Both assets are moving in the same direction with a close correlation. I also have an article why you should own both Bitcoin and Gold. You can read it here: streetwisecrypto.com
The title says it all.
After 4 weeks of massive selling & liquidation, SPY managed to climb about 18%, but 30 minutes before the market close on Friday the bears took over and the weekly candle closed below the long term support. This indicates that the selling will continue this week and the market will test the lows.
After selling off in December, NOK has been the worst-performing currency in the G10 space. There has been a huge upwards move in USDNOK without any meaningful correction, so this is a pretty good opportunity to open a short position with a wide stop-loss.
It took 15 days for USOIL to lose all the gains in Q4 2019 and the price is right back at the 51 level, which was defended successfully 4 times.
AUDJPY has dropped 5% after the coronavirus outbreak. I am looking for a 2,5% to 4% move up to test the channel.
AUDJPY formed a nice bottom during August and made a higher low in October, setting the pair up nicely for a continuation rally next week, although any news about the trade war could end the current rally very quickly. Breaking 74,5 price barrier would trigger a new wave of buyers and a much bigger rally to 76 or even 77,5.
Clearly, the market is not buying the recent rally after the recent Brexit announcement. I am setting a limit order below the high GBPUSD made this morning and expect it fade the rally.
Hello fellow traders, I expect all major markets to trade RISK ON since the FED announced QE 4, ECB starting QE ETERNITY, which is EUR negative, Brexit deal was just announced and optimism over a trade deal between the United States and China has ebbed.