Easy Forex Daily Forex Report 19-04-2013
April 19, 2013 10:15 amVideo
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- 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
AUD/USD session preview Thursday April 11th
Movements in the AUD are being dominatedmainly by the AUD/JPY cross and to a lesser degree by the strong uptrend in theNZD. The shock-and-awe tactics of the BOJ are still encouraging speculators to sellthe Yen and a technical break higher in AUD/JPY will have increased momentum.Today’s main risk event will be the Australian employment numbers and themarket is expecting no change in the 5.4% unemployment rate.
TECHNICALS:Very little change in the technical analysisoutlook with the daily chart still showing the same lack of momentum inside avery well-establishedtrend channelbetween 1.0100 and 1.0625 (seechart). The consolidation above 1.0500 has definitelystrengthened the short-term bullish outlook and favours a test of 1.0625. Solidsupport on the hourly chart is at 1.0350.
CROSSES: AUD/JPY has broken and closed above a previous weekly high at104.50 and the next target is trend highs from early 2008 at 107.90. Anymedium-term pullbacks now toward prior interim highs at 100.00 must beconsidered buying opportunities whilst intraday support is to be found at104.50.
EUR/AUD has pulled back quite sharply but Istill like the risk-reward in buying ahead of very strong technical support at1.2350 (see chart).
ORDERS& FLOWS: Very heavy buying of AUD/JPY wasreported on the break above 104.50 with most coming from speculative players.There are also barriers being protected in USD/JPY at 100.00 and this will bethe big level to watch during today’s trade.
INTRADAYCONCLUSION: The Australian jobs data will give theAUD some direction mid-morning and the danger side is to the topside withAUD/JPY buying the main driving force. Bulls will also be keen to test the topof the daily range near 1.0625. It’s hard to see even bad data driving the AUDmuch lower in short term.
TRADEOF THE DAY: Wait and see if the USD/JPY barriers at100.00 are breached and then look for intraday dips to establish long positionsin line with the dominant up-trend. Those who followed yesterday’s trade andsold EUR/USD above 1.3115 should book profits here at 1.3070 and look to repeatthe trade.
Good luck out there.
Forex trading involves substantial risk of loss, and may not be suitable for everyone.
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