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…
EUR/NZD: short-term idea
2019-11-11 • Updated
SELL 1.7460; TP 1.7435; SL 1.7475
EUR/NZD is consolidating within a symmetric triangle around 1.7400. The initial attempt of the pair to break above the resistance line connecting September and October highs wasn’t successful and a candlestick with a long upper wick appeared on the H4. Only the advance above 1.7510 can open the way up to 1.7550 (early October highs). On H1, there was an inside bar pattern followed by a bearish candlestick, so we suspect that the pair will turn down to visit at least the middle of the triangle. We picked support at 1.7460 as a trigger for sell orders with a target around 1.7435 (100-MA on the H4).
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…
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!
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
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