Daily analysis of major pairs for April 19, 2017
April 19, 2017 12:26 amVideo
Latest News
- Will the euro manage to save itself? April 17, 2024
- Analysis for GBP/USD on April 16th. The pound should not count on support from Powell April 16, 2024
- Analysis for EUR/USD on April 16th. The southern trend has been put on pause for correction April 16, 2024
- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- Trading Signals for GBP/USD for April 16-18, 2024: buy above 1.2405 or 1.2450 (21 SMA – 0/8 Murray) April 16, 2024
- EUR/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- AUD/USD: Australian dollar remains under pressure April 16, 2024
- GBP/USD: trading plan for the US session on April 16th (analysis of morning deals). The pound was quickly bought back around April 16, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 16-18, 2024: buy above $62,500 (4/8 Murray – 21 SMA) April 16, 2024
- Technical Analysis – USDCAD blossoms ahead of central bank speeches April 16, 2024
- EUR/USD: trading plan for the US session on April 16th (analysis of morning deals). Fewer people are willing to sell euro April 16, 2024
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
- Euro, sterling extend weakness April 16, 2024
- GBP/USD. April 16th. British statistics didn’t capture traders’ attention April 16, 2024
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
EUR/USD: The EUR/USD pair has
already generated a “buy” signal, owing to the bullish effort that was
witnessed yesterday. The EMA 11 is above the EMA 56, and the Williams’ % Range period
20 is in the overbought region. Price would go further upwards, reaching the
resistance line at 1.0750, although the ultimate target is at the resistance
line at 1.0800.
USD/CHF: Since USD/CHF has
its movement pegged to EUR/USD in the opposite way, price of USD/CHF normally
went south once EUR/USD rallied. The EMA 11 is below the EMA 56, and the
Williams’ % Range period 20 is in the oversold region. Price has dropped at
least, 90 pips this week. It is below the resistance level at 1.0000 and going
towards the support level at 0.9950. Needless to say, a movement below the
resistance level at 1.0000 shows that the recent bullish bias is over.
GBP/USD: The GBP/USD pair moved upwards by 350 yesterday, testing the distribution territory at 1.2900. The significant movement has already confirmed the extant bullish outlook on the market, and the target for this week has already been surpassed. Price would go on to target another distribution territory at 1.3000 before the end of this week.
USD/JPY: This pair came down a
bit on Tuesday. There is a huge Bearish Confirmation Pattern on the 4-hour
chart. Since the outlook on JPY pairs is bearish, the USD/JPY pair also could be
seen going further and further southwards, reaching the demand levels at 108.00
and 107.50.
EUR/JPY: This cross rallied by
more than 160 pips on Tuesday. This could be taken as a rally in the context of
a downtrend, which cannot be rendered invalid until the supply level at 117.00
is breached to the upside. The demand
zones at 116.50, 116.00, and 115.50, may be tested again as price goes south
again.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: