Online Forex broker
2019-11-11 • Updated
Recommendation:
SELL 128.3
SL 128.85
TP1 127.3 TP2 126.3 TP3 125.5
On the daily chart of EUR/JPY, bears managed to pull the pair back to the medium term downward channel and implement the “Shark” pattern. Its 88.6% target is at the level of 125.5. To rise, the pair needs to break above 128.85.
On H1, the pair keeps reaching targets of the “Shark” pattern. Bears are stronger, that’s why pullbacks with rebounds from resistances at 128.3 and 129.2 can be used to sell.
Fed Chair Powell’s comments on the Jackson Hole Symposium resulted in the worst weekly candle in the US500 index since June. Most risky assets experienced severe drawdowns, and EURUSD returned to the above-parity area. We explain everything you need to know about the Symposium in this article.
Despite a slight decline from its highest levels since 2002, around 109 range, it is just a correction, and the green king, the US dollar, will resume its rally…
What will happen? Federal Reserve Chair Jerome Powell will give a speech during the Jackson Hole Symposium on August 26 at 18:00 GMT+3…
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy
After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.
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