What happened? Japanese shares fell on Monday…
USD/JPY: 'Engulfing' on the 89 Moving Average
2019-11-11 • Updated
There's an 'Engulfing', which has been formed on the 89 Moving Average. So, we're going to have a bullish correction in the coming hours. Nevertheless, there's an opportunity to see another decline afterwards.
We've got a bullish 'Hammer', so the price is likely going to test the 34 Moving Average shortly. A pullback from this line could be a starting point for another decline towards the next support area.
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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