Hello Legendary Traders,
The month of April has already begun with a bang.
Let’s head to our charts and see if we could make some dough on a hump day.
1. NZD/USD
Price on NZD/USD just failed to obey a key support level (0.67638).
If the present candlestick closes below the support, we may most likely see the bears pull price further down to the next possible support level (0.65903).
On the other hand, if we experience a pull-back of the present candlestick, we may most likely see the bulls pull price up to the next possible resistance level (0.69411).
2. EUR/JPY
EUR/JPY has price consolidating around a key resistance level (124.930).
After price broke out from the pennant’s support level (124.749) of the daily time frame, price has found it difficult to proceed a further bearish trend.
On the 4 hours time frame, price has formed a consolidation on the resistance level 124.930 within a descending channel.
Personally, I am bearish biased regarding this pair.
We may most likely see price hit 123.862 as the next possible support level.
That said,
We are done with our Wednesday analysis, check us up again tomorrow for another brand new analysis.
It’s informative about the financial market
Thanks Goodman,
I am glad you like our content