pips out of any free-signal is highly remarkable as such trades are not updated on time or ever.
GBPAUD Final Test,
The chart of GBPAUD is first of all oversold; then, it has been pricing between MA100 and MA200 since March and now the reaction we are getting is getting out of MAs squeeze. Finally, it is testing the downward yearly resistance that encompasses 18155 as reading.
A close above 18155 will put an end to the downward wave and start a recovery testing first last month high. If such close materializes today, then the risk scenario is set below last week low.
***Rule to Remember: Gaining 20pips out of any free-signal is highly remarkable as such trades are not updated on time or ever.
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AUD/USD: The hunt for the 0.7000 hurdle
AUD/USD quickly left behind Wednesday’s strong pullback and rose markedly past the 0.6900 barrier on Thursday, boosted by news of fresh stimulus in China as well as renewed weakness in the US Dollar.
EUR/USD refocuses its attention to 1.1200 and above
Rising appetite for the risk-associated assets, the offered stance in the Greenback and Chinese stimulus all contributed to the resurgence of the upside momentum in EUR/USD, which managed to retest the 1.1190 zone on Thursday.
Gold holding at higher ground at around $2,670
Gold breaks to new high of $2,673 on Thursday. Falling interest rates globally, intensifying geopolitical conflicts and heightened Fed easing bets are the main factors.
Bitcoin displays bullish signals amid supportive macroeconomic developments and growing institutional demand
Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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