USD/ZAR: there’s more to come
USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month.
Stock market: Pepsico keeps fighting
Trade idea
BUY 132.60; TP 135.00; SL 131.25
The stock of Pepsico formed a kind of messy inverted “Head and Shoulders”. On W1 we see a sharp reversal of the price to the upside. It has also managed to overcome the July-August resistance line and finally closed above the horizontal 50-day MA in the 131.50 area. Bulls will remain in control as long as Pepsico is trading above the support in the 128.60/127.50 zone. The advance above 132.50 will open the way up to June and July highs in the 135.00 area.
Elizabeth Belugina
Similar
EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
EUR/NZD: the opportunity is still here
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
Latest news
USD/ZAR: there’s more to come
USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month.
EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
EUR/NZD: the opportunity is still here
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
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