Thursday, April 30, 2020

EUR/JPY 4/30



The following assumptions that have been made:
- At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : EURJPY   

Direction : 
Identified time : 2020-04-30 16:04 BST
Breakout price : 117.123
Forecast price : 117.3801
Forecast pips : 26
Probability : 67.38 %
Pattern : Triangle
Interval : 60 Min

Pattern : Triangle
Interval : 60 Min

Forex chart EUR/CAD 4/30



The following assumptions that have been made:
- At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 




Symbol : EURCAD   


Direction :
Identified time : 2020-04-30 15:32 BST
Breakout price : 1.51423
Forecast price : 1.52281
Forecast pips : 86
Probability : 67.89 %
Pattern : Triangle
Interval : 30 Min

Pattern : Falling Wedge
Interval : 30 Min

forex chart EUR/GBP 4/30



The following assumptions that have been made:
- At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : EURGBP   

Direction :
Identified time : 2020-04-30 13:05 BST
Breakout price : 0.86833
Forecast price : 0.86599
Forecast pips : 23
Probability : 72.27 %
Pattern : Descending Triangle
Interval : 240 Min

Pattern : Descending Triangle
Interval : 240 Min

Wednesday, April 29, 2020

US dollar weakens 4/29

The US dollar weakens 0.5% against the euro and 0.2% against the yen. The Fed pledges aggressive action as economic distress from coronavirus worsens, sparking selling in the dollar. Investors may also be embracing more risk on some promising Covid-19 drug news from Gilead and more reopening plans in Europe, and they seem to be looking past a dismal 1Q GDP report that showed the economy shrinking 4.8%, its fastest pace since the Great Recession. The S&P gains 2.7% and 10-year Treasury yields inch higher to 0.61%. The WSJ Dollar Index falls 0.6%.

EUR/AUD



The following assumptions that have been made:
- At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 




Symbol : EURAUD   


Direction :
Identified time : 2020-04-29 19:04 BST
Breakout price : 1.66463
Forecast price : 1.66813
Forecast pips : 35
Probability : 66.36 %
Pattern : Triangle
Interval : 30 Min

Pattern : Triangle
Interval : 15 Min