What will happen? This week several important macroeconomic reports will be presented…
USD/ZAR is still in a range
2019-11-11 • Updated
SELL 15.05; TP1 14.95; TP2 14.80; SL 15.08
BUY 15.21; TP1 15.27; TP2 15.40; SL 15.18
Pay attention to the currency pair USD/ZAR. It has been consolidating between 15.10 and 15.50 since the start of August. All in all, the pair is in the area of resistance that limited the advance during the last few years. In the recent sessions, the pair has moved closer to breaking to the downside. The Awesome Oscillator on the D1 is falling. Moving Averages made a negative intersection on H4. The decline below 15.05 will open the way down towards 14.80. On the upside, the return above 15.20 is needed to allow the pair to recover to 15.27 (MAs on H4) and 15.40 (top of the sideways range).
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?