Technical Analysis

Support and Resistance for April 26, 2018 - US Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.2280 1.4100 110.50 0.7700 24260 13230.00
Resistance 2 1.2240 1.4040 110.00 0.7650 24200 1327.50
Resistance 1 1.2200 1.4000 109.40 0.7600 24150 1325.00
Market 1.2187 1.3985 109.15 0.7577 24130 1324.00
Support 1 1.2140 1.3940 109.00 0.7540 24050 1322.50
Support 2 1.2100 1.3900 108.50 0.7500 24000 1320.00
Support 3 1.2040 1.3850 108.00 0.7470 23940 1317.50
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Market Review for April 26, 2018

Asian stocks were supported on Thursday by robust corporate earnings that helped Wall Street quell concerns about the surge in U.S. bond yields. However, sagging Chinese shares limited the upside potential of the market.

Spreadbetters expected European stocks to open higher off the back of firm U.S. stocks, pointing to a rise in Britain’s FTSE of 0.1 percent, an increase in Germany’s DAX of 0.4 percent and in France’s CAC of 0.4 percent.

The dollar hovered near 3-1/2-month highs against a basket of currencies, supported by the rise in U.S. long-term debt yields to a four-year peak.

South Korea’s KOSPI climbed 1.3 percent, with tech shares buoyed by news of a record quarterly profit from Samsung Electronics.

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Support and Resistance for April 26, 2018 - European Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.2280 1.4100 110.50 0.7700 24260 13230.00
Resistance 2 1.2240 1.4040 110.00 0.7650 24200 1327.50
Resistance 1 1.2200 1.4000 109.40 0.7600 24150 1325.00
Market 1.2180 1.3950 109.31 0.7574 24100 1324.00
Support 1 1.2140 1.3940 109.00 0.7540 24050 1322.50
Support 2 1.2100 1.3900 108.50 0.7500 24000 1320.00
Support 3 1.2040 1.3850 108.00 0.7470 23940 1317.50
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Support and Resistance for April 25, 2018 - US Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.2280 1.4100 110.50 0.7700 24200 1327.50
Resistance 2 1.2240 1.4040 110.00 0.7650 24140 1325.00
Resistance 1 1.2200 1.4000 109.40 0.7600 24100 1322.50
Market 1.2185 1.3950 109.21 0.7565 24050 1320.00
Support 1 1.2140 1.3940 109.00 0.7540 24000 1317.50
Support 2 1.2100 1.3900 108.50 0.7500 23940 1315.00
Support 3 1.2040 1.3850 108.00 0.7470 23900 1312.50
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Market Review for April 25, 2018

In the Asian session today morning, there were no material stats scheduled for release through the Asian session this morning, leaving the markets to consider the continued rise in U.S Treasury yields and the impact on the global equity markets and risk sentiment.

Volumes through the day will be on the lighter side, with the Australian and New Zealand markets closed for the day to commemorate ANZAC Day.

At the time of writing, the Japanese Yen continued to move in reverse, down 0.07% to ¥108.9 against the U.S Dollar at the time of writing, with Treasury yields and expectations of a dovish BoJ doing the job.

For the Aussie Dollar and Kiwi Dollar, a reverse in commodity prices and shift in market risk appetite weighed, with the Aussie Dollar down 0.08% to $0.7598 at the time of writing and the Kiwi Dollar down 0.16% to $0.7092.

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