US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
Risk Averse Lead Markets
2020-09-09 • Updated
Ichimoku Kinko Hyo
EUR/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 failed to stand above 23.6% retracement area. Seems that sellers increase downside pressure.
EU Market View
Asian equity markets were lower across the board amid strong headwinds from Wall Street where the tech rout intensified on return from the long weekend. US equity futures pare Asia session losses with Emini S&P now flat and Emini Nasdaq 100 up 0.7%, although still have far to go to recoup Tuesday's tech sell-off; Asia-Pac bourses remain heavily pressured. Looking ahead, highlights from macroeconomic calendar include US JOLTS and BoC Interest Rate Decision.
EU Key Point
- Japan's Suga supports that it is important to protect jobs, help businesses continue operating
- ECB heaps further pressure on big banks over Brexit plans
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Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
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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...
