Japanese Yen Strengthens on COVID-19 Worries
What happened? Japanese shares fell on Monday…
USD/JPY: "Window" acted as support
2019-11-11 • Updated
The lower "Window" has acted as support, so we've got an "Inverted Hammer". However, the price couldn't break the upper "Window", so bears are likely going to test the nearest support once again.
We've got a local bullish "Harami", which hasn't been confirmed yet. So, the price is likely going to test the closest resistance. If a pullback from this level happens, we could have just another decline.
Similar
USD: a sudden plunge for a quick pick-up!
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
USD, GBP, JPY: the week of interest rates and monetary reports!
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!
Latest news
How Will Amazon Price React To The Split?
What will happen? Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3)…
CONSUMPTION AND ITS INFLUENCE ON THE ECONOMY
How to understand if an economy is accelerating or decelerating? What are the indicators that can guide us in this interpretation? One of the ways in which we can assess this situation is precisely the household consumption, which fundamentally refers to…
CREDIT CYCLES IN THE ECONOMY AND THE BRAZILIAN CASE
Credit cycles (or leverage cycles) represent moments in the economy of a country when families and companies get indebted, in order to invest or to spend in different segments, which ends up positively influencing the level of the general economic…
