Technical levels: support – 1.2900; resistance – 1.2960.
Trade recommendations:
1. Buy — 1.2930; SL — 1.2910; TP1 — 1.2980; TP2 — 1.3050.
2. Sell — 1.2900; SL — 1.2920; TP1 — 1.2810; TP2 — 1.2710.
Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen in a Cloud; the prices are on the support of Cloud, but the bulls are weak.
Discover why FBS reduced the GBPCAD spread and what to do next!
Today's FOMC meeting is the highlight of the week, and Antje Praefcke, FX Analyst at Commerzbank, discusses the USD outlook ahead of the announcement. Praefcke believes there's low risk of the Dollar declining post-meeting due to unlikely dovish surprises, especially after strong inflation readings. Instead, the Fed may emphasize...
In its February meeting, the Bank of England kept interest rates unchanged at 5.25%, the highest in 16 years. While one policymaker advocated for a rate cut, the central bank refrained from signaling any imminent changes, citing the need for further evidence on inflation. With inflation stable at 4.0% y/y in January and the economy emerging from recession, policymakers...
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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