Daily Forex Technical Analysis

[xtreamforex]

EUR/USD analysis: bullish strength eases, but downward scope still limited

The EUR/USD pair retreated on Friday from a fresh 1-month high of 1.0782, but settled well above the 1.0700 threshold, as broad dollar’s weakness dominated the FX board, following Fed’s monetary policy meeting.

Technical Overview:

Prev. Close: 1.0738

Open: 1.0738

Day’s Range: 1.0734 – 1.0762

52 wk Range: 1.0339 – 1.1616

1-Year Change: – 4.61%

Support and Resistance:

Daily Camarilla Technical analysis shows that EUR/USD pair may find the immediate support at 1.0757. below which 1.0756 and 1.0755 could be tested. On the other side the immediate resistance 1.0759 and may go for further test 1.0760. A break beyond the last, doors will open for a test of 1.0761.

Technical Indicators:

Buy: 8 Sell: 0 Neutral: 3

Summary:STRONG BUY

Upcoming Economic News:

EUR – German PPI m/m

EUR – German Buba Monthly Report

EUR – German Buba President Weidmann Speaks

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[TraderSmith]

Forex technical analysis: EURGBP is testing topside trend line

Spikes higher after CPI

The EURGBP has spiked after the data as the EURUSD breaks above MA levels (200 week MA at 1.1776 and 200 hour MA at 1.1797) but the GBPUSD stalls near the 1.3000 level and its 100 hour MA at 1.3001. For the EURGBP, the pair is up testing topside trend lines at 0.9100 and 0.9110 respectively. Key technical level for the pair.
Looking at the weekly chart, the price is getting closer to the 2016 high at 0.91447 level. A move above would have the EURGBP trading at the highest level since 2010 for the pair.

[AlpariJose]

In pair EURUSD after a decline in the Asian session from 1.2272 to 1.2216, a correction is on the cards, with quotes expected to rise to 1.2255. My forecast has the euro dropping from 1.2236/40.
My forecast how professional forex signal providers is for the next 2 days. If the DTR1 line holds its ground, we can expect the euro to open at around 1.2162 on Tuesday. For now, sellers need to break through the 1.2210 – 1.2215 range.

[xtreamforex]

Bitcoin Cash managed to close out Monday in positive territory, gaining 3.37% to end the day at $662.9, partially reversing Sunday’s 5.98% slide, while bringing to an end 7 consecutive days of losses.

The day was relatively less choppy than in recent weeks, with Bitcoin Cash seeing few sell-offs during the day and more importantly avoided an end of day pullback.

While there will have been some relief from Monday’s gains, Bitcoin Cash failed to touch $700 levels for the first time since the December rally, with an intraday high $686.2 falling short of the day’s first major resistance level of $688.2 and 23.6% FIB Retracement Level of $730.27.

Monday’s gains were certainly not impressive enough to suggest a reversal to the extended bearish trend formed back on 21st March, while an intraday low $636.4 managed to avoid testing the first major support level of $608.4.

Following Monday’s gains, Bitcoin Cash was up 3.58% to $683.9, with investors brushing off an early morning $657 low, as sentiment across the cryptomarket continued to improve off the back of Monday’s gains.

A morning $695 high tested the day’s first major resistance level of $687.27 early, with resistance at the psychological $700 level pinning back any move through to the day’s 23.6% FIB Retracement Level of $730.27.

For the day ahead, a move back through to the morning high $695 would be needed to support a run at the 23.6% FIB Retracement Level, with such a move likely to begin signalling a short-term bullish trend formation that would draw in side lined investors looking to ride out the bearish trend formed on 21st March.

Failure to break through to $700 levels could test investor appetite later in the day and lead to a pullback to this morning’s lows, though we would expect support levels to remain untested today, the key milestone for Bitcoin Cash being to move through to and hold on to $700 levels by the end of the day.

Click Here To Read LITECOIN AND RIPPLE TECHNICAL ANALYSIS

[dangtrader]

Can I use your trading analysis with Hotforex or you advice to use specific broker?

[xtreamforex]

BITCOIN AND ETHEREUM PRICE FORECAST -04/04/2018

The prices have stalled near the $7400 region as expected
The BTC prices have rebounded as expected but they now seem to have hit a wall and again, this is something that we have been forecasting. The region around $7400 was a strong support and the break through this region had led the prices to slide towards the lows of the range below $7000. Now the prices are back in this region but have been finding it difficult to get a way through this region due to the strong selling that we have been seeing. The prices are likely to continue to face some strong resistance for the time being and this is going to be the biggest challenge for the bulls in the short term.

Prices Stall
The bulls need to show purpose and momentum and prove to the rest of the market that the momentum is on their side for them to get convinced and join them. Else, it is likely that the BTC market would be hit with a lot of selling in the short term which would then push the prices lower. If and when the bulls do manage to break through, more traders are likely to join their side and this snowballing effect would help to make the passage to the $7800 region smooth and quick as well. It remains to be seen whether they would be able to make the breakthrough today.

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