The recovery of WTI last week met resistance in the 54.60 area. The price formed a gap down on the mounting fears about the coronavirus.
BTC/USD: a trade idea
SELL 11,100; TP1 10,800; TP2 10,400; SL 11,300
After its peak at the end of June, BTC/USD has been constantly forming lower highs and making significant legs to the downside. The cryptocurrency met resistance at the 61.8% of the 2017-2018 decline in the $13,500 area. Bitcoin is very volatile and the odds are that it will test lover levels at $11,120, $10,800, and $10,400.
Currently, the precious metal trades in the zone of 7-year highs. How far away is the all-time high?
The volatility in USD/MXN has jumped. The pair is correcting up within the downtrend, which has been in place since September.
It looks like the American stock market woke for the true depth of dangers presented by the Coronavirus. Why now?
AUD is on a downswing against the USD. It reached the Spring-2009 lows. Will it continue the same direction?
NZD seems to be in an equal fight against the JPY. What stands behind that?