US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
USD/JPY: supported by the NFP
2020-05-08 • Updated
The NFP numbers were better than expected: 20.5mln jobs were cut against the 22mln estimate, with a 14.5% unemployment rate beating the forecast of 16%. As scary as they are, these figures are the best possible scenario, and the USD/JPY took that as such.
From the support at 106.33, the currency pair rose straight to 106.64, breaking the resistance of the 100-MA and 200-MA. The latter will likely serve now as a support level at 106.60 checking how firm the USD/JPY established itself at a higher base. If the market receives further positive news, it will likely push the USD/JPY back down in favor of riskier inclinations of investors.
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US100: Consolidated and preparing correction below 18100. Key levels on H4!
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
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WTT: Currency Pairs To Trade In April
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.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
