S&P 500 forecast for the coming week of 13 May 2019

S&P 500, even though dipped as a result of the raising of tariffs to 25% on Chinese goods to USA, it shrugged off and rebounded on Friday and formed a hammer. Thursday's candle was also a hammer. In addition to that, we can also notice the high volume on those two

EURUSD Trading Idea for the coming week of 6th May 2019

Last week, as expected, EURUSD rallied as expected due to the weakness of USD. However, on Wednesday, the rally was halted and higher prices were rejected with a massive shooting star on Wednesday's close of the daily candle. However, the move to the downside could not reach the previous low, and

AUDUSD Trading Idea for the coming week of 29-April-2019

AUDUSD fell hard last week partly due to USD strength and largely on Wednesday due to weak CPI data from Australia. However, AUDUSD formed a hammer on Thursday on daily chart and on Friday bounced upwards, confirming the support present at 0.70 level. The bounce up on Friday is due to

EURUSD trading idea for the coming week of 29-April-2019

Last week EURUSD broke below a major support level of 1.1200. This level has been important for quite some time and the pair has bounced from the area many times this year. By breaking below 1.1200, the risk is to the downside. However we also must consider that US Dollar Index