US100: Consolidated and preparing correction below 18100. Key levels on H4!
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
NZD Strongest and EUR Weakest Against the USD
2020-09-16 • Updated
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Fibonacci Levels
XAU/USD: Gold has started a downside correction and stands on 23.6% retracement area.
EU Market View
Asian equity markets traded mixed and only partially benefitted from the technology gains in the US. Looking ahead, highlights from macroeconomic calendar include UK Inflation, US Retail Sales, Canadian CPI, New Zealand GDP, FOMC Policy Decision, OECD Economic Update, EC President von der Leyen and Fed Chair Powell.
EU Key Point
- US blacklists another Chinese firm over military work
- US Texas has the biggest daily jump in COVID infections in nearly 3 weeks
- Bank of America fund manager survey indicates that "Long US tech" is the most crowded trade ever
- S. to remove tariffs on Canadian aluminum
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WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
