EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 26, 2017

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Updated: Apr 26, 2017, 09:41 UTC

EUR/USD The pair has been moving higher and higher on the back of general risk on tendency in the markets that has been seen since the beginning of the

EUR/USD

The pair has been moving higher and higher on the back of general risk on tendency in the markets that has been seen since the beginning of the week after the French elections showed that the business and euro friendly Macron had won the election and looks poised to win the run off on May 7 as well. The pair now targets the 1.10 region during the short term. …Read More

GBP/USD

The pair fell during the early half of the day yesterday but was well supported by the 200 EMA and it is now in a consolidation phase looking to consolidate the gains that it had made over the last week. We believe that the market will eventually break up to the topside in the short term and then begin to target 1.3430. …Read More

AUD/USD

The commodity currencies suffered a setback over the last 24 hours and this has affected the AUDUSD pair as well. But looking at the overall picture, the pair continues to be in a consolidation phase and the choppy trading that has been seen in this pair makes it difficult to trade at this point of time. …Read More

USD/JPY

The pair continued to make serious headway over the last 24 hours as the investors continue to increase their appetite for risky assets following the positive results, as far as the market is concerned, over the weekend from the French elections. …Read More

About the Author

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.