Analyst from the company ForexMart (ForeksMart)
Commodity prices forecast for April 19
Gold increased again to the maximum level of 1295. The demand for the precious metal rising from the weakening of the US currency. US conflict with North Korea is putting pressure on the dollar. Escalation of the conflict will allow quotes to overcome the level of 1300. The forecast for today involves the growth of quotations of gold in the area in 1297.
GBP / USD. 19.04. Pound actively growing
Yesterday the pair showed impressive growth. Height inside of the day was 278 points, allowing escape pound higher than 1.28. Such a serious correction was caused by the Prime Minister of Great Britain reports that the country needs a new election. Pound upward movement is limited level of 1.2917. RSI is overbought above 70 and rising. MACD is in the positive zone and is actively growing. Quotes are located above the MA, which confirms the intention funta.Urovni Support: 1.2773, 1.2705, 1.2673, 1.2614, 1.25880, 1.2556, resistance 1,2504.Urovni: 1.2917.
USD / CHF. 19.04. The pair reached the target at 0.9950
Currency pair USD / CHF broke the resistance at 1.0000 and is very close to the target at 0.9950, reinforced area of 38.2 Fibonacci downtrend line and SMA (200). Frank, who is considered a relatively safe asset, growing in anticipation of the upcoming elections in France. Today's statistics for the euro area were generally in line with analysts 'expectations, the focus of attention "Beige Book" US Federal Reserve, which could confirm investors' concerns about the US dollar. In the RSI (7) located on the boundary of a pair pereprodannosti, so in the near future can be expected from a strong correction level 0.9500 up to parity lines. However, we do not consider the purchase, because they are against the trend.
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