UK 100 experience a more than 1% &nbsp;decrease on last Friday, it seems like an ascending triangle is going to be shaped.&nbsp;
 
Currently, the uptrend is not that strong. We are waiting for a breakthrough of the ascending triangle.
 
Beyond that, CCI is only at 45.2, reached to 100 will bring more confidence for this trend.&nbsp;
 
There is a strong resistance level at 7437.

UK 100 is going to have an ascending triangle

Triangle Shape is going to complate for nearly 4 month. 20 period EMA &nbsp;and 60 period EMA just been breakthrough on last Friday.
 
There is a strong uptrend lately. After it breakthrough Triangle resistant level, it might have a huge bullish market. We are looking forward for the 7365.00.

UK Raise above 1% last trading day, nearly breakthrough resistant level

EUR/AUD keep an uptrend since 8th Nov. with breakthrough last resistant level 1.6280, and forming a double bottom.
 
Additionally, it just passed EMA (20) and EMA (60) yesterday, and RSI reaches 57. It seems like there is a strong increasing trend.&nbsp;
 
The first resistant level is 1.6370, the second resistant level is 1.6610.

EURAUD keep an uptrend for more than 1 week, is forming a double bottom

After a little drop for last week, AUDJPY started to increase from last Friday.&nbsp;
We can find that Fib has reached to 50% and then give a callback. Currently, it just passed 38.2% retracement level of 71.874 (to 75.387 top). The long trend seems like more obviously.
 
 
However, we realised that the RSI indicator is more towards to Neutral.
 
It is a littlle risky to buy now. The more conservative way is to buy at 74.558.

AUDJPY start to bring another increase

Recently, Aussie change the previous down trend and experienced a quite fast increase trend.
Yesterday, it just break out 200-day EMA which indicated a strong buy signal. These days, Aussie keep break out 20-day EMA, 50-day EMA, 100-day EMA and 200-day EMA.
We also can find a W bottom chart pattern.
The next resistance level is 0.7100.

Aussie raise to 12-week top

On 16th July, Pound break 1.2400 which is the lowest price in 27 month. Since March of this year, Pound has experienced a clear decrease trend.
Sterling dropped yesterday due to disagreement with the so-called Northern Irish backstop element of Theresa May’s Brexit deal. Beyond that, U.S. retail sales data is much better than expectation, which led a increase of Dollar.
The uncertainty of a no-deal Brexit will give a pressure of Pound. BOE face the possibility of cut interest rate due to economic pressure. These two reason will continue affect Pound until one of them has a decision.&nbsp;
In technical analysis, Pound has reached to the bottom of Bollinger Bands, it may has a little rally recently. RSI is 32 at the moment, which indicate a strong sell.&nbsp;

Pound face to a strong stress as a potential harder Brexit stance

Lately, after gold reached to six years high, it shows a down trend. The highest price is lower, and to 4 hours chart, we can see a M Top.
1380 is a very strong support level, if it break through, it would bring a strong down trend.&nbsp;
However, the RSI is 53, shows a very Neutral trend. A strong resistance level is 1430.

Gold is facing a down trend in technical side

Feb policymakers more more likely to cut rates as they considering the trade war situation as well as the global economic environment is weak.
Although the job data that released on last Friday showed a very positive sign, the inflation rates in U.S. is below 2%.
These reasons led Feb tend to cut interest rates.
Euro shows a increase trend as U.S. weaken. 1.1294 would be a strong break point.

Powell from Feb indicates the increase possibility of cutting rates

As the figure of U.S. job is positive, traders are doubt the possibility of Feb cuts interest rate in July.
The tension of Iran situation limit the production of crude oil, which led to the increase trend.
In short term, the price keep swing at 57.45-57.94. After it break 58.42 or 56.83, it may have a clear trend.

WTI keep swing as the cut interest rate for Feb weaken

Last Friday, the figure of Non Farm Payrolls climbed to 224,000, which is better than expected 160,000. After the figure released, US Stocks fell and Dollar raised. This indicates Feb has a few chance to decrease interest rates.
 
The next interest rate will announce in three weeks later. This very positive payroll will highly influence the decision. The CPI and PPI will release this week. Before the interest rate announce, the other important figure is retail sales.
 
In technical side, Euro Dollar face a down trend, and it seems like the price break out the uptrend resistance level. If it can hold stable these days, there may be a further down trend.

After a positive figure on Non-farm Payrolls, Dollar raise

Lately, after the current IMF Managing Director Lagarde was nominated as the next European Central Bank President, Euro is facing a down trend. As Lagarde perceived as a policy dove.
Additionally, Aussie Dollar is not strong as well, RBA just cut interest two days before. &nbsp;
The above reasons made EUR/AUD does not have a clearly trend.
Today, the data of U.S. non-farm payrolls is due to publish, which will highly affect the future trend.
In Technical side, daily RSI has kept between 30-40 lately and EUR/AUD is trying to break 1.60. If it break this support level, it may face a down trend.&nbsp;

Canyu Yang

Canyu Yang

Dec 01 2020

UK 100 is going to have an ascending triangle

2

5

Canyu Yang

Dec 01 2020

UK Raise above 1% last trading day, nearly breakthrough resistant level

Canyu Yang

Dec 01 2020

EURAUD keep an uptrend for more than 1 week, is forming a double bottom

1

Canyu Yang

Dec 01 2020

AUDJPY start to bring another increase

1

Canyu Yang

Dec 01 2020

Aussie raise to 12-week top

2

Canyu Yang

Dec 01 2020

Pound face to a strong stress as a potential harder Brexit stance

1

2

Canyu Yang

Dec 01 2020

Gold is facing a down trend in technical side

1

Canyu Yang

Dec 01 2020

Powell from Feb indicates the increase possibility of cutting rates

1

Canyu Yang

Dec 01 2020

WTI keep swing as the cut interest rate for Feb weaken

1

Canyu Yang

Dec 01 2020

After a positive figure on Non-farm Payrolls, Dollar raise

1

Canyu Yang

Dec 01 2020

EUR/AUD stuck at one month low after Lagarde nomination

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