All Blog Post

Posted on Apr 19, 2020 at 06:44 PM
Views: 4681

Share on social media:

Weekly Forecast For (20th-24th April)

While the global lockdown persist, the economic impact remains heavy on the Forex market leading to an increased liquidity. This means as a Forex trader, you can ride on the trends to make more money, while we wait!

We have analysed 4 powerful pairs that you should consider this week. To trade them pay attention to the direction and key support levels, so that you can enter early and get as much profit as you can.

 

GBP/USD:The Bull run seems to have ended in a major consolidation. 1.2520 is our key Resistance & 1.2410 is our Support. Trade in the Range.

GBP-USD-April-Wk4

BIAS: BEARISH CONSOLIDATION.

 

EUR/USD:Pair is currently bearish, selling from 1.0890 with nearest Support at 1.0810/20.

 Eur-USd-April-Wk4

BIAS: BEARISH.

 

USD/CAD: Price is falling from 1.4050 & closest Support at 1.3950. This may lead to an extended Consolidation before any clear breakout.

USDCAD-April-Wk4

BIAS: CONSOLIDATION.

 

EUR/JPY: Excellent Bear market & still Selling. Key resistance is 117.30 & nearest Support is at 116.60

Eur-Jpy-April-Week-4

BIAS: BEARISH.

Price Waits For No One! Join the trade now!

Don't be a spectator this week, when you've got all the information you need to trade and earn this week. Click here to replenish your trading account and get into the market early!

 

Not Yet in the InstaFxNg Community?

Get in now to access the reward and support that you deserve! We won't just send you useful tips like this, you'll get to earn extra rewards as you trade the markets daily!

To become a member all you need to do is create your InstaForex account right here on InstaFxNg Click here to get started now

 

Got any questions on the forecast or our services? Be sure to leave them in the comment below.

 


Share on social media:


Latest News