EURUSD Daily Analysis EURUSD (1.13): EURUSD remains trading sideways despite the market turmoil and the flight to safety, seen yesterday. The daily chart for EURUSD shows no conclusive evidence for the moment, clearly showing that the momentum is flat at the moment. Resistance at 1.147 remains in place and is pending a test of this level, while support at 1.13 comes to the downside. The 4-hour chart shows EURUSD currently trading near the lower median line with the past couple of sessions trading within a doji inside the bar. A breakout from this doji could see further bias being established, with a view that EURUSD could dip towards 1.13 in the near term. USDJPY Daily Analysis USDJPY (108.7): USDJPY closed yesterday at 108.21, and the daily chart is currently showing some bullish momentum, but still too early to tell. On the 4-hour chart, the newly plotted median line (dotted) shows USDJPY falling towards the lower median but the failure to find dynamic support off the lower median line indicates some upside potential. Broken support near 111.31 – 110.67 could be tested for resistance in the near term unless USDJPY resumes its bearish declines again. Stochastics do not offer any additional information at the moment so it is likely that USDJPY could either take a breather from the declines or resume its downtrend sooner or later. GBPUSD Daily Analysis GBPUSD (1.40): GBPUSD was bearish yesterday, but trading was limited to the previous day’s range. The inside bar along with the Stochastics currently near the 20 level could see a short term move higher to 1.42. On the 4-hour chart, we see a bullish divergence on the Stochastics, which could see GBPUSD rally towards 1.422 – 1.42 level of new resistance for a test. The bias remains to the downside as long as this new resistance holds. Gold Daily Analysis XAUUSD (1237): Gold pushed higher yesterday, and the current price action is showing a potential dip towards 1230 ahead of further gains. On the 4-hour chart, the current consolidation comes after a strong rally from the previous sessions. If the bullish flag pattern is formed here, Gold could test the levels of 1252 on a break above 1241 top that is formed currently. To the downside 1230 will be key to watch as a break below this level could see Gold post a strong correction to the downside. John Benjamin John Benjamin John is a market analyst for Orbex Ltd. and is a forex and equities trader having been involved in trading since late 2009. John makes use of a mix of technical and fundamental analysis and inter-market relationships. The analysis present here is a mix of intra-day analysis while considering the long term outlook of the markets as well. For any comments or questions, John can be reached at [email protected] View All Post By John Benjamin Daily Look share Read Next Elliott Wave Analysis EURUSD and USDCHF April 8 2016 Gregor Horvat 7 years EURUSD Daily Analysis EURUSD (1.13): EURUSD remains trading sideways despite the market turmoil and the flight to safety, seen yesterday. The daily chart for EURUSD shows no conclusive evidence for the moment, clearly showing that the momentum is flat at the moment. Resistance at 1.147 remains in place and is pending a test of this level, while support at 1.13 comes to the downside. The 4-hour chart shows EURUSD currently trading near the lower median line with the past couple of sessions trading within a doji inside the bar. A breakout from this doji could see further bias being established,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.