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Forex Forecast / Forex Signals / Forex Trade Setup April 12th

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Rate Us If you like our free Forex Forecast and Signals, PLEASE, if you do like our free report, take a few seconds of your life and give us a good rating. Forex Chart Review and Forecast We had a small data loss yesterday in our backup and restore, our forecast report for April 11th never got restored; we will not try to restore it at this point because it would invalidate this post in that case. We still have the images from our forecast and we have included them in today's report. Let’s review our Forex charts HERE, on, April…

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Forex Chart Review and Forecast

We had a small data loss yesterday in our backup and restore, our forecast report for April 11th never got restored; we will not try to restore it at this point because it would invalidate this post in that case. We still have the images from our forecast and we have included them in today’s report.

Let’s review our Forex charts HERE, on, April 11th, 2018, in our Forex Signal and Forecast report, we stated that we were looking at DXY reaching down to 89.43 and EURUSD to reach up to test 1.2400. While DXY did reach the 89.43 level, EURUSD came short of reaching all the way up to 1.2400 but got close enough; we continue looking at DXY being bullish today and pushing up towards 90.35 level again and EURUSD dropping down towards 1.22878, basically going back to where it was at the beginning of this week.

We expect DXY to break above 90.35 possibly by the end of this week or early next week, this means that we believe EURUSD will drop below 1.22471 as well.

Forex News Review

In today’s Forex Forecast and Signals, we start by reviewing our Forex economic calendar HERE,  it is a rather slow week as far as reports go but listed below are the reports we believe can create some volatility today.

  • ECB Cœuré Speech (EUR) 
  • New Housing Price Index (MoM) (CAD)
    • The New Housing Price Index (NHPI) released by the Statistics Canada is a monthly series that measures changes over time in the contractors’ selling prices of new residential houses, where detailed specifications pertaining to each house remain the same between two consecutive periods.
  • Continuing Jobless Claims (USA)
    • The Counting Jobless Claims released by the US Department of Labor measure the number of individuals who are unemployed and are currently receiving unemployment benefits.
  • Initial Jobless Claims (USA)
    • The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance.
  • FOMC Member Kashkari Speech (USA)
    • Neel Kashkari took office January 1, 2016, as the 13th president and chief executive officer of the Ninth District Federal Reserve Bank, at Minneapolis. 

CHARTS REVIEWS

Review our charts and follow them accordingly.

Play it careful and enjoy. 

CHART IMAGES FROM APRIL 11TH

DXY Forex Forecast March April 11th, 2018. Trading signals with Sign up for copy trader

DXY Forex Forecast March April 11th, 2018.
Trading signals with Sign up for copy trader

EURUSD Forex Forecast March April 11th, 2018. Trading signals with Sign up for copy trader

EURUSD Forex Forecast March April 11th, 2018.
Trading signals with Sign up for copy trader

CHART IMAGES APRIL 12TH

DXY Forex Forecast March April 12th, 2018. Trading signals with Sign up for copy trader

DXY Forex Forecast March April 12th, 2018.
Trading signals with Sign up for copy trader

EURUSD Forex Forecast March April 12th, 2018. Trading signals with Sign up for copy trader

EURUSD Forex Forecast March April 12th, 2018.
Trading signals with Sign up for copy trader

About Chris

Chris Wittusen started trading in early 90's, mainly in stocks but is now mainly trading in Forex (currency trading). He also manage a successful Forex group on Facebook, where he shares his knowledge to other people that want to learn more about how to trade in Forex. His technique still applies to both Forex and Stocks due to his style of naked chart trading along with box trading.
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