Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: pair to test the 34 Moving Average
2019-11-11 • Updated
There're bullish patterns such a 'Tweezers', a 'Doji" and an 'Engulfing', which all have been confirmed. So, the pair is likely going to test the 34 Moving Average. The following pullback from this line will lead to a decline towards another support at 1.1400.
The last bullish 'Harami' and 'Tweezers' patterns set up an upward correction. Meanwhile, there's a bearish 'Harami' as well, so we should keep an eye on the nearest support at 1.1473 as a possible departure point for a bullish rally in the direction of the next resistance at 1.1566.
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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...
