The Fed to Decide the Oil Market’s Future
The oil prices rally and world central banks’ dovish monetary policy caused by the Covid-19 pandemic were the main reasons for current inflation growth…
GBP/JPY ending a corrective phase
2019-11-11 • Updated
GBP/JPY has been trapped in a bearish correction Since December 8th highs and now it’s testing the 200 SMA at H1 chart. Also, the pair has touched a demand zone established between the 50% and 65% levels at 150.18 and 149.21 respectively. If it manages to rebound above that area, the next target should be placed at the -23.6% level at 154.91.
RSI indicator remains in the neutral territory, calling for further sideways in the next hours before to make a decisive move.
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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...
