08 Apr
Daily technical analysis of currencies on Wednesday 8-4-2020

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 goals of the pair were achieved for trading on Tuesday, as the pair touched 1.0920 areas to achieve the first buying targets, the pair closes came positive and supportive for further upside, MACD indicators are positive, upward momentum is clear, penetration and stability of the top of the falling channel.

We think the trend for today is still bullish

Effective news: Minutes of the Federal Committee meeting at 9:00 pm, Al-Quds Al-Sharif time.

Best recommendations: Buy EUR now from 1.0865 Endowment 1.0815 Target 1.0920 - 1.0960


Pound dollars


Positive closings for the husband, as we expected during yesterday's trading. The buying targets were achieved, thanks to God Almighty, daily closing that supports more and more ups, God willing.

We think the trend is to the upside today

Effective news: Minutes of the Federal Committee meeting at 9:00 pm, Al-Quds Al-Sharif time.

Today's recommendations: Buy from 1.2300 Target 1.2380 - 1.2420 Endowment 1.2260


Yen dollars


We are waiting for the pair to breach the descending channel with a breakout of 109.15 to activate the flag pattern and know the targets of 110.00, God Almighty

We think, the bullish trend requires 109.15 breach

Effective news: Minutes of the Federal Committee meeting at 9:00 pm, Al-Quds Al-Sharif time.

Best recommendations: Buy breakthrough 109.15, stop 108.50, target 110.00 - 110.50


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