EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/NZD falling inside the corrective wave (iv)
2019-11-11 • Updated
- EUR/NZD falling inside the corrective wave (iv)
- Next sell target - 1.6200
EUR/NZD continues to fall inside the minor corrective wave (iv) – which started earlier from the resistance zone lying between the key resistance level 1.6700 (which reversed the price with the daily Shooting Star at the start of September) and the upper daily Bollinger Band. The latest daily reversal from the resistance level 1.6700 created the daily Japanese candlesticks reversal pattern Evening Star Doji. EUR/NZD is expected to fall to the next sell target at the next support level 1.6200.
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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...