It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
EUR/USD: the euro is rising
2019-11-11 • Updated
BUY 1.1485 SL 1.143 TP1 1.1585 TP2 1.169 TP3 1.175,
BUY 1.14 SL 1.1345 TP1 1.15 TP2 1.159 TP3 1.169
On the daily chart of EUR/USD, there is the implementation of the "Three Indians" and "Spike and Ledge" patterns' combination based on the 1-2-3 one. It increases the possibility of the downtrend's reversal. If the euro manages to stick above the $1.1445 level, the odds of the rise towards the "Bat" pattern's 88.6% target will increase.
On H1, the "Broadening Wedge" pattern was implemented. The update of the December's maximum or the reversals towards the 23.6%, 38.2% and 50% levels may be used to open long positions.
Whenever inflation exceeds 4% and unemployment falls below 5%, the US economy enters a recession in two years.
Dovish ECB and hawkish Fed paint a bearish outlook for the EUR/USD. Is declining to 1.0770 the next stop?
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!