On the H1, you can see that EUR/USD formed an inverted “Head and Shoulders” pattern.
Daily Market Analysis
Information is not investment advice
Market sentiment has worsened on the news about the conflict between the United States and Iran. One of the ways to trade in this environment is to sell NZD/USD.
The 2020 year has started and the direction of the markets is unclear especially due to the US-Iran tensions. Take a fast look at the major events that will determine markets’ direction in January 2020.
The New Year just started but risks are already in the arena. The global financial markets’ sentiment turned to be cautious. How the US-Iran tensions may affect markets.
Would you like to get the opinion of US millionaires? CNBC host the regular Millionaire Survey and found out what risks they expect.
Oil price in 2020 is one of the central discussions among the analysts. What it will be depends on the factors of influence, which we examine in the article.
NZD/USD has been performing really well since the start of December as it managed to break above the line connecting 2018 and 2019 highs.
Many say gold price has all the reasons to rise in the coming year. Will that be the case? Let's investigate together.
The upcoming year opens a new decade…
Currently EUR/NZD found some support around 1.6780 (78.6% of the July-October advance). The return to the 1.6825/60 area will likely provide selling opportunities.
Last week EUR/USD met resistance of the descending 50-week MA (currently at 1.1188).
The Parliamentary elections boosted the British pound to highs of March 2019. Analysts predicted the positive outcome if Johnson’s party takes the majority. But why analysts predict the fall of the GBP?