Gold Prices May Fall as Chart Setup Warns of Topping Before FOMC

Gold prices may turn lower if a bearish Head and Shoulders chart pattern plays out as advertised. The FOMC monetary policy announcement lines up as a catalyst.

from DailyFX – Market News https://bit.ly/3vnBpIq
via IFTTT

Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.

from DailyFX – Market News https://bit.ly/3bdwMcT
via IFTTT

from WordPress https://bit.ly/3gIhoYX
via IFTTT

from Blogger https://bit.ly/3sPRDsp
via IFTTT

Japanese Yen Forecast: Dovish BoJ, Covid-19 Lockdowns to Keep JPY on Backfoot

The Bank of Japan’s upgraded GDP forecasts pushed JPY higher against USD however, the central bank’s dovish stance and a slew of coronavirus restrictions will likely keep the currency on the back f…

from DailyFX – Market News https://bit.ly/3exdJL8
via IFTTT

from WordPress https://bit.ly/3vlDYuz
via IFTTT

from Blogger https://bit.ly/3aGRYYe
via IFTTT

AUD/USD Analysis: Struggling at 0.78 Despite Chinese Industrial Profits Surge

AUD/USD fell once again at the 0.78 handle as strong Chinese industrial profits struggled to offer much for the Australian Dollar. All eyes are on the Fed this week.

from DailyFX – Market News https://bit.ly/3tX0VE6
via IFTTT

from WordPress https://bit.ly/3nqmlHp
via IFTTT

from Blogger https://bit.ly/32SS22K
via IFTTT

S&P 500 Index Hits a Fresh Record, Nikkei 225 and ASX 200 Open Flat

The S&P 500 index hit a fresh record amid strong earnings. Tesla dropped during after-hours trading despite upbeat profits in Q1. Asia-Pacific markets are poised for a mixed start on Tuesday.

from DailyFX – Market News https://bit.ly/3tWINuf
via IFTTT

from WordPress https://bit.ly/3nqoG4V
via IFTTT

from Blogger https://bit.ly/3sUgETd
via IFTTT

from WordPress https://bit.ly/3voLOE2
via IFTTT

from Blogger https://bit.ly/3nnrekx
via IFTTT