Weekly Analysis on Major Pairs, Gold, Bitcoin
- 11th April –UK GDP, Trade Balance, Manufacturing and Industrial Production
- 12th April – EUR German HICP, GBP Average Earnings and Claims & USD CPI & Core CPI
- 13th April – NZD RBNZ Rate Decision, UK CPI/Core CPI & CAD BOC Rate Decision
- 14th April – AUD Employment Change & Unemployment Rate, ECB Monetary Policy Statement & USD Retail Sales & Core
- 15th April – Bank holiday in major markets in observance of Good Friday.
Weekly Analysis and Levels for the Major Pairs
Technical analysis and trade ideas for the major currency pairs, gold, and Bitcoin, can be used to establish suitable objectives and manage risk by identifying regions in a chart where the price is expected to approach.
- EURUSD, expecting the price to drop slightly more to test the major support 1.08000 level before start rising back to test the resistant 1.10000 level.
- GBPUSD, if price able to close below the support 1.30000 level this week then the next possible level for the price to test will be the major support 1.28800 and 1.28000 level.
- AUDUSD, expecting the price to continue to drop further to test the previous resistant 0.74000 and 0.73500 level, which will become a support level.
- NZDUSD, if price able to close below the support 0.68000 level this week then the next possible level for the price to test will be the 0.67300 and 0.67000 level, which is the next major support.
- USDCHF, expecting the price to drop slightly more to test the support 0.93000 level before start rising back to test the resistant 0.93700 level.
- USDCAD, the price is expected to dip slightly more to test the support 1.25000 level before rising back to test the recent resistant 1.26000 level, and if that level is violated then the next possible level will be 1.27000.
- USDJPY, if price able to close below the 123.700 level this week then the next possible level for the price to test will be the 121.000 level which is the next strong support level.
- GOLD, expecting the price to continue to rise to test the 2000 level, and if that is breached, the price is likely to rise further and make a new all-time high around 2100 and 2130 levels.
- Finally, BTCUSD, If the price closes above the 47500 level this week then there is high probability for the price to rise and test the 50500 and 52000 level but if the price closes below the 39000 level this week then there is high probability for the price to drop and test the 35500 and 34000 level.
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Learn More about Forex Technical Analysis
Forex analysis is one of the main skills for forex traders to be successful in their trading careers. The main function of analysis is to analyze the financial markets using different methods and technical indicators to identify the price movement. One of the main approaches is technical analysis since most successful forex traders rely on this type of weekly analysis to study the market. In the forex market, traders can use forex news and analysis to analyze the major pairs, Gold, Bitcoin, Crude Oil and cryptocurrencies.
AximTrade offers forex weekly analysis and FX news for traders by experts on Major Currency Pairs, Gold, and Bitcoin. AximTrade is a fast-growing brokerage service provider and award-winning platform with one of the best CopyTrade platforms in the trading world. AximTrade, the forex broker provides a dynamic and highly efficient trading environment to enable forex traders with easy-to-use technology, fast payment methods, educational resources, market analysis, varieties of forex bonus promotions, and highly competitive trading environment with the best trading conditions.