Idea for this week. Technicals - Daily closed as strong bearish engulfing No significant levels in sight Price below EMA Price Action is Bearish 2nd Touch of Trendline (very reliable!) Fundamental, Boris Johnson announced he may consider extra covid-19 restrictions within the United Kingdom. This could support our trade. Comments appreciated :)
Short idea for this week. GBP major falls last week, and I think it will continue, all TF point to the downside, including weekly, daily, 4h. Price is heading for a major weekly support level in place since 2017. I think it could reach the first target of 1.90600 easily. Onwards to 1.89200 then.
I GOT THIS BULL RUN BY THE HORNS. WHO IS WITH ME?
Key levels for this week - 106.70 105.10 104.75 - Going into this week looking for bearish continuation - Any pullbacks towards key level will be used for new entries Weekly forecast/Sunday analysis highlights the overall market trend with key levels to get an idea of the best targets in the upcoming week(s)! Projection of the market with technical analysis...
Key levels for week ahead 1.35 1.3730 1.3865 - Overall market is in bullish structure but due to choppy market (potentially nice consolidation for continuation) will just let market breathe and show clearer signal for new entries. - If DXY analysis goes as planned this pair should do as well.
There has been a slight increase in price, but I'm not in a hurry to buy - quite possible this is a fake. Patiently waiting for the opening of the American market. Oil WTI and Brent have so far bounced off the bottom, but they don't smell like a reversal. There is a chance to go up to $ 8000-8200. But while I don't want to enter the market, the uncertainty is...
FX:USDMXN