EUR/AUD formed a candlestick with a long upper shadow on the D1. The pair is currently testing levels below the 50- and the 100-period moving averages.
Bears keep playing with oil
Information is not investment advice
Oil prices remain under pressure. After Brent has broken the consolidation range to the downside and fell below 30.00, it got some support ahead of 27.00. At the same time, the Awesome Oscillator on the D1 formed a negative “saucer” signal. As a result, the odds are that the price will revisit lower levels, such as 25.00 (support on March 19-23). On the H1, the Moving Averages are already in the negative order. On the H4, 100-period MA provides resistance at 28.90.
Trade idea for Brent oil
SELL 26.70; TP 25.20; SL 27.05
To trade Brent with FBS you need to choose BRN-20M in MT4.
The pair is testing the key pivot level at 74.40
The US-Chinese relationship has been tense amid Trump’s governance, but if Biden wins, the situation may change. Let’s find out what it means for the Chinese yuan.
One US dollar buys almost eights Turkish liras now. May it be sixteen in another couple of years? Check the article to see why that is a possibility.