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Financial Markets faced gap price in favour of Safe Haven assets on the Ukranian situation developments.
market jumped into Gold and Safe Haven currencies such like U.S Dollar & Japanese Yen where investors afraid of such clash between West and Russia this is not the first conflict in intrest between Russia and the West , we rememmber last year confrontation Between Russia and U.S.A over Syria File , where market jumped into Oil and haven before a Jornalist question opened the door for political sulution some investors may hed for not buying the ability for some clash between Russia and West which may calm down the demand for heaven in the near future , while investors should keep an eye over development of Ukrainian file as continues conflict may push the market toward more haven.
Dollar index
Market failed to break above 80.50-60 resistance level where market fell to test 79.70 support zone.
intraday indicators showing ability to resume trading between 79.70 - 80.60 for the coming short-run period while market may head for rebound corretion toward 80.30 zone market facing support now at 79.70 , where this trading range may set the coming short-run , while as long as market holding trades below 80.50-60 the downtrend will continue to test 79.00-50 zone.
Above 80.60 market will restore strength.
source: www.orbex.com
Financial Markets faced gap price in favour of Safe Haven assets on the Ukranian situation developments.
market jumped into Gold and Safe Haven currencies such like U.S Dollar & Japanese Yen where investors afraid of such clash between West and Russia this is not the first conflict in intrest between Russia and the West , we rememmber last year confrontation Between Russia and U.S.A over Syria File , where market jumped into Oil and haven before a Jornalist question opened the door for political sulution some investors may hed for not buying the ability for some clash between Russia and West which may calm down the demand for heaven in the near future , while investors should keep an eye over development of Ukrainian file as continues conflict may push the market toward more haven.
Dollar index
Market failed to break above 80.50-60 resistance level where market fell to test 79.70 support zone.
intraday indicators showing ability to resume trading between 79.70 - 80.60 for the coming short-run period while market may head for rebound corretion toward 80.30 zone market facing support now at 79.70 , where this trading range may set the coming short-run , while as long as market holding trades below 80.50-60 the downtrend will continue to test 79.00-50 zone.
Above 80.60 market will restore strength.
source: www.orbex.com
