Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/JPY looking for a rebound at demand zone
2019-11-11 • Updated
EUR/JPY remains confined in a range that hovers around the 200 SMA at H1 chart. According to our forecast, the pair is pointing to reach a demand zone established between the 134.67 and 134.18 level, at which we can expect a rebound to take place in order to rally towards the -23.6% Fibo zone at 137.07. To invalidate the mentioned scenario, the pair should break below the 65% level.
RSI indicator is moving in the negative territory.
Similar
SNB Won't Let EUR/CHF Fall
What happened? It looks like the decline in EUR/CHF to 1…
Japanese Yen Strengthens on COVID-19 Worries
What happened? Japanese shares fell on Monday…
Latest news
Oil Prices Plunge On Falling Fuel Demand Concerns
The energy industry has undergone several major changes in the XXI that are becoming increasingly apparent…
Bitcoin 2024: The Story Is Cyclical
In the dynamic world of financial trading, understanding the nuanced relationship between the Federal Reserve's key interest rates and Bitcoin can be a game-changer…
Will NFP Be Positive for the US Dollar?
As the US Non-Farm Payrolls (NFP) take center stage, this month's data gains special attention, particularly after the unemployment rate took a concerning turn in the previous month. The US ADP Employment Change reveals a significant decline, with the economy adding 298K new jobs...
