Desktop, tablet & mobile - Forex trading platform

Australian Financial Services (AFS) Licence 246566

Daily Market Overview and Trade Ideas

Carney Smashes GBP as BOE rate hike hopes Sink -20th April

-AUD Intraday Key Reversal

-Russia Sanctions hurt stocks and risk appetite

-GBP/USD crushed on dovish Carney

Daily Trading Ideas

AUDJPY approaching support, watch for breakout!

AUDJPY is approaching our first support at 82.69 (horizontal overlap support, 38.2% Fibonacci retracement). A breakout below this level might trigger a strong reaction pushing price down to our major support at 81.90 (horizontal overlap support, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure, in line with our bearish view.

RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.

NZDUSD testing support, potential bounce!

NZDUSD is testing our first support at 0.7244 (horizontal overlap support, 61.8% Fibonacci retracement). A strong bounce could occur above this level pushing price up to our major resistance at 0.7375 (horizontal swing high resistance, 61.8% Fibonacci extension).

Stochastic (55,5,3) is also approaching our major support and a bounce off this level might be a good precursor for a potential rise in price.

USDCHF testing resistance, potential drop!

USDCHF is testing our first resistance at 0.9714 (horizontal overlap resistance). A strong reaction might occur below this level, pushing price down to our major support at 0.9647 (horizontal pullback support) which coincides with our long term ascending support line.

Stochastic (89,5,3) is also approaching our major resistance and we might see a corresponding drop in price should it react off this level.

EURUSD approaching support, potential bounce!

EURUSD is approaching our first support at 1.234 (horizontal overlap support, 61.8% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.2395 (horizontal swing high resistance, 100% Fibonacci extension).

Stochastic (55,5,3) is also seeing a bullish divergence and is approaching our major support where a bounce off this level might be a good precursor for a potential rise in price.

easyMarkets / APAC Dealing Team


Australia (toll free) T 1800 176 935

International +61 9299 9466
Singapore (local call ) 31583201
New Zealand (toll free) 0800 327939
Malaysia (local call) 0154 8770 898
Philippines (local call) 1800 1116 1125

Trade Forex, Commodities, Indices, Vanilla Options on our New Trading Platform.

Through its real-time Forex trading platform, easyMarkets Australia offers complete suite of tool for Web, Desktop, Mobile and MT4 trading with 24 hours a day support and Dealing room service. In addition, easyMarkets provides One on One Forex training, The Trading School – Video on Demand trading lessons, and seminars.

Why trade with easyMarkets?

  • Unique dealCancellation feature
  • Guaranteed Stop-Loss Rate
  • Competitive spreads
  • No commissions
  • Online trading with Live, real time quotes.
  • No software downloads
  • Start trading within minutes.
  • Freeze and Trade© to be launched shortly.
Daily Archive

DAILY ARCHIVE

FOREX MARKET

A summary of the previous day’s foreign exchange market movements

READ MORE >
Weekly Archive

WEEKLY ARCHIVE

CURRENCY MARKET

An in-depth market summary of the previous week’s foreign exchange trading movements

READ MORE >
Currencies Archive

CURRENCIES ARCHIVE

Weekly summary of currencies trading movements

READ MORE >

Our Awards

Try easyMarkets today

Get a free online demonstration of our leading online Forex trading platform.

Thank you for contacting us.

We have received your enquiry.

Risk Warning: easyMarkets Pty Ltd (AFSL 246566, ABN 73 107 184510) makes no recommendations as to the merits of any financial product referred to in this advertisement, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. Therefore you should consider whether these products are appropriate in view of your objectives, financial situation and needs as well as considering the risks associated in dealing with those products. easyMarkets Pty Ltd recommends that you read the PDS, the Terms & Conditions and the FSG before making any decision concerning easyMarkets Pty Ltd financial products. Forex and CFD trading involves substantial risk of loss. Do not invest money you cannot afford to lose.

Follow us:

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.