Daily trading analysis 08 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: strength dominates.

• USD/CAD

 Pivot point (cancellation rate) : 1.2520

Our preference: long positions above : 1.2520 target : 1.2580 & 1.2600 within the range.

Alternative scenario: below : 1.2520 the next downside target is towards : 1.2500 & 1.2480.

Technical note: a decline above : 1.2520 is a positive signal opening the way to : 1.2580.

Support and Resistance:

• 1.2620

• 1.2600

• 1.2580

• 1.2553 Last Price

• 1.2520

• 1.2500

• 1.2480
  

 

 

 

 

 

•  Intraday AUD/USD: decline predominates.

 

• AUD/USD

 Pivot point (cancellation rate) : 0.7540

Our preference: short positions below : 0.7540 with targets : 0.7470 & 0.7440 in the range.

Alternative scenario: above : 0.7540, the next upside targets are :0.7565 & 0.7590.

Technical description: technically the RSI is below its neutral area at 50.

Support and Resistance:

• 0.7590

• 0.7565

• 0.7540

• 0.7495 Last Price

• 0.7470

• 0.7440

• 0.7410
  

 

 

 

 

 

 

 

•  USD/JPY intraday: watch 123.50.

• USD/JPY

Pivot point (cancellation rate) : 123.90

Our preference: short positions below : 123.90 with targets : 123.50 & 123.30 within the range.

Alternative scenario: above : 123.90, next upside targets are : 124.05 & 124.20.

Technical note: a drop below : 123.50 will trigger a decline towards : 123.30.

Support and Resistance:

• 124.20

• 124.05

• 123.90

• 123.63 Last Price

• 123.50

• 123.30

• 123.10

 

 

 

•  GBP/USD intraday: rebound expectations.

 

• GBP/USD

 Pivot point (cancellation rate) : 1.3055

Our preference: long positions above : 1.3055 target : 1.3090 & 1.3110 within the range.

Alternative scenario: below : 1.3055 next downside target towards : 1.3035 & 1.3020.

Technical description: RSI needs a rebound.

Support and Resistance:

• 1.3130

• 1.3110
  

• 1.3090

• 1.3078 Last Price

• 1.3055

• 1.3035

• 1.3020
  

 

 

 

 

 

•  EUR/USD intraday: rebound expectations.

 

• EUR/USD

 Pivot point (cancellation rate) : 1.0890

Our preference: long positions above : 1.0890 target : 1.0920 & 1.0940 within the range.

Alternative scenario: below : 1.0890 then the next downside target is towards : 1.0875 & 1.0860.

Technical description: RSI needs a rebound.

Support and Resistance:

• 1.0955

• 1.0940

• 1.0920

• 1.0912 Last Price

• 1.0890

• 1.0875

• 1.0860
  

 

 

 

 

 

 

 

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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