Daily trading analysis 05 April 2022 - Find current and future trends with analysts

 

 

 

 

 

 

Here's today's directional view from Trading Central's global research analysis! This is a starting point for starting your own analysis to identify opportunities that make sense to you. As seen? Feel free to share this with friends!

 

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Please note that due to market volatility, some key levels may have been reached and scenarios executed.

 

 

 

 

•  USD/CAD intraday: watch 1.2475.
  

 

• USD/CAD

Pivot point (cancellation rate) : 1.2500

Our preference: short positions below : 1.2500 with targets : 1.2475 & 1.2465 within the range.

Alternative scenario: above : 1.2500, the next upside targets are : 1.2510 & 1.2525.

Technical note: a drop below : 1.2475 will trigger a decline towards : 1.2465.

Support and Resistance:

• 1.2525

• 1.2510

• 1.2500

• 1.2484 Last Price

• 1.2475

• 1.2465

• 1.2450

 

 

 

 

 

 

 

•  Intraday AUD/USD: bullish bias above 0.7525.

 

• AUD/USD

Pivot point (cancellation rate) : 0.7525

Our preference: long positions above : 0.7525 with targets : 0.7555 & 0.7570 within the range.

Alternative scenario: below : 0.7525 the next downside target is towards : 0.7510 & 0.7500.

Technical note: although the continuation of the consolidation cannot be ruled out, the range should be limited.

Support and Resistance:

• 0.7590

• 0.7570

• 0.7555

• 0.7541 Last Price

• 0.7525

• 0.7510

• 0.7500

 

 

 

•   USD/JPY intraday: down.

 

• USD/JPY

Pivot point (cancellation rate) : 122.90

Our Preference: short positions below : 122.90 with targets : 122.30 & 122.15 within the range.

Alternative scenario: above : 122.90, the next upside targets are : 123.05 & 123.20.

Technical note: a drop below : 122.30 will trigger a decline towards : 122.15.

Support and Resistance:

• 123.20

• 123.05

• 122.90

• 122.56 Last Price

• 122.30

• 122.15

• 122.00

 

 

 

 

 

 

 

•  GBP/USD intraday: bullish bias above 1.3095.

 

• GBP/USD

 Pivot point (cancellation rate) : 1.3095

Our preference: long positions above : 1.3095 target : 1.3125 & 1.3140 within the range.

Alternative scenario: below : 1.3095 next downside target towards : 1.3085 & 1.3075.

Technical description: RSI supports further gains.

Support and Resistance:

• 1.3155

• 1.3140

• 1.3125

• 1.3115 Last Price

• 1.3095

• 1.3085

• 1.3075

 

 

 

 

 

 

 

•   EUR/USD intraday: under pressure.

•  EUR/USD

Pivot point (cancellation rate) : 1.1000

Our preference: short positions below : 1.1000 with targets : 1.0950 & 1.0930 within the range.

Alternative scenario: above : 1.1000, the next upside targets are : 1.1030 & 1.1055.

Technical note: as long as the resistance at : 1.1000 is not broken, the risk of a decline below : 1.0950 remains high.

Support and Resistance:

• 1.1055

• 1.1030

• 1,1000

• 1.0967 Last Price

• 1.0950

• 1.0930

• 1.0910

 

 

 

 

 

 

 

 

RISK WARNING ON TRADE.!!!

Trading on margin is a product that uses a leverage mechanism, carries a high risk and cannot be guaranteed to be suitable for all investors. THERE IS NO GUARANTEE OF PROFIT on your investment, therefore beware of parties that provide guaranteed profits in trading. You are advised not to use these funds if you are not prepared to suffer losses. Before deciding to trade, make sure you understand the risks involved and also take your experience into account.

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