AUD/USD formed an inverted "Head and Shoulders’ and is targeting 0.7815, 0.7840, and 0.7860.
EUR/USD can correct more
Information is not investment advice
EUR/USD fell below 1.1850 after reaching 1.1920 on Monday. The pair consolidated after the initial bearish move. This consolidation may turn out to be a bearish flag if the price moves below the support in the 1.1810/00 area. In this case, the pattern on the chart will become a “Head and Shoulders” opening the way to a deeper decline to the 1.1770/60 area (50-day Mam 50% retracement of November advance).
Trade idea for EUR/USD
SELL 1.1795; TP 1.1765; SL 1.1815
USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.
USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1.
Stocks of tech and auto sectors are in the focus of traders these days due to the global chip shortage. Let’s find out what is going on with chips and why it’s important for traders.
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
What are the first stocks that'll see their quarterly reports out? Let's check them out and prepare for some moves in the stock market!