Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
S&P500 in flirt with a new all-time high
2020-08-18 • Updated
Ichimoku Kinko Hyo
EUR/JPY: The EUR/JPY pair is now testing the upper level of the cloud. A successful attempt to exit the Kumo will signal a new bullish sentiment.
US Market View
Construction of the United States homes surged 22.6% in the previous month as homebuilders bounced back from the coronavirus pandemic since the beginning of the year.
The world’s largest sovereign wealth fund (Norway’s Pension Fund Global) reported $21B loss in the first 6 months of 2020.
Stocks rose today as the S&P500 attempted once again to surpass its previous record close back in February 2020, before the COVID-19 hit.
US Key Point
- Construction of the United States homes surged 22.6% in the previous month
- The world’s largest sovereign wealth fund
- S&P500 in flirt with a new all-time high
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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.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...