TriumphFX Intraday Forex Analysis – 1 Hour Charts – April 18, 2019


 

AUDUSD – 1 Hour Chart

 

As suggested in yesterday’s chart analysis, price has been finding support around the moving averages. The AUDUSD is up-trending and is currently in a retrace phase. The moving averages are bullish and steady, signalling that the uptrend could continue. Buying opportunities may exist around the dynamic support of the moving averages, around the trend support area and around the horizontal levels at 0.7170, 0.7150, 0.7140, 0.7130, 0.7115 and 0.7110. Price could be rejected or reverse around the horizontal resistance levels at 0.7185 and 0.7200.

The Reserve Bank of Australia (RBA) continues to hold the official interest rate at the record low of 1.5%. The Australian economy continues to grow at a steady pace and produce positive economic indicators under the low interest rate – giving incentive to keep the rate as it is. The US Federal Open Market Committee (FOMC)  has been raising rates steadily over the last 3 years. The current Fed Funds rate is 2.5%. Recent economic projections have been revised down though, no rate hike is now expected until the end of 2019.

US retail sales figures will be announced at 1230 UTC today.

 

EURGBP – 1 Hour Chart

 

Price has been bullish and has swung higher. The EURGBP is up-trending again. The moving averages are bullish and widening, signalling that the uptrend may continue. Long opportunities could exist around the dynamic support of the moving averages and around the horizontal levels at 0.8650, 0.8645, 0.8635, 0.8620, 0.8600 and 0.8590. A bullish move may find resistance around the recent highs at 0.8675.

Recent economic indicators for the UK have been positive – giving strength to the Pound. The Bank of England (BOE) continues to hold interest rates at 0.75% – 50 base points higher than the 2016 & 2017 low of 0.25%. Brexit continues to add uncertainty to the UK economy, holding back any rate hikes. The European Central Bank (ECB) have cut economic forecasts, some economists predicting that Europe is heading for recession. The official rate continues to be at the record low of 0.00%. This is likely to stay unchanged until the end of 2019.

European flash PMI figures will be released at 0715 and 0730 UTC today. A UK retail sales figure will be announced at 0830 UTC.

 

EURUSD – 1 Hour Chart 

 

As suggested in yesterday’s chart analysis, the EURUSD has reversed around the channel support area. Price continues to move within a large bullish channel but be indecisive. The moving averages confirm the indecision – they are tight and moving sideways. The EURUSD is ranging between the horizontal support at 1.1280 and the horizontal resistance at 1.1320. Trading opportunities may exist around the support and resistance areas of the range and if price moves out of the range (break-out trade). Trading opportunities may also exist around the bullish channel support area.

The European Central Bank (ECB) have cut economic forecasts, some economists predicting that Europe is heading for recession. The official rate continues to be at the record low of 0.00%. This is likely to stay unchanged until the end of 2019. The US Federal Open Market Committee (FOMC)  has been raising rates steadily over the last 3 years. The current Fed Funds rate is 2.5%. Recent economic projections have been revised down though, no rate hike is now expected until the end of 2019.

European flash PMI figures will be released at 0715 and 0730 UTC today. US retail sales figures will be announced at 1230 UTC.

 

GBPUSD – 1 Hour Chart

 

The GBPUSD has been finding support around the horizontal level at 1.3035 (as suggested in yesterday’s chart analysis). Price continues to be indecisive and lack trend momentum. The moving averages confirm the current indecision – they have been crossing frequently and are moving sideways. Trading opportunities could exist around the moving averages, around the previous trend support area (as resistance) and around the horizontal levels at 1.2990, 1.3005, 1.3035, 1.3050, 1.3115, 1.3120 and 1.3140.

Recent economic indicators for the UK have been positive – giving strength to the Pound. The Bank of England (BOE) continues to hold interest rates at 0.75% – 50 base points higher than the 2016 & 2017 low of 0.25%. Brexit continues to add uncertainty to the UK economy, holding back any rate hikes. The US Federal Open Market Committee (FOMC)  has been raising rates steadily over the last 3 years. The current Fed Funds rate is 2.5%. Recent economic projections have been revised down though, no rate hike is now expected until the end of 2019.

