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The most important trading opportunities for currency pairs and gold - 16 April 2019

On Tuesday, markets and investors in the Forex market will monitor the reaction from the announcement of the British jobs reports, such as the announcement of the average wage, the rate of change in the number of jobs and unemployment rate, and the announcement of the ZEW index of German economic and industrial production. This is in addition to the developments of negotiations to resolve the trade dispute between the United States and China and the future of the Brexit after postponement of its deadline until the end of October.

To monitor the results of these important data, follow the unique economic calendar of the site from the following link: economic calendar

 

In the following lines we will review together the most important trading opportunities for the selling or buying of the most important pairs of currencies and gold, which may occur during trading today based on the expected events and economic data:

The most important buying levels: buy EUR/USD from 1.1245, target 1.1400, and stop at 1.0100.

Buy gold from level 1284 and target 1312 and stop at 1280.

Buy the GBP/USD pair from the 1.3000 level, targeting 1.3265 and stop at 1.2065.

Buy the USD / CAD pair from 1.3275, target 1.3500 and stop at 1.3200.

Main Selling Levels: Sell EUR/JPY from 127.20, target 125.00 and stop at 127.70.

Sell the AUD / USD from the 0.7200 level, target 0.7000 and stop at 0.7265.

Sell the USD / CHF from 1.0090, target 0.9945 and stop at 1.0135.

Sell the EUR / USD from 1.1365, target 1.1170, and stop at 1.1000.

Adam Lemon
About Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.

 

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