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: bullish 'Doji' and 'Tower'
2019-11-11 • Updated
There're bullish patterns such a 'Doji' and a 'Tower', which both have been confirmed. So, the market is likely going to test the 34 Moving Average in the coming hours. A pullback from this line could be a departure point for another decline towards the next support at 1.1400.
The 55 Moving Average is acting as resistance, so there's a bearish 'High Wave' pattern. In this case, we could have a local downward correction, but bulls are likely going to test the nearest resistance at 1.1574 little later on. Even so, we should watch the lower 'Window' (1.1400) as the next bearish target.
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
What happened? It looks like the decline in EUR/CHF to 1…
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
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%.