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Posted on Apr 19, 2020 at 06:44 PM
Views: 4681
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.
BIAS: BEARISH CONSOLIDATION.
EUR/USD:Pair is currently bearish, selling from 1.0890 with nearest Support at 1.0810/20.
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.
BIAS: CONSOLIDATION.
EUR/JPY: Excellent Bear market & still Selling. Key resistance is 117.30 & nearest Support is at 116.60
BIAS: BEARISH.
Price Waits For No One! Join the trade now!
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Got any questions on the forecast or our services? Be sure to leave them in the comment below.
