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In a week seemingly anonymous for the Easter holidays, we will find instead a number of US data in the second part, data that will be able to provide a lot of volatility. The data on US GDP for the fourth quarter has suffered yet another upward revision confirms that in America the recovery has slowed but did not stop as many feared. This again will put the Fed under pressure for interest rates and the dollar consequently could continue to strengthen a little. Euro against the six consecutive sessions of declines by EurUsd have a certain resemblance to what we have already seen in February. The oscillators then show an inclination similar to that of then implying the possibility that the trend will continue. Area 1.10 will as usual from the support but can not be excluded a new area of interest 1.08
Trend bullish acceleration of AUD/USD as evidenced by the daily quota ADX above 30. This signals the possibility of further appreciation in the short edge with the moving average 20 days Thursday already acted in 0.746 support. Soon, however, we face a real test of maturity for the Aussie. If the market has reacted very well on the supports of 0.70, we must remember that we are still in correction mode in the bear market. Since in 2001 AUD/USD began to go up a test of the lower band of Bollinger it was preparatory to a resumption of the upward only after closing above the average at 20 weeks (center line). A closing week so above 0.79 / 0.80 in fact should therefore ratify the turnaround in the coming months with great potential for commodities. Until then best to avoid the Aussie and remain cautious.
There might also be a difficult week for oil. USDCAD is in fact complying with the divergences between the RSI and the price that invited at least to a rebound. As in October, the upward movement is developing and how then the moving average 20 days should put some pressure in terms of strength. Among other things this medium has so far done well in containing any ambition bullish USDCAD since it began falling earlier this year. Rise above this level and perhaps above to 1.35 fear would be a bad signal not only for the Canadian but also for oil. So pay attention to the USDCAD moving this week.
Head and shoulder in training on GbpUsd bullish? And it could be worth following closely a change that inevitably up to the referendum on Brexit of June will remain enigmatic. The attempt of the good reaction of the March proved ephemeral and the bulls were strictly returned to you by bears who have not allowed even to approach the downtrend line. What is now the Pound should not do is go below the lows of March. A breakout of that level would mean that someone in the market begins to bet strong on the output of Britain from the EU.
Trend bullish acceleration of AUD/USD as evidenced by the daily quota ADX above 30. This signals the possibility of further appreciation in the short edge with the moving average 20 days Thursday already acted in 0.746 support. Soon, however, we face a real test of maturity for the Aussie. If the market has reacted very well on the supports of 0.70, we must remember that we are still in correction mode in the bear market. Since in 2001 AUD/USD began to go up a test of the lower band of Bollinger it was preparatory to a resumption of the upward only after closing above the average at 20 weeks (center line). A closing week so above 0.79 / 0.80 in fact should therefore ratify the turnaround in the coming months with great potential for commodities. Until then best to avoid the Aussie and remain cautious.
There might also be a difficult week for oil. USDCAD is in fact complying with the divergences between the RSI and the price that invited at least to a rebound. As in October, the upward movement is developing and how then the moving average 20 days should put some pressure in terms of strength. Among other things this medium has so far done well in containing any ambition bullish USDCAD since it began falling earlier this year. Rise above this level and perhaps above to 1.35 fear would be a bad signal not only for the Canadian but also for oil. So pay attention to the USDCAD moving this week.
Head and shoulder in training on GbpUsd bullish? And it could be worth following closely a change that inevitably up to the referendum on Brexit of June will remain enigmatic. The attempt of the good reaction of the March proved ephemeral and the bulls were strictly returned to you by bears who have not allowed even to approach the downtrend line. What is now the Pound should not do is go below the lows of March. A breakout of that level would mean that someone in the market begins to bet strong on the output of Britain from the EU.
