MARKET INSIGHT APRIL 16: TRADING THE EURUSD

Market insight

MARKET INSIGHT: Parallel channel on the daily chart shows the euro on resistance trendline, with horizontal ceiling at around 1.20008, hinting of a potential downtrend. The downside could be technically confirmed by Stochastics showing overbought levels.High-impact news for today coming out from the Eurozone will be mainly Core CPI, to be released by 5:00 pm […]

MARKET INSIGHTS: XAUUSD (Gold)

Market Insight

Technical analysis: MARKET INSIGHTS: Gold is on the daily resistance trendline, with RSI technically hinting of a further downside for the precious metal. Horizontal trendline should be somewhere 1757.10, with horizontal support at 1716.71. Within the horizontal resistance and support is a trading range of 400 pips, indicative of enough liquidity and viable trading opportunity.However, […]