A month ago, while analysing the uptrend in the Hang Seng index (Hong Kong 50 on FXOpen), we noted that: → Positive sentiment was driven by the success of the DeepSeek startup, boosting Chinese tech stocks and mobile operators. → Price movements formed a bullish structure based on Fibonacci proportions. → Analysts predicted the uptrend […]
Jan 12, 2024
AUDUSD Remains in Positive Territory
AUDUSD fails to fall below 0.6645 Price holds well above uptrend line RSI is flattening AUDUSD has been in a somewhat positive corrective mode during the week, earning back some losses from the December 28 high of 0.6870. Entering the 0.6700 area has been a struggle over the past few days, and there might be […]
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