Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
USD: risk is making its way in?
Information is not investment advice
The economic background is still pretty heavy these days. The WHO warns that the worst is still to come in relation to the virus, and world state authorities are lowering their expectations of the economic output of their respective countries. Nevertheless, the risky mood doesn’t want to stay neglected juts because of the dire reality and makes its way into the stock and Forex market. While the former starts this week with a gain, the latter sees a weaker USD across the board.
AUD/USD
The Aussie, a primary marker of risky market inclinations, is testing the resistance of the mid-term sideways channel that was containing it since the middle of June. If the trend stays, it will soon challenge the 6-month high set by the same June performance.
GBP/USD
The British pound shows a similar trajectory to the one of the AUD but with stronger fluctuation and deviation from the main trend. After declining most of June, it is now looking upwards at the resistance of 1.2540.
EUR/USD
The euro gives a stronger performance against the USD and seems to be confident with its higher lows than with its bullish spikes during the last 2 weeks. That pushes to the idea that if the mood persists throughout the week, it will cross the upper border of the trend and come to test 4-moths highs made in June at 1.1380.
Similar
EURGBP rose on dovish BoE
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
The highlight for markets today will be the FOMC meeting
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is now trading within the cloud…
Popular
What to trade on May 16-20?
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
Swiss Franc is About To Reverse
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
China Shatters World Economy
A four-day lockdown turned out to be two months of complete isolation. Factories are frozen, supply chains are under heavy pressure, and the future is gloomy. Find out how to trade in times of crisis in this article!
Choose your payment system
