CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
About Our Global Companies


Valutrades Limited - a company incorporated in England with company number 07939901. View more information here.
Valutrades (Seychelles) Limited - a company incorporated in the Seychelles with company number 8423648-1.


Regulated by the FCA (Fincancial Conduct Authority). Financial Services Register Number 586541.
Regulated by the FSA (Financial Services Authority). Regulatory Number SD028.

Max Leverage

30:1 (or up to 500:1 for Professional clients, click here to find out more about professional client status)
Up to 500:1


United Kingdom

Negative Balance Protection


Back to Blog

WTI…Trading Long or Short? JPY at Multi-Year Lows. NASDAQ Approaching Key Fib Support.


Welcome to this week’s Market Blast Technicals.

Free Valutrades Signals!  Click here:

I’m Brad Alexander and on behalf of Valutrades, today we will look at the NASDAQ, WTI (US Oil), Brent Crude (UKOil), AUDJPY, and USDJPY.

Yesterday we looked at the fall of JPY and it is still continuing as we see this monthly chart on USDJPY.Screenshot 2022-04-12 at 11.13.35

Price action is trying to break resistance from 2015 and it has already broken the level from 2007.Screenshot 2022-04-12 at 11.13.54

We have seen a pullback from yesterday’s levels but many pairs, like AUDJPY, NZDJPY, and others, are forming a Cup-and-Handle pattern which can be a bullish pattern.

However, watch out for today’s US CPI figures.

Crude Oil prices are still falling based on slowing demand in China but our next short position might depend on this upper trend line on Brent Crude and the next overbought signal on the Stochastic Oscillator.Screenshot 2022-04-12 at 11.14.06

Of course, WTI is in the same situation but we will keep an eye on this falling wedge which is usually a bullish pattern.

The NASDAQ has fallen to a key level of support and the Stochastic Oscillator is showing Oversold.Screenshot 2022-04-12 at 11.14.20

Fibonacci retracements show how important the 61.8% was and price action is falling into the 23.6% level of support.

You will find similar situations on other indices like the S&P500 and the DAX but, again, watch out for today’s US CPI figures.

Thanks for watching and don’t forget to subscribe to Valutrades Signals and the link will be in this video’s description below.

Also, subscribe to our YouTube channel and register on the Valutrades website to get notifications on new content as it happens.

That’s all for now.  Happy trading with Valutrades and we will see you next time.

CFDs and FX are leveraged products and your capital may be at risk.12 April 2022 Technicals EN TN



The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.