Weekly Summary And Review 18th April 2025

Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of April 18th 2025 is here. It is now time to recap and summarize the trade setups that we had during this week. Below you will find a short explanation of all the trade setups we had this week and how it has currently developed now.

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Trading Ideas (Blog Posts)

EURUSD – My idea here was “On the H4 chart, currently we have a strong bullish momentum and the price which is moving higher has created higher highs based on the MACD indicator, which is a sign of gaining momentum towards the bullish side. In addition to this, the ADX indicator gave a bullish signal here at the cross of +DI (green line) versus -DI (red line) and the main signal line (silver line) reads value over 25, we may consider this as yet another evidence of bullish pressure. Also we had a strong resistance zone that have formed and the price which is moving higher has broken above this zone and is holding above it. After the breakout, this strong resistance zone is acting as a strong support zone for us. So everything looks good here for the bulls here as well and until the strong support zone (marked in green) shown in the image below holds my short-term view remains bullish here and I expect the price to move higher further after pullbacks”.

Current Scenario – My plan still remains the same in Gold, that is until the two key support zones hold my short-term view still remains bullish here and I expect the price to move higher further after pullbacks.

Oil – My idea here was “On the H4 chart, we could see that currently we have a strong bearish momentum here as well. Also while measuring this strong bearish move we have two key resistance zones that has formed. The first key resistance zone is formed based on the 38.2%(61.32) – 50%(63.35) Fibonacci retracement levels of the strong bearish move. The second key resistance zone is formed based on the 61.8%(65.38) Fibonacci retracement levels of the strong bearish move. Until both these key resistance zones shown in the image below (marked in red) holds my short term view remains bearish here and I expect the price to move lower further”.

Current Scenario – My plan didn’t change in Oil, that is until the two key resistance zones shown in the image below holds my short term view remains bearish here and I expect the price to move lower further.

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Happy Trading!

Arvinth Akash
Home Trader Club Team.

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