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GBPUSD Daily Forecast: April 10
The GBPUSD had a bearish momentum yesterday bottomed at 1.4683. The bias is bearish in nearest term testing 1.4633 or lower. Immediate resistance is seen around 1.4750. A clear break above that area could lead price to neutral zone in n…
USDJPY Daily Forecast: April 10
The USDJPY had a bullish momentum yesterday topped at 120.73. The bias is bullish in nearest term testing 121.00 – 121.50 area. Immediate support is seen around 120.35. A clear break below that area could lead price to neutral zone in nearest term testing 119.85 area. Overall I prefer a bullish scenario at this phase.
USDCHF Daily Forecast: April 10
The USDCHF had a bullish momentum yesterday topped at 0.9788. The bias remains bullish in nearest term testing 0.9870. Immediate support is seen around 0.9745. A clear break below that area could lead price to neutral zone in nearest term testing 0.9700 – 0.9675 but any downside pullback now is normal and should be seen as a good opportunity to buy.
EURUSD 60 Minute Chart Analysis
Hello traders great to be back with you for another analysis today we look at the EURUSD. I have to say I am amazed at this weeks pip production of this pair. I did some research of this and found that the average daily range for this pair over the last 4 weeks is 173 pips per day. Yesterday this pair moved over 160 pips six months ago we were looking at 70 pips per day. Well as you can see the chart we are pulling back and I hope it goes to the 38.2 Fibonacci level at 1.0690 and we get a bearish candle formation and we can continue to sell this. I would make note it is Friday and we will see profit taking at different times of the day. There is some data out today the data in the Asia session had no impact on the charts. I am doing this in Asia session so this is a good set up for the London open or an hour before. I have noticed the pairs are starting to make there move before the open almost 2 hours. Thank you traders and we will Talk Soon……. William
US Treasuries Lower, US Dollar Higher
US Treasuries Lower, US Dollar Higher US Treasury Complex Yield Curve Steepens 5’s, 10’s, and bonds all moved lower Thursday on better-than-expected continuing jobless claims and February wholesale inventories. At 01:00p EDT, the losses widened as the $13-B T-Bond auction was met with very weak demand Yield check: 2-yr: +2 bpts to 0.55% 5-yr: +5 […]
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Gold up trend in 1 hour
Trend is bullish in 1 hour time frame. The intraday support could be seen at the price level of 1178.37 level. Yesterday, the price of XAU/USD tried to rise sharply with a gap which looks like start of a bullish trend. As long as the flow of market rem…
EURUSD Daily Forecast: April 09
The EURUSD attempted to push higher yesterday topped at 1.0886 but whipsawed to the downside and closed lower at 1.0778. The bias is bearish in nearest term testing 1.0700 region. A clear break below that area could trigger further bearish scenario testing 1.0460 as we might have an “M” formation as you can see on my H4 chart below after the failure to break above the H4 EMA 200 resistance. Immediate resistance is seen around 1.0830. A clear break above that area could lead price to neutral zone in nearest term testing 1.0885 but overall I prefer a bearish scenario at this phase with sell on rallies strategy.
GBPUSD Daily Forecast: April 09
The GBPUSD attempted to push higher yesterday topped at 1.4971 but whipsawed to the downside and closed lower at 1.4865. The bias is bearish in nearest term testing 1.4750 but overall price remains sideways between 1.5000 – 1.4750 as you can see on my hourly chart below. Immediate resistance is seen around 1.4900. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. Buying around 1.4750 or selling around 1.5000 with a tight stop loss seems to be the best trading plan for now.
USDJPY Daily Forecast: April 09
The USDJPY was indecisive yesterday. Price attempted to push lower bottomed at 119.63 but whipsawed to the upside and closed higher at 120.12 and now testing 120.35 key resistance. The bias is bullish in nearest term especially if price…
USDCHF Daily Forecast: April 09
The USDCHF attempted to push lower yesterday bottomed at 0.9596 but whipsawed to the upside and closed higher at 0.9658. The bias is bullish in nearest term testing 0.9755. Immediate support is seen around 0.9620. A clear break below th…