2023-03-30 • Updated
Hey guys! So, April is fast approaching, and there's already an array of over 30 high-impact news releases; that is, almost every single trading day! As a result, in order to be better positioned to 'milk' all of these volatile events in the market, here are a few trade ideas to consider.
Disclaimer: Now, I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly, you must know I am not a 100% accurate AI. So, do not bet all your money on these ideas without proper risk management!
Here is our dear friend Gold, from the weekly timeframe. We can clearly see price confined within a rising wedge, and approaching a major area of resistance (a pivot zone). There is also a supply zone at the peak of the inducement candle (that previous rejection candle with the long wick). Based on the confluence of the two resistance trendlines, the supply zone, the pivot zone, and the 88% Fibonacci retracement level, I am quite confident of this playing out.
Analysts’ Expectations:
Direction: Bearish
Target: $1842
Invalidation: $2074
NZDCAD is currently trading within a rising channel that is inside a bigger descending channel, and has recently been rejected from the resistance trendline of the channel. I expect price to head into the supply zone once more for a confirmed bearish push. Once price breaks through the support trendline, it would sail very quickly towards the 200-Day MA.
Analysts’ Expectations:
Direction: Bearish
Target: 0.83000
Invalidation: 0.85800
EURNZD is at a cruciall point on the Daily timeframe. First of all, we have the resistance trendline from the previous high, then followed by the resistance trendline from the rising wedge. Don't forget, we also have the resistance zone and a rally-base-drop supply zone at the site of the price action. All these combined to give me a clear bearish sentiment.
Analysts’ Expectations:
Direction: Bearish
Target: 1.75700
Invalidation: 1.69450
There'a hardly any need for a lengthy explanation of this GPBCHF chart. The major factors to consider here are; the resistance trendline, the rally-base-drop supply zone, the 200-Day MA, and the general overview of the market structure.
Analysts’ Expectations:
Direction: Bearish
Target: 1.11100
Invalidation: 1.15700
AUDUSD is another interesting idea I found. You see how the resistance trendline aligns with the rally-base-drop supply zone and the 200-Day MA? I see it too! And based on the general overview of the price action market structure, bearish seems the rational way to go.
Analysts’ Expectations:
Direction: Bearish
Target: 0.64330
Invalidation: 0.67860
The trading of CFDs comes at a risk. Thus, to succeed, you have to manage risks properly. To avoid costly mistakes while you look to trade these opportunities, be sure to do your due diligence and manage your risk appropriately.
You can access more of such trade ideas and prompt market updates on the telegram channel.
During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...
The Australian Dollar (AUD) rebounds on Monday, despite a slight dip in the US Dollar (USD) and higher US Treasury yields. Investors are eyeing Australian monthly Consumer Price Index (CPI) data for February and US Gross Domestic Product (GDP) for Q4 2023. The AUD gains momentum as the ASX 200 Index rises, especially in mining and energy sectors. Additionally, the Aussie...
Gold prices rose on Monday as the US Dollar weakened amidst speculation about potential Federal Reserve rate cuts starting in June. This weakened Dollar was partly due to improved risk sentiment pushing US Treasury yields lower. Despite facing challenges from declining yields, gold prices recovered to nearly $2,170 per troy ounce, driven by the Dollar's weakness. Federal Reserve Chair...
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
|
