EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Three Methods" pushed price higher
2019-11-11 • Updated
There's a "Piercing Line", which has been broken. So, the market is likely going to continue moving up towards the nearest resistance area.
The last "Three Methods" pattern pushed the price higher. At the same time, there's a bearish "Doji", so we could have a local correction in the short term. Anyway, bulls are likely going to test the upper "Window" afterwards.
Gold price (XAU/USD) experienced a notable turnaround, gaining fresh bids after a $125 pullback from its recent peak. Federal Reserve Chair Jerome Powell's recent speech suggested a reluctance towards aggressive rate cuts, dampening speculations of immediate policy easing. Market sentiment leans towards the belief that the Fed has concluded its tightening cycle, with a growing...
Bitcoin's price remains stagnant despite the Fed's slightly less hawkish tone. In contrast, Bitcoin has outperformed other assets, doubling in price from $16K to nearly $38K this year. Improved fundamentals, including the resolution of Binance concerns...
Hey folks, it’s a wrap to yet another month in the 2023 calendar, and I’m guessing you know what that means - time for another episode in the “What To Trade” series. For December, I will be mapping out trade more cautiously as the market volatility often drops