What happened? Japanese shares fell on Monday…
USD/JPY: 'Shooting Star' on the upper 'Window'
2019-11-11 • Updated
There's a 'Shooting Star', which has been formed on the upper 'Window'. So, it's lime for a downward correction. Meanwhile, if a pullback from the closest support happens next, bulls are likely going to test the 'Window' once again.
We've got a 'Shooting Star', which has been confirmed enough. In this case, the market is likely going to reach the nearest support at 110.57 within the next few hours. Also, the 34 Moving Average could act as support as well.
Similar
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
In a few days, primary Forex currencies will hear what their respective central banks think about the future - and we're about to trade it!
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...