Currencies and Gold Projections

Week of 10th of Feb. EURGBP, USDJPY, XAUUSD.

EUR/GBP 

The EUR/GBP is currently trapped in a hallway of sideways consolidation awaiting a market correction in trend. If current trends hold the EUR/GBP will move to test resistance level 0.84461 before moving to 0.83359. Shown in Chart A. 

USD/JPY 

Following a pullback to retest the year high set in the third week of January 2020 the USD/JPY could not reach resistance level and year high 110.187. If the USD/JPY can not maintain above resistance level 109.623 then the USD/JPY will move and continue to test resistance level 108.862. Shown in Chart B. 

XAU/USD 

The XAU/USD is setting roots for futures resistance at 1574.58. If volatility can hold the XAU/USD will move to retest the year high and find new range and year highs. If volatility does not hold market trends the XAU/USD will move to retest resistance level 1561.61 before moving to 1550.93. Shown in Chart C.


*Charts are created with
TradingView, our partner in charting.
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Written by Nenad Jordanoski, Futures Trader and Technical Analyst.
Email: nj@thetrade.academy
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