UPDATE No #37 11.04.2021
GREETING TO ALL MY FRIENDS
Hello everyone,. I stand on the front line of the market every day and bring you the latest operational ideas and strategic points. I hope I can help everyone, and I hope that your investment journey will be smooth Today Market Has closed and Boring Time Start friend thank you for your visit in my trading journal On Friday the US dollar failed to rebound further and turned to the downside. The US dollar index once broke the 92 mark in intra day trading. Africa and the United States have moved higher. Gold broke through the 50-day moving average to test the double bottom neckline near the level of 1755. The yen and the Swiss franc rose sharply, with the highest gains. The euro regained its position above 1.1900, and commodity currencies basically recovered the previous day’s losses , But the pound lags behind, only close to flat near the 100-day moving average.
Technical Analysis Of EURUSD
The daily chart cross star plays a relay role, MA5/10 golden cross provides support, the upper resistance pays attention to 1.1950. The short-term upward momentum of the 4-hour chart remains intact, the current test 1.1925 first line resistance, pay attention to whether it can stand again in this file . The hourly chart found support at 1.1860 and fluctuated higher, with bulls still dominating. It is recommended to operate cautiously during the day, and focus on the performance near 1.1925 to decide further direction.
Support level: 1.1880 1.1860 1.1830
Resistance level: 1.1925 1.1950 1.1985
Technical Analysis GBP/USD
The daily chart shows signs of stabilization at the 100-day moving average, but the stochastic indicator still tends to go down. Watch for fluctuations. The 4-hour chart has a stabilization signal at 1.3720, but it lacks upward mobility. The hourly chart has repeatedly seen long and short, and the short-term may point to the vicinity of 1.3780. In the day, it is recommended that activists do more than 1.3720, first look at the vicinity of 1.3800.
Support level: 1.3720 1.3700 1.3670
Resistance level: 1.3800 1.3840 1.3880
Technical Analysis USD/JPY
The daily chart fell below the 20-day moving average, and the downward action can be violent. The short-term moving averages in the 4-hour chart are short-term, and they are still bearish. After breaking through the 109.60 line in the hourly chart, it accelerated lower and there was no signal to stop the decline. It is recommended to go short below 109.40 and follow up below 109.00.
Support level: 109.00 108.70 108.40
Resistance level: 109.40 109.60 109.90
Technical Analysis Gold
The daily chart upward test potential double bottom neckline, but the stochastic indicator tends to fall from the overbought area, cautiously bullish. The 4-hour chart maintains an uptrend, with bulls still dominating. The hourly chart fluctuated upward and finished below 1760. The callback momentum is limited and still bullish. It is recommended to do more in the day above 1750 and follow up through 1760.
Support level: 1750 1745 1735
Resistance level: 1760 1765 1780
Technical Analysis Silver
The daily chart moves higher to test the 200-day moving average. The stochastic indicator tends to fall from the overbought area and is cautiously bullish. The 4-hour chart maintains an upward trend, and there may be a callback demand in the short term. The hourly chart stabilized above 24.90 and regained a new high, which is still bullish. It is recommended to go long above 25.20 and follow up above 25.60.
Support levels: 25.20 25.00 24.75
Resistance levels : 25.60 25.90 26.20
---------- Post added 12-04-2021 at 12:44 PM ---------- Previous post was 11-04-2021 at 07:29 PM ----------
UPDATE No # 38 12.04.2021
GREETING TO ALL MY FRIENDS
Hello everyone,. I stand on the front line of the market every day and bring you the latest operational ideas and strategic points. I hope I can help everyone, and I hope that your investment journey will be smooth Profitable the first day of opening market Short Order Profit Point r Crude Oil Total Elevation 59.9190 is approximately equal to the forecast high of 60.1700, and Crude Oil Lowest is 59.0950, which is equal to the forecast of 59.0800. 1.1941 EURUSD low of 1.1868 is roughly equal to the predicted low point of 1.1874 US Pound Dollar Total average of 1.3753 equals approximately 1.3773 forecast high point GBPUSD low of 1.3671 is equal to the predicted low point of 1.3683 Australian and US: Total height is 0.7664 compared to the predicted high of 0.7677 The total low of 0.7589 is approximately equal to the predicted low point of approximately 0.750 USDCAD Total Elevation 1.2614 is approximately equal to the forecast high point of 1.2610 USDCAD low of 1.2525 is equal to the predicted low point of 1.2538
United States and Japan 109.9700 highest level of 109.7900, equal to yesterday's forecast USDJPY low of 109.2100 is equal to the predicted low of 108.8800
Technical Analysis Of EURUSD
Last week the decline did not increase, stabilized at 1.1700 and turned above 1.1900. (4 hour chart) The euro is under full pressure. The current range is rising above 1.1700 and is limited to the upper limit falling. With a high of 1.1900, there is still a need to recover. From this week's trading outlook, the euro needs to break 1.1930 to continue its upward trend, and the downtrend is supported by 1.1800. The short-term euro is strong. If it does not exceed 1.1900 during the European session, it is recommended to shorten it. If it does not break 1.1840 during the US market, it is recommended to go for a long, long moment (2. Break effectively in pursuit of shorts).
Reverse Resistance: 1.1900, 1.1930. Negative Side Supporte: 1.1840, 1.1820.
Technical Analysis Of GBPUSD
Last week it failed to break above 1.3900 and was under pressure to take advantage and move to 1.3670. (4 hour chart) The pound is under total pressure. The current range tests the 1.3670 support level for the second time, and is expected to come under pressure again. From this week's trading outlook, the pound will need to recover before it breaks further. If it breaks directly, it will reach 1.3500. The short-term pound is weak. If it does not break below 1.3670 during the European session, it is recommended to go for a long time (2. Effectively break below and chase short). If it breaks above 1.3750 during the US market, it is recommended to shorten it.
Reverse Resistance: 1.3750, 1.3790. Negative Side Support: 1.3670, 1.3620.
Technical Analysis Of GOLD
Last week gold declined sharply to 1758, and then came under pressure to break it. (4 hour chart) Overall pressure on gold. Returning from 1677 to limit the reduction in the current range. As the upward trend in gold subsides, it is expected that a special recovery is still needed. This week's trading outlook, although gold has a certain bearish support, but it still needs to break 1760 to relieve downward pressure. If the pressure continues to decrease, if the downtrend support stabilizes in 1721 and continues to fluctuate upwards, the downside break will increase the need to retreat. Short-term gold is weak, if it does not break below 1734 during the European session, it is recommended to work further. If the US market does not break more than 1748, it is recommended to shorten.
Reverse Resistance: 1748,1752.
Negative Side support: 1734,1730.
Technical Analysis Of Crude Oil
Last weekcrude oil pressure fluctuated and fell to 57 57.6060. (4 hour chart) Overall crude oil rises. The current range has been repeated between 57.00-62.00 and the limit has been gradually tightened. It is expected to repeat at 60.00. This week's trading outlook, the crude oil shock pattern, remains the same and is expected to break the shock. Due to the internal complexity of the shock, we still observe a break of 61.00 to reduce the downward trend, and a break below 57.65 to extend the downward trend. Short-term crude oil is depleted. If it does not break below 59.10 during the European Summit, it is recommended to do more. If it does not break above 60.20 during the US market, it is recommended to shorten it. Reverse Resistance: 60.20, 58.80,
Negative Support: 59.10, 58.75.