Forex Technical Analysis: Weekly Analysis on Major Pairs, Gold, Bitcoin – 25th April 2022

The weekly 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

Weekly Analysis on Major Pairs, Gold, Oil, Bitcoin

• 25^th April – EUR – German ifo Business Climate & CAD – BOC Gov Macklem Speech 
• 26^th April – USD – Durable Goods Orders & CB Consumer Confidence 
• 27^th April – AUD – Consumer Price Index & USD – Pending Home Sales 
• 28^th April – JPY – BOJ Outlook Report & Monetary Policy Statement & USD – Advance GDP 
• 29^th April – USD – Core PCE Price Index 

For fundamental insights check the weekly market outlook and the key data 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, if price able to close above the 1.08000 level this week then the next possible level for the price to test will be the 1.09100 level and if that level is violated then the next possible level will be 1.10000 level.
• GBPUSD, if price able to close above the 1.28700 level this week then the next possible level for the price to test will be the 1.30000 level which will be the next resistance.
• AUDUSD, if price able to close below the 0.72000 level this week then the next possible level for the price to test will be the 0.71000 level and if that level is violated then the next possible level will be 0.70000 level.
• NZDUSD, if price able to close below the 0.66000 level this week then the next possible level for the price to test will be the 0.65000 level which is the next major support.
• USDCHF, I’m expecting the price to continue to rise to test the next resistant 0.96000 level.
• USDCAD, if price able to close above the 1.27300 level this week then the next possible level for the price to test will be the 1.28000 and 1.28300 level which is the next strong resistant level.
• USDJPY, I’m expecting the price to continue to rise from the current level to test the next resistant 130.700 level and if that level is violated then the next possible level will be 135.000 level which is the next major resistant.
• GOLD, I’m expecting the price to continue to drop from the current level to test the next support 1900 level.
• 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.
• XBRUSD, If the price closes above the 110 level this week then there is a high probability for the price to rise and test the 117 and 120 level and if the price closes below the 97 level this week then there is high probability for the price to drop and test the 88 and 85 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 trading, 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.