the Week of March 25, 2019. IG Client Sentiment Indicator. Further rally is expected as long.1368 minor support holds. Still, no break has shown as sellers pushed from resistance earlier this month to elicit a support test around the.
Forex and news correlation fed rates eurusd feder
Target potential exists.3361,.3325 and then again around the.3236-1.3259 zone. Fomc rate decision earlier this week. For the pullback approach, the area around 125.00 remains of interest.
Supposedly, the third wave iii of C is developing on the H4 time frame. In that case,.0629 key support will be back into focus. The bitcoin price day after that rate decision saw a decisive risk-on tone through global equity markets; but under the surface there were a few signs of concern, mainly with continued strength on bond prices, particularly on the shorter-end of the curve. Downside should be contained by support zone.1198 (2016 high) and.8 retracement.0629.2004.1154 to complete it and bring rebound. A break.2 key resistance is still expected in the medium term long term. Below, I look at three price action setups of interest as the end of the first quarter nears. With this in mind, the final week of Q1 awaits, and there may be some new themes for traders to work with after what was a strong showing for the risk-off trade to kick-off 2019. If the presumption is correct, the pair will continue to drop to the levels.1200.1120. Usdcad Four-Hour Price Chart Chart prepared by James Stanley USD Strength Strategy: Bearish nzdusd on Hold Below.6950 Similar to the above in usdcad but on the other side of the US Dollar, nzdusd caught a strong bid to rally up towards a big zone. Written by James Stanley, Strategist for m Contact and follow James on Twitter: @JStanleyFX. The current break-down saw prices shred right through this level, so a pullback with sellers responding to show resistance at this key area on the chart can re-open the door for bearish strategies. This can keep the door open for short-side swing-setups in the pair, targeting a re-test of the.6820 Fibonacci level at which point break-even stop moves can be investigated.
Its been a busy week across FX-land and, well, a number of other markets as well. Eurjpy Four-Hour Price Chart Chart prepared by James Stanley USD Weakness Strategy: Bearish usdcad on Hold Below.3470 In last weeks FX Setups, I looked at short-side usdcad setups on the basis of resistance around.3361-1.3385 and initial targets around.3236-1.3259.