What happened? Japanese shares fell on Monday…
USD/JPY: bullish "Hammer"
2019-11-11 • Updated
The price is consolidating between the Moving Averages. At the same time, there's a bullish "Hammer", so the pair is likely going to test the next resistance area in the short term.
There's an "Engulfing" pattern, which has been formed on the 55 & 89 Moving Averages. In this case, the market is likely going to test the upper "Window" anytime soon.
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Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
In a few days, primary Forex currencies will hear what their respective central banks think about the future - and we're about to trade it!
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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.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone