Hi Traders! US Session technical analysis April 19th is here. Its time to analyze the changes that has occurred in the market today and the opportunities it has created for us. My analysis of some of the important currency pairs are as follows:
EURUSD H4 Chart:
In this pair the price which was below the 1.069 key level has moved higher above this level now. Currently there is a small bearish momentum and the price is moving down towards the key level again. If the price breaks out of this level and the uptrend line then we might expect the price to move lower and reach the 1.053 support zone. Until the key level 1.069 holds this is a good place to look for buys.
GBPUSD H4 Chart:
In this pair we have higher highs and the price which was in the 1.258 support level has moved higher with three powerful green bars and has reached the 1.286 resistance zone. Price got rejected from this level and currently we have a bearish momentum which is expected to be the correction and once this correction completes itself we can expect the price to move higher above this level. This might be a good place to look for buys.
AUDUSD H4 Chart:
In this pair after the bullish divergence and bullish convergence, we were expecting a correction to happen. As expected the correction has happened and it might be near its end as we have a bullish hidden divergence forming now. Once this bullish hidden divergence completes itself we can confirm this and might expect the price to move higher above the resistance level 0.753. This is a good place to look for buy as long as swing low holds.
Gold H4 Chart:
The price which was below the 1283 key level has moved higher and got rejected from the 1290 resistance zone. Currently the price has reached the 1283 key level again. If the price breaks below the last low at 1278 then we might expect the price to move lower and reach the 1273 support zone whereas if the breakout doesn’t happen we may expect the price to move higher towards the 1290 resistance zone again.
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