Analysis of Gold for April 28, 2023 – Potential for higher prices

Technical analysis: Gold has been trading downside yesterday but I found strong rejection of the key support at the price of $1.973. I see potential for the further upside movement. Due to the rejection of the key support in the background and the strong upside cycle on higher time-frames, I see potential for the further […]

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Analysis and trading tips for GBP/USD on April 28

Analysis of transactions and tips for trading GBP/USD The first test of 1.2462 occurred when the MACD line was far from zero, so there was no sell signal. After a short while, another test occurred, but this time the MACD line was in the oversold area, so the signal was to buy. However, after moving […]

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Analysis and trading tips for EUR/USD on April 28

Analysis of transactions and tips for trading EUR/USD The test of 1.1044 happened when the MACD line was far from zero, so the downward potential was limited. However, there was also no sharp upward movement, so a test of 1.1033 occurred in the afternoon, right after the release of the US GDP report. That gave […]

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NZDUSD, H4 | React off 1st Resistance?

Currently, the NZD/USD chart is exhibiting strong bearish momentum, and the price is trading below the Ichimoku cloud at 0.6133, indicating a continuation of the bearish trend. The first resistance level is identified at 0.6155, and if the price were to react bearishly from this level, it could drop towards the first support level of […]

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GBPUSD, H4 | Continue falling to 1st Support?

Currently, the GBP/USD chart is displaying a bullish momentum, indicating potential for a continuation towards the 1st resistance at 1.2546. If the price manages to break through this level, it could potentially rise further towards the 2nd resistance at 1.2598, which is a significant swing high resistance. In the event of a reversal, the price […]

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USDCHF, H4 | React Bullish Channel Line?

The USD/CHF chart is currently indicating bearish momentum as the price is situated below a significant descending trend line, indicating the likelihood of further bearish momentum. Additionally, the price is testing a descending trend line, which is serving as resistance. Considering the bearish momentum, there is a possibility that price may experience a bearish reaction […]

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Technical Analysis – GBPJPY flies to new high above 169.00

GBPJPY is rallying above the 169.00 psychological mark, recording a new four-month high. The rebound off the 20-day simple moving average (SMA) and the 165.40 support is endorsing the bullish outlook in the long-term. The RSI is approaching the 70 level, while the MACD is moving sideways near its trigger line and well above the […]

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EUR/USD analysis for April 28, 2023 – Potential for the further upside movement

Technical analysis: EUR/USD has been trading downside this morning but I found strong rejection of the key support at the price of 1.1010. I see potential for the further upside movement. Due to the rejection of the key support in the background and the strong upside cycle on higher time-frames, I see potential for the […]

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Technical Analysis of ETH/USD for April 28, 2023

Crypto Industry News: China is the undisputed leader in the race to fully implement its central bank digital currency (CBDC). Their digital Yuan (e-CNY) is gaining more and more uses. After implementing smart contracts into the virtual currency structure, this time the People’s Bank of China implemented its use in cross-border trade. Central banks around […]

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Technical Analysis of BTC/USD for April 28, 2023

Crypto Industry News: A new report by the Congressional Research Service (CRS) has found that crypto losses did not cause the collapse of Silicon Valley Bank and Signature Bank, or even Silvergate. It was the fear of exposure to cryptocurrencies that was the driving force behind the bank run. CRS, a non-partisan agency that acts […]

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Technical Analysis of GBP/USD for April 28, 2023

Technical Market Outlook: The GBP/USD pair has been developing the ABC corrective cycle pattern, but the wave B looks incomplete as it gets more complex and time-consuming. 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 28, 2023

Technical Market Outlook: The EUR/USD pair has made a new, marginal swing high at the level of 1.1096 and then reversed to test the bounced from the trend line support on the H4 time frame chart located around the level of 1.1010. The key short-term technical resistance is seen at the level of 1.1076. The […]

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Trading plan for EURUSD for April 28, 2023

Technical outlook: EURUSD dropped from the 1.1095 highs and carved an interim low close to 1.0992 on Thursday giving in over 90 pips. The single currency pair is seen to be trading close to 1.1010 at this point in writing as the bears are now preparing to break below 1.0990 in the near term. Also, […]

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Demand Was High for Our Seminar on Gold in Ecuador

