*FOREX MARKET UPDATE (23/4/2025)*
*9:15AM (EUROPEAN TIME)- French Flash Manufacturing PMI (EUR)*
* It measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
*9:15AM (EUROPEAN TIME)- French Flash Services PMI (EUR)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the services industry.
*9:30AM (EUROPEAN TIME)- German Flash Manufacturing PMI (EUR)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
*9:30AM (EEUROPEAN TIME)- German Flash Services PMI (EUR)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the services industry.
*10:30AM (EUROPEAN TIME)- Flash Manufacturing PMI (GBP)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the manufacturing. industry.
*10:30AM (EUROPEAN TIME)- Flash Services PMI (GBP)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the services industry.
*3:45PM (EUROPEAN TIME)- Flash Manufacturing PMI (USD)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
*3:45PM (EUROPEAN TIME)- Flash Services PMI (USD)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the services industry.
*7:15PM (EUROPEAN TIME) -BOE Gov Bailey Speaks (GBP)*
* As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person.
*IMPACT- THE ABOVE NEWS HAS MAJOR IMPACT ON USD, EUR, GBP AND ITS CURRENCY PAIRS*
*MEDIUM IMPACT NEWS*
*10:00AM (EUROPEAN TIME)- Flash Manufacturing PMI (EUR)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
*10:00AM (EUROPEAN TIME)- Flash Services PMI (EUR)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the services industry.
*3:35PM (EUROPEAN TIME)- FOMC Member Waller Speaks (USD)*
* Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
*4:00PM (EUROPEAN TIME)- New Home Sales (USD)*
* It measures the Annualized number of new single-family homes that were sold during the previous month.
*IMPACT- THE ABOVE NEWS HAS MEDIUM IMPACT ON EUR, USD AND ITS CURRENCY PAIRS AS WELL AS GOLD, OIL AND INDICES.*
*OTHER MARKET UPDATES*
* Oil prices extend gains on fresh Iran sanctions, big drop in US crude inventories.
* Gold falls as Trump backs down from threat to fire Fed chief.
* South Korea to seek speedy solution on auto tariffs in US trade talks.
* Woodside weighs Trump tariff impact on $1.2 billion Louisiana LNG project.
*SOURCES- FOREX FACTORY, REUTERS, INVESTING.COM, BLOOMBERG.COM*
*9:15AM (EUROPEAN TIME)- French Flash Manufacturing PMI (EUR)*
* It measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
*9:15AM (EUROPEAN TIME)- French Flash Services PMI (EUR)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the services industry.
*9:30AM (EUROPEAN TIME)- German Flash Manufacturing PMI (EUR)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
*9:30AM (EEUROPEAN TIME)- German Flash Services PMI (EUR)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the services industry.
*10:30AM (EUROPEAN TIME)- Flash Manufacturing PMI (GBP)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the manufacturing. industry.
*10:30AM (EUROPEAN TIME)- Flash Services PMI (GBP)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the services industry.
*3:45PM (EUROPEAN TIME)- Flash Manufacturing PMI (USD)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
*3:45PM (EUROPEAN TIME)- Flash Services PMI (USD)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the services industry.
*7:15PM (EUROPEAN TIME) -BOE Gov Bailey Speaks (GBP)*
* As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person.
*IMPACT- THE ABOVE NEWS HAS MAJOR IMPACT ON USD, EUR, GBP AND ITS CURRENCY PAIRS*
*MEDIUM IMPACT NEWS*
*10:00AM (EUROPEAN TIME)- Flash Manufacturing PMI (EUR)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
*10:00AM (EUROPEAN TIME)- Flash Services PMI (EUR)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the services industry.
*3:35PM (EUROPEAN TIME)- FOMC Member Waller Speaks (USD)*
* Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
*4:00PM (EUROPEAN TIME)- New Home Sales (USD)*
* It measures the Annualized number of new single-family homes that were sold during the previous month.
