Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/JPY reversed from support area
2019-11-11 • Updated
- EUR/JPY reversed from support area
- Next buy target - 132.00
EUR/JPY recently reversed up with the daily Morning Star from the support area lying between the key support level 129.30 (which reversed the previous wave (A), as can be seen below) and the lower daily Bollinger Band. Given the clear bullish divergence on the daily Stochastic, EUR/JPY is expected to rise further toward the next buy target at next resistance level 132.00 (top of the previous intermediate correction (B)).
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
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.