A UK retail sales figure will be announced at 0830 UTC today. US retail sales figures will be announced at 1230 UTC.

 

NZDUSD – 1 Hour Chart

 

As suggested in yesterday’s chart analysis, price reversed around the horizontal level at 0.6740. The NZDUSD continues to be indecisive and lack trend direction. The moving averages have been crossing frequently – confirming the market indecision. Trading opportunities may exist around the moving averages and around the horizontal levels at 0.6700, 0.6725, 0.6740, 0.6765, 0.6780 and 0.6800.

The Reserve Bank of New Zealand (RBNZ) continue to keep the official interest rate at 1.75%. The RBNZ have announced that the rate is likely to stay the same throughout 2019 but recent economic data for New Zealand has been poor, suggesting a further cut to rates. The US Federal Open Market Committee (FOMC)  has been raising rates steadily over the last 3 years. The current Fed Funds rate is 2.5%. Recent economic projections have been revised down though, no rate hike is now expected until the end of 2019.

US retail sales figures will be announced at 1230 UTC today.

 

USDCAD – 1 Hour Chart

 

Price continues to be indecisive. The USDCAD has formed a large horizontal channel at 1.3290-1.3395. Trading opportunities could exist around the support and resistance areas of the horizontal channel and if price closes out of the channel (break-out trade). A break to the upside may stall or reverse around the horizontal resistance at 1.3440. The moving averages have been crossing frequently and are moving sideways – confirming the market indecision.

The US Federal Open Market Committee (FOMC)  has been raising rates steadily over the last 3 years. The current Fed Funds rate is 2.5%. Recent economic projections have been revised down though, no rate hike is now expected until the end of 2019. The Bank of Canada (BOC) continues to raise interest rates, as expected. The current rate is 1.75% – it’s highest since December 2008. Further rate hikes are expected. Oil price fluctuations may impact the Canadian economy.

US retail sales figures will be announced at 1230 UTC today. A Canadian retail sales figure will be released at the same time.

 

USDCHF – 1 Hour Chart

 

As suggested in yesterday’s chart analysis, the USDCHF has continued to be bullish and move higher. Price is clearly up-trending. The moving averages are bullish and widening, signalling that the uptrend could continue. Opportunities to go long may exist around the dynamic support of the moving averages, around any of the key Fib levels and around the previous horizontal resistance at 1.0045. The USDCHF could continue to find resistance around 1.0110.

The US Federal Open Market Committee (FOMC)  has been raising rates steadily over the last 3 years. The current Fed Funds rate is 2.5%. Recent economic projections have been revised down though, no rate hike is now expected until the end of 2019. The Swiss National Bank (SNB) continues to keep rates at the all-time low of -0.75%. The Swiss economy was stagnant throughout late 2018 but has been showing signs of positive momentum so far in 2019. The Swiss Franc continues to be highly valued. The SNB has announced that it will continue to intervene with in foreign exchange markets.

US retail sales figures will be announced at 1230 UTC today.

 

USDJPY – 1 Hour Chart 

 

The USDJPY has been moving off the range support and resistance areas (as suggested in yesterday’s chart analysis). Price continues to be indecisive and range between 111.85 and 112.10. The moving averages confirm the indecision – they are tight and moving sideways. Trading opportunities could exist around the support and resistance areas of the range and if the USDJPY moves out of the range (break-out trade). A break to the downside may find support around the horizontal levels at 111.75, 111.50, 111.30 and 111.20.

The US Federal Open Market Committee (FOMC)  has been raising rates steadily over the last 3 years. The current Fed Funds rate is 2.5%. Recent economic projections have been revised down though, no rate hike is now expected until the end of 2019. The Bank of Japan (BOJ) continues to keep interest rates at the record low of -0.10%. The Japanese economy was under-performing in 2018 but is currently seeing signs of moderate expansion.

US retail sales figures will be announced at 1230 UTC today.

 

XAUUSD – 1 Hour Chart

 

As suggested in yesterday’s chart analysis, price continues to be downtrend and be bearish. The moving averages are bearish and steady, signalling that the downside momentum could continue. Opportunities to go short may exist around the dynamic resistance of the moving averages and around the horizontal levels at 1274, 1279, 1283, 1286, 1287, 1293 and 1295.