*IMPACT- THE ABOVE NEWS HAS MEDIUM IMPACT ON EUR, USD AND ITS CURRENCY PAIRS AS WELL AS GOLD, OIL AND INDICES.*
*OTHER MARKET UPDATES*
* Oil prices extend gains on fresh Iran sanctions, big drop in US crude inventories.
* Gold falls as Trump backs down from threat to fire Fed chief.
* South Korea to seek speedy solution on auto tariffs in US trade talks.
* Woodside weighs Trump tariff impact on $1.2 billion Louisiana LNG project.
*SOURCES- FOREX FACTORY, REUTERS, INVESTING.COM, BLOOMBERG.COM*
*FOREX MARKET UPDATE (24/04/2025)*
*MAJOR IMPACT NEWS*
*2:30PM (EUROPEAN TIME)- Unemployment Claims (USD)*
-It measures The number of individuals who filed for unemployment insurance for the first time during the past week.
*IMPACT – THE ABOVE NEWS HAS MAJOR IMPACT ON USD & ITS CURRENCY PAIRS AS WELL AS GOLD ,OIL AND INDICES.*
*MEDIUM IMPACT NEWS*
*2:30PM (EUROPEAN TIME)-Core Durable Goods Orders m/m (USD)*
-It measures Change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items.
*2:30PM (EUROPEAN TIME)- Durable Goods Orders m/m (USD)*
-It measures Change in the total value of new purchase orders placed with manufacturers for durable goods.
*4:00PM (EUROPEAN TIME)-Existing Home Sales (USD)*
-It measures Annualized number of residential buildings that were sold during the previous month, excluding new construction.
*10:00AM (EUROPEAN TIME)-German ifo Business Climate (EUR)*
-It measures Level of a composite index based on surveyed manufacturers, builders, wholesalers, services, and retailers.
*IMPACT – THE ABOVE NEWS HAS MEDIUM IMPACT ON USD, EUR & ITS CURRENCY PAIRS AS WELL AS GOLD,OIL AND INDICES.*
*OTHER MARKET UPDATES-*
-Gold falls 3% as Trump comments on Fed and China boost risk sentiment.
-Gold rebounds on dip buying despite US-China trade deal hopes
-Trump’s Currency Manipulation Blast May Result in Stronger Won.
-FX Traders Seen Clinging to Bearish Dollar Bets Despite Rebound
-Citi lifts 0-3 month gold price target to $3,500 on China buying, safe-haven demand
-BOJ Watchers Expect Delay in Rate Hikes With Lower Terminal Rate
SOURCE – FOREX FACTORY, REUTERS, INVESTING.COM, BLOOMBERG.COM
*MAJOR IMPACT NEWS*
*2:30PM (EUROPEAN TIME)- Unemployment Claims (USD)*
-It measures The number of individuals who filed for unemployment insurance for the first time during the past week.
*IMPACT – THE ABOVE NEWS HAS MAJOR IMPACT ON USD & ITS CURRENCY PAIRS AS WELL AS GOLD ,OIL AND INDICES.*
*MEDIUM IMPACT NEWS*
*2:30PM (EUROPEAN TIME)-Core Durable Goods Orders m/m (USD)*
-It measures Change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items.
*2:30PM (EUROPEAN TIME)- Durable Goods Orders m/m (USD)*
-It measures Change in the total value of new purchase orders placed with manufacturers for durable goods.
*4:00PM (EUROPEAN TIME)-Existing Home Sales (USD)*
-It measures Annualized number of residential buildings that were sold during the previous month, excluding new construction.
*10:00AM (EUROPEAN TIME)-German ifo Business Climate (EUR)*
-It measures Level of a composite index based on surveyed manufacturers, builders, wholesalers, services, and retailers.
*IMPACT – THE ABOVE NEWS HAS MEDIUM IMPACT ON USD, EUR & ITS CURRENCY PAIRS AS WELL AS GOLD,OIL AND INDICES.*
*OTHER MARKET UPDATES-*
-Gold falls 3% as Trump comments on Fed and China boost risk sentiment.
