Daily market review – April 20th 2017


The trading in Asian stock exchanges was on a positive note Today, after closing yesterday with a mixed trend.
New York’s stock markets closed with a mixed trend last night after gains in most of the day, when the IBM stock weighed on the Dow Jones and dragged it down, and the S&P 500 ended in negative territory also.
Only the Nasdaq managed to rise at a small rate.

The US Federal Reserve published the Beige Book yesterday, showing that the US economy has continued to grow at a modest to moderate pace in the recent past, against the backdrop of some improvement in the labor market.

The Oil prices are showing recovery.

Trading Opportunity

PUT intraday opportunity

On the 4 hours chart a triple top pattern was created around a resistance level of 1.4300.
The MACD indicate about a bearish divergence.

eur.aud d 20.4.17

On the one hour chart we marked a diagonal support line, if the pair will closed below it, it would be a sign to sell.

eur.aud 1h 20.4.17

If the pair will go above the resistance area before there was an opportunity to sell, the signal would be cancelled.


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