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!
EUR/USD: euro inside a Cloud
2019-11-11 • Updated
Technical levels: support – 1.1820, 1.1890; resistance – 1.1980.
- Sell — 1.1980; SL — 1.2000; TP1 — 1.1890; TP2 — 1.1820;
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with the rising lines; the market breaking out the SSA’s resistance and entered into the cloudy area.
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.
Ford stock probably isn’t the first thing that comes to your mind when you’re looking for trade ideas…
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
The current situation is terrible, and the future is worse for the United Kingdom. Will the British pound withstand the challenges that await the UK economy, or will it collapse?