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: two 'High Wave' patterns in a row
2019-11-11 • Updated
The 34 Moving Average is acting as support. At the same time, there's a bullish 'High Wave', but confirmation of this pattern isn't enough. In this case, the price is likely going to continue moving down towards the 89 MA.
There're two 'High Wave' patterns in a row, so the pair is likely going to test the closest resistance. If a pullback from this area happens next, there'll be a moment to have a decline towards the Moving Averages.
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
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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%.