On the chart, the EURUSD pair is currently trading in a downtrend channel. In addition, the EMA 89 is currently above the EMA 34, which shows that the short-term downtrend is dominant, especially in the context of the USD being supported by recent positive economic data.
Personally, I see that the short-term trend is still down. In the coming time, if this...
On the chart, gold is currently trading above both the 34 AND 89 EMAs, reinforcing the short-term uptrend. However, I see that gold has not broken out of 2,720. If it breaks out of here, the uptrend will be confirmed.
In addition, gold prices are currently fluctuating in the context of the Bank of Canada cutting interest rates. The European Central Bank (ECB) and...
