USDJPY, H4 | Continue to a downtrend ?

The USD/JPY pair is exhibiting bearish momentum as it remains within a descending channel, indicating a potential for further price decline. This is compounded by the fact that the price is below a significant descending trend line, adding to the bearish outlook. The 1st support is at 132.2100 and is a multi-swing low support that […]

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GBPUSD, H4 | Continue to 1st Resistance?

The GBP/USD chart currently displays a bullish momentum, indicating the potential for a continued rise towards the first resistance level. The first support level, located at 1.2403, is an overlap support that has shown resilience over multiple past tests. Similarly, the second support level at 1.2339 is also an overlap support and reflects a significant […]

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EUR/USD Retested Its Breakout

The EUR/USD pair retreated a little in the short term but the bias remains bullish. After its last bullish momentum, a temporary retreat was natural. The rate could test and retest the near-term support levels before jumping higher. It is trading at 1.1052 at the time of writing. Fundamentally, the German Gfk Consumer Climate and […]

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Forecast for EUR/USD on April 27, 2023

EUR/USD On Wednesday, the euro managed to overcome the pressure on Tuesday, with the EUR/USD pair rising by 70 points, setting a new high for the year as the day’s peak. Now a traditional technical condition for reversal has been created – the divergence of the price with the oscillator. Overcoming the MACD line on […]

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Forecast for GBP/USD on April 27, 2023

GBP/USD The British pound continues its sideways movement in anticipation of the FOMC meeting next week. The upper limit of the range is the April 14th peak at 1.2545. Breaking through it will extend growth to 1.2598. Slightly higher is the second target level of 1.2666 – the peak of May 2022. A sign of […]

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Forecast for USD/JPY on April 27, 2023

USD/JPY Yesterday, the Japanese yen did not react much to the increased volatility of the US dollar (index) – the yen only strengthened by 8 points. Externally, the price is striving for the support of the MACD line at 131.80. Successfully overcoming this line can help the price reach the second target at 130.47 – […]

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U.S. stock market closes mixed, Dow Jones down 0.68%

Investors continue to monitor corporate earnings reports. For example, the net profit of IT giant Microsoft grew in the previous quarter, and revenue turned out to be better than forecasts. The company also announced its intention to continue investing in artificial intelligence. Alphabet, owner of Google, shares also rise in price by 1.2%. The company’s […]

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How to trade GBP/USD on April 27. Simple trading tips and analysis for beginners

Analyzing Wednesday’s trades: GBP/USD on 30M chart The GBP/USD pair also showed unreasonable growth on Wednesday, but at the same time, this movement can be considered logical for the pound. The fact is that the pair has been trading in a horizontal channel of about 200 points wide for three weeks now, which is clearly […]

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How to trade EUR/USD on April 27. Simple trading tips and analysis for beginners

Analyzing Wednesday’s trades: EUR/USD on 30M chart The EUR/USD pair started trading higher on Wednesday. Frankly, I find it slightly ironic because the movements remain so illogical that there are simply no words to describe them. The single currency began to rise early in the morning. Formally, the dollar’s decline could be related to the […]

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Euro plays on nerves

Markets are like people: if they don’t know what to do, they get nervous. They start jumping from one extreme to another in search of a way out. It’s been a long time since we’ve seen such a rollercoaster in the EURUSD pair. It rises, then falls even faster, then rises again, completely making up […]

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USD/CHF: upside reversal

USD/CHF Downside Seems Over! The USD/CHF pair turned to the upside and is trading at 0.8919 at the time of writing. As you can see on the H1 chart, the rate failed to extend its downside movement signaling exhausted sellers. Now, it has passed above the downtrend line which represents a dynamic upside obstacle. Jumping […]

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Technical Analysis – Meta stock fragile ahead of earnings

Facebook’s stock (Meta platforms) closed below the 50-period simple moving average (SMA) in the four-hour for the first time since November 2022, increasing the risk for a bearish continuation ahead of the company’s earnings due today after the closing bell. While the price attempted to bounce from the one-month low of 206.10 earlier today, the […]

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Analysis of GBP/USD on April 26, 2023

The wave analysis for the GBP/USD pair still needs to be simplified because it looks different from a classic corrective or impulse trend segment. Since the current upward wave exceeded the peak of the last wave b, the entire downward trend segment consisting of waves a-b-c can be considered complete. Although it is very weakly […]

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Analysis of EUR/USD on April 26. The dollar is under market pressure again

The wave analysis of the 4-hour chart for the euro/dollar pair continues to get tangled due to the recent ascending waves but has stayed the same in recent days and weeks. These waves can be an independent upward trend segment (as the last downward one can be considered a three-wave and completed), and they may […]

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Technical Analysis – CHFJPY storms to a fresh all-time high

