empty
 
 
13.04.2020 06:50 AM
Hot forecast and trading signals for EUR/USD, GBP/USD and USD/JPY for April 13

EUR/USD H1.

This image is no longer relevant

On the hourly chart of the euro/dollar pair, the resistance line (red) with three rebounds from it, as well as an upward channel, which indicates an upward trend of intraday can be seen. Thus, several trading signals are possible at once today.

1) A rebound from the lower line of channel C will allow you to trade for an increase to the Senkou Span B line – 1.0974 on the 4-hour chart.

2) Consolidating quotes above the Senkou Span B line (1.0974) will allow you to open buy positions with the goal of the upper line of the ascending channel (approximately in the area of the level of 1.1040).

3) Consolidating quotes below the ascending channel will allow you to open short positions with the goal of the Kijun-sen line – 1.0868 on the 4-hour chart.

GBP / USD H1.

This image is no longer relevant

On the hourly chart of the pound sterling, we have an upward trend line (yellow), which the pair managed to break through today during the Asian trading session. We also have a strong resistance area (1.2471 - 1.2485), from which the pair has already rebounded for five times. Thus, today, traders have the following trading options:

1) Confidently breaking through the resistance area of 1.2471 - 1.2485 will allow you to open pound sterling purchases with the goal of resistance level – 1.2567 on the 4-hour chart.

2) Another rebound from the area of 1.2471 - 1.2485 will allow you to trade lower with the goal of the Kijun-sen line – 1.2328 on the 4-hour chart.

USD / JPY H1.

This image is no longer relevant

For the dollar/yen currency pair, we have the following intraday options for April 13. A strong downward trend indicates a continued downward trend. Now, breaking through the small trend line (yellow) provoked the continuation of the downward movement. The signal was formed tonight but it is not too late to develop it. There are almost no obstacles on the way to the level of 1.0700. Thus, today, we have such options for trade transactions:

1) Selling the US currency with the goal of the support area 107.03 - 107.12 can be considered, since the pair has already consolidated below the area of 108.22 - 108.31 and the trend line.

2) Buying a pair with the goal of the Senkou Span B line – 109.30 on the 4-hour chart can be considered, if there is a sharp upward reversal and consolidation above a strong downward trend line.

There are no important macroeconomic events planned so far.

The fundamental background can be studied in this article.

Paolo Greco,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback