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Analysis of quotes for major cryptocurrencies on April 20, 2021

10:36 2021-04-20 UTC--5 Relevance up to 09:00 2021-04-21 UTC--5

Author: Artem Petrenko

Popular analitics

EUR/USD: plan for the European session on April 20. COT reports. Euro bulls rise above 1.2047, continuing the upward trend. Aim for 1.2109

01:31 2021-04-20 UTC--5

Dollar is sinking deeper into negative territory

06:44 2021-04-20 UTC--5

GBP/USD: plan for the European session on April 20. COT reports. Pound bulls stopped around the 40th figure

01:31 2021-04-20 UTC--5

Forecast and trading signals for EUR/USD on April 20. Analysis of yesterday's review and the pair's trajectory on Tuesday

21:57 2021-04-19 UTC--5

Trading recommendations for starters of EUR/USD and GBP/USD on April 20, 2021

04:00 2021-04-20 UTC--5

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Hot topic: Coronavirus (COVID-19)

Crypto-currencies Relevance up to 09:00 2021-04-21 UTC--5

Analysis of quotes for major cryptocurrencies on April 20, 2021

The cryptocurrency market is experiencing the most powerful downturn in the second quarter of 2021, which started quite optimistically. Fixed assets continue to rapidly fall in price, and the total market capitalization sank by 2.7% in just 24 hours.

Wave analysis Relevance up to 07:00 2021-04-23 UTC--5

Wave analysis of GBP/USD on April 20. Start of bullish momentum hints at a price increase

Analysis of the situation from the point of view of the classic Elliott wave analysis.

Crypto-currencies Relevance up to 10:00 2021-04-22 UTC--5

Trading Signal for Ripple XRP, for April 20 - 21, 2021: Buy above $1.1720

However, this will give us an opportunity to buy low and take a good position for the new wave that could take Ripple to the $ 2.50 level in the coming months.

Crypto-currencies Relevance up to 06:00 2021-04-22 UTC--5

BTC/USD. How long will the bearish trend last?

After the remarkable listing of Coinbase shares on the NASDAQ platform, the cryptocurrency was covered by a wave of correction. The negative news background worsened the situation and provoked a reduction in the capitalization of the crypto asset market by 6.2% over the past day alone.

Stock Markets Relevance up to 09:00 2021-04-22 UTC--5

Trading Signal for Dow Jones #INDU for April 20 - 21, 2021: Sell Below 33,950

On the technical level we note that the Dow Jones, in 1-hour charts is trading below the SMA of 21 and below the strong resistance of 34.137, at this level the #INDU has...

News Relevance up to 05:00 2021-04-21 UTC--5

What will help euro extend rally amid overbought conditions? Short-term traders are set for a pullback in the euro and pound

Short-term speculators consider the current surge in the single currency only as a correction from the decline from January to March. If you look at the situation more broadly, you can see another essence of the picture.

Technical analysis Relevance up to 08:00 2021-04-22 UTC--5

Trading Signal for GBP/USD for April 20 - 21, 2021: Sell Below 1.3985

According to the eagle indicator on the 1-hour chart, we can see the overbought signal and there is likely to be a technical correction towards the support level of...

Trading plan Relevance up to 08:00 2021-04-21 UTC--5

GBP/USD: plan for the US session on April 20 (analysis of morning trades)

In my morning forecast, I paid attention to the level of 1.4000 and recommended making a decision based on it. On the 5-minute chart, you can clearly see

Trading plan Relevance up to 08:00 2021-04-21 UTC--5

EUR/USD: plan for the US session on April 20 (analysis of morning trades)

In my forecast for the first half of the day, I paid attention to the level of 1.2047 and recommended to act based on it. Let's look at the 5-minute chart and figure out the entry points.

Technical analysis Relevance up to 05:00 2021-04-21 UTC--5

EUR/USD and GBP/USD. Everything turned out worse than expected, except for speculative operations

Europe and the UK are experiencing difficult economic times, and no matter how loudly politicians shout about the vaccination program and the early mitigation of quarantine measures introduced in connection with the coronavirus pandemic, one should not expect a quick economic recovery.

News Relevance up to 07:00 2021-04-21 UTC--5

Biggest monthly fall: global stock markets drop, offsetting recent records

On Monday, global markets closed down. A synchronous and steep fall in stock values frightened investors. What was the reason?

Technical analysis Relevance up to 04:00 2021-04-21 UTC--5

AUD/USD among the top growth leaders

After receiving support last week from positive data from the Australian labor market, the AUD strengthened significantly, and the AUD/USD pair rose.

Crypto-currencies Relevance up to 06:00 UTC--5

Trading plan for Ethereum for April 20, 2021

Ethereum had managed to hit both fibonacci targets projected around $2,000 and $2,436 over the past few week (see the red color projections). The sharp decline that came through thereafter was not a surprise as we expect prices to drop towards $1,500

News Relevance up to 03:00 2021-04-21 UTC--5

Dollar is sinking deeper into negative territory

There is a very low chance that the dollar will increase in the long term. But in the short term, it might be able to win back the previous losses.

Crypto-currencies Relevance up to 06:00 UTC--5

Trading plan for Bitcoin for April 20, 2021

Bitcoin almost hit the projected targets at $63,000 and $65,000 respectively over the last 02 weeks as discussed here. The sharp decline towards $51,300 levels last week was also in line with expectations.

Technical analysis Relevance up to 03:00 2021-04-21 UTC--5

Technical analysis recommendations for EUR/USD and GBP/USD on April 20

Bullish traders continue to rise. In April, they managed to recover almost everything that was lost in March. Currently, the zone of upward targets is being tested.

Crypto-currencies Relevance up to 04:00 2021-04-21 UTC--5

Bitcoin takes another hit

Bitcoin continues to fall on Tuesday, April 20, against the background of the banal lack of a positive fundamental background that could cause the resumption of growth in quotes.

Crypto-currencies Relevance up to 06:00 2021-04-21 UTC--5

BTC analysis for April 20,.2021 - Upside movement is expected towards the $57.800 and $60.150

Watch for buying opportunities...

Technical analysis Relevance up to 06:00 2021-04-22 UTC--5

EUR/USD analysis for April 20 2021 - Bullish flag pattern in the play and potetnial for test of 1..2078

Watch for buying opportunities...

Trading plan Relevance up to 06:00 UTC--5

Trading plan for Gold for April 20, 2021

Gold might have completed its corrective rally that had begun since $1,676 lows around March 08, 2021. The yellow metal has produced a complex corrective rally consisting of 3 waves. The first wave carried prices through $1,755, followed by a drop

Technical analysis Relevance up to 06:00 2021-04-21 UTC--5

Analysis of Gold for April 20,.2021 - Bull flag pattern and potential for re-test of $1.789 and $1.815

Watch for buying opportunities...

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We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.