Analytics and trading signals for beginners. How to trade GBP/USD on April 12? Analysis of Friday. Getting ready for Monday
Analytics and trading signals for beginners. How to trade GBP/USD on April 12? Analysis of Friday. Getting ready for Monday
The pound traded in a similar manner to the euro, but the downward trend remains for the British currency, not an upward one.
Forex Analyse & Reviews
What is next for Ripple's XRP?
XRP/USD has provided us a bullish signal after breaking the resistance of $1.06. This was noted in our last analysis with the cup and handle bullish pattern it had formed. Our target was $1.28-$1.33 and it has already been achieved and surpassed.
Bitcoin at major resistance close to providing new buy signal
Bitcoin was forming an inverted head and shoulders pattern as we explained in previous posts. Bulls need to break above the resistance at $59,000-$60,000 in order to activate the pattern. Yesterday price briefly broke out of resistance but soon after turned back below it. This false breakout is not.
Ethereum reaches our target from April 1st
On April 1st in our analysis we noted that our next target is $2,200 for Ethereum as price was recapturing $1,900. Yesterday price reached $1,197 just $3 from our target. Ethereum remains in bullish trend as price continues making higher highs and higher lows.
Litcoin confirms our bullish setup and makes new higher highs
In our previous analysis we noted that the back test after the triangle breakout in LTC/USD would be a bullish sign if prices bounced off the upper triangle boundary. Price is now trading at $259 having broken the $244 high made after the triangle break out.
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US National Intelligence Council: Digital currencies pose a danger to the dollar and other currencies
A serious document that shows that any digital money carries risks for fiat money, and, consequently, for the central bank and the state.
Trading plan for the EUR/USD pair for the week of April 12-16. New COT (Commitments of Traders) report.
Janet Yellen's week. The US Treasury Secretary did everything to ensure that the US currency resumed its decline.
Gold price finds it difficult to break above $1,755-60 horizontal resistance
Gold bulls have managed to recapture the $1,720-40 level and this was an important win for them in the battle to approach $1,800 again. Price has now stopped and has showed rejection signs at the horizontal resistance of $1,755-60.
USDCAD rejected at resistance
USDCAD is still inside the medium-term downward sloping wedge pattern. Price got rejected this week at the upper wedge boundary and resistance at 1.26 and is now trading at 1.2532. Price is vulnerable to a move towards the lower wedge boundary as long as price trades below 1.26-1.2650.
XRP/USD forms a cup and handle bullish pattern
XRP/USD is trading around $1. Price has formed a cup and handle bullish pattern. Now we are in the handle phase of the pattern and if price breaks above $1.06 we will have the activation of this pattern.
April 9, 2021 : GBP/USD Intraday technical analysis and trade recommendations.
Short-term outlook has turned into bearish after the GBP/USD pair could maintain movement below the price zone of 1.3820-1.3900 which corresponded to (61.8%-50%) Fibonacci zone.
The recent bullish trial for retesting should have given a valid SELL Entry as suggested in previous article.
April 9, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
Around 1.1690, a high probability bullish trade could be taken around it, a bullish pullback should be expected towards 1.1850.
The current bullish pullback towards the price zone of 1.1850-1.1880 should be considered for bearish rejection and a valid SELL ENTRY.
April 9, 2021 : EUR/USD daily technical review and trade recommendations.
Recently, as the price zone of 1.1700-1.1720 was being challenged, an upside pullback was expected to pursue towards 1.1840 which failed to provide sufficient bearish pressure.
The current Upside breakout above 1.1840 can enhance further movement towards 1.1990 where selling pressure maybe.
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