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EUR/USD Bull Signals Are Increasing

By MyFXspot researchForexApr 14, 2019 05:22AM ET
www.investing.com/analysis/stay-eurusd-long-for-11370-200406559
EUR/USD Bull Signals Are Increasing
By MyFXspot research   |  Apr 14, 2019 05:22AM ET
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MyFXspot.com Trade Ideas

  • EUR/USD: long at 1.1260, take profit at 1.1370, stop-loss 1.1205
  • USD/JPY: long at 111.05, take profit at 112.50, stop-loss 110.30
  • AUD/USD: long at 0.7150, take profit at 0.7300, stop-loss 0.7075
  • EUR/JPY: long at 125.20, take profit at 128.00, stop-loss 124.00
  • AUD/JPY: long at 79.50, take profit at 81.50, stop-loss 78.50
  • XAU/USD: long at 1300.00, take profit at 1360.00, stop-loss 1270.00

Market Overview

Signs of economic stabilization in China and a strong start to U.S. corporate earnings season boosted demand for riskier assets, leaving the dollar to turn in its worst weekly performance against the euro in four weeks.

China's exports rebounded in March but imports shrank for a fourth straight month and at a sharper pace, painting a mixed picture of the economy as trade talks with the United States reach their endgame.

Investors are hoping for signs of economic recovery in China to temper worries about slowing global growth after the IMF this week downgraded its 2019 world outlook for the third time.

China factory surveys for March had provided some glimmers of hope that demand was improving at home and abroad, suggesting government stimulus measures may be starting to take hold.

While export orders remained sluggish, there were signs that a long spell of contraction was easing even as trade talks with the United States appeared to be making progress.

Washington and Beijing have largely agreed on a mechanism to police any trade agreement they reach, including establishing new "enforcement offices," U.S. Treasury Secretary Steven Mnuchin said on Wednesday.

However, a top White House official said on Monday the U.S. side is "not satisfied yet" about all the issues standing in the way of a deal to end the U.S.-China trade war.


Trade ideas

EUR/USD bull signals are increasing. The 55-day moving average and daily cloud base have been pierced while RSIs are rising. While bull signs grow the pair trades near the midpoint of the March-April decline. We stay long for 1.1370 target.

Our USD/JPY long opened at 111.05 looks good. The USD/JPY pierced 112, but need to close above 2019's 112.13 high to extend the uptrend toward the downtrend line off of 2018 highs, now at 112.90. USD/JPY outlook remains bullish. Let’s remind that recent outcome from our portfolio structure optimizer showed USD/JPY long position could be a good pick for the current phase of the economic cycle.

EUR/USD Bull Signals Are Increasing
 

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EUR/USD Bull Signals Are Increasing

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Comments (2)
frenk omoruyi
frenk omoruyi Apr 14, 2019 4:32PM ET
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This signals a for 14/4/19???
Gopolang Israel
Gopolang Israel Apr 14, 2019 12:09PM ET
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preparing for Monday with a Bull movement
 
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