Analysis of Gold for April 27, 2023 – Potential for higher prices

Technical analysis: Gold has been trading upside this morning and the there i still lots of potential for the further upside movement. 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 objectives are set at the price […]

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

If we look at the macroeconomic data, the weakening of the dollar is somewhat surprising, as durable goods orders in the United States increased by 3.2%. Notably, economists had expected just a 0.6% rise. However, it is better to pay attention to the moment when the dollar weakened. The fact is that it happened at […]

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RBA could opt for a stronger aussie at Tuesday’s rate decision – Forex News Preview

It is the start of a new month and time for another RBA rate-setting meeting. While this is expected to be overshadowed by the week’s other key central meetings, the market remains extremely interested in the RBA’s assessment of the economic developments in the wider region. The week also includes some noteworthy data releases and […]

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Technical Analysis – AUDUSD set for third bearish monthly close

AUDUSD is set for its third negative monthly close after failing to pierce through the 0.6800 level. The focus is currently on the March low of 0.6563 as the short-term outlook is looking blurry. The pair could not successfully climb above its 200-day simple moving average (SMA), with the 38.2% Fibonacci retracement level of the […]

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Tips for trading Bitcoin

Bitcoin lost $2,500 in just an hour during Wednesday’s US session. Now, it is seeing a pullback, which is a good signal for short positions. The decline started around the area where there was a breakdown last April 16. This decline could be viewed as wave A of a three-wave pattern (ABC), which means that […]

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Hot forecast for EURUSD on 27/04/2023

If we look at the macro data, the dollar’s depreciation is somewhat surprising, as durable goods orders in the United States increased by 3.2%. While they were expected to grow by only 0.6%. We should pay attention to when the euro grew exactly. And it happened at the very opening of the European trading session. […]

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CAD/JPY: sell-off seems over

The CAD/JPY pair rallied in the last hours and it seems determined to come back higher after its massive drop. Technically, after its strong drop, a bounce back is natural. The price action signaled a new leg higher. CAD/JPY is trading at 98.25 at the time of writing. Today, the US Advance GDP could have […]

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Apple earnings hit rough patch, can buybacks save the day? – Stock Market News

Apple will release its earnings report on Thursday, May 4, after Wall Street’s closing bell. Earnings and sales are projected to have declined for a second quarter as struggling consumers seem reluctant to upgrade their devices. An expansion of the buyback program might be a saving grace for Apple shares, but with the valuation still […]

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Technical Analysis – WTI crude oil dips further from 200-day SMA

WTI crude oil futures have been underperforming over the last couple of weeks after the pullback off the 83.46 resistance and the 200-day simple moving average (SMA). The market recouped the bullish gap posted on April 3 and the selling interest continues, something confirmed by the technical oscillators. The MACD is easing beneath its trigger line, while the stochastic is diving […]

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Analysis and trading tips for EUR/USD on April 27

Analysis of transactions and tips for trading EUR/USD There was a price test of 1.1001. However, the MACD line was quite far from zero at that time, so the upward potential was limited. Selling after a rise to 1.1034 also led to losses, as there was no market reversal. No other signals appeared for the […]

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EUR/USD. Overview for April 27th. The hit parade of illogicality continues

On Wednesday, the EUR/USD currency pair showed an upward movement again. The day before, the pair had consolidated below the moving average line, the CCI indicator had already entered the overbought area twice (which happens extremely rarely), and there were no reasons for the euro to grow yesterday. But that’s precisely why the European currency […]

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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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