Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Hammer' under the Moving Averages
2019-11-11 • Updated
There's a possible bullish 'Hammer' under the Moving Averages. If this pattern confirms, the market is going to reach the closest resistance at 1.1429. A pullback from this level could be a starting point for a decline towards the previously tested support at 1.1345.
We've got a bullish 'Doji', but confirmation of this pattern is quite weak. In this case, we should keep an eye on the nearest resistance at 1.1429 as an intraday target. If a pullback from this level arrives little later on, there'll be a green light for another downward price movement towards 1.1345.
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USD: Powell Speaks on Cutting Interest Rates
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 ...
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...
