Wednesday 27 April 2016

Forex Market Overview


The Bonds Market sent "bullish signs": the US and Japanese securities yield differential extended again which turned into a bullish component for the US cash. The oil market development can turn into the driver for the dollar to develop.

The cost is finding the primary backing at 110.60, the following one is at 109.60. The cost is finding the main resistance at 111.40, the following one is at 112.20.

There is an affirmed and a solid purchase signal. The cost is over the Ichimoku Cloud and it is over the Chinkou Span. The Tenkan-sen demonstrates a flat development and the Kijun-sen demonstrates an upward development. The upward development will be until the cost is over the Cloud.

The MACD pointer is in a positive region. The cost is developing.

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