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: developing 'Triangle' pattern
2019-11-11 • Updated
The main trend is bearish, but the pair faced with support at 1.1928, so there's a consolidation, which is likely going to be a 'Triangle' pattern. If correct, we should keep an eye on the next support at 1.1915 - 1.1895 as the next intraday target.
It's likely that there's a 'Triangle' pattern, so the market is likely going to test the closest support at 1.1941 - 1.1914. A pullback from this area could be a departure point for a bullish correction towards the nearest resistance at 1.1954.
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%.