The financial markets are a complex and ever-changing landscape that can be difficult to navigate without the proper knowledge and expertise. That’s why it’s important to turn to experts like Gregor Horvat, a renowned financial analyst and trader, for insights into the latest trends and indicators.
In this comprehensive analysis, we’ll examine some of the key financial markets and indicators that Horvat has been closely monitoring, including EURUSD, USDJPY, WTI, XAUUSD, EURAUD, and EURNZD.
First up is EURUSD, which is the most widely traded currency pair in the world. According to Horvat, the pair has been in a long-term downtrend since 2008, but has recently shown signs of a potential reversal. He notes that the pair has formed a bullish flag pattern on the daily chart, which could indicate a move higher in the near future.
Next, we have USDJPY, which is another major currency pair that Horvat has been watching closely. He notes that the pair has been in a long-term uptrend since 2011, but has recently hit a key resistance level at 111.00. If the pair is able to break through this level, Horvat believes it could continue to move higher.
Moving on to commodities, WTI (West Texas Intermediate) crude oil has been a major focus for Horvat in recent months. He notes that the price of oil has been in a downtrend since October 2018, but has recently bounced off a key support level at $50 per barrel. If the price is able to hold above this level, Horvat believes it could move higher in the coming months.
Gold (XAUUSD) is another commodity that Horvat has been closely monitoring. He notes that the price of gold has been in an uptrend since 2015, but has recently hit a key resistance level at $1,350 per ounce. If the price is able to break through this level, Horvat believes it could continue to move higher.
Finally, we have two currency pairs that are often overlooked by traders: EURAUD and EURNZD. Horvat notes that both pairs have been in long-term downtrends, but have recently shown signs of a potential reversal. He believes that traders should keep an eye on these pairs in the coming months, as they could offer some interesting trading opportunities.
In conclusion, the financial markets are a complex and ever-changing landscape that require careful analysis and expertise to navigate successfully. By following the insights of experts like Gregor Horvat, traders can gain a better understanding of the latest trends and indicators, and make more informed trading decisions.
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