USDJPY positive dollar reaction after Biden's statement

About 5 hours ago, Joe Biden announced that on Jan. 26 he had no plans to lift restrictions on visitors from the UK, EU and Brazil, as announced by Trump. After the release of the statement, the rate clearly strengthened. Personally, I don't like the price movements caused by the news factor alone. Such a price movement is not justified by anything other than just one event. The value of the prices should be based on the actual strength of the currency and the state, not a few words of the president or someone in high standing.

Either way, we have the exit from the triangle. I leave the price behavior during the correction to the support level and the border with the marked line under observation. If I see that the rate does not want to rebound, I will not risk it because we are not catching lows 😉

Gold is in a downward trend all the time

As long as it does not break the designated zone (additional level marked with a small blue line), gold is still in a downward trend. Long position not earlier than after breaking this level and correction so as not to catch the force of the movement.

Possible transactions in the place of the blue resistance zone coinciding with the diagonal local trend line lead to the last several days of local candlestick peaks.

USDCAD ahead of tomorrow's data and speech

The Canadian weakened significantly against the US Dollar, but unfortunately the investors did not manage to break the rate above the highest resistance I wrote about earlier. At yesterday's session the rate corrected in terms of fawn growth, which does not indicate a willingness to continue the upward move. The assumptions can be seen more or less in the image on the chart. He expects the price to try to rebound in the support zone, but unfortunately the downtrend is still in the game. Personally, beyond the market on this pair at least until tomorrow.

The expected macroeconomic data for tomorrow is an additional argument. Assuming that Canada's situation is good, the same level of data shows that the country is doing well and is maintaining the current standard of living. Since it is not worse, it is good 🙂 There are also many speeches with a large economic impact, which will probably translate into strong fluctuations of the currency pair, I recommend caution at this time.