The main driver for markets will continue to be COVID-19 news, which will still influence the overall risk sentiment of global markets. Liquidity and volatility indicators will also remain important trading factors. In terms of macroeconomics, this week the U.S. will publish the NFP Labor Market Report and ISM Productivity Index. The results of these reports will already include the catastrophic impact of the coronavirus. EUR/USD, 30 min Pivot: 1.1020
Tesla (TSLA) operations disruptions caused by the Covid-19 pandemic could be detected next week if an electric vehicle manufacturer reports expected delivery figures for the first quarter, which could lead to sharp fluctuations in Tesla inventory. Historically, Tesla reported quarterly shipments somewhere in the first week after the end of the last quarter. On March 23, Tesla began stopping car production at its only automotive plant in the United States, in Fremont, California, to slow coronavirus proliferation. Tesla, H4...
The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position 1.7500 Take Profit Level: 1.7600 (100 pips) If the price rebound from resistance level, you should follow the recommendations below: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position 1.7340 Take...
The main factor of pressure on the dollar is the news about the launch of the Fed unlimited program QE. Supporting stock markets and putting pressure on the dollar is the Senate's adoption of a bill on a $2 trillion economic assistance program. EUR/USD, 30 min Pivot: 1.1080
The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position 1956.00 Take Profit Level: 2000.00 (4400 pips) If the price rebound from resistance level, you should follow the recommendations below: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position 1866.00...
