What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
NZD/USD: opportunity for bulls at key Fibo zone
2019-11-11 • Updated
Bulls are trying to gain traction in the NZD/USD pair around 0.7227; a level which coincides with the 61.8% Fibonacci retracement area and it could give a boost to the Kiwi in order to resume the upside’s trend. If that happens, we could project the first target around 0.7324 and this scenario is likely to happen given to the fact that 200 SMA is hovering around the Fibo zone mentioned above.
To the downside, if June 15th lows give up to the bearish bias, we might expect a downside acceleration towards 0.7163 and 0.7131; levels that are part of the Fibonacci expansion plotted during all the cycle started and finished on June 15th.
The US broad-market index, S&P 500, has been pressed below the 50-day moving average for the first time since March! Why?
Bitcoin At the end of the past week, Bitcoin broke through the big resistance level of $50 400 and reached $51 500 after the worse-than-expected US labor data…