Market Forecast Week 12-16 April 2021

Only one from our forecasts last week triggered an entry and hit our Take Profit!

Hopefully this week more instruments will trigger entries and go as we hope they would.

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US30 ( Dow Jones 30)

The Dow looks set to set new all time new high records as the influx into investing in stocks isn't going to let up anytime soon. Bias UPSIDE. See HERE

EUR/USD

It did't trigger and entry last week and it went on a buy. Looks to make sideways movement then look for possible impulsive sells. Bias DOWNSIDE. See HERE

CAD/JPY

Triggered an entry and made 50+ pips on that move. This week we expecting more downside movement. Bias DOWNSIDE. See HERE

GBP/CAD

We last traded this pair during the Covid selloff and now that things are starting to have semblance of normalcy, we heading back into it. Has the makings of a major sell. Bears have the upper-hand for now. Bias DOWNSIDE. See HERE

Comment and share your views with us :]

"Remember a smart trader will not jump into the market without any plan, no matter how good the forecast is"