Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
US Stocks Open Mixed
2020-10-13 • Updated
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
Fibonacci Levels
XAG/USD: Silver stands below 23.6% retracement area and seems that sellers gain momentum.
US Market View
US stocks are seen opening mixed Tuesday, with the tech sector outperforming ahead of important news from Apple and Amazon, while investors also wait for earnings from the key banking sector. Tech giants Apple and Amazon led stocks higher on Monday and they will be front and center again Tuesday, as the market awaits their most important events of the year: the unveiling of the next line of iPhones and the annual Prime Day marketing event.
US Key Point
- EU must increase pace and creativity to get a Brexit deal
- EU's Barnier says not enough progress made yet to enter the tunnel
- Pelosi says Trump's latest offer on stimulus falls significantly short
- EUR/USD consolidates above and below the 100-hour MA
Similar
Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
Latest news
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...