AUD/USD formed an inverted "Head and Shoulders’ and is targeting 0.7815, 0.7840, and 0.7860.
USD/CHF may decline
Information is not investment advice
The USD had been a safe haven when it comes to the US-Sino trade war. However, the situation has changed: now investors worry that trade conflict will hurt the American economy more than expected and thus increase their bets for the Federal Reserve’s rate cut this year. As the CHF is considered as a stronger kind of safe haven, we propose a USD/CHF short trade.
The pair fell below the 50-day MA (1.0070) and the line connecting January and March lows. If it goes below the 100-day MA (1.0024), the target will lie at 0.9955 (200-day MA, 50-week MA, and the line connecting 2018 and 2019 lows).
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.
In the last three quarters of 2020, Morgan Stanley has been outperforming the forecasts. Will it happen the same for Q1'2021?
Johnson & Johnson will announce its earnings results for the first quarter on April 20 at 15:30 MT. Let’s get ready!
Ichimoku Kinko Hyo CAD/JPY: The pair is trading below the cloud…