Analysis of GBP/USD on April 27th. Failure of the American economy

The wave analysis for the pound/dollar pair still looks complicated because it does not look like a classic trend correction or impulse section. Since the current upward wave has exceeded the peak of the last wave b, the entire downward section of the trend, consisting of waves a-b-c, can be considered complete. Although it is […]

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Technical Analysis – JP225 index bulls remain focused on retesting 28,650

The JP225 cash index is edging higher today as the bulls are trying to figure out a way to break the resistance set at 28,650. This area has been haunting them since March 2022 with the most recent price action bringing back memories of the August 14, 2022 failed breakout that prompted a sizeable drop […]

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EUR/USD: greenback to regain lost ground

On Thursday, dollar bears are taking a pause ahead of the release of key data on US economic growth. Yesterday, the greenback fell by about 0.4% to 101.20 against its main competitors, trimming almost all gains posted the day before. The prospects of a recession in the US in the second half of 2023 are […]

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Technical Analysis – AUDUSD stands below the upward sloping channel

AUDUSD lost some ground in the preceding sessions, falling beneath the short-term upward sloping channel and the simple moving averages (SMAs). Currently, the price is trying to recoup some losses and is testing the 0.6625 key level. The RSI is pointing marginally up below the 50 level; however, the MACD is holding beneath its trigger […]

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Video market update for April 27, 2023

Upside in the play on the Gold …. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USD/JPY Outlook for April 27, 2023 April 27, 2023 Investors are mostly in no hurry to make new major…Analysis and trading tips for GBP/USD on April 27 (US… April 27, 2023 Pound performed quite well this […]

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Bitcoin and Ether trading with wild moves

Bitcoin and Ethereum were painfully battered yesterday. After BTC’s good correction around $27,200, a looming “credit crunch” in the American banking sector once again forced investors to revise drastically portfolios and shift focus towards cryptocurrencies. In this context, Bitcoin climbed to the $30,000 level, extending the recent period of turbulence at around the closely watched […]

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USD/JPY Outlook for April 27, 2023

Investors are mostly in no hurry to make new major deals on the eve of important events, and the USD/JPY pair consolidates in the zone of the balance line, which is currently fulfilled by the 200-period moving average on the daily chart of the pair, near the marks and support levels of 133.85 (200 EMA […]

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Analysis and trading tips for GBP/USD on April 27 (US session)

Pound performed quite well this morning even though the economic calendar is empty. But the first price 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 […]

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Analysis and trading tips for EUR/USD on April 27 (US session)

As expected, consumer confidence in the Euro area remained unchanged compared to the previous month, maintaining market balance ahead of the key US GDP report for the 1st quarter of this year. As for the price test of 1.1044, it occurred when the MACD line was already far from zero, so the downward potential was […]

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Technical Analysis – Palladium futures break above restrictive trendline but fail to rally

Palladium futures (June delivery) have been stuck in a prolonged downtrend since September 2022, generating consecutive lower highs and lower lows. Even though the commodity managed to slice through its descending trendline and the 50-day simple moving average (SMA), its upside attempt faltered quickly. The momentum indicators are reflecting a cautiously positive tone as buyers […]

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BITCOIN: Technical analysis of the situation

Bitcoin Not long ago, Bitcoin managed to recover to 30,000, seizing the support of the monthly short-term trend and forming the appearance of upward prerequisites on the weekly timeframe in the form of a golden cross. The monthly Ichimoku cloud is currently located around 30,000, and as a result of testing which, a slowdown and […]

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GBP/USD: trading plan for the American session on April 27 (analysis of morning trades)

In my morning forecast, I drew attention to the level of 1.2454 and recommended making decisions on entering the market from there. Let’s look at the 5-minute chart and figure out what happened there. The decline and breakthrough at this level occurred without a false breakout, so it was impossible to get a buy signal. […]

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USD/JPY: Bank of Japan April Meeting Preview

On Friday, the Bank of Japan will summarize its meeting this month. In anticipation of this event, the yen is behaving quite calmly: in the pair with the greenback, it follows the American currency, which, in turn, is under pressure amid declining hawkish expectations regarding further actions by the Fed. On the one hand, traders […]

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Technical Analysis – BTCUSD spikes upwards after hitting 50-day SMA

BTCUSD (Bitcoin) experienced a pullback after its 2023 surge peaked at the 10-month high of 31,064 in mid-April. However, the price has bounced back again after the 50-day simple moving average (SMA) curbed its retreat. The momentum indicators currently suggest that buyers have re-gained the upper hand. Specifically, the RSI is pointing upwards above its […]

