technical

Gold’s price has declined as the US-Iran war unfolds with little sign of ending soon. In perhaps the most uncertain times in recent years, Gold isn’t moving the way it is supposed to. What is going on?

EUR/USD remained under heavy bearish pressure for the second consecutive day on Tuesday and closed deep in negative territory.

The technical picture suggests a bullish break of a price channel and key horizontal resistance will occur if the price gets established above $1.3372.

The USD/SGD pair rebounded this week, reaching its highest level since January 23. It continued its uptrend as geopolitical risks continued rising, pushing investors to the safety of the US dollar.

The USD/BRL pair rebounded sharply, reaching its highest point since January 21. It soared to a high of 5.3423, much higher than this week’s low of 5.1155, as the US dollar rallied amid the ongoing war in the Middle East.

The EUR/USD exchange rate continued its strong downward trend this week, reaching its lowest since November last year as the crisis in the Middle East accelerated. It also dropped as President Donald Trump ordered an end of trade between the US and Spain.