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Overview of the new trading day 04-19-2018

We have written this article for premium and non-premium members.

We are getting a lot of questions and we would like to summarize our approach to markets today.

Below you can find our copy trade account and you can see and follow the closed trades over there.

XAGUSD Silver:

Yesterday we have mentioned in Echofin room that we predict a bullish movement and we generated nice profits ( 5% growth in our account in 2 hours ). 17.20 was our first target. we have closed the long trades and waiting for some pullback. However, we can easily say that if the price makes a daily closing above 17.20, 17.96 and 18.33 will be the next targets of the Silver.


We are bullish and our targets are clear. You may read the latest articles. Our first midterm target is 1375.


Our midterm prediction is Bearish and our assessment is the pair will test 1.21000. The main bullish move may start at the end of Summer 2018.

Shortterm: The trend is bullish.

Key levels for today: Upside: 1.23900 and 1.24200 Downside: 1.23590 and 1.23300. Shortterm bearish movement will be confirmed if the price makes H4 closing below 1.23300.


Cable dropped yesterday, triggered by the disappointing UK financial figures. This was a necessary technical correction. Today we will have a strong data release and we plan to enter Long with the possible positive UK data. Our midterm targets are 1.46500 and 1.48000. We will use pullbacks as buying opportunities.


Bearish for sure. Levels to sell: 0.87400 0.87800… We will wait for UK data. Our midterm targets are 0.85400 and 0.84300.


Our midterm targets are 156.200 and 158.000. We will wait for UK data as well.


We were long and we still see a potential bullish move. 1.07800 and 1.08700 are the first targets of the pair.


We are waiting for a nice pullback level to enter long again.  If price breaks below 1.93480, 1.92800 can be tested. And we will use this level as a buying opportunity. A positive data of today will trigger the bullish move without a doubt.


As we have mentioned before, daily closing above 107.810 will confirm us 109.100 and 110.330.

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

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Forex Trading involves risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.


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