CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

26 April

Market News Summary

Euro continues the fall;

Swiss Franc at new low;

Gold is supported at 1,900.

Euro (EURUSD)

EURO graph candle for 26 April 2022

On the daily chart of the Euro, the overall trend remains bearish. Similarly, the price is currently intersecting the negative trend line and the level of 1.0725 on the hourly chart, indicating a significant downturn. The RSI and MACD both imply price continuation to the downside.

PIVOT POINT: 1.0725

 R1R2R3
RESISTANCE1.07601.07801.0810
 S1S2S3
SUPPORT1.07101.06701.0640

Swiss Franc (USDCHF)

Swiss Franc graph candle for 26 April 2022

The overall trend of the Swiss Franc price in the daily time frame is bullish. Similarly, pricing has produced a succession of higher highs in the hourly time frame, indicating that prices will continue to rise. Although the price is now stabilizing at 0.9590, the RSI and MACD technical indicators suggest no clear trend.

PIVOT POINT: 0.9590

 R1R2R3
RESISTANCE0.96100.96400.9670
 S1S2S3
SUPPORT0.95700.95450.9525

Spot Gold (XAUUSD)

Spot Gold graph candle for 26 April 2022

Gold has rallied back from a previous support level of 1,890, which has been held since March 29th. On the hourly chart, the price appears to be making a series of lower lows, and is currently at 1,905, intersecting the 20-candle moving average. Both the RSI and the MACD point to a likely continuation of the downward trend.

PIVOT POINT: 1,905

 R1R2R3
RESISTANCE1,9151,9201,930
 S1S2S3
SUPPORT1,8901,8801,870

WTI (USOUSD)

WTI graph candle for 26 April 2022

WTI is now trading at $99.70 per barrel. Around the current price of USOUSD from the hourly time frame, there appears to be an intersection between the Fibonacci retracement level of 61.8 and the downward trend line, which might lead to a likely price continuation to the downside. The RSI and MACD both indicate a bearish trend.

PIVOT POINT: 99.70

 R1R2R3
RESISTANCE101.55102.90104.10
 S1S2S3
SUPPORT97.8096.3094.40

Bitcoin (BTCUSD)

Bitcoin graph candle for 26 April 2022

On the daily chart of Bitcoin, a potential bearish flag can be seen, which could lead to a downward trend. After a strong pullback from the support level of 38,140, the hourly chart trend is likewise bearish. The RSI indicates an overbought condition, while the MACD indicates a possible price decline.

PIVOT POINT: 40,605

 R1R2R3
RESISTANCE41,25041,99042,920
 S1S2S3
SUPPORT39,84039,02538,140

RISK WARNING
All investments entail risks and may result in both profits and losses. In particular, trading leveraged derivative products such as Foreign Exchange (Forex) and Contracts for Difference (CFDs) carries a high level of risk to your capital. All these derivative products, many of which are leveraged, may not be appropriate for all investors. The effect of leverage is that both gains and losses are magnified. The prices of leveraged derivative products may change to your disadvantage very quickly, it is possible for you to lose more than your invested capital and you may be requiredto make further payments. It is important that you understand that with investments, your capital is at risk. Past performance is not a guide to future performance. It is your responsibility to ensure that you make an informed decision about whether or not to invest with us. Before deciding to invest in any financial product, you should carefully consider your investment objectives, trading knowledge and experience and affordability. You should seek independent professional financial advice if you do not understand the risks involved. You should only trade in Forex and CFDs if you have sufficient knowledge and experience of the risks involved in trading such products and if you are dealing with money that you can afford to lose. STARTRADER LLC assumes no liability for any loss sustained from trading in accordance with a recommendation. Trading via this website is with STARTRADER LLC.

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