Japanese Yen Strengthens on COVID-19 Worries
What happened? Japanese shares fell on Monday…
AUD/JPY rising inside minor impulse wave 3
2019-11-11 • Updated
- AUD/JPY rising inside minor impulse wave 3
- Next buy target - 84.00
AUD/JPY continues to rise inside the minor impulse wave 3 which recently reversed up from the support level 82.00 (previous resistance level which stopped the earlier minor impulse wave 1 in June, as can be seen below). The active minor impulse wave 3 belongs to the intermediate impulse wave (3) from last month. AUD/JPY is expected to rise further toward the next buy target at the next resistance level 84.00.
Similar
Aussie Selloff Ahead?
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
USD: a sudden plunge for a quick pick-up!
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
Latest news
USD: Powell Speaks on Cutting Interest Rates
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
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.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
