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!
How about USD/JPY?
2019-11-11 • Updated
BUY 109.20; TP 110.20; SL 108.95
USD/JPY made a sizeable move up last week. It retraced more than 50% of the December-January decline.
The new week started with a small gap down. The pair’s currently below last week’s high at 109.90. The bullish picture will likely prevail, although USD/JPY will probably be bought at lower levels. The buying area can be around 109.20 (50% Fibo). The next level to watch on the upside is 110.30 (61.8% Fibo, 50-week MA).
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!
Whenever inflation exceeds 4% and unemployment falls below 5%, the US economy enters a recession in two years.
The stock market has reversed, and now it’s going lower and lower…
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?!