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Bitcoin recovered above $29k as U.S. debt limit rises

Over the past two days, Bitcoin has managed to break the corrective movement near the $27k level. The first factor that contributed to strengthening the bulls’ positions was the collapse of the American bank FRC’s shares. This once again confirmed the vulnerability of the banking system, and BTC received an upward impulse. The second factor […]

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Tips for trading EUR/USD

EUR/USD saw a false breakout of the weekly highs during Wednesday’s US session. This left behind quite massive liquidity, which the pair is likely to go for in the near future. And since there is a three-wave pattern (ABC) where wave A is the selling pressure observed yesterday, traders could enter the market today by […]

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EUR/USD. April 27th. The euro continues to break its way up

On Wednesday, the EUR/USD pair made a new reversal in favor of the European currency and showed strong growth. The pair closed above the corrective level of 100.0% (1.1035), but by the end of the day, the quotes returned to it. A rebound from this level will allow traders to expect growth toward the 1.1105 […]

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Technical Analysis – EURUSD eases somewhat after another failed attempt above 1.1070

EURUSD is struggling to gain positive momentum after another unsuccessful closing session above the 1.1070 resistance level. The downside reversal in the RSI and the slowdown in the MACD oscillator justify the diminishing buying pressure, though both remain well above their neutral thresholds keeping the short-term risk skewed to the upside. Should selling forces strengthen, […]

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GBP/USD. April 27. The GDP report will not affect the Fed’s policy

On the hourly chart, the GBP/USD pair on Wednesday reversed in favor of the British currency and rose to the previous day’s peak at the price level of 1.2505. The bulls currently have a very small advantage if we consider the pair’s movement over the last two weeks and a very large one in the […]

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EUR/USD and GBP/USD trading plan for beginners on April 27, 2023

Details of the economic calendar on April 26 The volume of orders for durable goods in the U.S. is above forecast, but the market was influenced by an interview with ECB Executive Board member Philip Lane. The statistics showed an increase in order volume by 3.2% year-on-year in March and 0.3% month-on-month. Nevertheless, the market […]

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US GDP data will determine the Fed’s plans

Dollar is sliding rapidly as the release of US Q1 GDP is approaching. Of course, good numbers will be in favor of the currency, as that will support the Fed in their insistence on maintaining an aggressive policy to curb high inflation. Not long ago, Chicago Fed President Austan Goolsbee said he is still waiting […]

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Forex forecast 04/27/2023 EUR/USD, USD/CHF, Gold and Bitcoin from Sebastian Seliga

Let’s take a look at the technical picture of EUR/USD, USD/CHF, Gold and Bitcoin. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD and GBP/USD trading plan for beginners on April 27,… April 27, 2023 Details of the economic calendar on April 26 The volume…BTC update for April 27,.2023 – Potential for […]

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BTC update for April 27,.2023 – Potential for the breakout of the triangle pattern

Technical analysis: BTC/USD has been trading sideways at the price of $29.000 and there is potential for breakout of the tight symmetrical triangle pattern. In case of the breakout of the support at the price of $28.680, I see potential for the market to go towards $27.700 In case of the upside breakout of the […]

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US House of Representatives passes bill to increase national debt limit by $1.5 trillion

Shortly after former US Secretary of State Hillary Clinton warned that a default on debt obligations could lead to a global financial collapse, the US House of Representatives passed a bill to increase the government debt limit by $1.5 trillion. Earlier, Clinton said that if the Congress continues to be passive with the possible default, […]

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Indicator analysis: Daily review of GBP/USD on April 27, 2023

Trend analysis (Fig. 1). The market may move upward from the level of 1.2464 (closing of yesterday’s daily candle) with the target at 1.2514, the upper fractal (blue dotted line). When testing this level, the price may continue to move upward with the target at 1.2545, the upper fractal (yellow dotted line). Fig. 1 (daily […]

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EUR/USD analysis for April 27, 2023 – Potential for the upside movement

Technical analysis: EUR/USD has been trading sideways at the price of 1.1050 and there is potential for the upside continuation towards upside reference. Due to the strong upside cycle on the longer time-frames and building higher lows in last couple of days, I see potential for the further growth. Upside objective set at 1.1095 Support […]

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Indicator analysis: Daily review of EUR/USD on April 27, 2023

Trend analysis (Fig. 1). The market may move upward from the level of 1.1041 (closing of yesterday’s daily candle) to 1.1101, the upper limit of the Bollinger line indicator (black dotted line). From this level, a downward movement is possible with the target at 1.1032, the 76.4% pullback level (blue dotted line). Fig. 1 (daily […]

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