Euro recovery may be losing steam near 1.11 vs US Dollar Break of trend line support needed to confirm bearish turn Trader sentiment studies continue to argue for the upside

It’s been a month of extremes in global markets as a shocking and historically aggressive equity sell-off finally found some semblance of support this week. The US Dollar put in a strong rally as risk aversion was heating up in the middle of March, gaining as much as 8.8% over a ten-day-period. With the S&P 500 digging into support and the US Dollar tempering gains, both reactions to recentFOMC actions – the big question now is whether the worst is over or whether there’s more selling yet to come.

Bank of England announced on Thursday to hold interest rate at the record low of 0.1%. Policymakers noted that the central bank will closely observe the situation and take any further measures when necessary to prevent financial shrinkage. Chartered Bank noted that once public health emergency situation is improved, the British government’s response on the large scale should be able to quickly revive the economy, and in combined with strict containment measure similar to that taken by China and Italy, it’s expected that the pound will continuously rally. Pound has been among the G10 currencies with the least satisfactory performance year to date, falling 11% against US dollar so far. According to Chartered Bank’s assessment of fair price, the pound has dropped to a record low against dollar. GBP/USD daily pivot points 1.2001---1.2133 S1: 1.1907              R1: 1.2359 S2: 1.1615              R2: 1.2519

Canvasing opinions here. I've seen Mean Reversion strategies work for some time, and then more recently Trend Following has worked well since the spiking Volatility. What works during the period when volatility starts to fall?

AUD/USD Current Price: 0.6065 Wall Street edged sharply higher, keeping commodity-linked currencies up. Gold surged to a fresh weekly high of $1,643, retreated ahead of the close. AUD/USD at its highest in over a week near 0.6100.

S&P 500 Index, Dow Jones and Nasdaq surge on Wednesday as the US stock market benchmarks rebound for the second consecutive trading session. FOMC asset purchases and the Fed liquidity backstop, combined with hopes for a $2 trillion coronavirus stimulus package, likely fuels the recovery in stocks. The VIX and other cross-asset volatility benchmarks are starting to slide after spiking to levels not seen since the global financial crisis.

live chart of EUR/USD, what the trend will be?

The U.S. dollar has traded lower Wednesday, as currency investors take comfort in the agreement reached over a hefty stimulus package by the U.S., and look to get into currencies perceived as more risky.

Gold prices surged more than 11% off the lows with a three-day rally taking XAU/USD into the first major hurdle at downtrend resistance. The immediate advance may be vulnerable here but IF gold has turned the corner, losses should be limited to the weekly open. 

EUR/USD consolidates as the Federal Reserve ramps up its effort to support the US economy, but the exchange rate may continue to give back the advance from the 2017 low (1.0340) as the US Dollarbenefits from the flight to safety.

The US Dollar has been rallying across the board amid the coronavirus outbreak, especially against currencies from certain developing and ASEAN economies. For example, the Indonesian Rupiah is down about 16.68% against USD so far in March. That means that USD/IDR – after reaching its highest since 1998 – is heading for its most-aggressive rise over a month since the 1997 Asia financial crisis. 

This strategy is based on my script "AVERAGE MULTI_SMA" The strategy is based on the created media, giving BUY signal when the price closes above the average and the average is rising.

Natural Gas: If You’re Long, Be Afraid...Be Very Afraid.

NASDAQ Climbs 2.3% As Stocks Swing Back From Rough Start

forex index chart of today. what do yiu think?

In A Coronavirus World, Texas Thinks Less Oil Will Be Better.

Dramatic price action continues but in the other direction. Stocks and bonds have rallied strongly, and the U.S. US Dollar Index is snapping a strong advance with a sharp and broad setback. 

MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA.

The Japanese candlestick chart is considered to be quite related to the bar chart as it also shows the four main price levels for a given time period. So, what makes them the favorite chart form among most Forex traders?  The answer is that candles have a lot of qualities which make it easier to understand what price is up to, leading traders to quicker and more profitable trading decisions. Japanese candlestick charts are believed to be one of the oldest types of charts in the world. It was originally developed in Japan, several centuries ago, for the purpose of price prediction in one of the world's first futures markets. Below you will find a dissection of 12 major signals to learn how to use Japanese candlesticks.