Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/JPY looking to consolidate above 132.00
2019-11-11 • Updated
EUR/JPY has been immersed in a corrective move since August 30th, looking forward to test a demand zone between the 50% and 61.8% at 129.61 and 128.99 respectively, according to our Fibonacci outlook. At H1 chart, we can note that a bearish crossover of moving averages is happening and it could strengthen the bearish bias in the pair.
If it manages to rebound above the demand zone, it can be targeting the -23.6% Fibonacci retracement level at 132.66, which should be our for objective in a first degree. RSI indicator is at oversold 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
USD: Powell Speaks on Cutting Interest Rates
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
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.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
