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Trading Support and Resistance
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of April 19, 2021.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of April 19, 2021 here.
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The Euro initially rallied during the trading session on Monday but then gave back the gains just below the one point to zero level to show signs of negativity.
The S&P 500 has rallied significantly during the course of the trading session on Thursday again, as the market has now broken above the 4150 handle.
The FTSE 100 rallied significantly during the trading session on Thursday to break above the 6900 level.
The British pound has tried to rally during the trading session on Thursday but continues to struggle with the 50 day EMA.
The German index rallied a bit during the course of the session for Thursday, as we are threatening the 15,300 level.
The Bitcoin market initially tried to rally during the course of the trading session on Thursday but gave back the gains to form a shooting star of sorts
The Australian dollar has rallied slightly during the trading session as we are looking towards the 0.78 level above.
The NASDAQ 100 has rallied a bit during the trading session on Thursday, reaching towards the 14,000 level.
Gold markets have broken significantly to the upside during the trading session on Thursday to break above the 50 day EMA and clear the $1750 level.
The West Texas Intermediate Crude Oil market has rallied again during the trading session on Thursday to continue showing bullish pressure.
For the second week in a row, the price of the EUR / USD currency pair continues to correct upward which is the closest to a breach of the psychological resistance of 1.2000.
Despite the better-than-expected results of the US economic data and the US Federal Reserve’s continued confidence in the future recovery of the largest economy in the world, the USD / JPY, continued to decline