Chart the Market (14/04/2026)
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Chart the Market (14/04/2026)

Published: 14 April 2026,06:24

Published: 14 April 2026,06:24

Chart The Market

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EURJPY, D1:                                                               

The EURJPY pair has demonstrated exceptional strength, recording a fresh all-time high in the past session as bullish momentum continues to build. The breakout above previous record levels represents a significant technical achievement, invalidating all prior resistance and opening uncharted territory for the pair.

While a period of profit-taking and a modest pullback to the immediate support line at 186.55 is likely following the sharp rally, the broader technical structure remains firmly bullish. The 186.55 level now serves as the first line of defense, and a successful hold above this zone would confirm that buyers remain in control.

The key upside trigger to watch is a break above the immediate resistance line at 187.75. A decisive move above this level would signal an extension of the current bullish rally, likely accelerating buying interest toward the 189.00-190.00 region. The measured move from the recent consolidation projects further upside potential beyond the 190.00 mark.

Momentum indicators strongly support the constructive outlook. The Relative Strength Index continues to gain ground, reflecting robust and sustained buying pressure, while the Moving Average Convergence Divergence remains in an accelerating bullish configuration. Both indicators suggest that the bullish momentum remains strong and has the potential to propel the pair to higher levels.

Resistance Levels: 76.60, 81.45

Support Levels: 71.10, 66.65

XAGUSD,  H4

Silver has been trading within a defined range above its previous price consolidation zone, reflecting a period of equilibrium between buyers and sellers. This neutral price action follows the metal’s recovery from recent lows, with the market now coiling for its next directional move.

The metal is now showing early signs of breaking above its current range-bound structure. A confirmed upside breakout would constitute a bullish signal, suggesting that buying pressure is building and that the consolidation phase is resolving to the upside. The immediate upside target and primary resistance lies at the psychological $80.00 mark—a level that represents a significant technical and emotional barrier.

Momentum indicators are turning constructive, supporting the potential for a bullish resolution. Both the Relative Strength Index and Moving Average Convergence Divergence have shown early signs of rebounding from neutral levels, suggesting that bearish momentum is fading and that upward pressure is beginning to build. This alignment between price action and momentum oscillators provides credible evidence for a developing bullish bias.

Resistance Levels:81.45, 86.25

Support Levels: 71.10, 66.65

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