EUR/USD. April 26th. Euro loses touch with reality

On Tuesday, the EUR/USD pair completed a reversal in favor of the US currency and a 100-point drop. A reversal in favor of the EU currency and a rise of 80-90 pips were executed overnight. On Monday, let me remind you the pair also showed growth. Thus, we have witnessed complete chaos in the market […]

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Our Seminar in Costa Rica Was a Smash Hit!

In April, we held a new exclusive seminar in Costa Rica, this time covering the ever-popular Fibonacci strategy. 200 clients learned how to implement Fibonacci strategies into their trading, acquiring powerful tools and precious knowledge in the process. Additionally, participants benefitted from a special offer to get the free Avramis ADX indicator, a widely used […]

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Gold remains an attractive safe-haven asset

Gold continues to be an attractive safe-haven asset amid recent financial turmoil. At the moment, it is consolidating around $2,000 per ounce, as there are many factors causing financial concerns, including the likely interest rate hike by the Fed at the upcoming monetary policy meeting. Most believe that the US central bank will raise rates […]

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EUR/USD and GBP/USD trading plan for beginners on April 26, 2023

Details of the economic calendar on April 24 Data on the U.S. real estate market turned out to be slightly better than forecasts, but a decline was still recorded. The number of building permits issued showed a decrease of 7.7% MoM, while a decrease of 8.8% was forecasted. The number of building permits issued dropped […]

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Gold needs to cool down

Panic is the perfect environment for safe-haven assets. Gold has grown by 20% over the past six months due to the market’s regular turmoil. Concerns about a banking crisis and recession in the United States have pushed XAUUSD quotes up, even though a correction seemed inevitable. To survive in the market, it is necessary to […]

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Bitcoin to reach $100,000 by end of the year

By the end of the year, Bitcoin will be worth more than $100,000, and the crypto winter will finally come to an end. Economists from Standard Chartered Bank have come to this conclusion. In a published report, it is stated that the world’s first cryptocurrency could reach the $100,000 level by the end of this […]

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Technical Analysis – Gold stuck in rangebound pattern, capped by 50-SMA

Gold experienced a moderate pullback after peaking at the 13-month high of 2,048 in mid-April. Since then, the price has been trading without a clear direction within a rectangle pattern, while the congested region that includes the 50-period simple moving average (SMA) and the lower bound of the Ichimoku cloud has repeatedly curbed upside efforts. […]

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Video market update for April 26, 2023

Upside potential on the BTCUSD The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Forex forecast 04/26/2023 EUR/USD, GBP/USD, Bitcoin and… April 26, 2023 Let’s take a look at the technical picture of EUR/USD,…Indicator analysis: Daily review of GBP/USD on April 26,… April 26, 2023 Trend analysis (Fig. 1).The market may move upward […]

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Forex forecast 04/26/2023 EUR/USD, GBP/USD, Bitcoin and Ethereum from Sebastian Seliga

Let’s take a look at the technical picture of EUR/USD, GBP/USD, Bitcoin and Ethereum. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Video market update for April 26, 2023 April 26, 2023 Upside potential on the BTCUSDThe material has been provided by…Indicator analysis: Daily review of GBP/USD on April 26,… April 26, […]

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China is reducing its dependency on dollar

China has surpassed another milestone in its quest to reduce dependence on the US dollar as in March, the use of yuan exceeded the use of dollar for the first time. A report from Bloomberg Intelligence said the share of the local currency in international payments rose to a record 48%, from nearly zero in […]

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

Trend analysis (Fig. 1). The market may move upward from the level of 1.2405 (closing of yesterday’s daily candle) to the 1.2503 resistance level (bold white line). In the case of testing this level, the price may move downward with the target at 1.2467, the 38.2% pullback level (blue dotted line). Fig. 1 (daily chart). […]

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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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