April 15th Daily Analysis
April 15th Daily Analysis
Euro Sterling Pounds (EURGBP)
EURGBP’s daily chart shows a bearish trend overall. Similarly, the EURGBP plummeted to almost a one-month low on the hourly chart for the fourth day in a row. The price is trading below the 20-candle moving average on the chart, at a level of 0.8270. The RSI and MACD both indicate that the price will continue to fall.
PIVOT POINT: 0.8270
Sterling Pounds (GBPUSD)
EURGBP’s daily chart shows a bearish trend overall. Similarly, the EURGBP plummeted to almost a one-month low on the hourly chart for the fourth day in a row. The price is trading below the 20-candle moving average on the chart, at a level of 0.8270. The RSI and MACD both indicate that the price will continue to fall.
PIVOT POINT: 0.8270
USDCHF
For a long time, the USDCHF daily chart has been trending horizontally. However, the trend appears to be optimistic on the hourly chart, as the price has been reaching greater highs to the upside and trading above the 20-period moving average. The MACD and RSI both reflect a bullish price momentum.
PIVOT POINT:0.9410
USDCAD
The trend in the daily chart of the USDCAD price has been going horizontally, according to the overview of prices in USDCAD. On the hourly chart, however, the price appears to be bearish, but the MACD and RSI indicators indicate that the price is moving indecisively, and the 20-period moving average is moving in between prices.
PIVOT POINT: 1.2580
Euro (EURUSD)
The EURUSD daily chart shows a bearish trend overall. Furthermore, the trend appears to be negative on the hourly time frame, since the price has recently broken below its prior low. Price may make a corrective move to the upside, intersecting the 20-period moving average around 1.0810, according to the RSI and MACD.
PIVOT POINT: 1.0810
Sterling Pounds (GBPUSD)
From the daily time frame, the overall trend of the cable is bearish. However, the price has broken previous structures to the upside on the hourly chart, indicating a positive trend. Price appears to be consolidating after an abrupt move to the downside, indicating an indecisive move according to the MACD and RSI.
PIVOT POINT: 1.3050
