Daily Technical analysis for April 12, 2021
EUR/USD
Current level – 1.1900
The currency pair tested the support level at 1.1870 and, at the time of writing, it is holding above the mentioned level. However, another test of the above-mentioned level is also possible which, if successful, would pave the way for the EUR/USD towards the next target at 1.1807. If the bulls gain enough momentum and successfully breach the resistance at 1.1943, we should see an appreciation of the euro against the dollar, with the main target being the next resistance at 1.1988. This week, investors` attention will be focused on the announcement of the data on retail sales (Thursday; 12:30 GMT) and on the housing permits data (Friday; 12:30 GMT) for the U.S., as well as on the euro area data about the trade balance (Friday; 09:00 GMT) and the CPI data (Friday; 09:00 EET).
USD/JPY
Current level – 109.66
The pair is currently trading in the tight range between 109.54 – 109.88. A successful breach of the support at 109.54 would signal for a downward movement towards the next support at 108.85. However, if the pair manages to breach the resistance at 109.88, this may give buyers a chance to enter the market more aggressively and lead the pair towards the next important resistance at 110.39.
GBP/USD
Current level – 1.3708
The currency pair rebounded from the critical support level at 1.3677, but couldn’t reach the resistance at 1.3760. Today, the pair will most probably test this level again. If the bears prevail, this scenario would strengthen the negative expectations and could lead to a move towards the next support at 1.3600. However, prior to this happening, it is possible for the Cable to recover part of its losses and to retrace towards the resistance at 1.3760. The most important economic news for this week is the data on the industrial and manufacturing production (Tuesday; 08:30 GMT) for the UK.
Gold price approaches the target
Gold price approached our waited positive target at 1765.00 and bounced bearishly to test the EMA50, showing slight bias now to head towards new test to the key support 1731.00, which urges caution from the upcoming trading, as breaking this level will turn the intraday trend downwards.
Until now, we will continue to suggest the bullish trend for the upcoming period unless breaking 1731.00 and holding below it, noting that the EMA50 and stochastic support the expected rise, waiting to test 1765.00 initially, which breaching it represents the key to rally to achieving additional gains that reach 1800.00 followed by 1838.00.
The expected trading range for today is between 1727.00 support and 1760.00 resistance.
The expected trend for today: Bullish
Source: Technical analysis
Comments (54)
… [Trackback]
[…] Read More Information here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Find More Info here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Find More on on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Here you can find 8670 additional Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Find More on to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] There you can find 94979 additional Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] There you can find 98860 more Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Read More on on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Here you can find 90515 more Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Read More Info here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Here you can find 69535 additional Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
There are actually loads of details like that to take into consideration. That is a nice point to bring up. I offer the thoughts above as common inspiration but clearly there are questions like the one you bring up the place a very powerful thing shall be working in trustworthy good faith. I don?t know if finest practices have emerged around things like that, but I’m certain that your job is clearly recognized as a fair game. Both girls and boys feel the impression of just a second’s pleasure, for the rest of their lives.
… [Trackback]
[…] Read More Info here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Read More Information here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Find More here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
very satisfying in terms of information thank you very much.
We always follow your beautiful content I look forward to the continuation.
… [Trackback]
[…] There you can find 53345 more Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
Pretty! This has been a really wonderful post. Many thanks for providing these details.
This is my first time pay a quick visit at here and i am really happy to read everthing at one place Watch bbc news persian
… [Trackback]
[…] There you can find 36814 additional Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
I really like reading through a post that can make men and women think. Also thank you for allowing me to comment!
I m going to bookmark your web site and maintain checking for brand spanking new information.
I m often to blogging and i really appreciate your content. The article has actually peaks my interest.
I m going to bookmark your web site and maintain checking for brand spanking new information.
… [Trackback]
[…] Here you will find 99306 additional Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] Find More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
Thank you for great information, look forward to the continuation. dubai horse race track
… [Trackback]
[…] Find More Information here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
… [Trackback]
[…] There you can find 56238 more Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
Global metal commodity trade Aluminum byproduct recycling Scrap aluminum recycling tips
Scrap metal melting, Aluminum cable scrap transportation, Scrap metal evaluation
Scrap metal reclamation and utilization center Aluminum scrap processing Aluminium scrap demand analysis
Scrap metal reconstruction, Aluminum cable recyclers, Metal reclaiming operations
Metal scrap reclamation and utilization Scrap aluminum recovery Aluminium scrap pre-treatment
Scrap metal pricing strategies, Aluminum cable scrap yards, Metal waste decommissioning
Scrap metal disassembling Aluminium scrap life cycle analysis Scrap aluminum remelters
Scrap metal quality standards, Aluminum cable scrap recycling services, Scrap metal recovery processing
Scrap metal reclamation handling Scrap metal reclamation and recycling facility Scrap iron management
Ferrous material salvage and recovery, Iron waste recovery solutions, Scrap metal branding
Scrap metal environmental impact Ferrous material recycling solutions Iron waste collection
Ferrous material processing equipment, Iron salvaging depot, Scrap metal salvage yard
Scrap metal cutting Ferrous metal recycling compliance Iron recycling and recovery
Ferrous material recycling profit, Iron reprocessing plant, Metal scrap facility
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
Metal scrap collection Ferrous material environmental regulations Iron recyclables processing
Ferrous metal hauling services, Iron waste reclaiming and recycling solutions, Scrap metal reclamation and trading
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-12-2021/ […]
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.
Metal scrap dismantling Ferrous material recycling environmental stewardship Iron scrap reclaimer
Ferrous scrap salvage yard, Iron waste recovery plant, Metal reclamation company
Remarkable! Its in fact awesome piece of writing, I have got much clear idea regarding from this post.