Online Forex broker
2019-11-11 • Updated
Trade ideas
SELL 1.7470; TP1 1.7400; TP2 1.7360; SL 1.7490
BUY 1.7600; TP 1.7680; SL 1.7580
EUR/NZD has recently made a number of attempts to approach 0.76 but all of them failed. The recent highs are not confirmed by the Awesome oscillator on the D1 and the H4. As a result, if the euro area releases weaker economic figures, the currency pair will suffer. The decline below 1.7475 (August 13 high) will open the way down to 1.7400 (50-period MA on H4) and 1.7360 (10-period MA). On the other hand, if the NZD is hit more by the trade war, the pair will have a chance of the advance from 1.7590 to 1.7690 (the line connecting May and August highs).
As central banks raise rates amid recession fears and companies deliver financial results, markets are super active and provide multiple trade opportunities. Let's see what awaits traders this week!
First, the Euro dropping below the $1 level is rare…
The US dollar gained more than 2.5% against other currencies ahead of the NFP statement on Friday. As a result, EURUSD plunged to the 20-year low at 1.0100.
The past two years have seen the biggest swings in oil prices in 14 years, which have baffled markets, investors, and traders due to geopolitical tensions and the shift towards clean energy.
China may respond to US House Speaker Nancy Pelosi's visit to Taiwan with military provocations, including firing missiles near Taiwan or large-scale air or naval activities…
The e-commerce giant has recently faced a lot of pressure, starting from global uncertainty in China amid lockdowns and geopolitics. The company has been added to the US SEC (Securities and Exchange Commission) delisting queue. Finally, there’s an earnings report coming on August 4. Let’s discuss everything and prepare for the next move.
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