Gold Daily Chart Lacks Clear Direction

We have added a triple moving average system to determine the trendiness of XAUUSD. Green>orange>red is regarded as a bullish formation. When this is achieved with angle and separation (blue arrows) a price uptrend typically ensues. Current price action lacks clear direction in this regard. We note that the short-term...

USDJPY bearish reversal | 21st July 2021

Prices are reacting below the resistance level of 110.017, in line with descending trendline resistance, 78.6% Fibonacci retracement and 161.8% Fibonacci extension. Prices are expected to reverse off this level and take support at 109.064, in line with horizontal swing low support and 78.6% Fibonacci extension. Alternatively, if prices break...

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