 

Start trading today with Triumph’s Forex MT4 trading platform – https://www.tfxi.com/ 

Article writing is also a excitement, if you know afterward you can write or else
it is complicated to write.

That is really attention-grabbing, You are an overly skilled
blogger. I have joined your rss feed and sit up for in quest of more of your wonderful post.
Also, I have shared your site in my social networks

I have been browsing online more than three hours today, yet I never found any interesting article like yours.

It is pretty worth enough for me. In my view, if all site owners and bloggers made good content as you did, the net will be
a lot more useful than ever before.

Good day I am so grateful I found your blog, I really found you by mistake, while
I was researching on Bing for something else, Nonetheless
I am here now and would just like to say thanks a lot for a marvelous post and a all round interesting blog (I also love the theme/design), I don’t have time to go through it all at the moment but I have saved it
and also added your RSS feeds, so when I have time I will be back to read a great deal more,
Please do keep up the fantastic work.

Propecia Leica Rol De Propecia Amoxicilina Medicine Internet Pharmacy Mastercard Accepted viagra Once A Day Amoxicillin Amoxicillin Once Daily Cialis Italia Paypal

I’m impressed, I have to admit. Genuinely rarely should i encounter a weblog that’s both educative and entertaining, and let me tell you, you may have hit the nail about the head. Your idea is outstanding; the problem is an element that insufficient persons are speaking intelligently about. I am delighted we came across this during my look for something with this.

I’m impressed, I have to admit. Genuinely rarely should i encounter a weblog that’s both educative and entertaining, and let me tell you, you may have hit the nail about the head. Your idea is outstanding; the problem is an element that insufficient persons are speaking intelligently about. I am delighted we came across this during my look for something with this.

Good day! I know this is kinda off topic however , I’d figured I’d ask.
Would you be interested in exchanging links or maybe guest writing a blog post or vice-versa?

My site discusses a lot of the same subjects
as yours and I think we could greatly benefit from each other.
If you happen to be interested feel free to send
me an e-mail. I look forward to hearing from you! Great blog by
the way!

hello!,I really like your writing so much! percentage we
be in contact more approximately your post on AOL?

I need an expert in this house to solve my problem.
May be that is you! Looking ahead to look you.

I don’t even know how I ended up here, but I thought this post was good.
I do not know who you are but definitely you’re going to a famous
blogger if you aren’t already 😉 Cheers! plenty of fish natalielise

Hi, I do think this is an excellent blog. I stumbledupon it 😉 I will return yet again since
i have saved as a favorite it. Money and freedom
is the best way to change, may you be rich and continue to guide others.

Definitely believe that which you stated. Your favorite reason seemed
to be at the net the simplest factor to take into accout of.

I say to you, I certainly get annoyed at
the same time as people think about worries that they just do not understand about.
You managed to hit the nail upon the top and defined out the whole thing with no need side effect , other people can take a signal.
Will likely be back to get more. Thank you

I’m impressed, I have to admit. Genuinely rarely should i encounter a weblog that’s both educative and entertaining, and let me tell you, you may have hit the nail about the head. Your idea is outstanding; the problem is an element that insufficient persons are speaking intelligently about. I am delighted we came across this during my look for something with this.

whoah this blog is magnificent i like reading your articles.

Stay up the good work! You understand, lots of persons
are hunting around for this info, you can aid them greatly.

Pretty section of content. I just stumbled upon your weblog and in accession capital to assert that I acquire in fact enjoyed account
your blog posts. Anyway I’ll be subscribing to your
augment and even I achievement you access consistently rapidly.

We absolutely love your blog and find most
of your post’s to be precisely what I’m looking for.
Would you offer guest writers to write content to suit your needs?
I wouldn’t mind producing a post or elaborating
on a lot of the subjects you write concerning here.
Again, awesome blog!

Do you have a spam problem on this site; I also am a blogger, and I was wondering your situation; many of us have created some nice procedures and we are looking to exchange solutions with other folks, please shoot me
an e-mail if interested.

78 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *