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!
How much will EUR/GBP fall?
2019-11-11 • Updated
TP1 0.8845 TP2 0.8785 TP3 0.8745
On the daily chart of EUR/GBP, the price returned to the long-term trading range between 0.87 and 0.902. The inability of bulls to hold the price above the resistance level at 0.902 shows their weakness and increases the risks of appearing “Shakeout-Fakeout” pattern. The pair should return to the middle of the consolidation range to make this scenario possible. The break of its lower limit will lead the price downwards the target at 161.8% on AB=CD.
On the H1 chart, if EUR/GBP returns towards 38.2% and 50% from the AD wave of the pattern “Batterfly”, open short positions.
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
Gold Daily Chart Throughout last week’s trading, gold traded within a tight range, but it also managed to hold well above its 1775 support area until the end of the week, while the technical indicators has improved over the past few days, including…
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?!
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!