Forecast for GBP/USD on April 23, 2021
Forecast for EUR/USD on April 23, 2021
The euro intends to continue rising towards the 1.2105 target.
Forex Analysis & Reviews
Forecast for USD/JPY on April 23, 2021
The USD/JPY pair is showing signs of a sharp rise in the coming days.
Analytics and trading signals for beginners. How to trade EUR/USD on April 23? Analysis of Thursday. Getting ready for Friday
The results of the ECB meeting and Christine Lagarde's press conference plunged the European currency.
EUR/USD. Storm in the glass: ECB did not live up to the hawkish hopes, but the euro is holding its own
The European Central Bank has not become an ally of the euro, so now the EUR/USD pair's prospects fully depend on the dollar's behavior.
Short-term analysis on USDJPY
USDJPY has declined from 111 to 108 as expected after breaking out of the bullish channel. Price has stopped the decline right at the 38% Fibonacci retracement and key short-term support. A bounce towards 109-110 is justified at this point in time. Price might make a new lower low towards 107.70.
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Short-term technical analysis on Gold for April 22, 2021
Gold price is trading around $1,781. Price remains inside the bullish channel since $1,677 and continues making higher highs and higher lows. Our bullish target as we mentioned in previous posts is now at $1,806 and next at $1,820-25 area.
Bitcoin shows signs of weakness using the Ichimoku cloud indicator.
Bitcoin is trading near $53,000 price level after making a high last week around $64,760. We have warned several times before that despite price making higher highs, the RSI was giving bearish divergence signals by making lower highs. Today we have confirmation by the Ichimoku cloud indicator that.
Analysis of GBP/USD on April 22. Statistics were ignored, the wave counting continues to be in the first place
The quotes of the Pound/Dollar instrument began to move away from the highs reached, and so far it does not fit well into the internal wave structure of the expected wave 3 or c.
Analysis of EUR/USD on April 22. ECB left parameters of monetary policy unchanged
The wave counting on the 4-hour chart still does not require any clarifications or additions. I continue to conclude that the instrument is now in the process of building a new upward trend.
April 22, 2021 : EUR/USD daily technical review and trade recommendations.
An upside pullback was expected to pursue towards 1.1840 & 1.1990. Both levels failed to provide sufficient bearish pressure. Now, the price zone of 1.1990 stands as a prominent SUPPORT-Zone for the EURUSD pair.
Currently, as long as the ongoing breakout above 1.1990 is maintained, more upside.
April 22, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
Around 1.1690, a high probability bullish trade could be taken, a bullish pullback has been initiated since then.
This recent bullish pullback towards the price zone of 1880 failed to find sufficient SELLERS. That's why, more bullish advancement was demonstrated towards 1.2050.
Currently, failing.
April 22, 2021 : GBP/USD Intraday technical analysis and trade recommendations.
Bearish breakout below 1.3600 was needed to enhance further bearish decline towards 1.3500 and probably 1.3400.
However, the GBPUSD pair was trapped above the ascending trend (1.3670) and below the key-level around 1.3850 before a temporary bullish breakout above 1.3945 took place this week.
Trading Signal for Bitcoin BTC/USD, for April 22 - 23, 2021: Bearish outlook to 34,340
A consolidation below 59,000 and the psychological level of 50,000 in a short time could be expected, but the sharp break of some of these range points for...
Short-term technical analysis on XRP/USD for April 22, 2021
XRP/USD is trading around $1.30. Short-term trend remains bearish as price is still below key resistance trend line. Since April 18th price is mostly moving sideways. Price has formed a triangle pattern. Traders need to keep a close eye on the triangle boundaries for additional signals.
Trading Signal for Nasdaq 100 #NDX, for April 22 - 23, 2021: Key Level 13,900
On the technical level, we note a key level of 13,900, if the Nasdaq 100 #NDX, breaks this level and consolidates below, a fall to the support of 13545 could occur, and if the downward...
Short-term technical analysis on EURUSD for April 22, 2021
EURUSD is challenging today the short-term bullish channel it is in since 1.17. Price is very close to breaking out of the channel and if price closes the 4 hour candlestick below 1.20 we can have our first sign of weakness since the low of 1.17.
EURUSD. The ECB will put an end to the growth of the European currency in the near future
Today's decision of the European Central Bank harmed the European currency, as traders have not received any new guidelines to continue buying the euro at current highs. The Biden administration is seriously considering calls from progressive Democrats to speed up global access to COVID-19.
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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.
