US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
EUR/JPY: bouncing down again?
2020-12-09 • Updated
Since the beginning of December, EUR/JPY has been going sideways. The channel it is contained in has the upper side in the range between 126.50 and 126.65, and the downside 125.90-126.00. Both sides have already seen the price bounce off so the validity of this channel is pretty high. Currently, the price is in the middle of it, having reversed downwards once again.
In the mid-term, the current zone of the currency pair performance is the tactical high ground: EUR/JPY was there in the summer and descended to below 123.00-124.00. That means there is a high probability that EUR/JPY does the same again. That’s why watch the downside of the channel 125.900-126.00: if it gets crossed, very likely there will be further bearish movement.
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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...
