Market Technical Analysis – EUR/USD, GOLD, AUD/NZD

Updated : Apr 7, 2017, 04:29 UTC•1min read

Video Topics FOMC did not bring any major movements on the Currency Market. Only stocks were influenced but on today’s video we will focus only on FX and Gold. EURUSD is still in the sideways trend waiting for a breakout. Daily change is around 50 pips and it seems that

Video Topics

FOMC did not bring any major movements on the Currency Market. Only stocks were influenced but on today’s video we will focus only on FX and Gold.
EURUSD is still in the sideways trend waiting for a breakout. Daily change is around 50 pips and it seems that we are all waiting for the NFP which will be released on Friday. Payrolls can be a trigger for a breakout and a beginning of a new mid-term trend but for now we just have to be patient.
Gold was having a rough Wednesday. First we started with a dangerous bounce from the mid-term highs but at the end of the day, buyers managed to pull prices higher. We can still spot a buying pressure here and it looks like traders are getting ready for a bullish breakout.
AUDNZD is in a symmetric triangle above the down trendline and a neckline of the iH&S. That creates a positive sentiment here and give hints that this triangle should result with a further upswing.