Created on April 19, 2026 Day traders may feel as if last week was an opportunity to ride momentum lower in WTI Crude Oil, but be unsure of where things are going next. After essentially starting the past Monday with a spike higher that put the commodity at nearly $97, this after closing the prior

I wrote on 12th April that the best trades for the week would be: Long of the USD/JPY currency pair following a daily (New York) close above ¥160. Long of Brent Crude Futures in the small chance we get a daily close above $112.50. Neither of these trades set up. A summary of last week’s

Created on April 19, 2026 The GBP/USD went into this weekend near the 1.35177 mark, essentially near a ratio the currency pair was traversing just before the start of the Iranian war. The GBP/USD did touch a high of nearly 1.36000 earlier on Friday before stumbling back to marks it had traded on Thursday. The

Created on April 19, 2026 The gold market initially fell during the week but found enough support at the $4,600 level to turn things around and jump above the $4,800 level. The interest rate situation in the United States continues to cool off and that of course is a major influence on what happens with

Daily Pivots: (S1) 158.48; (P) 158.90; (R1) 159.56; More… USD/JPY’s sideway consolidation from 160.45 continues and intraday bias stays neutral. Outlook will stay bullish as long as 157.49 cluster support (38.2% retracement of 152.25 to 160.45 at 157.31) holds. On the upside break of 160.45 will target a retest on 161.94 high. However, firm break

EUR/CHF’s sideway consolidation continued last week and outlook is unchanged. Initial bias remains neutral this week. With 0.9155 support intact, further rally is still expected. Firm break of 0.9264 will resume the rise from 0.8979 to 0.9394 resistance next. However, break of 0.9155 will turn bias back to the downside for deeper pullback. In the

EUR/AUD’s fall from 1.6842 resumed last week. Outlook is unchanged that rebound from 1.6125 should have completed after rejection by 55 D EMA. Initial bias remains on the downside this week for retesting 1.6125 low. Firm break there will resume whole down trend from 1.8554 to 1.5913 fibonacci level next. For now, risk will stay

EUR/GBP gyrated in range below 0.8740 last week and outlook is unchanged. Initial bias remains neutral this week first. As long as 0.8675 support holds, further rise remains mildly in favor. On the upside, break of 0.8740 will resume the rally from 0.8610 to 0.8788 resistance. However, firm break of 0.8675 will turn bias back

EUR/JPY’s sharp reversal last week suggests that a short term top was already formed at 187.93. Initial bias is mildly on the downside this week for 38.2% retracement of 182.56 to 187.93 at 185.87. For now, risk will stay mildly on the downside as long as 187.93 resistance holds, in case of recovery. In the

GBP/JPY’s pullback from 125.89 accelerated lower last week, but downside is contained above 213.29 resistance turned support. Initial bias stays neutral this week first. Firm break of 215.89 will resume larger up trend to 61.8% projection of 199.04 to 214.98 from 209.58 at 219.43. In the bigger picture, up trend from 123.94 (2020 low) is

USD/CAD’s extended decline last suggests that rise from 1.3480 has completed with three waves up to 1.3965. Initial bias stays on the downside this week. Sustained break of 61.8% retracement of 1.3480 to 1.3965 at 1.3665 will pave the way to retest 1.3480 low. On the upside, above 1.3736 minor resistance will turn intraday bias

AUD/USD’s up trend resumed by breaking through 0.7187 last week. Initial bias stays on the upside this week for 61.8% projection of 0.6420 to 0.7187 from 0.6832 at 0.7306. On the downside, below 0.7151 minor support will turn intraday bias neutral and bring consolidations first, before staging another rise. In the bigger picture, rise from

USD/CHF’s extended fall last week argues that rebound from 0.7603 has completed as a corrective move to 0.8041. Initial bias stays on the downside this week. Sustained break of 61.8% retracement of 0.7603 to 0.8041 at 0.7770 will pave the way to retest 0.7603 low. On the upside, above 0.7844 minor resistance will turn intraday

USD/JPY experienced some high volatility last week but after all, it’s still bounded in range trading below 160.45. Initial bias stays neutral this week first. Further rise is expected with 157.49 cluster support (38.2% retracement of 152.25 to 160.45 at 157.31) intact. On the upside break of 160.45 will target a retest on 161.94 high.

EUR/USD’s rise from 1.1408 extended higher to 1.1848 last week, but failed to take out 61.8% retracement of 1.2081 to 1.1408 at 1.1824 decisively. Initial bias is turned neutral this week first. On the upside, sustained trading above 1.1824 will pave the way to retest 1.2081 high. However, firm break of 1.1662 support will bring

USD/CAD extends almost two-week losing streak, drops below 50‑day SMA. Elevated oil prices underpin the loonie, weighing on the pair. RSI and stochastics slip into negative territory. USD/CAD is extending its corrective decline from the year‑to‑date high of 1.3965 reached in late March, sliding for a fifth consecutive session and marking nine down days in

Eurozone trade surplus narrowed sharply in February, with the goods balance falling to EUR 11.5B from EUR23.1B a year earlier, as exports declined significantly. Total exports dropped by -6.7% yoy to EUR 232.4B. Imports fell more modestly by -2.2% yoy to EUR 220.9B, pointing to weakening external demand rather than a broad-based slowdown in trade

United States: Retail Sales (Tuesday), Kevin Warsh Confirmation Hearing (Tuesday) G10 Economies: Canada CPI (Monday), U.K. Labor Market & CPI (Tuesday & Wednesday) U.S. Week Ahead Retail Sales • Tuesday Consumers have largely been unfazed by the initial move higher in prices at the pump. High-frequency credit card data from Bloomberg suggests households have continued

In today’s Market Outlook, let’s take a look at Forex Trading on Gold, XAU/USD, Silver, XAG/USD, USD/CAD, GBP/CAD, Brent, and WTI Crude Oil. Just a reminder that these videos are intended as educational, we are only observing current market conditions, and these are not to be considered as trading advice. We have been going on

Brent crude has broken below the $90 mark, confirming a decisive shift in market sentiment as geopolitical risks ease. The move follows a sharp selloff triggered by news that the Strait of Hormuz has been declared fully open for commercial shipping during the ceasefire period. The development removes one of the most critical supply risks