VantagePoint Forex Weekly Outlook for April 30th, 2018

VantagePoint Forex Weekly Outlook for April 30th, 2018

Forex Weekly Outlook for April 30th, 2018

The Forex Weekly Outlook is designed to help traders remain aware of correlations in the global markets. Traders can become more profitable if they know how to get ahead of the trends. Utilizing the predictive indicators and correlated relationships in VantagePoint Software can help traders find the right trades and the right times to enter and exit those trades. Let’s look at the charts for the U.S. Dollar and the major pairs.

Forex and the U.S. Dollar

The U.S. Dollar Index is the backbone of forex trading. The bulk of the trades involves buying or selling the U.S. dollar. Understanding the movements of the individual market will greatly benefit forex traders as they will be able to better predict the movements of the pairs based on the IDX market movement.

Key levels and market movements:

The US Dollar has a big week in store with the FOMC and non-farm payroll coming up. Indicators from VantagePoint are warning traders to be cautious. Overall, the US Dollar is bullish, but it’s losing momentum.

What do the indicators say?

The VantagePoint key level is at 90.178 and the VantagePoint PRSI is at 76.9

Forex Weekly Outlook for Major Pairs

The major pairs are where most Forex traders trade the market. In the Forex Weekly Outlook we take a look at the most popular pairs analyzing price action, news events and/or risk off scenarios that could play a role in market movement, and a series of VantagePoint charts that best present information that can assist traders in determining where the market may move in the week ahead.

Euro/U.S. Dollar (EUR/USD)

What do the indicators say?

The VantagePoint key level is at 1.2253 and the VantagePoint PRSI is at 17.4.

U.S. Dollar/Swiss Franc (USD/CHF)

What do the indicators say?

The VantagePoint key level is at 0.9706 and the VantagePoint PRSI is at 85.9.

British Pound/U.S. Dollar (GBP/USD)

What do the indicators say?

The VantagePoint key level is at 1.4038 and the VantagePoint PRSI is at 6.6.

U.S. Dollar/Japanese Yen (USD/JPY)

What do the indicators say?

The VantagePoint key level is at 107.89 and the VantagePoint PRSI is at 71.7.

The Commodities Currencies

U.S. Dollar/Canadian Dollar (USD/CAD)

What do the indicators say?

The VantagePoint key level is at 1.2770 and the VantagePoint PRSI is at 73.6.

Australian Dollar/U.S. Dollar (AUD/USD)

What do the indicators say?

The VantagePoint key level is at 0.7666 and the VantagePoint PRSI is at 24.3.

New Zealand Dollar/U.S. Dollar (NZD/USD)

What do the indicators say?

The VantagePoint key level is at 0.7225 and the VantagePoint PRSI is at 15.0

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By | 2018-04-30T12:09:14+00:00 April 30th, 2018|Forex|0 Comments

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