07 Apr
Daily technical analysis of currencies on Tuesday 7-4-2020

In the name of of Allah the Merciful

May God grant you good morning

We offer you daily technical analysis of currencies and the best forex recommendations expected for today. Free Forex recommendations for all followers and followers of Hinnawi FX site specialized in Forex analysis and currency market analysis daily. We offer the best free Forex recommendations with high accuracy and great professionalism.


EUR dollars


The EURUSD pair has breached the falling trend line that complements the falling channel shown on the above chart after forming a checkout pattern (a previous hidden check test was shown on the chart, the MACD indicator is trying to get rid of its negativity, wait for a break of the 1.0840 area to confirm the strength of the bullish trend formed.

We think the trend is to the upside today

No significant news during this day's trading

Best recommendations for buying EUR dollars with targets 1.0840 - 1.0900 endowment 1.0760


Pound dollars


The pair achieved full buying targets during Monday's trading before taking a bearish evening during the American session, as it formed a minor bearish trend as we notice on the chart, a break of 1.2330 the pattern fails to reinforce the chances of going up again, it can be sold from the current levels by stopping at 1.2330 but the sale warned me and I I am not currently with him, especially the emergence of diver positive sex and tails from below the candles that support the rise, so it is better to wait for confirmations to penetrate the trend to enter with the expected wave of ascension and God Almighty is higher and knowing.

The expected direction is to the upside for today, with a break above 1.2330

No important news during this day's trading

Best recommendations: Buy the pair with a break below 1.2330


Yen dollars

The situation is perplexing for this pair (a breakout of 108.75 is pushing up and it has happened + the pair has risen to form a double top, which is an opposite sign with the indication of the rise) therefore I prefer to follow the pair for today and enter buy

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