Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

Forecast for April 6:

Analytical review in H1 scale:

Exchange Rates 06.04.2020 analysis

For Gold, the main key levels on the H1 scale are: 1672.88, 1659.04, 1639.16, 1623.60, 1599.81, 1587.28 and 1567.91. Here, we are following the formation of a local ascending structure from March 31 (the main long-term trend is developing from March 16). Short-term upward movement, as well as consolidation, is expected in the range of 1623.60 - 1639.16. The breakdown of the latter value will lead to a pronounced movement. Here, the target is 1659.04. For the potential value for the top, we consider the level of 1672.88. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.

Short-term downward movement is possibly in the range of 1599.81 - 1587.28. The breakdown of the last value will lead to the development of a downward structure. In this case, the first goal is 1567.91. We expect the initial conditions for the downward cycle to be formed to this level.

The main trend is the local structure for the top of March 31.

Trading recommendations:

Buy: 1623.60 Take profit: 1639.00

Buy: 1640.00 Take profit: 1659.00

Sell: 1599.50 Take profit: 1588.00

Sell: 1585.00 Take profit: 1569.00

Exchange Rates 06.04.2020 analysis

For Oil, the main key levels on the H1 scale are: 34.46, 32.48, 29.64, 26.51, 25.20 and 23.46. Here, we are following the formation of medium-term initial conditions for the top of March 30. The continuation of the movement to the top is expected after the breakdown of the level of 29.64. In this case, the target is 32.48. Price consolidation is near this level. For the potential value for the top, we consider the level of 34.46 from which we expect a departure in the correction.

Short-term downward movement is possibly in the range of 26.51 - 25.20. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 23.46. This level is a key support for the top.

The main trend is the formation of a medium-term upward structure from March 30.

Trading recommendations:

Buy: 29.70 Take profit: 32.40

Buy: 32.50 Take profit: 34.40

Sell: 26.50 Take profit: 25.20

Sell: 25.10 Take profit: 23.80

Exchange Rates 06.04.2020 analysis

For Silver, the main key levels on the H1 scale are : 15.31, 15.09, 14.81, 14.57, 14.22, 14.03 and 13.74. Here, we are following the formation of a local ascending structure from April 1 (the main long-term trend is developing from March 18). The continuation of the movement to the top is expected after the breakdown of the level of 14.57. In this case, the target is 14.81. Price consolidation is near this level. The breakdown of the level of 14.81 should be accompanied by a pronounced upward movement. Here, the goal is 15.09. For the potential value for the top, we consider the level of 15.31. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.

Short-term downward movement is possibly in the range of 14.22 - 14.03. The breakdown of the last value will lead to the formation of a downward structure. Here, the first potential target is 13.74.

The main trend is the local structure for the top of April 1.

Trading recommendations:

Buy: 14.57 Take profit: 14.80

Buy: 14.82 Take profit: 15.07

Sell: 14.22 Take profit: 14.04

Sell: 14.01 Take profit: 13.75

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Daichi Takahashi,
Analytical expert
InstaForex Group © 2007-2020
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.