Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
AUD/JPY Gains under Risk on Attitude
2020-09-28 • Updated
Ichimoku Kinko Hyo
EUR/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
Fibonacci Levels
XAG/USD: Silver has made a full correction but still struggles to stand above 23.6% retracement area.
US Market View
US stock markets are set to open sharply higher, helped partly by the lack of a killer punch in the NY Times’ tax disclosures but driven largely by what appeared to be bargain-hunting after four weeks of losses in the major indexes.
The major US cash indexes weakened last week, their fourth week of losses in a row. This selloff has largely been duplicated overseas, and companies are now seeing bargains to be snapped up. The New York Times released an in-depth expose of President Donald Trump’s tax returns, which showed that he paid only $750 in income tax in the year he was elected.
US Key Point
- UK PM spokesman supports that there are significant gaps but a Brexit deal still possible
- The GBP is the strongest and the USD is the weakest currency
Similar
Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
Latest news
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
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.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...