4. · Place the stop loss $ above the local swing high. Move the stop loss to break even once the trade is $ in profit by price. Take off 50% of the position as profit when the trade is $ in profit by price and leave the remainder of the position to blogger.com: Adam Lemon 4. 5. · EUR/USD remains confined in a range, flat-lined around mids. By FX Street Published: Apr 5, GMT | Last Modified: Apr 5, GMT FXStreet News. EUR/USD witnessed a subdued/range-bound price action on the first day of a new week. Concerns about the third wave of COVID infections weighed on the common currency 3. · Share ideas, debate tactics, and swap war stories with forex traders from around the world
EURUSD trading mid range-range in a narrow range (but above )
A sell-off in US bonds intensified again on Wednesday causing yields to pick up and tech stocks to take a dive for a second week, forex mid range. Bond yields had been rising steadily since the beginning of the year, with high-growth technology companies being hardest hit as their valuations were underpinned by low rates, making them highly sensitive to interest rate expectations.
The tech-heavy Nasdaq shed 3. Part of this move higher has to do with investors increasing bets that the Federal Reserve will be pushed into tightening its monetary policy as a response to rapidly increasing inflation, causing an increase in the cost of doing business and making stocks less attractive.
In Europe, equities are holding up slightly better as the market is made up predominantly of cyclical stocks that will eventually benefit from rising inflation from an increase in economic activity. The FTSE continues to revert to its mean within its Bollinger trading range, holding steady around the 6, area for the last few forex mid range sessions.
Current support remains around the The FTSE is likely to continue facing a lot of noise with a tendency to follow US equities, but I think it can continue to see a trend higher as long as it remains above the 6, area, forex mid range.
A break higher past the upper limit of the Bollinger bands seems unlikely given the current set up, but a slow-paced uptrend could continue to unfold in the next few days, at which point the 6, mark becomes the next target, forex mid range has been an area of strong resistance since the FTSE below it back at the beginning of January.
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Home Forex Holding Steady Mid-Range, Bond Yields Rise Again. March 5, forex mid range, Key Talking Points: Tech stocks forex mid range further declines as bond yields pick up momentum again FTSE continues to revert to its mean, bias tilts upward.
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Weekly Market Recap \u0026 Next Week's Outlook - April 30th 2021
, time: 1:03:45FTSE Forecast: Holding Steady Mid-Range, Bond Yields Rise Again
3. · Share ideas, debate tactics, and swap war stories with forex traders from around the world 3. 4. · Forex Update: As of , these are your best and worst performers based on the London trading schedule: ����CHF: % ����GBP: % ����EUR: % ����NZD: % ����AUD 1. · The 50% of the move down from the high this week (see hourly chart below) comes in at and the hour MA is currently at That area Author: Greg Michalowski
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