LeTechs Forex Blog - 28th April 2016 - Natural Gas, Crude Oil, Gold and Currencies Trading Signals

28 Apr

28th April 2016 - Natural Gas, Crude Oil, Gold and Currencies Trading Signals

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Daily Technical Analysis on 28th April 2016. Today’s Technical Analysis Pairs: EURUSD, GBPUSD, USDJPY, XAUUSD, Crude Oil & Natural Gas

EURUSD

In the bond marketplace, the government bonds yield discrepancy both the US & Germany reduced, which was a "bullish" cause for the euro. The commodity marketplace showed an uphill trend that conventionally had a negative collision on the dollar as commodity values are in the US exchange. The US Fed conference was the focal point of the sell attention.

The 1st support takes place at 1.126 levels & then at 1.115 levels. The 1st resistance remains at 1.135 levels, the other one is at 1.145 levels. It’s a confirmed & a weak sell signal. We might be expecting the drop towards 1.126 levels further on we anticipate a descending movement to 1.115 levels.

GBPUSD

The UK Gross home Product rise up by 0.4 percent, as predictable. The UK financial system shows a growth of 0.6 percent. The value is finding the 1st support at the levels of 1.448; the other one is at 1.44 levels. The value is finding the 1st resistance at 1.456 levels; the other one is at 1.465 levels.

It’s a confirmed & a well-built buy signal. MACD indicator is in a positive region. The value is acceptable. We wait for the 1.448 levels line shatter that will open the method for the sellers to 1.44 levels.

USDJPY

USDJPY the trading action was low as traders remained for the Fed & the BOJ-Bank of Japan conference effect. The value is verdict the 1st support at 110.6 levels, after those 109.6 levels. The value is verdict the 1st resistance at 111.4 levels, the other one is at 112.2 levels.

It’s a confirmed & a puny buy signal. MACD indicator is in a positive region. The value is rising. The buyers call for breaks on top of 111.4 levels for a stable growth. The approach to the mark 112.2 level will be released after this burst through.

Natural Gas

Natural Gas prices sustained to retreat Wednesday since almost three-month highs on fears about less demand. Vigorous output & reasonable indoor-heating order has pushed the natural-gas marketplace into saturated, with supply standing nearly 50 percent higher than average levels for this occasion of years. Though, weather-driven require is anticipated to remain restrained in the upcoming two weeks, according to analysts.

The value appears to have detained over support close to the 20-day moving average at 2. Momentum has twisted negative as the MACD indicator generates a sell signal.

XAUUSD

XAUUSD – Gold prices moved high in early trade as risk repugnance edged back into the marketplace following the softer than anticipated earnings amount for Apple. Throughout the US trading session, stocks stirred superior pushing the values of the yellow metal rear on the way to support close to the 10-day moving average at 1.239 levels. Resistance on this yellow metal was seen close to the April highs at 1.27 levels. Momentum on gold value is smooth with the MACD indicator publishing next to the zero index level.

Crude Oil

Crude Oil prices ruined out & hit a fresh 2016 elevated follows a statement from the Department of Energy with the intention of showed waning US production. Concentrate stocks also restrained while demand constant to show potency. Petroleum stocks carry on to reasonable, at 540.6 million barrels, US crude oil inventory is at previously high levels for this moment of years. Prices clogged over the 200-day moving average which is now perceived as support at 44.25 levels. Momentum has twisted positive as the MACD indicator creates a buy signal.

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