Video market update for April 28, 2023

Potential for the upside continuation on the Gold… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBP/USD Outlook for April 28, 2023 April 28, 2023 GBP/USD is developing an upward correction, moving towards key resistance…Ichimoku cloud indicator analysis on EURUSD for April 28th,… April 28, 2023 EURUSD is trading around 1.0990. Short-term […]

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Will the dollar gain strength after today’s inflation data?

Yesterday, the BEA published its preliminary first estimate of GDP for the first quarter. The report shows that GDP growth was only 1.1%, which means that the companies themselves actively invested their own revenues, while GDP growth was based on sustainable consumer spending. Yesterday’s GDP report was below Wall Street analysts’ estimates, which had forecast […]

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Technical Analysis – USDCHF gathers pace ahead of US GDP data

USDCHF has been capped below the resistance trendline of a former bearish channel, which the price re-entered to post a new two-year low of 0.8850. Despite the unsuccessful attempts to return above 0.9000 over the past few weeks, the technical indicators show improvement in sentiment. The RSI has marked a new higher high in the bearish territory and […]

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US premarket trade on April 28, 2023. Stock market down amid rising fears

Futures on US stock indexes have fallen as the tech companies’ rally has weakened, and persistent inflationary pressure has reinforced expectations of further interest rate hikes in the US and Europe. Treasury bonds have risen. Futures contracts on the S&P 500 and Nasdaq 100 have fallen by about 0.3% each, as Amazon.com Inc.’s report about […]

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Analysis and trading tips for GBP/USD on April 28 (US session)

Pound continued to trade sideways even though the economic calendar is empty. As for the price test of 1.2488, it occurred when the MACD line was just climbing above zero, which was a good resn to buy. However, the trades resulted in losses. Ahead are key reports on the US economy, such as the index […]

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Analysis and trading tips for EUR/USD on April 28 (US session)

Although there were no signs of recession, GDP data in the Euro area was slightly disappointing, indicating that the economy is not as strong as expected. This is why the ECB may continue an aggressive policy in order to curb high inflation. As for the price test of 1.1006, it occurred when the MACD line […]

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GBP/USD: trading plan for the American session on April 28 (analysis of morning trades)

In my morning forecast, I drew attention to the level of 1.2461 and recommended making decisions about entering the market from there. Let’s look at the 5-minute chart and figure out what happened there. After the pair’s decline to test 1.2461, it was a few points short, so I didn’t get a buy signal there. […]

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Week Ahead – Fed and ECB decisions set the stage for US payrolls

An explosive week lies ahead for global markets, featuring central bank decisions in the United States, Eurozone, and Australia, alongside the latest edition of nonfarm payrolls. The Fed is expected to raise interest rates one final time, so the dollar will react mostly to any signals around future action. But the euro might enjoy even […]

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Four Reasons to Buy Bitcoin

As soon as Bitcoin started to spread its wings a bit, predictions of its bright future with an astonishing price began to appear. Standard Chartered believes that the crypto winter is over, and by the end of 2024, BTCUSD quotes will reach a new record high of 100,000. The main reasons cited are turmoil in […]

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Forex forecast 04/28/2023 USD/JPY, EUR/GBP and GBP/JPY from Sebastian Seliga

Let’s take a look at the technical picture of USD/JPY, EUR/GBP and GBP/JPY. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD and GBP/USD trading plan for beginners on April 28,… April 28, 2023 Details of the economic calendar on April 27 The first…Indicator analysis: Daily review of GBP/USD on April 28,… […]

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Weekly Forex Outlook: 28/04/2023 – Fed and ECB decisions set the stage for US payrolls

An explosive week lies ahead for global markets, featuring central bank decisions in the United States, Eurozone, and Australia, alongside the latest edition of nonfarm payrolls. The Fed is expected to raise interest rates one final time, so the dollar will react mostly to any signals around future action. But the euro might enjoy even […]

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Bitcoin in recovery mode amid renewed banking concerns – Cryptocurrency News

Bitcoin and most major altcoins have experienced some wild swings during this week after a barrage of contradicting economic developments. Initially, digital assets slumped from their recent multi-month peaks due to a broader risk-off sentiment, which was reinforced by aggressive selling from two large crypto accounts. However, cryptocurrencies rebounded strongly on the back of another […]

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Technical Analysis – Will USDJPY successfully surpass the 200-day SMA soon?  

USDJPY is boosting its advance to a fresh seven-week high of 136.00, jumping above the 135.15 key level. The RSI indicator is rising towards the 70 level with strong momentum, while the MACD is trying to surpass its trigger line in the positive region. In trend indicators, the 20- and the 50-day simple moving averages […]

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EUR/USD and GBP/USD trading plan for beginners on April 28, 2023

Details of the economic calendar on April 27 The first estimate of the United States GDP for the first quarter showed growth of only 1.1%, while analysts expected 2%. The steady slowdown of the economy and the potential slide into recession are undoubtedly not the best factors for the U.S. dollar, although the U.S. currency […]

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Technical Analysis – USDCAD brings weekly resistance back into play

USDCAD bounced on the 50-day simple moving average (SMA) early on Friday to recoup Thursday’s losses and fight against the weekly resistance of 1.3650. The odds are leaning on the bullish side as the RSI is maintaining an upward trajectory above its 50 neutral mark and the MACD is trying to enter the positive area. Yet […]

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Bitcoin ends trading week near $30k: what to expect for the weekend?

The ending week has been extremely volatile for Bitcoin due to a series of important events. In total, over 80,000 traders’ positions were liquidated during the week, amounting to more than $400 million. Despite the excessive price movement variability, the asset managed to maintain its bullish structure. The local corrective movement of BTC ended near […]

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The European Central Bank will be forced to slow down the pace of interest rate hikes

Yesterday, the euro reacted quite predictably to the weak US GDP, as the slowdown in economic growth in the 1st quarter of this year, which is partly attributed to military funding for Ukraine, is likely pushing investors to think about a more severe recession in early 2024 than many politicians and economists expect. The euro […]

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Indicator analysis: Daily review of GBP/USD on April 28, 2023

Trend analysis (Fig. 1). The market may move downward from the level of 1.2493 (closing of yesterday’s daily candle) with the target at 1.2437, the 85.4% pullback level (yellow dotted line). Upon reaching this level, an upward movement is possible with the target at 1.2546, the upper fractal (yellow dotted line). Fig. 1 (daily chart). […]

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Indicator analysis: Daily review of EUR/USD on April 28, 2023

Trend analysis (Fig. 1). The market may move downward from the level of 1.1027 (closing of yesterday’s daily candle) to the 1.1008 support level (bold white line). When testing this level, an upward movement is possible with the target at 1.1095, the upper fractal (yellow dotted line). Fig. 1 (daily chart). Comprehensive analysis: Indicator analysis […]

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BTC update for April 28,.2023 – Upside continuation in the play

Technical analysis: BTC has been trading upside yesterday but I found the breakout of the triangle pattern, which is good sign for the further higher prices. Due to the breakout of the triangle pattern in the background and upside trend on higher time-frames, I see potential for the further upside continuation. Upside objective is set […]

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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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