• Duncan Cooper , Senior Market Strategist & Trading Mentor at ACY


• 27.04.2022 09:00 am
#stocks , Duncan Cooper is a full-time trader and mentor and the Senior Market Strategist at ACY Securities. Trading full-time since 2009, Duncan's insights are from the battleground of real-time markets, not theory, and he thrives on educating traders to reach their financial goals

Overview:

Watch the video for the key trading levels for the week ahead for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD.

Last week EURJPY was the only pair to hold a gain for the week. AUDJPY, AUDUSD, EURUSD, GBPJPY, and GBPUSD all finished down for the week. GBPUSD broke strongly below the 1.3000 weekly support level on Friday and closed below the 1.2854 weekly support level.

AUDJPY Daily chart:

Monthly support at 90.72, 90.29, and 86.24, resistance at 97.29.

Weekly support at 90.72, resistance at 94.31.

Daily support at 93.07 and 92.39, resistance at 93.85, 94.15, and 98.73.

Price false broke the 94.31 weekly resistance level last week. Will price continue to decline and move below the 93.07 and 92.39 daily support levels this week?

AUDUSD Daily chart:

Monthly support at 0.6967, resistance at 0.7555.

Weekly support at 0.6993, resistance at 0.7314.

Daily support at 0.7165, resistance at 0.7339, 0.7367, and 0.7456.

Price declined below the 0.7314 weekly support level last week. Will price decline back down to the 0.7165 daily support level this week?

EURJPY Daily chart:

Monthly support at 137.49 and 134.12, resistance at 141.04.

Weekly support at 137.52, resistance at 138.99.

Daily support at 137.12, resistance at 138.99.

Price broke above the 137.49 monthly resistance level last week. Will price decline back down to the 137.52-49 weekly/monthly support area this week?

EURUSD Daily chart:

Monthly support at 1.0635.

Weekly support at 1.0806 and 1.0727, resistance at 1.1121 and 1.1186.

Daily support at 1.0757, resistance at 1.0900, 1.0923, 1.0945, and 1.0961.

Price closed below the 1.0806 weekly support level last week. Will price continue to decline and move below the 1.0757 daily support level this week?

GBPJPY Daily chart:

Monthly support at 163.87 and 163.06, resistance at 168.01.

Weekly support at 163.87, resistance at 168.01.

Daily support at 164.64 and 159.04, resistance at 168.42.

Price rejected the 168.01 monthly resistance level last week. Will price hold above the 164.64 daily support level or continue to decline this week?

GBPUSD Daily chart:

Monthly resistance at 1.3168.

Weekly support at 1.2854, 1.2813, and 1.2675, resistance at 1.3000.

Daily support at 1.2813, resistance at 1.2973.

Price broke strongly below the 1.3000 weekly support level and closed below the 1.2854 weekly support level last week. Will price hold below the 1.2854 weekly support level and further decline or rally back to the 1.3000 weekly resistance level this week?

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.