Shocking night and morning for the vast majority of stock bulls. Indices are collapsing and the new strain of the virus is apparently to blame.
In this situation, safe-haven assets like gold for example are gaining traction. Gold is aiming higher after breaking the neckline of a small inverse head and shoulders pattern.
Yen is also gaining, USDJPY is currently performing an attack on the mid-term up trendline.
EURJPY is testing crucial long-term horizontal support on the psychological level of 128.
USDCHF is dropping after the false breakout from the symmetric triangle pattern.
EURUSD is trying a small bullish reversal to test the major horizontal resistance.
USDMXN advances higher after the breakout of an important horizontal resistance.
EURMXN continues the rise after the price escapes from a beautiful wedge pattern. A price action classic!
For a look at all of today’s economic events, check out our economic calendar.