On 15 April, we hosted a seminar on how to Trade Gold Like a Pro in Guayaquil, Ecuador. Attendees dived into the world of gold trading with our expert, Andrés Escobar. Under his guidance, they learned how to successfully navigate the gold market and how to make better trading decisions by using proven market analysis […]

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GBP/USD. Overview for April 28th. A boring end to a boring week and month

The GBP/USD currency pair has remained flat for over three weeks. Therefore, any movements within this flat are random by default. There is no point in looking for logic in yesterday’s movements. In the euro currency article, we already mentioned that there is no point in trying to justify current movements using macroeconomics or fundamentals. […]

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EUR/USD. Overview for April 28th. The American economy is rapidly losing altitude

The EUR/USD currency pair showed a new downward movement on Thursday, albeit quite weak. As we have repeatedly said, there is no logic in the pair’s movements. In the medium term, an upward trend persists, which raises no doubts. In the short term, the pair jumps up and down, changing the direction of movement every […]

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Forecast for EUR/USD on April 28, 2023

EUR/USD Yesterday’s US economic data showed that GDP grew by 1.1% for the 1st quarter y/y against a forecast of 2.0% y/y, a 5.2% decline in pending home sales for March compared to an expected 0.5% increase, but the dollar index edged up by 0.03%. The euro fell by 12 points. On the daily chart, […]

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Forecast for GBP/USD on April 28, 2023

GBP/USD The British pound decided to follow in the wake of increased market risk; the US stock index S&P 500 rose by 1.96%, the yield on 5-year government bonds increased from 3.47% to 3.59%, and the pound itself added 28 points. On the daily chart, the Marlin oscillator turned up from the zero line, and […]

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Forecast for AUD/USD on April 28, 2023

AUD/USD Amid yesterday’s moderate increase in risk appetite, coordinated by the strengthening of commodity currencies (oil rose by 0.63%), the Australian dollar rose by 31 points. The price has returned to the range of 0.6628-0.6730. Perhaps speculators have a plan to buy back the aussie after today’s European GDP report. The plan, if it exists, […]

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The US stock market closed with growth, Dow Jones added 1.57%

At the time of closing at the New York Stock Exchange, the Dow Jones rose by 1.57%, the S&P 500 index increased by 1.96%, and the NASDAQ Composite index went up by 2.43%. Investors also paid attention to statistics. According to the first estimate, the US GDP in the first quarter grew by 1.1% on […]

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Technical analysis of EUR/USD for April 27, 2023

Overview : The EUR/USD pair continues to move upwards from the level of 1.1003. Today, the first support level is currently seen at 1.0910, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.0910, which coincides with the 0% Fibonacci retracement […]

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April 27, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective.

After ascending towards the 1.1500 price zone, the EUR/USD pair encountered significant selling pressure, resulting in declines to levels of 1.0850, 1.0400, 1.0000, and most recently, 0.9600. The market experienced buying pressure until it reached a plateau around 1.0800-1.0850, followed by notable selling pressure that led to a recent decline in prices. The price level […]

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April 27, 2023 : EUR/USD Intraday technical analysis and trading plan.

The EUR/USD pair has recently returned to levels around 0.9600, which were last reached in 2002, leading to a significant bullish recovery, especially around this critical support level. Although the nearest resistance level at 1.0100 did not apply enough bearish pressure, there was strong bullish price action around the lower edge of the depicted movement […]

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Ripple accumulates more bullish energy

Ripple is moving sideways in the short term. After its strong drop, it could try to develop a new leg higher. It stands at 0.4640 at the time of writing. It seems undecided, so we have to wait for fresh opportunities. Yesterday, it crashed as BTC/USD dropped. Now, it has turned to the upside as […]

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April 27, 2023 : GBP/USD Intraday technical analysis and significant key-levels.

The market displayed a positive trend between 1.0400 and 1.0600, which prevented further losses. Bulls kept supporting the increasing lows at 1.1150 and 1.1750, indicating a probable continuation of the positive trend above 1.1750. At 1.2340, bears initially resisted the price, but bulls recovered. However, the GBPUSD bulls could not create a new high and […]

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Litecoin: bullish pattern

Litecoin registered a strong drop in the short term but the sell-off seems over. It’s trading at 89.77 at the time of writing. The price action developed a potential flag pattern which could represent a bullish formation. Ripple is down by 0.67% in the last 24 hours and by 0.76% in the last 7 days. […]

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