The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie inside a Cloud
2019-11-11 • Updated
Technical levels: support – 0.7330, 0.7370; resistance – 0.7440
- Sell — 0.7440; SL — 0.7460; TP1 — 0.7370; TP2 — 0.7330.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen, horizontal lines; the prices are entered inside a Cloud and may test upper border Cloud.
What will happen? Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3)…
How to understand if an economy is accelerating or decelerating? What are the indicators that can guide us in this interpretation? One of the ways in which we can assess this situation is precisely the household consumption, which fundamentally refers to…
Credit cycles (or leverage cycles) represent moments in the economy of a country when families and companies get indebted, in order to invest or to spend in different segments, which ends up positively influencing the level of the general economic…