Trading plan for 26/04/2018
April 26, 2018 7:21 amVideo
Latest News
- 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: trading tips for beginners for European session on April 16 April 16, 2024
The strength of USD remains the main trading theme of this week, even if overnight trading session brings modest rebound. EUR/USD remains well below 1.2180, USD/JPY stopped at 109.30. NZD continues to be the weakest, falling to 0.7060. Yields of 10-year US bonds this morning are at 3.0240 percent.In addition, the market participants still have several hours of calm trade waiting for the ECB decision.
On Thursday 26th of April, the main event of the day is the European Central Bank interest rate decision which is scheduled at 01:30 pm GMT. The other important data are Durable Goods Orders and Unemployment Claims from the US and Trade Balance data from New Zealand.
Crude Oil analysis for 26/04/2018:
Crude oil inventories grew last week by 2.17m bbl, or two times more than reported in the API report yesterday (1.1m bbl). Analysts’ forecasts, whose median showed a drop of 1.27 million barrels, turned out to be completely wrong. Petrol inventories increased by 884k barrels, while stocks of distillates dropped by 2.61m barrels. Today’s oil prices are rising again as speculation intensifies that the US will bring back Iran’s sanctions. Evidence of strong demand and declines in extraction in Venezuela are factors that help in growth. WTI oil grows by 0.5 percent. over 68.3 USD.
Let’s now take a look at the Crude Oil technical picture at the H4 time frame. The market is still trading close to the recent swing high at the level of 69.55. Nevertheless, the intraday technical resistance at the level of 68.46 has not been violated yet, so the rally might be capped around this level and consolidate further. The nearest support is seen at the level of 67.11, 67.11 (50% Fibo) and 66.86. The momentum is still hovering around its fifty level, indicating neutral market conditions.
The material has been provided by InstaForex Company – www.instaforex.com
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