The pair is trading above 1.2000 as the demand for stocks recovers. The expected moderate growth in the number of new jobs has a positive impact on the risk appetite of investors and weighs on the dollar.
Technical side:
The price is above the middle Bollinger band, above SMA …
The dollar's recent trading against the yen is confined to a bullish triangular flag pattern whose features appear on the chart. Therefore, the price needs to breach 109.40 to activate the positive effect of the aforementioned pattern and then rush towards our first awaited target at 110.00.
From here, the …
The price of gold was satisfied with touching 1770.00, to rebound to the upside and breach the resistance of the descending intraday channel, thus stopping the temporary negative scenario and leading the price to resume the main bullish trend again, paving the way for heading towards 1800.00 then 1838.00 as …
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