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...
A USD bullish trend for the months ahead seems very likely
2020-11-05 • Updated
Ichimoku Kinko Hyo
USD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a new bearish outlook.
Fibonacci Levels
XAG/USD: Silver achieves a full-time retracement. It is a very high probability scenario Silver to move even higher.
US Market View
US stock futures jumped on Thursday as investors bet that a Republican held Senate would block any moves by a Joe Biden administration to tighten regulation and raise taxes on corporate America, even as the presidential election remained too close to call. Biden had edged closer to victory in the race for the White House on Thursday after winning Michigan and Wisconsin, but Democrats appeared unlikely to win the Senate, potentially making it difficult for a Democrat administration to rein in Big Tech and other businesses.
USA Key Point
- The EUR is the strongest while the USD is the weakest
- ECB's Villeroy supports that French second lockdown to have less economic impact than the first
- European Commission cuts Eurozone 2021 GDP forecast to +4.2% from +6.1% previously
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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...
