Stocks and triangle patterns
We love triangles because they're easy to spot and predict possible price moves. Do we have any in the stock market?
Appetite for risk returns slowly but steadily
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
Fibonacci Levels
XAG/USD: Silver after still is struggling to move above 23.6% retracement area.
US Market View
The U.S. Congress passed the $900 billion coronavirus relief bill, sending it to President Donald Trump for its signature into law. In addition, the Senate also passed a $1.4 trillion spending bill that will keep the government funded through September.
U.S. stock markets are set to open mixed after a surprisingly resilient performance on Monday, when the sight of the country’s banks gearing up to resume stock buybacks calmed fears about a fresh surge in the pandemic from the new strain of Covid-19 virus detected in Europe and Africa.
Crude oil prices edged down again in quieter trade overnight, after a bruising drop on Monday in response to fears that the discovery of a new strain of Covid-19 virus could lead to wider and longer lockdowns in the new year.
USA Key Point
- The CHF is the strongest and the NZD is the weakest
- US consumer confidence highlights a lively economic calendar
- European Commissioner recommends re-opening essential travel with UK
Gerasimos Papagiannis
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US dollar once more is weakening further drop seems likely
Fibonacci Levels XAG/USD: Silver continuous to stand above 23…
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Oil surged amid soft dollar
Oil is edging higher due to the overall risk-on sentiment and a weaker US dollar. Jump in to get the tech tips!
Stocks and triangle patterns
We love triangles because they're easy to spot and predict possible price moves. Do we have any in the stock market?
Euro further strength is ahead
Fibonacci Levels XAU/USD: Gold facing a further consolidation above 23…
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