EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 19, 2018

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Published: Apr 19, 2018, 08:24 UTC

EUR/USD The pair was extremely choppy during the Wednesday's session initially rallied towards the 1.2380 level but pulled back later in the day to test

Forex Trading Signals - December 20, 2017

EUR/USD

The pair was extremely choppy during the Wednesday’s session initially rallied towards the 1.2380 level but pulled back later in the day to test the 1.2350 level. This level has been both resistance and support level for the pair and may attract buyers. If it breaks below then it should fall towards the 1.21 level which is its next major support level. …Read More

GBP/USD

The British Pound turned negative during the yesterday’s session reaching down towards the 1.4175 level that has been supportive in the past. This is likely to be a minor blip in the overall upside momentum and is likely to continue move higher. The 1.43 level above is a resistance and once it breaks above then it should move much higher towards the 1.4350 level, and then the 1.45 handle after that. …Read More

AUD/USD

The AUD was extremely bullish during the Wednesday’s session as it received enough support from the gold market. The pair has got a strong support at the 0.7750 level and in the short term will continue to attract a lot of buyers. Once it breaks above the 0.79 level then next target will be 0.80 level. Any negative turnout of events involving China and US will have a major influence in this market. …Read More

USD/JPY

The USD pulled back slightly during the yesterday’s session reaching down towards the 107 level which is acting as a support. The Americans have bullish in the pair and is likely to continue moving higher reaching the 107.50 level and once it breaks above this level and 108 level then it will be free to go towards the 110 level. The 106.50 level is an important support level underneath and is unlikely to be broken. …Read More

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Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.