Signals and Analysis from the DailyForex Trading Room - April 29, 2021


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USD/JPY Technical Analysis: Awaiting US Economic Growth Rate - 29 April 2021
2021-04-29 08:20:15

After an upward correction had the USD/JPY pair testing the 109.07 resistance level, it quickly retreated to the 108.55 support level as of this writing.

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EUR/USD Technical Analysis: Is it Time to Sell? - 29 April 2021
2021-04-29 08:11:26

The upward correction path for the EUR/USD is getting stronger.

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AUD/USD Forex Signal: Consolidation 0.7697 – 0.7816 - 29 April 2021
2021-04-29 07:50:46

The 0.7816 level remains extremely pivotal.

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EUR/USD Forecast: Euro Peaks Above Downtrend Line - 29 April 2021
2021-04-29 07:45:04

The euro shot above the uptrend line during the trading session on Wednesday as we awaited the Federal Reserve FOMC statement and press conference.

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WTI Crude Oil Forecast: Market Rallies on Recovery Hopes - 29 April 2021
2021-04-29 07:34:51

The crude oil markets rallied rather significantly during the trading session on Wednesday as we continue to look at recovery as driving demand much higher.

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