This week in forex, stocks and crypto [Video]

Kiana Danial, CFP Invest Diva

The 75.20 support level I talked about a couple of weeks ago appears to have held the AUD/JPY pair from dropping any further. With this, we may see a Double Bottom bullish reversal chart pattern forming on the daily chart. On the other hand, this could be a risky observation as the future Ichimoku Cloud remains bearish on the daily chart, while on the 1-hour chart, it has broken above the cloud with the future cloud moving up.

The pair may also be forming another Double Bottom if you look at the bigger picture. Call it a double, Double Bottom if you will. For a detailed investment strategy on AUD/JPY and other pairs, visit the PIG.

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Author

Kiana Danial, CFP

Invest Diva

Kiana Danial is an award-winning, internationally recognized personal investing and wealth management expert.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.