Weekly Forex Outlook: May 1-4…
Weekly Forex Outlook: May 1-4…

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market keep staying on the Cloud’s support on daily timeframe.

EUR/GBP plummeted across the board during April 26th journey, as the sellers have been actively pushing the pair to the downside and below the 200 SMA at H1 chart…
Today the US dollar was not able to stick at the top and fell…

The market is likely going to test the closest support at 1.3873 - 1.3856. Meanwhile, if a pullback from this area happens little later on...

GBP/JPY managed to make a rebound around the Fibonacci level of 65% at 150…

GBP/NZD broke key resistance level 1…

If a pullback from the 34 MA happens little later on, there'll be an opportunity to have another decline...

Recommendations: BUY 1…

Expanding bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market made new local lows, but it’s extremely oversold.

GBP/CHF is looking to resume the bullish bias across the board, following a fall held since April 18, where a resistance area has been established around 1…
As the geopolitical and trade tensions eased, the US dollar is continuing to rise…
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