The Australian dollar is approaching to parity with the dollar. We can see in the chart below that recently there has been some very bullish price action in Daily, who has reported this move higher.
Note the fakey + combination installation of bar pin and then bullish pin 2 bars that formed recently. this situation are examples of how a market trend with simple price action trading formations.
EURJPY:
Installing fakey + pin EURJPY we discussed in the commentary yesterday broke more in line with the underlying trend. resistance comes close to 115.50.
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Comment:
Global Stocks today pink on the expectations that the u.s. Federal Reserve Bank further loosen monetary policy to inject life the American economy stagnating.
Gold has reached a new all-time high today of $ 1374.15 per ounce as investors looked for safety, as the dollar continues to weaken. Oil closed just above $ 80 a barrel, moving 1.6% today.
The daily is almost equal and the dollar further weakened today against all the other major currencies.
The Dow moved up to 75,68 or 0.69%, S & P 500 added 8.33 points or 0.71% and the Nasdaq added 23.31 points or 0.96%.
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