OANDA:EURUSD bounced off the lower channel with the help of Trump showing a nice reversal to the upside. Daily Timeframe View: The channel is still intact so the upper channel trendline is the next logical target from here. OANDA:EURUSD is also currently above the daily 50MA and the 4H 200MA so it might consolidate and even provide support before the next...
Political pressure no longer exists. JPY plunge a main priority for Abe now.
The term 'currency manipulator' should be useful for the US again to label China ;) Who will win this devaluation war? Absolutely no one when everyone is devaluaing their currency, and even US will probably not raise rates during December.
Here i have drawn in two sets of wave patterns , one red and one black, both suggest the market is overbought and it is due for a correction. I have also identified a bearish gartley pattern completed recently near the top of the market. The gartley pattern allowed me to name the red wave pattern as the accurate pattern because the gartley pattern suggests a...