Day: 26 February 2020

EUR/USD about to dive?

Leave a Comment / Latest Research, Technical Trade Ideas / By Fawad Razaqzada / 26th February 2020 28th February 2020 / EUR/USD, FX

The EUR/USD has been creeping higher over the past few days, after a big drop in early Feb. But this appears to be a dead cat bounce. The hourly chart shows price failing to hold above old highs, where it has just created a rather large bearish engulfing candle. If I am reading this correctly, …

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Gold about to turn lower again?

1 Comment / Latest Research, Technical Trade Ideas / By Fawad Razaqzada / 26th February 2020 26th February 2020 / Commodities, Gold, trade idea

With risk assets rebounding off their lows this afternoon, safe-haven gold, which has stopped going higher over the past couple of days, could turn lower soon. If it does, this is one of the ways to potentially trade it short: This is somewhat similar to the short gold trade that was taken on Tuesday, which …

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