US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
AUD/USD: to the six-year highs?
2022-12-20 • Updated
Since March 2020, the Australian dollar has been very tough on the USD. From the crisis depths below 0.60, AUD/USD has risen to the current 0.78. Another leap, and it will reach 0.81 – that will be the six-year highs. It’s very important to have the below strategic picture in your mind when you trade this pair because the closer it gets to 0.81, the harder it should be for it to break the resistance. In the meantime, breaking this resistance may lay the beginning of a large uptrend such as those that took place more than a decade ago and lasted for two years. Don’t rush to see bullish domination though: there are commentaries that the US dollar may get back to strength. If that’s the case, we won’t see AUD/USD go as high as in 2009 or 2007. Let’s see.
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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...
