Will the Fall of USD Bring Hope to the Crypto Markets?
After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.
Analyst expects EUR/USD to break higher
2019-11-11 • Updated
Recommendation:
BUY 1.1710
SL 1.1655
TP1 1.1810 TP2 1.1940 TP3 1.1990
On the daily chart, EUR/USD came close to an important resistance at 1.1710 (38.2% of the long-term rising wave). If it manages to get above it, EUR/USD will trigger an AB=CD pattern with a target at 200%. Formation of a “Shark” pattern with the 88.6% target will become more likely.
On H1, there’s a “Spike and ledge” pattern. A break of the upper border of the 1.153-1.1710 consolidation range will trigger a “Head and shoulders” pattern and AB=CD. Its 200% target lies at 1.1940.
Similar
US Dollar: A Dump or a Correction?
After completing a substantial 4-week bullish rally, the US Dollar closed last week with a big bearish candle, which has led to a 2.63% decline in US Dollar prices. The million-Dollar question on traders' and investors' minds: is this the start of a US Dollar dump or just a correction?
Will Hawkish Federal Reserve Policies Endure?
All eyes seem to be on the US Dollar as traders await the Federal Reserve Chair's speech this Thursday at the Cato Institute's Annual Monetary Conference.
Latest news
The CAD vs. the World: Mid-Term Scenarios for the Currency
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
Fed Keeps Pushing USD to 2000s Highs
The US dollar index has all chances of reaching the 2000s high of 120.00.
Canadian CPI, Top-down Analysis and Trade Ideas
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy
