16 Apr
Daily technical analysis of currencies on Thursday 16-4-2020

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.


 Important note: We started with the narrow ring movement with the dollar index, which we mentioned in our weekly analyzes. And God Almighty is higher and more knowledgeable. Therefore, caution must be exercised in today's trading Thursday and Friday tomorrow. 

EUR dollars

A head and shoulders pattern appears on the hourly frame, a reflexive selling pattern provided that the 1.0839 targets the pair are targeted at 1.0745, in case the pair's neckline is confirmed broken

Influential news: US unemployment complaints at 3.30 pm Al-Quds Al-Sharif time

Best recommendations: Selling either from the highest condition, Price Action, Areas of 1.0955 Waqf, of course, above the reversal pattern, Selling also with a break of 1.0839 with targets of 1.0745, Waqf 1.0945.


Cable

The pair is still dodging and we believe that the rest has to rise until 1.2429 is broken the best of the neutrality and not to take deals on the pair for this day until we confirm the direction of the husband during the next period.

Influential news: US unemployment complaints at 3.30 pm Al-Quds Al-Sharif time.

Best recommendations: No chances for a husband.


Yen dollars

We believe that the pair is bullish during the trading today, as shown on the chart, positive closings of the dollar yen pair, breaching a downtrend and concentrating above the 50-day moving average.

Influential news: US unemployment complaints at 3.30 pm Al-Quds Al-Sharif time

Best recommendations: Buy the pair from 107.47, stop, 106.90, target, 108.30.


Franc dollars

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