Daily Forex Technicals | Written by Easy Forex
Euro 1.3485
Initial support at 1.3113 (Mar 30 low) followed by 1.3098 (50% retrace 1.2457 to 1.3739). Initial resistance is now located at 1.3592 (Mar 27 high) at followed by 1.3678 (Mar 24 high)
Yen 99.80
Initial support is located at 98.23 (Apr 1 low) followed by 97.23 (Mar 31 low). Initial resistance is now at 100.55 (Nov 4 high) followed by 102.41 (Oct 20 high).
Pound 1.4770
Initial support at 1.4241 (Mar 31 low) followed by 1.4112 (Mar 30 low). Initial resistance is now at 1.4778 (Mar 24 high) followed by 1.4915 (Feb 10 high).
Australian Dollar 0.7230
Initial support at 0.6857 (Apr 1 low) followed by the 0.6771 (Mar 30 low). Initial resistance is now at 0.7268 (Jan 7 high) followed by 0.7355 (Oct 7 high).
Gold 903
Initial support at 895 (Apr 2 low) followed by 883 (Mar 18 low). Initial resistance is now at 945 (Mar 26 high) followed by 966 (Mar 20 high).
Currency Sup 2 Sup 1 Spot Res 1 Res 2
EUR/USD 1.3098 1.3113 1.3485 1.3592 1.3678
USD/JPY 97.23 98.23 99.80 100.55 102.41
GBP/USD 1.4112 1.4241 1.4770 1.4478 1.4915
AUD/USD 0.6771 0.6857 0.7230 0.7268 0.7355
XAU/USD 884.00 895.00 903.00 945.00 966.00
DOW JONES INDEX
Today's support: - 7897.30(main), where a delay and correction may happen. Break of the latter will give 7852.50, where correction also can be. Then follows 7828.16. Be there a strong impulse, we would see 7796.30. Continuation will bring 7768.13 and 7743.56.
Today's resistance: - 8111.26 and 8136.70(main), where a delay and correction may happen. Break would bring 8150.60, where a correction may happen. Then follows 8187.37, where a delay and correction could also be. Be there a strong impulse, we'd see 8203.20. Continuation would bring 8222.36 and 8274.32.
FXtechtrade
Mataf.net
European Session
EUR/USD - Euro Dollar
1,3412. EUR USD is in a consolidation after the last bullish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,3500 (88 pips). The consolidation should continue.
Resistances 1,3500 - 1,3580
Supports 1,3350 - 1,3120
GBP/USD - British Pound Dollar
1,4689. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should continue to move in 1,4640 / 1,4770 range. If the resistance breaks then the target will be 1,4900 (211 pips).
Resistances 1,4770 - 1,4900
Supports 1,4640 - 1,4425
USD/CHF - Dollar Swiss Franc
1,1361. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in 1,1320 / 1,1495 range.
Resistances 1,1380 - 1,1495
Supports 1,1320 - 1,1170
USD/JPY - Dollar Yen
99,63. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 100,00 (37 pips). The consolidation should continue.
Resistances 100,00 - 100,50
Supports 99,00 - 98,40
by AceTrader Team
AceTrader 1-wk TRIAL
INTRA-DAY EUR/USD OUTLOOK - +1.3490+
As euro has risen after brief pullback, suggesting recent upmove remains in progress n gain twds 1.3496/00 is envisaged, however, a breach there is needed to retain bullishness for headway twds 1.35 25/30 later.
Buy with stop as indicated, break risks retracement to 1.3380/85...
Rate: +1.3490+
Strategy: +Target met+
Position: +Long at 1.3455+
Objective: 1.3490
Stop-Loss:
Resistanc 1.3496/1.3550/1.3538
Support: 1.3377/1.3323/1.3251
INTRA-DAY EUR/JPY OUTLOOK - +133.30+
Despite intra-day retreat to 132.44, current strg rebound suggests pullback fm 133.55 has ended there n consolidation with upside bias is seen but break of said res is needed to signal upmove has resumed to 133.90/93.
Buy again with stop as indicated, only below said sup wud risk stronger retrace. to 132.10/20...
Rate: +133.30+
Strategy: +Target met+
Position: +Long at 132.80+
Objective: 133.30
Stop-Loss:
Resistance: 133.55/133.93/134.50
Support: 132.44/131.90/131.50
INTRA-DAY EUR/USD OUTLOOK - +1.3325+
Euro's rebound after finding renewed buying at 1.3251 suggests nr term rise fm y'day's 1.3166 low has resumed n gain twds 1.3330 is seen, however, as broad outlook remains consolidative, upside wud be ltd to 1.3343.
Turn long on dips with stop as indicated, only below said sup wud signal top is made, 1.3224...
Rate: +1.3325+
Strategy: +Target met+
Position: +Long at 1.3285+
Objective: 1.3325
Stop-Loss:
Resistance:1.3343/1.3383/1.3410
Support: 1.3251/1.3224/1.3166
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