Bitcoin Starts Breaking Resistance

The crypto market has gained 2% over the past 24 hours, reaching $2.75 trillion. This marks a surge to the highest levels in three and a half weeks and an attempt to break upwards from a prolonged consolidation. At this stage, attention is focused on top-tier coins — BTC, ETH, XRP, and BNB — all gaining over 2%. However, among slightly smaller-cap coins, performance remains quite varied.

Bitcoin jumped to $87,500 on Monday, testing the late March highs. The leading cryptocurrency managed to bounce off the 50-day moving average, around which it had been hovering for the past week and a half. A solid close above the $88,000 area would signal a break in the downtrend and a return to levels above the 200-day moving average.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

The Dollar Repeats Its Bearish Pattern of the 1980s and 2000s

After four consecutive weeks of decline, the dollar index started the new Monday by continuing its move into the territory of three-year lows. Once again, a worrying sign is that this dollar weakness is not translating into buying in stocks or bonds — their indices are also losing ground.

From a technical standpoint, the dollar index has broken through the 161.8% level of the initial impulse from the highs at the start of the year to a significant pause in early March. The DXY received little to no support around the 99–100 area, which had triggered reversals over the past two years.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

What is next: Euro Area PMI and US Durable Goods Orders

The following economic data events are worth paying attention to in the new week.

Wednesday will see the release of preliminary PMI estimates for April, which could have a noticeable impact on sentiment on the Euro and European equities. A strong recovery in business activity began in December but could be shattered by tariff fears, as was the case with the ZEW reading for Germany in the outgoing week.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

USDJPY Wave Analysis – 21 April 2025

- USDJPY broke support area

- Likely to fall to support level 139.55

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

EURUSD Wave Analysis – 21 April 2025

- EURUSD broke the resistance area

- Likely to test resistance level 1.1600

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

🗓 Economic Calendar at 2025/04/22 (GMT)

13:00 🇺🇸 FOMC Member Philip N. Jefferson Speaks

14:00 🇪🇺 ECB President Christine Lagarde Speaks


[Updated in real time]

Natural Gas Wave Analysis – 21 April 2025

Natural gas: ⬇️ Sell

Natural gas broke support area

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

Nike Wave Analysis – 21 April 2025

- Nike reversed from the long-term support level 52.60

- Likely to rise to resistance level 60.00

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

Crypto Market Escapes from Fear

The crypto market has gained around 2% over the past seven days, with most of the increase coming at the start of this week. With a market capitalisation of $2.76 trillion, the crypto market has reached the upper boundary of its April range. For now, it can be noted that the market managed to find support at the key $2.45 trillion level—a former resistance zone last year that became the launchpad for the rally starting in November.

Sentiment is also recovering, with the relevant index rising to 47, matching the highs of 27 March. This marks a promising move from the fear zone into neutral territory. Such shifts are often followed by continued market strength after a pullback.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

👁Top earning picks: Tesla, Boeing, Lockheed & more!

Check out FxPro’s top picks for the week ahead. We believe that these earnings reports may significantly impact the following stock prices.

Prepare for volatility and check the earnings calendar for margin requirements here.
Note: Dates and times are subject to change.

AUDUSD Wave Analysis – 22 April 2025

- AUDUSD reversed from the key resistance level 0.6400

- Likely to fall to support level 0.6300

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

🗓 Economic Calendar at 2025/04/23 (GMT)

07:15 🇫🇷 Manufacturing PMI — Exp: 47.9 Actual: 48.2

07:15 🇫🇷 Services PMI — Exp: 47.7 Actual: 46.8

07:15 🇫🇷 PMI Composite — Exp: 47.8 Actual: 47.3

07:30 🇩🇪 Manufacturing PMI — Exp: 47.5 Actual: 48.0

07:30 🇩🇪 Services PMI — Exp: 50.3 Actual: 48.8

07:30 🇩🇪 PMI Composite — Exp: 50. Actual: 49.7

08:00 🇪🇺 Manufacturing PMI — Exp: 47.4 Actual: 48.7

08:00 🇪🇺 Services PMI — Exp: 50.4 Actual: 49.7

08:00 🇪🇺 PMI Composite — Exp: 50.3 Actual: 50.1

08:30 🇬🇧 Manufacturing PMI — Exp: 44.0 Actual: 44.0

08:30 🇬🇧 Services PMI — Exp: 51.5 Actual: 48.9

08:30 🇬🇧 PMI Composite — Exp: 50.4 Actual: 48.2

10:30 🇬🇧 MPC Member Huw Pill Speaks

13:30 🇺🇸 FOMC Member Christopher J. Waller Speaks

13:45 🇺🇸 Manufacturing PMI — Exp: 49.0 Actual: 50.7

13:45 🇺🇸 Services PMI — Exp: 52.8 Actual: 51.4

13:45 🇺🇸 PMI Composite Actual: 51.2

14:00 🇺🇸 New Home Sales — Exp: 682K Actual: 724K | 7.4%

14:30 🇺🇸 Crude Oil Inventories — Exp: 1600K Actual: 244K

17:15 🇬🇧 ⚡️ BOE Governor Andrew Bailey Speaks


[Updated in real time]

Bitcoin Wave Analysis – 22 April 2025

- Bitcoin broke round resistance level 90000.00

- Likely to rise to resistance level 95000.00

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

The Rapid Assault on Crypto

The cryptocurrency market capitalisation surged by 6.4% in the past 24 hours, reaching $2.95 trillion — its highest level in seven weeks and a confident return to a key round figure. Global financial markets underpinned this rally. However, it’s worth noting that the market was already gaining ground on Monday, in defiance of declining stock indices.

Sentiment in the cryptocurrency space has swiftly shifted towards greed and is now steps away from extreme greed, with the relevant index climbing to 72, the highest since late January.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

Europe’s Growth Stalls Again as the Euro Enters Correction Mode

The Flash PMI estimates for the Eurozone show the complexity of the situation. Due to falling orders and falling business confidence, the composite index for the Eurozone was at 50.1 in April, struggling to cling to growth (above 50), down from 50.9 in March.

The Manufacturing PMI at 48.7 remains in contractionary territory, although its reading is the highest since January 2023 and notably above the expected 47.4. However, this upward move is threatened by the intensification of tariff wars since the start of April, which could cause a shock to the indices in the coming months.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

USDJPY Wave Analysis – 23 April 2025

- USDJPY reversed from the support area

- Likely to rise to the resistance level 144.65

——————
FxPro. Trade Like a Pro. | Subscribe | Boost