The data shows us that the resistance level is too strong it hit second time, since its a uptrend and the best entry level from the historical data is the second week of the month, going short on UC
Buy at: 1.39000
Analysis Date: 2020.04.09, 07.30AM (GMT+8)
After comparing the the datas of April since 2016 this year is an exception since the Coronavirus disease has a great impact on both Europe and USA I assume by the end of the April EU will rise.
Analysis Date: 2020.04.08, 4.20PM (GMT+8)
Testing the resistance level of 61.8% of fibonacci retracement, if it hits below the target level new resistance level appear.
Analysis Date: 2020.04.07, 5.20AM (GMT+8)
Based on the Historical data of the UJ since year 2017 in April UJ has buying trend, also note that in every first week of April the currency has a buying signal. Due to this analysis I have placed an order on the fibonacci retracement of 23% to sell UJ as we are testing this new method of reacting to the trend rather than predicting in.
Sell : 109.25