04 Apr Forex Weekly Forecast / Forex Signals Provider (April 5th- 9th April 2021)
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EURUSD is trading in a falling wedge And the pair has now reached the resistance of this wedge While the closest support is somewhat below Therefore,I am expecting the pair to go down Before it hits the support .
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GBPCAD rebounded from demand zone at level 1.7190 with strong bullish movement Price broke major downtrend line Pair is forming inverted Head & Shoulders pattern Above SMA 100 MACD shows start of bullish momentum It’s expected to target key level at 1.7455 then target resistance level at 1.7605
GBPNZD There is a possibility of temporary retrenchment to the suggested resistance line (1.9765). . If so, traders can set orders based on Price Action and expect to reach short-term targets.
EURJPY is trading in an uptrend In a rising wedge on weekly chart However, the pair is now trading closer and closer To the resistance Cluster of multiple resistance level Therefore, I am expecting a move down from the highs To retest the rising wedge support below
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