2019-11-11 • Updated
On the AUD/NZD daily chart, there is a rollback towards 61.8% from the wave 4—5 of the Expanding Wedge pattern. The failure of the Bears to keep quotes below the convergence zone 1.0507 – 10512 will tell us about their weakness and might lead to the development of the correction towards the long-term downward trend. In contrast, a fall of quotes below 1.0397 and 1.0377 will increase the risks of continuation of the downward rally.
On the AUD/NZD hourly chart, the rise of quotes towards 61.8% and 78.6% levels from the CD wave of the Shark pattern will allow the Bulls to restore the short-term trend.
The Reserve Bank of New Zealand surprised the markets again by refraining from raising interest rates a day after the country announced a nationwide lockdown due to multiple covid19 cases in the country…
Reserve Bank of New Zealand will likely deliver up to two interest rate hikes before the end of the year and many more news!
4H Chart Daily Chart The Reserve Bank of Australia decided to keep the current policy unchanged as widely expected…
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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