The trend line has been broken. The market has retested the high three times forming a head and shoulder set up.
EUR/USD has gathered bullish momentum after the European Central Bank's (ECB) policy announcements on Thursday and continued to stretch higher. Both euro area core inflation and economic surprises have continued to strengthen, making it easier for the European Central Bank to maintain a hawkish tone.
Bank of Canada announced that it left its policy rate unchanged at 4.5%, making it difficult for the Canadian Dollar to gather strength.
Market has been very rangy and very hard to trade this week as there was lack of real trend momentum.The USD/CAD has performed a bit bearish with a strong momentum down. At this point we will see a consolidation before a downtrend.
Given that the EUR/USD currency pair is far above simple moving averages, it is likely that the pair is in the overbought zone. Thus, a reversal south could occur in the medium term.
The only thing that we have as far as clarity is concerned right now is the 0.70 level, and the fact that it causes massive amounts of selling. That being said, if we were to break above that level, it is likely that the market will try to reach the 0.71 level, which breaking above there would be a “buy-and-hold” type of scenario.
The unprecedented stimulus bill approved will lessen the coronavirus pandemic’s human and economic toll. The bill will help things go back to normal.This is a bullish trap that will bring short relieve to the economy before fear strikes again as the number of coronavirus cases increases and the media spreading fear to the people causing a lot of panic and ...
Expect Dax to go below 13000 next week. The virus is under estimated. number of infected are rising. contining it is very dificulte and will take long time
This is an obvious bearish trend for retail traders to sell. The Market will try to trap the trader's and move in the opposite direction once the market has collected enough contracts.
Brexit will affect the performance of the both eur & gbp, so the coming days will be bulls for the dollars index, and we expect its spike soon before a bearish trend.
alert kinda....hehe. . . a year end reverse may be at 148.00...that pull back upwards yesterday hit 150 pips below the top.....after 5 days....and then headed down big time....kinda an alert, coz it does that everytime.. as posted before!!
DXY moving in a downward, with a small upward move, in a bearish trend
This pair will have more room to the downside than the upside
Area of Resistance potential sell pressure
This is my technical analysis on usdchf. Let's see how it plays out...
gbpjpy bounces of the previous low(resistance)
From a technical perspective, Bitcoin is likely to continue moving sideways between $11k and $10k.
This was last shot before collapse. The market is respecting the resistance