Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
Dollar keeps firmer
2020-09-24 • Updated
Ichimoku Kinko Hyo
NZD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Fibonacci Levels
XAG/USD: Silver plunges below $22 and it seems that bears have the control of the market now. Recently it seems that buyers will struggle a lot to move markets higher.
EU Market View
Asian equity markets were lower on spill-over selling from peers on Wall St; Hong Kong underperformed. Looking ahead, highlights from the macroeconomic calendar include SNB, ECB Economic Bulletin, German Ifo, Fed's Powell, Williams, Kaplan, Bostic, Barkin, Evans, Bullard, Norges Bank's Olsen, BoE's Bailey speaks.
EU Key Point
- The dollar keeps firmer ahead of European trading
- $JPM set to pay $1B in record spoofing penalty
- BOJ minutes - policy Board says yet again it will ease further if needed
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...