Save-Haven Assets Got a Boost Yesterday

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Published: Apr 12, 2017, 11:42 UTC

Tensions over Syria and North Korea gave the fuel for the nice movements on few instruments, which were also supported by the lower liquidity

Tensions over Syria and North Korea gave the fuel for the nice movements on few instruments, which were also supported by the lower liquidity – the factor that usually makes movements a little bit exaggerated.
Gold spikes above the 1260 USD/oz. They also managed to reach a crucial long-term resistance – the line connecting major lower highs. First contact is bearish, the price is creating the shooting star candlestick. Despite that, the general sentiment stays positive.
EURJPY broke the lower line of the flag formation. That triggers a strong sell signal. The price in the same time broke a short-term horizontal support and used that as a resistance. Beautiful display of the price action trading.
Cable broke the upper line of the wedge and is on the best way to reach the upper line of the symmetric triangle formation. We should get there in the next few days.

About the Author

Tomasz Wiśniewskicontributor

During his career, Tomasz has held over 400 webinars, live seminars and lectures across Poland. He is also an academic lecturer at Kozminski University. In his previous work, Tomasz initiated live trading programs, where he traded on real accounts, showing his transactions, providing signals and special webinars for his clients.