-Gold rebounds on dip buying despite US-China trade deal hopes
-Trump’s Currency Manipulation Blast May Result in Stronger Won.
-FX Traders Seen Clinging to Bearish Dollar Bets Despite Rebound
-Citi lifts 0-3 month gold price target to $3,500 on China buying, safe-haven demand
-BOJ Watchers Expect Delay in Rate Hikes With Lower Terminal Rate
SOURCE – FOREX FACTORY, REUTERS, INVESTING.COM, BLOOMBERG.COM
*🔸 Bitcoin Price Attempts to Gain Positive Momentum*
*🕒 Intraday Analysis – 24/04/2025*
*📉 Recent Price Action:*
Bitcoin showed a slight decline recently due to a correction phase after a strong bullish wave.
This dip appears to be a pullback, aiming to reset the overbought RSI conditions.
*📈 Technical Outlook:*
The main trend remains bullish in the short term.
Price is still moving above a positive trend line, signaling strength.
RSI shows signs of having moved out of extreme overbought, now shifting toward oversold, indicating room for a bounce.
💡 Forecast & Expectation:
✅ Bullish outlook remains valid as long as price holds above $92,500.
📍 Targeting $97,400 as next resistance level.
*📊 Expected Trading Range Today:*
Support: $91,250
Resistance: $96,000
*📢 Today’s Forecast: 🟢 Bullish*
*🕒 Intraday Analysis – 24/04/2025*
*📉 Recent Price Action:*
Bitcoin showed a slight decline recently due to a correction phase after a strong bullish wave.
This dip appears to be a pullback, aiming to reset the overbought RSI conditions.
*📈 Technical Outlook:*
The main trend remains bullish in the short term.
Price is still moving above a positive trend line, signaling strength.
RSI shows signs of having moved out of extreme overbought, now shifting toward oversold, indicating room for a bounce.
💡 Forecast & Expectation:
✅ Bullish outlook remains valid as long as price holds above $92,500.
📍 Targeting $97,400 as next resistance level.
*📊 Expected Trading Range Today:*
Support: $91,250
Resistance: $96,000
*📢 Today’s Forecast: 🟢 Bullish*
*Gold (XAU/USD) Technical Analysis – April 24, 2025*
Gold prices posted a strong rebound during the latest intraday session, finding solid footing above the $3,290 key support level. This level held firm, aided by the 50-period Exponential Moving Average (EMA50), creating a powerful confluence of support that fueled the bullish bounce.
The recent upward move is further validated by the emergence of a positive divergence on the Relative Strength Index (RSI), signaling that downside momentum was weakening even as price hit new lows. This divergence suggests that bullish momentum is building and the metal is preparing to resume its dominant short-term uptrend.
*As long as the $3,290 support remains intact, gold is likely to continue climbing, with the next target situated around the $3,400 level, followed by the historical resistance near $3,500.*
*🔍 Key Technical Levels*
*Support* : $3,290 (critical level)
*Resistance* : $3,400, followed by $3,500
RSI: Recovering from oversold, showing bullish divergence
EMA50: Supporting the uptrend continuation
*📈 Outlook: Bullish (Intraday)*
Condition: Sustained stability above $3,290
*Target: Initial resistance at $3,400, extended towards $3,500*
Gold prices posted a strong rebound during the latest intraday session, finding solid footing above the $3,290 key support level. This level held firm, aided by the 50-period Exponential Moving Average (EMA50), creating a powerful confluence of support that fueled the bullish bounce.
The recent upward move is further validated by the emergence of a positive divergence on the Relative Strength Index (RSI), signaling that downside momentum was weakening even as price hit new lows. This divergence suggests that bullish momentum is building and the metal is preparing to resume its dominant short-term uptrend.
