Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
US Dollar Gains in a Low Volume Markets
2020-09-07 • Updated
Ichimoku Kinko Hyo
CHF/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Fibonacci Levels
XAG/USD: Silver is trying to touch the first zone of 23.6 % as bears gain momentum.
EU Market View
Asian equity markets began the week indecisively as the region reflected on Friday’s US jobs release and continued tech-related losses on Wall Street. Oil prices were pressured at the reopen after Saudi Arabia lowered oil prices to Asia and US customers for October shipments. Looking ahead, highlights from macroeconomic calendar include German industrial production, Eurozone Sentiment index, BoE's Haskel speech. Moreover, notice that US markets are closed for Labor Day.
EU Key Point
- Chief EU Brexit negotiator Michel Barnier is still "worried" about negotiations, which are deemed to be "difficult’’
- India Surpasses Brazil and has the world’s second-most virus cases; confirmed cases rise to 4.2Million.
Similar
Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
Latest news
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...