Not only EUR is Interesting This Week

By:

Published: Apr 25, 2017, 11:39 UTC

Gaps remain open. World stocks are on all time highs but on currency markets traders seems asking questions what is next?

Gaps remain open. World stocks are on all time highs but on currency markets traders seems asking questions what is next? Wasn’t that surge a bit exaggerated? Is it really based on the strong fundamentals?
EURUSD still stays above two important horizontal supports – down trendline and 1.084 but we do not have higher highs and lows today so the chance for a gap closing movement rises significantly. As long as we stay above those supports, the sentiment stays positive but buyers need to be extra careful here.

GBPUSD is still very high. Correction is very flat and is showing us that the buying pressure remains strong. Bullish continuation is very probable.
AUDNZD came back above the long-term neckline and the down trendline. In addition to that we had a bullish flag, which resulted with a breakout of the upper line. All that is positive and this sentiment should not be easily denied.

About the Author

Tomasz Wiśniewskicontributor

During his career, Tomasz has held over 400 webinars, live seminars and lectures across Poland. He is also an academic lecturer at Kozminski University. In his previous work, Tomasz initiated live trading programs, where he traded on real accounts, showing his transactions, providing signals and special webinars for his clients.