Trading plan for 10/04/2018
April 10, 2018 7:23 amVideo
Latest News
- Trading Signals for EUR/USD for May 3-5, 2024: sell below 1.0803 (overbought – 5/8 Murray) May 3, 2024
- Trading Signals for GOLD for May 3-5, 2024: sell below $2,320 or below $2,300 (21 SMA – 200 EMA) May 3, 2024
- Technical Analysis – GBPUSD advances above descending trendline May 3, 2024
- USD experiences day X May 3, 2024
- Bitcoin licks wounds as Fed comes on the rescue – Crypto News May 3, 2024
- GBP/USD: trading plan for the US session on May 3rd (analysis of morning deals). The pound is preparing to get out of the May 3, 2024
- EUR and GBP may drop May 3, 2024
- EUR/USD: trading plan for the US session on May 3rd (analysis of morning deals). US data will be the key moment of the week May 3, 2024
- USD/JPY: Simple trading tips for novice traders for May 3rd (US session) May 3, 2024
- GBP/USD: Simple trading tips for novice traders for May 3rd (US session) May 3, 2024
- Video market update for May 03, 2024 May 3, 2024
- EUR/USD: Simple trading tips for novice traders on May 3rd (US session) May 3, 2024
- Could the BoE adopt a more dovish stance on Thursday? – Preview May 3, 2024
- EUR/USD. May 3rd. Bulls don’t give up without a fight May 3, 2024
- GBP/USD. May 3rd. Bears are counting on a strong US labor market May 3, 2024
- Market Comment – Stocks enjoy Fed-induced bounce as dollar slips ahead of NFP May 3, 2024
- Weekly Forex Outlook: 03/05/2024 – BoE and RBA decisions headline a calm week May 3, 2024
- Week Ahead – BoE and RBA decisions headline a calm week May 3, 2024
- USD/JPY: trading tips for beginners for European session on May 3 May 3, 2024
- GBP/USD: trading tips for beginners for European session on May 3 May 3, 2024
The sentiment on the financial markets improves after comments from the US and China downplayed the risk of a trade war. Calming comments were perceived as supporting the risk appetite, which for the Asian session means a rally of currencies from the Antipodes at the yen’s depreciation. AUD / USD has been raised to 0.7730, and NZD / USD has jumped to 0.7330. USD / JPY rebounded from 106.60 to 107.15.
On Tuesday 10th of April, the event calendar is light in important data releases, but the global investors should keep an eye on Italian and French Industrial Production data, MPC Member Haldane Speech, Building Permits, and Housing Starts data from Canada and US PPI Index data.
SP500 analysis for 10/04/2018:
The impulse to improve moods was the speech of President Xi, who at the Boao forum appealed for a multilateral trading system and added that only dialogue is a way of resolving disputes. Earlier in the night, US Treasury secretary Mnuchin downplayed the risk of launching a trade war as well. This data allowed the global stocks to perform relief rally and all major global indices close positive.
Let’s now take a look at the SP500 technical picture at the H4 time frame. The recent rally has hit the technical resistance at the level of 264.70 and then the price was capped, so despite this advance, the bulls are still struggling to break through the level of 266.81 and fill the gap between the levels of 268.89 – 270.30. Only this kind of market behavior will allow the bulls to extend the rally higher towards the level of 273.42. Otherwise, sooner or later, the level of 254.64 will be tested again.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: