
What will happen? This week several important macroeconomic reports will be presented…
2019-11-11 • Updated
Trade ideas
SELL 20.10; TP 20.00; SL 20.13
BUY 20.30; TP 20.50; SL 20.25
USD/MXN had a very bullish August. The pair is currently testing the resistance line connecting the highs of 2017 and 2018 at 20.12. This is, of course, a very significant obstacle. Even though the USD is currently trading above this line, only a higher daily close will confirm a breakout. As a result, the return below 20.12 will open the way for a correction towards 20.00. Bullish trades will be less risky above 20.30. The target, in this case, will lie at 20.50.
What will happen? This week several important macroeconomic reports will be presented…
China may respond to US House Speaker Nancy Pelosi's visit to Taiwan with military provocations, including firing missiles near Taiwan or large-scale air or naval activities…
The bad news is that the US economy slowed for the second consecutive quarter in 2022, entering a technical recession.
Ford stock probably isn’t the first thing that comes to your mind when you’re looking for trade ideas…
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
The current situation is terrible, and the future is worse for the United Kingdom. Will the British pound withstand the challenges that await the UK economy, or will it collapse?
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