Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/AUD reversed from key resistance level 1.5110
2019-11-11 • Updated
- EUR/AUD reversed from key resistance level 1.5110
- Next sell target - 1.4800
EUR/AUD continues to fall after the earlier downward reversal from the key resistance level 1.5110 (which is the lower boundary of the strong resistance area which has been reversing the pair from the end of May, as can be seen below). This resistance area was further strengthened by the upper daily Bollinger Band. Given the strength of the aforementioned resistance zone, EUR/AUD is expected to fall to the next sell target at the next support level 1.4800 (low of the previous correction 2).
Similar
SNB Won't Let EUR/CHF Fall
What happened? It looks like the decline in EUR/CHF to 1…
EUR/USD Hit All Targets
4H Chart Daily Chart EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…
Latest news
The Battle for Oil. OPEC Strikes Back
The past several weeks have been a real triumph for the bulls in the oil market. The Brent spot price grew by 8.5% during the last month.
Gold is Rising Despite Inflation Returns
Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.
Can the Chinese Economy Recover?
Amid concerns of a Chinese economic slowdown, reports of declining investment often overlook China's efficient investment strategy in emerging sectors for long-term growth. China has taken measures to stabilize foreign and private sector investments, like reducing the reserve requirement ratio to boost investor confidence.
