U.S. stock prices plunged dramatically on Monday as the number of coronavirus cases outside of China spiked, raising concerns that further global economic problems are yet to come.
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USDJPY – Down Technical Observation According to the hourly chart attached, USDJPY is currently in an active downtrend. the pair bounced off from the daily high 112.223, headed straight to the lowerside but could not go beyond 110.188, we expect the c…
GBPUSD – Flat Technical Observation Few days ago, GBPUSD established a daily low around 1.28487, and has currently retraced almost to the 38.2% fib level, 1.29849. Currently the price is at 1.29401, while it remains above the alligator indicator and a…
EURUSD – Up Technical Observation EURUSD is currently in an active up trend. The pair continued to the upper side and barely touched the 50.0% fib level before pulling back to the lower side, while the price is held above the Alligator trend indicator…
USDJPY – Down Wave Analysis Yesterday, the impulsive wave (iv) continued to the lower side but could not each our support set around 110.590, we are waiting for a clear sign that the corrective wave (iv) is ended so that we buy the last impulsive wave …
GBPUSD – Flat Wave Analysis Yesterday, Nothing much appears to have happened to this pair, instead, the cable closed just a few pips above the level 1.28450, we expect a possible continuation of the corrective wave (4) but should not go beyond 1.28400,…
EURUSD – Up Wave Analysis Yesterday, Euro continued to the upper side but could not break above 1.08718, we expect yesterday’s bounce from 1.08718 to have marked and end to the correction of both the impulsive waves (v) and (5) and hence the continuati…
Efforts by OPEC and its allies may keep the price of oil afloat if the group takes additional steps to rebalance the energy market.
USDJPY – Down USDJPY trading plan: We are expecting a bullish rally on the U.S. stock market which will have a positive impact on the value of USDJPY. U.S. Treasury yields reached their lowest since mid- 2016. Low Federal Reserve interest rates have a …
GBPUSD – Flat GBPUSD trading plan: British Prime Minister Boris Johnson’s Brexit team has been ordered to come up with plans to “get around” the Northern Ireland protocol in the Brexit withdrawal agreement. Officials in Taskforce Europe the prime minis…