CHFJPY experienced a significant downtrend after peaking at its previous record high of 151.41 in September 2022. However, the pair managed to rebound strongly from its 2023 bottom, posting a fresh all-time high of 151.51 last Tuesday before paring some gains. The momentum indicators currently suggest that bullish pressures are fading but retain control. Specifically, the […]

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USD/CAD accumulates more bullish energy

The USD/CAD pair changed little in the short term. It’s trading at 1.3628 at the time of writing. After its strong growth, a minor retreat and a sideways movement was natural as the rate tries to accumulate more bullish energy before jumping higher. USD/CAD climbed as much 1.3647 even if the US CB Consumer Confidence […]

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Sell signal by META stock price

Black lines- Bearish divergence signs Blue lines- bullish channel Violet lines- Fibonacci retracement levels META (FB) stock price has broken out of the bullish channel it was in for the last few months since October of 2022. Combined with the fact that the RSI has been providing bearish divergence signals, there are increased chances that […]

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Ichimoku cloud indicator analysis on EURUSD for April 26th, 2023.

In our previous analysis on EURUSD we noted that although price was under pressure, trend remained bullish as price was still above cloud support. Today EURUSD is bouncing strongly off the cloud support erasing the losses incurred over the last couple of sessions. Recent price action confirms the importance of the cloud support at 1.0972-1.0954. […]

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Ichimoku cloud indicator analysis on Gold for April 26th, 2023.

Gold price is challenging the 4 hour Kumo (cloud) resistance.Trend remains bearish as price continues to trade below the cloud. Price is above both the tenkan-sen and kijun-sen indicators giving some hopes to bulls. The Chikou span is trying to break above the candlestick pattern and turn bullish. There are mixed signs in Gold’s 4 […]

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Technical analysis on USDJPY for April 26th, 2023.

Blue lines- bullish channel USDJPY is trading around 133.59. Price remains under pressure for the last few trading sessions. Price has pulled back towards the lower channel boundary. This is very important short-term support. A break outside of the channel would be a bearish sign. It will put the short-term bullish trend in danger and […]

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Technical Analysis – EURUSD jumps higher but is capped by 1.1080

EURUSD is moving above the 20-day simple moving average (SMA) and within a short-term upward sloping channel, remaining beneath the previous low of 1.1080. The MACD oscillator is flattening above its zero level and below its trigger line. However, the RSI is pointing upwards in the positive territory. An extension to the upside and above […]

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Bullish potential for XRPUSD as long as price holds above $0.43.

Black lines- equal size upward move expectation Green line- resistance trend line Violet lines -Fibonacci retracement levels XRPUSD is bouncing higher towards $0.48 after making a short-term bottom at the $0.43 area and the 61.8% Fibonacci retracement of the last upward movement. Price is bouncing off the key Fibonacci support level. Price is still below […]

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BTC recovers amid decline in SPX and problems in FRC

Over the last few weeks, Bitcoin has managed to reach a local high of $31k. The achievement of this level triggered a reaction from sellers and boosted the bearish sentiment. As a result, the BTC price formed a false breakout at the $30k level. Then, the situation worsened, and the cryptocurrency downwardly broke $28.5k, which […]

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Amazon Q1 earnings: another unpleasant report – Stock Market News

The giant tech company Amazon.com will publish its first quarter earnings for 2023 on Thursday after the market closes. Investors have not set the bar high, projecting an uneventful release given the current challenging macroeconomic conditions. Still, the company’s outlook on future activity is something that will attract special attention as the tech world enters […]

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US premarket on April 26: US stock market continues to decline

US stock index futures opened in the green following yesterday’s sell-off but later turned negative. The growth was associated with strong earnings reports from technology companies Alphabet Inc. and Microsoft Corp. but concerns about the state of the economy and the banking sector continued to weigh on investors. S&P 500 futures contracts rose by about […]

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USD/JPY More Declines Activated!

The USD/JPY pair resumed dropping and it was trading at 133.43 at the time of writing. You knew from my previous analysis that the price could approach and reach new lows after activating a bearish pattern and taking out strong support levels. The pair extended its drop after the USD was affected by the US […]

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Analysis and trading tips for GBP/USD on April 26 (US session)

Pound rose after the release of good retail sales data from the UK. However, the momentum seems to be a coincidence as most traders are playing for a correction, taking advantage of good prices. The test of 1.2420 occurred when the MACD line was quite far from zero, so the upward potential was limited. Ahead […]

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Analysis and trading tips for EUR/USD on April 26 (US session)

Better-than-expected data on the leading consumer climate index from Germany gave confidence to buyers to continue getting back the losses from yesterday’s decline. However, the test of 1.1001 occurred when the MACD line was already far from zero, so the upward potential was limited. Meanwhile, after rising to 1.1034, selling led to losses, as there […]

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