The Analytical Overview Of The Main Currency Pairs - Friday, Apr. 23

The EUR/USD currency pair

Technical indicators of the currency pair:

  • Prev Open: 1.2029
  • Prev Close: 1.2015
  • % chg. over the last day: -0.11%

Yesterday the EUR/USD pair was trading in a downtrend and closed the day with -0.11%. On the H1 and the H4 timeframes, the price is above the moving average. The MACD on the H4 is in the positive zone. Buying is the priority.

Trading recommendations

  • Support levels: 1.1990, 1.1927, 1.1860, 1.1797, 1.1700
  • Resistance levels: 1.2080, 1.2100, 1.2242

Yesterday, the currency pair tested the 1.1990 support level and showed an uptrend on lower timeframes. In the future, we recommend looking for entry points for buying after the price breaks out and gains a foothold above the level of 1.2080.

Alternative scenario: after the price breaks through the 1.1990 level, the price may go to the 1.1927 support level.

(Click on image to enlarge)

EUR/USD

News feed for 2021.04.23:

  • – US New Home Sales (Mar) at 17:00 (GMT+3);
  • – A Speech by Christine Lagarde, President of the ECB at 17:30 (GMT+3).

The GBP/USD currency pair

Technical indicators of the currency pair:

  • Prev Open: 1.3922
  • Prev Close: 1.3839
  • % chg. over the last day: -0.59%

Yesterday, the GBP/USD currency pair was trading in a downtrend and closed the day with a result of -0.59%. On the hourly chart, GBP/USD is trading above the 200-day moving average. The situation is similar on the four-hour chart. At this point, it is best to consider buying the instrument.

Trading recommendations

  • Support levels: 1.3807, 1.3750, 1.3667
  • Resistance levels: 1.3884, 1.3918, 1.4008

Yesterday, the currency pair tested the moving averages on the H1 and H4 timeframes. We assume that the pair will continue to grow. It is best to consider buying entry points after the price breaks out and fixes above the level of 1.3918.

1 2 3
View single page >> |

Disclosure: This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.