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Wall Street gained more than 1% on Monday at the onset of a hectic earnings week, as investors turned a hopeful eye toward several U.S. states that are relaxing shutdown restrictions put in place to curb the spread of the COVID-19 pandemic.
All three major U.S. stock averages advanced, and are all now within 20% of their record closing highs reached in February, with the benchmark S&P 500 on track for its best month since 1987, after trillions of stimulus dollars helped U.S. equities claw back much of the ground lost since the coronavirus crisis brought the economy to a grinding halt.
But some analysts believe gains may be limited unless there is progress in finding treatments for the disease.
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predictions for the day.
trading is risky if no analysis is done
AUD/JPY - is the currency pair we will be focusing on
major low levels also known as supports 69.02
major high levels also known as resistance - 69.26
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▲ 69.38 0.09 (0.12%)
Update 28/04/2020
11:23:50
Trade AUD/ JPY Now
High 69.5
Low 69.03
Open 69.31
Prev Close 73.23==========
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got a divergence formation in the daily chart today and the entry already triggered this morning........the tp for this pair will be around the monthly pivot level 8680 area......good luck
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Forex forum is the good forum in the world. It provide us facility to earn good profit by trading on it.
I have also use this forum for invest money and make trading to earn good profit.
I have used to indicators RSI and Zigzag for signal of trading then I have made trading and earn good profit.
Note:Always Follow the making experienced with others having great knowledge about trading.
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Today market trend is sell.
Technical indicators sy b pta chalta hy k market sell ki position me hy.
Resistence or suport point dawn ja ry hen jin sy pta chlta hy k market sell k haq me hy.
Hamy market k trend ko dekhty huwy trade lgani chahye. agr market ko smjy bgair trade kren gy to is sy los hony k chance zyada hen.
Agr achi earning krni hy to us k liye apka market k indicators ko smjna bohat zruri hy.
So good luck and keep it up...
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Today market trend:Buy
Resistance and support poinst also going up
Parabolic sar bollinger band rsi indicators also tell market up
So think about situation and then easily take decision for trading
Forex trading is a powerfull business in the world
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Today market trend:Sell
All indicators and moving averages tell us about market down
According to expert traders market trend is sell and do the trading in sell
If you want a good profit so learn about forex trading and make a money
Traders come in forex trading for become millionaire
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AUD/JPY chart - Trading View
AUD/JPY was trading 0.28% lower at 68.58 at around 10:35 GMT after closing largely muted in the previous session.
Back to back Doji formations on the daily candles in the previous sessions suggests upside exhaustion.
The pair is finding stiff resistance at 55-EMA and daily cloud, any further upside only on break above.
GMMA indicator shows major trend in the pair is neutral and minor trend is slowly fading upside.
RSI is turning and Stochastics are at overbought levels which raise scope for reversal.
5-DMA is immediate support at 68.54. Break below will see further weakness. Next major support aligns at 21-EMA at 67.33 ahead of 20-DMA at 66.22.
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maybe this pair will make some correction to the next high level.
I predict this pair will reach to the next resistance level,
Up trend is indicated from the Simple Moving Average and Bollinger Bands indicator .
using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit.
we must have a good strategy to get consistent profits ,
choose a strategy base on your trading style and increasing your knowledge about forex everyday.
