USD/JPY braces for volatility ahead of BoJ meeting

The key trigger for the USD/JPY pair this week will be the Bank of Japan’s (BOJ) meeting on monetary policy. Experts believe that regardless of the outcome, the currency pair will demonstrate strong volatility. Let us discuss possible scenarios of the pair’s trajectory. Dollar vs. Yen: Who has the upper hand? On Tuesday, the US […]

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Indicator analysis: Daily review of EUR/USD on April 26, 2023

Trend analysis (Fig. 1). The market may move upward from the level of 1.0971 (closing of yesterday’s daily candle) with the target at the 1.0990 resistance level (bold white line). Upon reaching this level, a downward movement is possible with the target at 1.0930, the historical support level (blue dotted line). From this level, the […]

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EUR/USD: demand falls ahead of fresh US data

Once again, euro showed a strong correlation with the US stock market as a sharp correction took place in both markets. The US market fell due to new concerns about small and medium-sized banks, while euro declined ahead of important US data. The report on durable goods orders will be released today, followed by GDP […]

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Market volatility may increase ahead of the Fed meeting

The US stock market came under strong pressure on Tuesday, dragging European and Asian markets down as investors, watching the corporate earnings season, began to fear the start of a recession in the US as early as this summer. The basis for these negative sentiments was the sharp drop in First Republic’s shares by 49.37% […]

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Daily Market Comment – Dollar gains amid renewed recession fears

Dollar, yen gain as investors seek safety shelter Fed rate cut bets are back firmly on the table Euro uptrend may stay the course as ECB seen hiking more Wall Street slides amid renewed economic concerns Dollar wears its safe-haven suit again The dollar strengthened against the other major currencies on Tuesday, with the only […]

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Technical Analysis – USDJPY challenges April’s bullish trend

USDJPY has been in a slow corrective mode below the 135.00 area so far this week, making investors wonder whether this is another temporary bearish phase within the short-term uptrend. Although the price is currently seeking new support from its simple moving averages (SMAs) within the 133.75-133.45 region and near its previous highs, the momentum indicators are […]

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Technical Analysis – NZDUSD fails to jump above the 200-day SMA

NZDUSD is still developing beneath the strong flat 200-day simple moving average (SMA) around the 0.6155 barrier. The RSI indicator is standing beneath its trigger and zero lines with weak momentum, while the MACD is losing ground beneath its trigger and zero lines. An extension of the bearish movement may find immediate support at the […]

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Hot forecast for GBP/USD on 26/04/2023

It was assumed that new home sales in the United States would decrease by -0.5%, but suddenly, they jumped as much as 9.6%. So, investors who initially prepared for further sales of the dollar hurriedly began buying up American currency. They were not even stopped by housing prices, the growth rate of which slowed from […]

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Janet Yellen explains her stance on US-China relations

Dollar continued to rise after Finance Minister Janet Yellen said that the Biden administration is willing to incur economic costs as it seeks to protect the national security interests of the US from threats posed by China. Although Yellen recently called on Beijing to cooperate in solving common problems, it is clear that US politicians […]

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BTC update for April 26,.2023 – Breakout of the tight consolidation

Technical analysis: BTC/USD has been trading upside today and I found the breakout of the multi-day balance, which is good sign for the further rally. Due to the breakout of the tight contraction and the strong upside trend in the background, I see potential for the further rally. Upside objectives are set at the price […]

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Analysis of Gold for April 26, 2023 – Potential for higher prices

Technical analysis: Gold has been trading upside yesterday and I found that market is making higher lows and there is potential for the upside continuation today. Due to the strong upside cycle in the background and the breakout of the inside day formation yesterday, I see potential for the further rally. Upside objectives are set […]

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GBPUSD analsysis for April 26 , 2023 – Breakout of the consolidation to the upside…

Technical analysis: GBP/USD has been trading upside this morning and I found the breakout of the tight consolidation, which is good sign for the further rally. Due to the breakout of the tight consolidation this morning and the upside trend on higher time-frame, I see potential for the further upside movement. Upside objectives are set […]

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Analysis and trading tips for GBP/USD on April 26

Analysis of transactions and tips for trading GBP/USD Data on UK retail sales is due out today. It may support the pair, allowing good buy signals for the market. However, a further downward correction is possible, especially around the weekly lows. Weak statistics will help with it. Ahead are key reports from the US, namely […]

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Analysis and trading tips for EUR/USD on April 26

Analysis of transactions and tips for trading EUR/USD Buyers may react positively to the leading report on Germany’s consumer climate index. However, short positions are more ideal as the upward potential of the pair will be limited after a failed attempt to update the monthly highs. Speeches of ECB representatives may increase demand for euro, […]

