On Tuesday, the U.S. dollar proved to be in demand in the market, recovering from Monday's blows, while the world's central banks are expected to follow the US Federal Reserve, which recently took relaxation measures. EUR/USD, 30 min Pivot - 1.1040
The Federal Reserve cut interest rates to almost zero, resumed bond purchases and other measures from its anti-crisis arsenal, engaging the world's leading central banks in support of the global economy's coronavirus. In general, investors are mainly looking for money. They are cashing any assets they have, even gold. GOLD/USD, 30 min Pivot: 1482.00
On Monday, the US dollar suffered heavy losses due to the drastic actions of the Federal Reserve, which aims to support the country's economy as the coronavirus increasingly interferes with global economic activity. EUR/USD, 30 min Pivot - 1.1169
The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero levels. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position 128.00 Take Profit Level: 110.00 (1800 pips) If the price rebound from the support level, you shall follow the recommendations below: Timeframe: H4 Recommendation: Long Position Entry Level:...
The price of gold has stabilized and has gone into a deep correction on the background of traders closing long positions on all safe-haven assets and entering the cheapened stock market GOLD/USD, 30 min Pivot: 1563.00
