Although China’s Caixin Services PMI becomes another activity data to flash positive figures for the dragon nation, AUD/USD remains modestly in loss to 0.6060 amid the early Friday.
USD/JPY is relatively bid in Asia despite the risk-off tones circulating which would usually keep the yen underpinned. The spot rallied on solid US stocks and a spike in oil prices overnight.
Gold fails to extend the previous recovery gains amid fresh challenges to risk. Wuhan Chief cited coronavirus resurgence risk, Washington Governor extends lockdown. S&P keeps US rating/outlook intact, expects a recovery in 2021.
![Joseph Trevisani]()
Remember, if you can provide a logical structure for the change in trend and if there is evidence, even if very preliminary, then you are not picking tops and bottoms but choosing a new market direction.
"A cycle is a recognizable price pattern or movement that occurs with regularity in a specific time period"
"Advisory Opinion, comprised of arguments and trade ideas which have been committed to publication and therefore have an influence on the trading public,
"Have you ever read news updates mentioning Elliott Wave yet you don’t have a clue what these mean for the Forex?"
"Support and Resistance Lines conform the most basic analytical tools and are commonly used as visual markers to trace levels where the price..."
