Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
USD/JPY: the Dollar supported by Kijun-sen
2019-11-11 • Updated
Technical levels: support – 106.80; resistance – 107.50, 107.80.
- Buy — 107.10/20; SL — 107.00; TP1 — 107.80.
- Sell — 107.80; SL — 108.00; TP1 — 107.10; TP2 — 106.80.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun; the market is supported by Kijun-sen and may going to new highs.
What happened? Japanese shares fell on Monday…
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Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.