Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
British pound is currently gaining value
2020-11-03 • Updated
Ichimoku Kinko Hyo
CAD/JPY: The CAD/JPY is trading within the Kumo. An upward wave would lead the pair to exit the cloud, confirming a new bullish outlook.
US Market View
- Wall Street was set to open higher on Tuesday as investors bet on a clear win for Joe Biden in the most polarized U.S. presidential election in recent history. U.S. President Donald Trump and Democratic rival Biden made a last-minute push for votes in battleground states on Monday. Their campaigns were wary of possible legal disputes that could delay a clear outcome, but a wave of risk appetite swept through markets. Wall Street futures were up before New York trading began, buoyed by gains in Asia and Europe and by hopes that a Biden win would translate into more stimulus programs.
- EURUSD has pushed higher north of 1.1700 in the European session.
- USDTRY continues to climb during the European session Tuesday and now trading above 8.50.
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Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
When I started trading stocks a few years ago, I often needed to pay more attention to my technical analysis skills and trust that the market would play fair according to my analysis. I have since discovered that the safer approach to trading stocks is to, more often than not, seek out investing opportunities - that is, catching stock commodities with a potential to rise.
Latest news
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...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone