Investment Recommendations April 5th | Hacked: Hacking Finance
user

Recommendations

Investment Recommendations April 5th

Posted on .

Investment Recommendations April 5th

Introduction

This article was posted on Wednesday, 16:02, UTC.

EUR/USD: Short-Term Sell (Update)

// -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- //

 

EUR/USD, 4-Hour Chart Analysis

The pair has been consolidating after the sell-off last week, but the Euro failed to gain traction against the Dollar. The weak bounce ran into strong resistance around the 1.0715 level and the common currency seems to be rolling over for another leg down towards the key 1.05 level.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Volatility might increase in the second half of the week after the release of the meeting minutes from both the FED and the ECB. The 1.0850 serves as long-term resistance while below the 1.05 level, the multi-decade lows at 1.0350 provide last-resort support for the common currency, with fundamentals still favoring the Greenback.

S&P 500: Short-Term Sell (Update)

 

S&P 500, 4-Hour Chart Analysis

The index triggered our short-term stop-loss following the great employment report, but the technical setup remains unchanged, with the 2351-2355 zone still being very much in play. A sustained move above the recent swing-high around 2368 is expected to lead to a test of the all-time highs near 2400 level.

Technology stocks are still pulling the indices higher, while financials remain among the weakest segments of the market following the strong correction after the “dovish” rate hike by the Federal Reserve. The coming week could be crucial for the long-term picture of the market, as current “internal” weakness might lead to a deeper correction.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

There are no comments.

View Comments (0) ...
Navigation
The team:
Dmitriy Lavrov
Analyst
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years of trading experience. He covers Forex, Commodities and Cryptocurrencies. He is among the top 10 most Read More
Jonas Borchgrevink
Founder
Jonas Borchgrevink is the founder of Hacked.com and CryptoCoinsNews.com. He is a serial entrepreneur, trader and investor. He shares his own personal journey on Hacked.com. // -- Discuss and ask Read More
Mate Csar
Analyst
Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive Read More
Mati Greenspan
Analyst
Senior Market Analyst at Etoro.com. // -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- // Important: Never invest Read More
Rakesh Upadhyay
Analyst
Rakesh Upadhyay is a Technical Analyst and Portfolio Consultant for The Summit Group. He has more than a decade of experience as a private trader. His philosophy is to use Read More
Pamela Meropiali
Account Manager
Pamela Meropiali is responsible for users on Hacked.com. // -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- // Read More
Joseph Young
Journalist
Joseph Young is a finance and tech journalist & analyst based in Hong Kong. He has worked with leading media and news agencies in the technology and finance industries, offering Read More
Wednesday Market Recap Asset Current Value Daily Change S&P 500…