USD/JPY Sentiment Prompts a Mixed Bias
The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.
The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.
Ethereum’s price chart shows the potential for an increase to 225 according to Elliott Wave Theory. We are looking for strength to emerge soon.
Gold is in consolidation just below multi-month slope resistance. Here are the targets & invalidation levels that matter on the XAU/USD charts heading into December.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.
Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.
USD/BRL has formed what appears to be a bearish Head and Shoulders pattern. The pair’s movement is likely being driven by Brazilian politics.
The New Zealand Dollar is back to retest resistance below the 0.69 figure against its US counterpart, with negative RSI divergence hinting that the barrier may hold.
EUR/GBP prices struggled confirming a break above the August descending trend line, consolidation mode appears to be ensuing. Upper boundary near 0.89394, lower one around 0.88108.
This week has brought some strong upside price action, but looking like another bounce; may have ended yesterday.