What are your views? AUDJPY and AUDUSD had broke out of this wedge which was expected for another leg down, but the market refuse to go down, so could S&P happen the same?
may due for a pullback if it bounces off from retracement level i think we will resume bulls
if price today or tml can recapture 2545 in a bullish manner we could see a rotation upwards to 2800 if it closed below, continuation, but my bias is upside since its down more than 30%.
Detailed analysis on price level on USOIL if $20.6 dont hold we can expect a $17/bbl
perfect break out of the descending triangle. full fibo level and retest on 0.382, price gap higher on - 0.272, -1.272 & + 0.618 is historical level on the Monthly chart im expecting to short around 1.4 level
next target 2500(-1) if it break then it will be 2130 (-0.618)
SGD have been pretty bearish due to coronavirus however things and situation have been stabilized with the extensive help from the government. we could see SGD strengthen and weakening in USD since the bull run for the past 2 week