U.S. stock markets opened higher on Monday, buoyed by hopes for a last-minute agreement on a comprehensive fiscal stimulus package before the elections on November 3.
USD/JPY: dollar falling to negative zone
2019-11-11 • Updated
Technical levels: support – 109.20, 108.80; resistance – 109.75.
- Sell — 109.75; SL — 109.95; TP1 — 109.20; TP2 — 108.80.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the market returned to negative zone and may change the main trend soon.
The Kiwi has been losing value against the US dollar. Where does it go?
CHF/JPY retraced 61.8% of its August-September decline, corrected down, formed a higher low above the 100-day MA and now seems eager to rise to the 78.6% Fibonacci level at 116.90.
European stock markets are seen opening a little lower Tuesday, weighed by weakness on Wall Street as time begins to run out on a new U.S. stimulus package