
What are the first stocks that'll see their quarterly reports out? Let's check them out and prepare for some moves in the stock market!
2020-11-13 • Updated
Let’s have a detailed technical look at EUR/GBP from a strategic point of view.
Since the beginning of the year, EUR has been gaining value against the GBP. When the virus came, in March, it was pushed out of balance but in the next month it was already back to the same upward trajectory. That, by the way, confirms once again that individual events only have a temporary impact on the market: it is the long-term processes and systematic events that drive currencies. In September, things changed. The currency pair reached the tactical highs above 0.92 and started falling. Since then, it has never stopped.
Currently, it trades below 0.90. The fact that the pair crossed this support downwards confirms the understanding of the market as predominantly bearish now. Although it already managed to make an upward retrace after dropping to 0.89, there is little doubt that it will continue falling. For this scenario, o.8870 is the regional bottom – it saw the price bounce upwards twice before. Will it happen again? Possibly, but a lot of things depend on the outcomes of Brexit – they are due in weeks, if not days. If the trend stays, 0.87 will be the next target for bears. So let’s watch how Brexit evolves and mark the checkpoints.
What are the first stocks that'll see their quarterly reports out? Let's check them out and prepare for some moves in the stock market!
JPM and Goldman Sachs report their earnings on April 14 for Q1’2021. What is the market expecting?
Does the double-low formed in the gold chart at 1680 suggest we will see upside soon?
Gold price formed a bearish harmonic ‘Butterfly’ pattern. Still, the detour to $1760 may be the decline it forecasts. In addition, even the pattern allows expecting the increase up to $1780.
Which currency does have a higher potential for further growth? EUR? USD? Let's find out!
According to Westpac, the AUD is undervalued. What target do they set?
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