The South African rand has dropped against the US dollar. What are the reasons?
EUR/USD: Dovish Policy Expected
2021-07-28 • Updated
What will happen?
FOMC statement will be announced at 21:00 MT (GMT+3) on Wednesday, July 27. In the previous article, we have already mentioned the importance of this event.
Let's look at the charts and decide what will be the best option to choose.
On the daily chart EUR/USD has formed a “falling wedge”. Moreover, the price broke through the top line of the figure and tested it from the above. Last weekend Bitcoin also broke its rising wedge and gained 15% after shortly. This setup gives us confidence in long trade with the target of $1.193.
Bitcoin daily chart
US stock market corrects, gold recovers and the crypto market drops hard! Best trade opportunities during this week in the article! Let’s check the charts and set some goals! NASDAQ (US100) US100 index plunges as the US dollar strengthens…
The US broad-market index, S&P 500, has been pressed below the 50-day moving average for the first time since March! Why?
GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.