Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

EUR Fails To Climb Higher; Waiting For A Signal On Gold

Published 07/06/2018, 04:37 AM
EUR/JPY
-
EUR/AUD
-
XAU/USD
-
GC
-


EUR/AUD is few steps from a major sell signal. Let me gather together all the bearish elements here: Head and Shoulders on the daily and hourly chart, breakout and bounce from the up trendline and the lower line of the flag. To a proper sell signal, we need to see the breakout of the neckline.

EUR/JPY looked very bullish...till yesterday. Now, we are very close to receive a false breakout pattern, which may result with a stronger drop.

End of the week is especially important for Gold, as we have a chance for a hammer candle on the weekly chart. In addition to that, we got a bullish engulfing on the D1 and potentially an inverse head and shoulders pattern on the H4. For the first and the last one, we need to see the price advancing to weekly highs.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.