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Gold attractive for buyers

The price of gold rallied again and erased yesterday’s losses. It’s trading at 1,995 at the time of writing. After its strong growth, a new retreat is natural, the price could test and retest the near-term support levels before jumping higher. Gold rallied as the USD crashed after the CB Consumer Confidence came in worse […]

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Technical Analysis of ETH/USD for April 26, 2023

Crypto Industry News: The official Twitter profile of Voyager has just announced that Binance.US has terminated the long-awaited agreement to purchase the assets of the bankrupt Voyager after the transaction was previously approved by the US government. Binance was supposed to take over the customers of the bankrupt company while compensating them for the loss […]

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Technical Analysis of BTC/USD for April 26, 2023

Crypto Industry News: Cryptocurrency exchange Coinbase has filed a lawsuit in federal court to force the U.S. SEC to respond to a letter last year demanding formal regulation in the digital asset industry. The exchange filed a letter yesterday asking the SEC for “regulatory clarity” on how existing securities laws would apply to crypto assets. […]

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Technical Analysis of GBP/USD for April 26, 2023

Technical Market Outlook: The GBP/USD pair has been developing the ABC corrective cycle pattern and is currently moving lower in the wave C of the overall correction. The intraday technical support is seen at the level of 1.2366 and the intraday technical resistance is seen at 1.2507. The momentum on H4 time frame chart is […]

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Technical Analysis of EUR/USD for April 26, 2023

Technical Market Outlook: The EUR/USD pair has bounced from the trend line support on the H4 time frame chart after a failed attempt to break out above the last swing high located at the level of 1.1076. The key short-term technical resistance is seen at the level of 1.1000 was violated and will now act […]

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EUR/USD: upside scenario taking shape

The EUR/USD pair ended its downside movement and now is fighting hard to come back higher. It’s trading at 1.0982 at the time of writing above yesterday’s low of 1.0964. DXY’s sell-off should force the currency pair to come back higher. Fundamentally, the US reported mixed data yesterday. Still, the greenback took a hit from […]

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Overview of the GBP/USD pair on April 26. The pound is again heavily overbought

The GBP/USD currency pair was also in a downward movement yesterday, and there was no reason for this either. We have long been waiting for a strong drop in the British currency, but the market refuses to sell the pair. And there is simply no strength left for further purchases. On the 4-hour TF, it […]

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Trading plan for US dollar index on April 26, 2023

Technical outlook: The US dollar index reversed sharply higher after carving a higher low around 100.85 on Tuesday. The index jumped by almost 70 points and approached closely 101.50 before pulling back. It is seen to be trading around 101.30 at this point in writing and is expected to continue its rally further towards 102.50 […]

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Trading plan for EURUSD on April 26, 2023

Technical outlook: EURUSD reversed lower from the 1.1066 high on Tuesday and dropped through the 1.0965 lows intraday, giving up all gains. The single currency managed to produce an Engulfing Bearish candlestick pattern on the daily chart indicating a potential reversal ahead. The currency pair is seen to be trading close to 1.0980 at this […]

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Forecast for EUR/USD on April 26, 2023

EUR/USD The euro did not take the chance to overcome the nearest peak of April 14 at 1.1076, and so its high was 1.1068. Thus, there will be no divergence. In this case, the growth of the last five days takes on the role of correction from the fall of April 14-17. The price clearly […]

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Forecast for GBP/USD on April 26, 2023

GBP/USD The pound sterling did not even reach the nearest peak of 1.2524 from April 4th and collapsed by 75 points yesterday. On the daily chart, the Marlin oscillator has entered the area of the downtrend. Now the price can reach the support of the MACD line (1.2340). Crossing the support and being able to […]

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Forecast for AUD/USD on April 26, 2023

AUD/USD Amid yesterday’s 0.50% growth in the dollar index, the Australian currency lost 1.03%. The aussie reached the support level of 0.6628. At the same time, the Marlin oscillator has entered the area of the downtrend, opening the prospect of falling further to 0.6450. The first target is 0.6567 – the low of March 8th. […]

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Bitcoin: What regulators intend to restrict in the crypto industry

The current year for the cryptocurrency market is taking place under the auspices of regulation. Or attempts to introduce it. After the European Parliament voted for MiCA, the UK’s Financial Conduct Authority (FCA) now wants to cooperate with cryptocurrency firms to form regulation, as stated by Executive Director Sarah Pritchard at the City Week conference […]

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Bitcoin distribution pattern

Bitcoin rallied in the last hours. It was trading at 27,633 at the time of writing. As long as the downside pressure remains high, the crypto could extend its downside movement anytime. Technically, a rebound was natural following a sell-off. In the last 24 hours, BTC/USD was up by 0.92%, but it’s down by 8.49% […]

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