ONLINE FOREX BROKER
2019-11-11 • Updated
Recommendation:
SELL 0.7075
SL 0.7130
TP 0.6965
On the daily NZD/USD chart, buyers managed to return the pair to the long-term uptrend channel. This creates grounds for the bullish trend’s resumption. In addition, reaching of 88.6% target increases the risks of the transformation of the “Shark” pattern into 5-0.
On H1, bulls took the initiative after NZD/USD formed a “Triangle”. A decline below the previous consolidation range of 0.7075-0.7125 will create grounds for a deep correction.
The past two years have seen the biggest swings in oil prices in 14 years, which have baffled markets, investors, and traders due to geopolitical tensions and the shift towards clean energy.
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
Last Friday’s NFP was disappointing. The reaction of the markets was astonishing. Will it last longer? Let's find out the main trade opportunities for the upcoming week.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
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