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• EURUSD

As could be seen on the daily chart that the pair is traded above an uptrend line shown in red. Also, the last part of the chart shows that the pair is ranging between two strong levels: 1.1846 (resistance) and 1.1530 (support). The expected scenario of the week is that as long as the pair is traded above the support mentioned above along with the uptrend line, it is highly recommended to go long targeting the level of 1.1846 during the week. On the other hand, breaching the level of 1.1530 along with the uptrend line can open the door for further downward movement during the week that it may reach the level of 1.13.

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• GBPUSD

The daily chart shows very strong levels that may help the GBP to gain value against the American dollar. To begin with, the golden Fibonacci level of 0.618 (1.29) of the wave that started in the 16^th of Jan 2017 which has extended upwards to the level of 1.4378 (in the 16^th of April 2018), acts as a strong support level which in turn will push the price to retest the broken uptrend line (in red). So, the pair might find a strong resistance at 1.32. Therefore, we believe that as long as the pair is traded above the support level mentioned above, it is highly recommended to go long targeting the level of 1.32 during the week.

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• GOLD

As could be seen on the 4h timeframe that the pair is traded right below two strong resistance levels: 1235 and the downtrend line shown on the chart in red. So, we believe that as long as the pair is traded below them, it is highly recommended to go short targeting the level of 1210 during the week.

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• AUDUSD

The daily timeframe shows that the pair is traded above a strong support level that could be found at 0.73. So, we believe that as long as the pair is traded above this level, it is highly recommended to go long targeting the level of 0.74 during the week.

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• GBPJPY

As could be seen on the daily chart that the pair is traded within an ascending channel and right above the downside of it which is very positive for the pair. We believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 151 during the week. This is conditioned by the continuation of trading above the downside of the channel.

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