Week Ahead Analysis: 25th April

In this week’s Week Ahead Analysis we take a look at the key charts of the week with AUDJPY,  NZDUSD, AUDUSD and more!

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Week Ahead Analysis

This week we expect to see the USD strength continue ahead of 1st quarter earnings from large corporations such as Apple and Amazon. In other news we have CPI data out of Australia which is likely to continue to show the rise in inflation. The Bank of Japan is also set to leave rates at record lows and will likely address the recent weakness in the JPY. 

The strength meter doesn’t show too much change going into this week, the Australian Dollar has started to show signs of weakness from the extreme highs which could offer bearish opportunities this week. The Japanese Yen remains the weakest currency and at extreme lows which suggests the currency could continue to weaken or reverse.

AUDUSD

The AUDUSD price is one to watch this week as the price closed as a strong bearish candle last week. This combined with the strength meter highlighting the AUD is getting weaker and the USD is getting stronger could see the pair continue to fall. The 4hr time frame highlights lower lows and lower highs forming which is conclusive of a downward trend. If the price retests the previous resistance zones and forms bearish price action we could look for further short opportunities. 

NZDUSD

The NZDUSD price also looks likely to continue to move lower going into this week as the price closed as a strong bearish close on the weekly candle. The 4hr downward trend could offer short trading opportunities if the price can retest the previous swing lows and key supply zones. If bearish price action of lower time frame changes of trend form in these areas we could look for short opportunities.

AUDJPY

The AUDJPY price is on our watch list this week for a reversal opportunity, the strength meter highlights the AUD getting weaker and the JPY at extreme lows in a reversal position. The weekly chart shows the candle formed as a bearish reversal from the previous highs. This price action suggests that the price could move lower for the first time in several weeks. The 4hr time frame shows a strong impulsive move with a couple of stopping points, these areas could offer short trading opportunities. 

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About The Author

Jonathan Kibbler

Jon Kibbler, our Senior Market Analyst, boasts over a decade of trading experience. He specializes in dissecting the intricacies of financial markets and sharing his expertise with precision. Jon’s insights have been featured at renowned events and platforms like Coindex, Forex Analytix, and Forex.com.

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