Home Featured News What Did Yellen Do To The Market On Friday, A Quick Recap!

    What Did Yellen Do To The Market On Friday, A Quick Recap!

    0
    SHARE

    Yesterday, was awesome, the market moved in out favor with almost all pairs, let’s take a quick look :

    • EURUSD: The pair rebounded to our supply zone 1.1310/1.1365, then declined to 1.1179 levels.
    • GBPUSD: If you follow me on a daily basis, you should’ve known that GBPUSD is around reversal point 1.3235, so a corrective pullback is likely, even so, I wouldn’t short the GBPUSD, selling the EURUSD was much safer !!!
    • USDJPY: We’ve said the pair is vulnerable to the downside, but we’ve also said the pair still faces recovery threats…
    • USDCHF: We’ve expected at least a move to the 0.9732 levels but, the pair jumped through the 0.9732 levels, topped at the 0.9791 levels…
    • AUDUSD: The pair rebounded – exactly – to our entry at 0.7691 levels, then declined to 0.7550 levels, a few pips below our suggested target…
    • USDCAD: The pair declined almost 32 pips below daily chart support 1.2862, then jumped to 1.3010 levels, 20 pips above suggested resistance…
    • EURJPY: Despite the momentum indicators are pointing higher, but the pair still trapped in a consolidation pattern…
    • GBPJPY: The market moved in our favor , from 132.35 to 133.85 levels.
    • WTI Crude Oil: On Yellen’s speech, the commodity jumped to 48.68 levels, just 32 pips away from daily chart resistance at 49.00 levels, then reversed down to 47.50 levels…(still faces pullback threats)…
    • Gold : The precious metal, jumped to 1342, a little bit of our suggested entry at 1340 levels, then declined to 1318 levels…
    • Stocks: Unfortunately, Dow Jones & SP500 corrected lower a bit, but the Japanese Nikkei rebounded from support as we expected…

     

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here