Thursday, April 30, 2020

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

Thursday, April 9, 2020

US dollar weakens 4/9

The US dollar weakens 0.7% against the euro and 0.4% against the yen. US stocks rose more than 1% and 10-year Treasury yields rose above 0.72% even as weekly unemployment data showed 6.6 million Americans filed for benefits. The Fed's $2.3 trillion bond buying program along with signs the coronavirus's spread is slowing in hot zones "has imbued financial markets with newfound optimism that the economic impact of the virus will be far less severe than originally thought--prompting investors to migrate out of US dollar denominated safe-haven assets," Cambridge Global Payments. "The trade-weighted US dollar index (DXY)"--off 0.6% today--"has eased off the highs witnessed in mid-March, and could continue to run lower as global financial conditions ease."
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