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Forex Technical Analysis: Weekly Analysis on Major Pairs, Gold, Bitcoin – 18th April 2022

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Weekly Analysis on Major Pairs, Gold, Oil, Bitcoin

  • 18th April – ALL – Easter Holiday Market Close for major Banks.
  • 19th April – AUD Monetary Policy Meeting Minutes and USD Building Permits & Housing Starts 
  • 20th April – CHF SNB Chairman Jordan Speech and CAD Consumer Price Index & Core 
  • 21st April – NZD Consumer Price Index, EUR Consumer Price Index & Core and USD Philly Fed Manufacturing Index & Unemployment Claims 
  • 22nd April – BOE Gov Bailey Speech, ECB President Lagarde Speech and Fed Chair Powell Speech 

For fundamental insights check the weekly market outlook and the key data releases releases on the economic calendar.

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 rise from the current level to test the previous support 1.10000 which will become the new resistant level.
  • GBPUSD, expecting the price to rise from the current level to test the previous resistant 1.32000 level.
  • AUDUSD, expecting the price to continue to drop further to test the previous resistant 0.73500 level and if that level is violated then the next possible level will be 0.73000.
  • NZDUSD, expecting the price to continue to drop from the current level to test the next support 0.67000 level and if that level is breached, the price is likely to drop further to test the 0.66300 and 0.66000 level.
  • USDCHF, expecting the price to drop slightly more to test the support 0.94000 level before start rising back to test the resistant 0.95000 level.
  • USDCAD, if price able to close above the 1.26300 level this week then the next possible level for the price to test will be the 1.27000 level which is the next strong resistant level.
  • USDJPY, expecting the price to continue to rise from the current level to test the next major resistant 130.000 and 130.700 level.
  • GOLD, if price able to close above the 2000 level this week then the price is likely to rise further and make a new all-time high around 2100 and 2130 levels.
  • BTCUSD, if the price closes below the support 39000 level this week then there is high probability for the price to drop further to test the 35500 and 34000 level which is the next strong support level. 
  • Finally on Brent Crude, expecting the price to continue to rise from the current level to test the next resistant 117.00 and 120.00 level. 
DISCLAIMER: The publication of market analysis is a marketing communication and does not constitute investment recommendations. This content provides a general views of our experts and does not consider the individual circumstances, investment experience or current financial situation. AximTrade is not liable for any losses incurred due to the use of analysis.
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. 

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.


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