Technical outlook and ideas for Forex pairs
We have outlooked several promising Forex pairs and the result can surprise you!
USD/JPY: upside is limited
Information is not investment advice
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days. The pair formed a higher low and may test resistance between 109.66 (38.2% Fibo, weekly MAs) and 109.78 (resistance line from January highs, 50% Fibo). However, concerns about the Chinese coronavirus will likely prevent the USD from getting over that resistance in the upcoming sessions, so we’ll consider the pair’s recovery as an opportunity to sell at higher levels.
Similar
Another EUR/USD Trade!
4H Chart Daily Chart We sent out a signal yesterday to long EUR/USD between 1…
New EUR/USD Trade
4H Chart Daily Chart EURUSD declined back yesterday after trying to test its 1…
Popular
British pound breakout soon?
Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
Indices and Stocks in the Red
The stock market has reversed, and now it’s going lower and lower…
Walmart earnings outlook
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Choose your payment system
