Daily market review – April 20th 2017

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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
EUR/AUD

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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