Analytics and trading signals for beginners. How to trade EUR/USD on April 20. Overview of trade on Monday. Getting ready for trade on Tuesday
Analytics and trading signals for beginners. How to trade EUR/USD on April 20. Overview of trade on Monday. Getting ready for trade on Tuesday
Despite the empty economic calendar, volatility surged sharply and the US dollar plummeted
Forex Analysis & Reviews
April 19, 2021 : EUR/USD daily technical review and trade recommendations.
Another downside movement was expressed towards 1.1840. Breakdown below it triggered another downside movement towards 1.1780-1.1750 which failed to hold for a while.
Further bearish decline extended towards 1.1710 which provided BUYING Pressure while being tested.
Analysis of GBP/USD on April 19. UK recorded calm news, accompanied by a strengthening sterling
The wave pattern for the Pound/Dollar instrument cleared up a little on Monday. The GBP quotes began a new rise and exceeded the peak of the previous wave, thus showing the construction of a new upward set of waves, which began on March 25. So far, everything looks exactly like this.
Analysis of EUR/USD on April 19. US retail sales and EU inflation have failed to mislead the markets
The wave counting on the 4-hour chart is still completely understandable and has not undergone any changes in recent days.
April 19, 2021 : GBP/USD Intraday technical analysis and trade recommendations.
Recent bullish trials for retesting of 1.3900 should have given many valid SELL Entries as suggested in previous article.
Bearish Persistence below 1.3820 favoured bearish decline towards 1.3600 where the lower limit of the depicted movement channel could be tested.
April 19, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
The EURUSD pair has launched the current bearish decline below 1.1820. Further bearish continuation was expected to pursue towards 1.1690.
Around 1.1690, a high probability bullish trade could be taken, a bullish pullback has been initiated since then.
Trading Signal for Bitcoin BTC/USD, for April 19 - 20, 2021: Sell below 56,250
Given that the market is under downward pressure, we recommend waiting for a rebound below the 200 EMA located at 57,900, in order to sell with targets of 50,000 in the medium term.
Weakened but not broken: ETH, XRP, LTC, and other altcoins starts to pick up momentum
Major cryptocurrencies were expected to rise significantly over the weekend. Asset indicators, investor sentiment, and the news background contributed to the establishment of new all-time highs by altcoins.
Ichimoku cloud indicator analysis of EURUSD for April 19, 2021
EURSD is in bullish trend in the 4 hour chart according to the Ichimoku cloud indicator. Price is above the Kumo (cloud) support and above both the tenkan-sen (Red line indicator) and the kijun-sen (yellow line indicator).
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Ichimoku cloud indicator analysis of Gold for April 19, 2021
Gold price made a high today at $1,789 and is now trading at $1,774. Short-term trend remains bullish. Our first target of $1,788 has been achieved and now we wait to see if this up trend continues towards $1,806.
Trading Signal for Nasdaq 100 #NDX for April 19 - 20, 2021: Sell below 13,950
Now we notice the Nasdaq, which could break the key level of 13,977, since the SMA of 21 is located at this level, and breakdown and consolidation below this level we expect a...
Ichimoku cloud analysis of Bitcoin
Bitcoin was in crypto headlines during the weekend as price made a sharp reversal lower and a deep pull back from above $60k to $50k. As we mentioned in previous analysis, the chances of a major reversal in Bitcoin and a deeper correction towards $40k are high. Today we use the Ichimoku cloud.
USDJPY reaches pull back target
On April 6th in our analysis we warned USDJPY bulls that as price was breaking out of the bullish channel, it was time for a correction. At that time we were expecting the correction to push price lower towards 108.35-109 area. Price has reached this level and even pushed a bit lower.
Trading Signal for GBP/USD for April 19 - 20, 2021: Key level 1.3977
On the other hand, 1.3855 / 25 zone of the 200 EMA now appears to act as immediate strong support. Any other weakness could now be seen as a buying opportunity.
Bitcoin is one step away from a crash to the area of 45,000. Players take profit amid talks about possible regulation by the Securities and Exchange Commission
Bitcoin has partially recovered its losses after yesterday's 15% drop in about one hour. Why has Bitcoin fallen so sharply? The UK Treasury and the Bank of England are considering the option of creating a digital currency
Trading Signal for EUR/USD for April 19 - 20, 2021: Key level 1.1995
The Euro is expected to remain bullish only if it consolidates above 1.1995. In the chart, we can see the strong resistance, where last week it could not break it. At this level...
Sterling edges up, GBP/USD observes a bullish trend
The British pound had a very strong start in 2021 when it rallied on expectations that the accelerated vaccination would lead to a boom in the economy, and now GBP/USD bulls are glad they did not get rid of long positions due to the correction in February-March.
BTC/USD quotes fell to $50,000: trend change or local decline
Despite the positive dynamics of price changes and increasing demand, bitcoin failed to gain market support after reaching an all-time high. This led to a powerful collapse of asset quotes by 10%, to $50,000.
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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.
