EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
Oil is sinking fast
Information is not investment advice
WTI oil went down below the important daily Moving Averages and slid below the 38.2% Fibonacci retracement of the 2018-2019 advance at 57.30. There are lower levels where the price may go: 54.40 (50% Fibo) and 52.95 (200-week MA). the outlook will remain bearish as long as the price stays below 57.30.
The commodity is hurt by the uncertainty about the US-China trade tensions and the future of global oil demand for the rest of the year. In addition, American oil inventories remain near a 22-month high.
Notice that to trade WTI, you need to choose WTI-19N in your MetaTrader.
Elizabeth Belugina
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EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
Will GBP/CHF use its chance?
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.
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