EUR/USD extends its gradual recovery from weekly lows of 1.1227 in early Europe, now flirting with daily tops near 1.1250 amid broad USD retreat and Easter holiday-thinned light trading.
Amid a lack of fresh catalysts and slowing volumes, the GBP/USD pair continues to fluctuate between gains and losses around the 1.30 handle, with the path of least resistance appearing to be on the downside.
American consumers asserted the right to spend in a grand fashion in March boosting retail sales to the fastest expansion in 18 months as the booming job market put the shutdown marked holiday season to rest.
Gold snapped its five-day winning streak with a 0.19 percent gain on Thursday, confirming a bullish divergence of the relative strength index on the 4-hour and hourly charts.
Cryptocurrency market update: Cryptos slide back in the red- Bitcoin, Ethereum and Ripple hang in the balance
Bitcoin has throughout this week, been trending upwards within a rising channel. The bulls keep pushing the limits on the upside, although it has been capped slightly past $5,300.
XRP/USD is priced at $0.335 as markets opened this Friday. The market was trending in a channel and had a bullish breakout. Currently, the market is going through a consolidation period.
LTC/USD bears have eked out the bulls as markets opened this Friday, trading at $82. This Thursday, the LTC/USD bulls had a field day, taking the price up from $79 to $82.37.
ETH/USD has had an extremely fruitful Thursday as the bulls took the price up from $167 to $174.15, breaking past the $170 barrier in the process. The last time the market ...
A shortened week to gyrate around the EU's business growth and US Retail Sales
The dollar edged lower at the end of the week amid the less likely trigger: the US earnings season kicked started with a bang, with JP Morgan, the biggest US bank by assets, posting record fQ1 revenue and profits, beating market's estimates.
EUR/USD is trading in a narrow range around 1.1300 as the long Easter weekend approaches. The pair enjoys substantial support. Can it rally?
The Technical Confluences Indicator shows that the round number of 1.1300 is a dense cluster of lines including the Simple Moving Average 5-1h, the Fibonacci 61.8% one-day, the SMA 10-15m, the SMA 10-1h, the SMA 10-4h, the SMA 50-1h, the SMA 5-4h, the SMA 50-1d, the Bollinger Band 1h-Middle, and more.
More significant support awaits at 1.1282 where we see the convergence of the previous daily low, the Fibonacci 38.2% one-month, the SMA 200-1h, the Fibonacci 38.2% one-week, the BB 4h-Lower, and the SMA 5-1d.
The initial upside target is 1.1347 where the Fibonacci 61.8% one-month, the Pivot Point one-week R1, the BB 1d-Upper, and the SMA 100-1d.
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