Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
EUR/USD: bearish impulse
2019-11-11 • Updated
An impulse in wave [c] of 2 may have been ended, so the price found a lodgement under 4/8 MM Level. In this case, there's an opportunity to have a bearish impulse in wave (i).
We've got a pullback from 8/8 MM Level, so wave iv ended on the one-hour chart. Therefore, bears are likely going to deliver wave v of (i) in the coming hours. If so, we should keep in mind 4/8 MM Level as an intraday target.
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Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.