Trading plan for December 27
Find out how to trade EUR/USD and USD/JPY ahead of the CB consumer confidence release!
Tag - usd
EUR/USD: ideas for small trades
EUR/USD keeps trading with volatility but in a small range. There’s a very strong support level at 1.1310 (200-week MA).
Another opportunity to trade the USD
The level of American CB consumer confidence will be published on December 27, at 17:00 MT time.
News to trade on December 26
There is not so many news due to the Christmas celebrations, but some of the majors were affected. Read the news to find out the key to your trading.
Unpredictable Predictions 2019 by FBS
Everyone wants to know what to expect in the New Year…
Trading plan for December 26
Trade signals on December 26
USD/CHF: the franc is supported
On the daily chart of USD/CHF, the return of the pair towards the resistance near the parity level (1.00), will push the pair towards the targets of the 5-0, "Wolfe Waves" and AB=CD patterns.
USD/JPY: the greenback is weaker
On the daily chart of USD/JPY, bears managed to reverse the uptrend due to the implementation of the "Three Indians" and "Spike and Ledge" patterns' combination.
GBP/USD: the pound strengthens
On the daily chart of GBP/USD, bulls try to push the pair back within the triangle's borders and implement the "Wolfe Waves" pattern.
USD/CAD: the loonie plans the reversal
On the daily chart of USD/CAD, bulls managed to reach the 127.2% and 88.6% targets of the AB=CD and "Bat" patterns.
Evergreen buck heads south on Fed worries
On Wednesday, the evergreen buck slumped versus most of its counterparts, suppressed by a mixture of downbeat factors including heightened fears over a partial American government shutdown as well as tension between the White House and the country’s key…
Investing in 2019: which assets will outperform?
What will be the prevailing mood in 2019 and which assets will gain the most on the basis of it?
