EURUSD is bouncing from the ascending trend line on daily time frame supporting the bullish view on the short term.
SL should be placed under the 1.12 level.
ECB will announce its rate decision tomorrow, although the inflation and growth risk are skewed to the downside but Q1 data is weak and could make Mario Draghi express his concern about economy losing its...
The Chinese economy advanced 6.4% yoy in Q4 2018, after a 6.5% growth in Q3, matching market expectations. It was the lowest growth rate since the global financial crisis, amid intense trade dispute with the US, weakening domestic demand and alarming off-balance-sheet borrowings by local governments. Considering full 2018, the economy grew 6.6%, the weakest pace...
the pair broke the descending trend line drawn from jan 2018 on Nov 2018 and it bounced after retesting it.
from the economic perspective, if US and China reached a trade agreement soon the pair will gather more positive momentum targeting 0.7240 then 0.7390.
SL should be placed under 0.7000
GBPUSD is getting ready to a strong bounce as it shown on the chart also there is a bullish Gartley pattern in formation process supporting buying from the green area, a good re-enter also is from 1.3920 which represent 61.8% fibo.
fundamentally GBPUSD always goes up in April, check that on the monthly frame.
Thank you and goodluck
COINBASE:BTCUSD declined rapidly to the current support level which may provide some supports recovery attempts to 10k and beyond
breaking this level will increase testing fibo 61.8% probalitiy near 8,240
any close above that level could send the currency to 6,500
BTCUSD is heading to 9500 after rejecting from the descending channel upper line (first Target), breaking that level opens the way to 9100 where buyers may emerge.
long term investor should buy after stabilizing above 12k
on the medium term fibo 61.8% would be the last chance for buyers