Recently COVID-19 made the markets unpredictable but to my understanding, EURUSD might be Bullish. --------------------------------- DISCLAIMER: This is NOT an Investment Signal, Trade at your Own Risk
GBPJPY - H4 chart - buy when the price retests 137.319 ---------------- 137.319 | Strong support
According to my Analyses, EURUSD will be short @ 1.1349 Area if it Breaks at 1.10834. ------------------- Market View; Downtrend --------------------- If the price retraces before reaching 1.11349 and pullback neatly then you can execute your trade Reminder; Always try your best NOT to rush to UNSTABLE Market.
To my personal conclusion, the market will be sell considering the; -- Rectangle chart pattern -- Descending triangle -- Head & Shoulders ** and if you observe too well the same pattern came up many times in the H4 chart dated back to September 2018 -- October 2018 & January 2019 -- March 2019 **** That makes strong both 1.32698 Resistance line 1.29145...
As EUR continues Declining due to many factors such as; Germany Locomotive decline & the Coronavirus. I don't think if its a good time to enter EURUSD although it hit the Dubbed "MACRON GAP" it's better we hold on until we get a clear picture of the Trend. Wishing you all Success!
it seems like the USDTRY could break the 6.99141 Resistance and Continue Bullish, based on my Forcast the USDTRY will be Bullish although interest rates were cut by 0.75% on 16/01/2020 Making the price fall to 5.80, I came to a conclusion that it will continue being Bullish probably to 6.1900 before it pullsback.
Considering the Strong Support the Currency came to its lowest weekly point this is a STRONG SUPPORT