MARKET UPDATES FOR APRIL 27-31st.

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EUR/USD

Chart Commentary Disclaimer: Adewale’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research and be aware of the risks and rewards

Key Zones– 1.07852, 1.06364, Support Zone and 1.11373, 1.09836 ,Resistance Zone.

Price Action– None

Commentary    The bearish rally continued on Friday, but later retraced around 1.07852 support zone. The bearish momentum is still very in place. We are looking forward to a bearish Setup in the midterm.

EUR/CAD

Key Zones– 1.51349, 1.49260, Support, 1.56821, 1.54357, Resistance.

Price Action-None

Commentary–  The bearish rally on Friday was truncated and latter retraced. The market condition in the near term is bearish. We anticipate a bearish setup in the near term for the pair to rally to the near term support at 1.49260.

EUR/JPY

Key Zones- 119.546,118592, Resistance, 115.84,major support.

Price Action– None

Commentary– The bearish momentum was halted at the key support zone at 115.84. This is a major support zone after a bearish rally from 120.87. We are anticipating a bullish setup.

 

GPB/USD

Key Zone- 1.27402, 1.25826, Resistance, 1.2201, major support.

Price Action-  Coiling Inside bar, tailed bar.

 

Commentary- The pair has formed a coiling inside bar and small tailed bar last week. We are looking forward to the break of the inside bar or formation of a fakey setup in the mid term.

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