Technical Analysis 17-April-2019

GOLD

According previous forecast price breakout support area and consolidate under That. Currently price has a return to This support area and we forecast bearish movement after This situation .

EURUSD

Price is moving toward higher line of main channel .This movement take place in a smaller channel .Price touched lower line of this channel and provide good opportunity for long position.Stop loss can take place beyond lower line of channel and take profit is around higher line of main channel .

USDJPY

If we have an overview over weekly time frame we can see a clear triangle pattern .price is moving toward upper line of this triangle over a drawn channel .Currently price is near middle line of this channel . in this way movement until 112.40 level is possible with a good probability .After breakout of this level 113.50 is Next level . In other way if price return we expect touching lower line of channel.

GBPUSD

GBPUSD take place in a triangle pattern and channel .Currently price touched lower line of channel and provide good situation for buy. we forecast price breakout higher line of triangle and move toward upper line of channel .

USDCAD

Price take place in a triangle pattern and separated from upper line of triangle and go toward lower line .If lower line of channel breakout next target is lower line of channel .

NZDUSD

Price is in a range area between support and resistance lines .We have a sharp movement continue between lines again .We have opportunity for long position with stop loss under support area .

AUDUSD

Price is around drawn trend line . Currently it seems this trend line is broke but we are not sure  about that .The best job is wait until get enough sings for this breakout .

2 Comments
  1. saeed says

    Dear Fxnature
    about NZDUSD, your chart is mistake, please check again
    I want to see support area on your chart
    thanks a lot

    1. Admin says

      hello saeed
      please check again
      good luck

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