XAU/USD, “Gold vs US Dollar”

XAUUSD is trading at 1794.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1810.00 and then resume moving downwards to reach 1720.00. Another signal in favour of a further downtrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1845.00. In this case, the pair may continue growing towards 1885.00.

XAUUSD

Brent

Brent is trading at 82.05; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 80.75 and then resume moving upwards to reach 85.85. Another signal in favour of a further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 77.80. In this case, the pair may continue falling towards 75.05. To confirm further growth, the asset must break the resistance level and fix above 82.45.

Brent

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is trading at 0.9334; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.9270 and then resume moving upwards to reach 0.9445. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.9170. In this case, the pair may continue falling towards 0.9085.

USDCHF

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Editors’ Picks

EUR/USD stays pressured towards 1.1300 as USD cheers risk-off mood

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GBP/USD is testing critical hourly support

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GBP/USD News

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Gold News

Bitcoin finds buyers despite new six-month and 2022 lows, BTC relief rally on deck

Bitcoin price action on Monday was mainly in a full-blown bear attack, with a new 2022 and six-month lows hit. That all changed near the end of the NY equity market session when buyers poured in to rally Bitcoin higher to close in the green for the second day in a row.

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The sell-off continues as Fed, earnings and Ukraine trigger sell off

US stocks are having yet another calamitous start to the week, both the Nasdaq and the S&P 500 are down more than 3% at the time of writing. The question now is, will this sell off last, or have we been wrong-footed by another strange Monday in the land of investing?

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