*As long as the $3,290 support remains intact, gold is likely to continue climbing, with the next target situated around the $3,400 level, followed by the historical resistance near $3,500.*
*🔍 Key Technical Levels*
*Support* : $3,290 (critical level)
*Resistance* : $3,400, followed by $3,500
RSI: Recovering from oversold, showing bullish divergence
EMA50: Supporting the uptrend continuation
*📈 Outlook: Bullish (Intraday)*
Condition: Sustained stability above $3,290
*Target: Initial resistance at $3,400, extended towards $3,500*
*EUR/USD Technical Analysis – April 25, 2025*
The EUR/USD pair faced renewed bearish pressure during its recent intraday movements, driven by its inability to break above the key 1.1430 resistance level. The pair remains under the influence of the downward trend, particularly as it continues to trade below the 50-period Exponential Moving Average (EMA50) on the short-term chart, reinforcing the prevailing negative momentum.
Adding to the bearish outlook, the pair has confirmed the completion of a rising wedge pattern, a typically bearish technical formation that signals a potential reversal or continuation of the downtrend. The pattern breakdown is further supported by the emergence of bearish divergence on the Relative Strength Index (RSI). The RSI had previously entered overbought territory, but failed to follow price action, indicating weakening bullish momentum and the likelihood of a downward correction.
As long as the EUR/USD remains capped below the 1.1430 resistance, the path of least resistance remains to the downside. This sets the stage for a potential move towards the 1.1290 support level, which represents the projected target for the wedge breakdown and a critical technical zone to monitor.
*Key Technical Levels*
*Resistance* : 1.1430
*Support* : 1.1290
EMA50 Bias: Bearish
RSI (14): Bearish divergence, exiting overbought levels
*Forecast: Bearish*
We expect EUR/USD to continue its bearish correction in the upcoming sessions. A sustained move below 1.1430 will likely open the door for a decline toward the 1.1290 support zone.
The EUR/USD pair faced renewed bearish pressure during its recent intraday movements, driven by its inability to break above the key 1.1430 resistance level. The pair remains under the influence of the downward trend, particularly as it continues to trade below the 50-period Exponential Moving Average (EMA50) on the short-term chart, reinforcing the prevailing negative momentum.
Adding to the bearish outlook, the pair has confirmed the completion of a rising wedge pattern, a typically bearish technical formation that signals a potential reversal or continuation of the downtrend. The pattern breakdown is further supported by the emergence of bearish divergence on the Relative Strength Index (RSI). The RSI had previously entered overbought territory, but failed to follow price action, indicating weakening bullish momentum and the likelihood of a downward correction.
As long as the EUR/USD remains capped below the 1.1430 resistance, the path of least resistance remains to the downside. This sets the stage for a potential move towards the 1.1290 support level, which represents the projected target for the wedge breakdown and a critical technical zone to monitor.
*Key Technical Levels*
*Resistance* : 1.1430
*Support* : 1.1290
EMA50 Bias: Bearish
RSI (14): Bearish divergence, exiting overbought levels
*Forecast: Bearish*
We expect EUR/USD to continue its bearish correction in the upcoming sessions. A sustained move below 1.1430 will likely open the door for a decline toward the 1.1290 support zone.
*Gold (XAU/USD) Technical Analysis – April 25, 2025*
Gold price continues its steady climb in the recent intraday trading sessions, fueled by the dominance of the short-term bullish trend. Price action remains aligned with a minor ascending support line, and gains are firmly backed by the metal’s stability above the 50-period Exponential Moving Average (EMA50).
The Relative Strength Index (RSI) is also flashing positive momentum, reinforcing the ongoing strength behind the upside move. These combined technical factors confirm the presence of sustained buying pressure and support the case for further gains.
As long as the price holds above the $3,290 support level, the outlook remains bullish. A successful breach above the key resistance at $3,400 would likely open the door for new highs in the near term.
*Key Technical Levels*
*Support* : $3,290
*Resistance* : $3,400
EMA50 Bias: Bullish
RSI (14): Positive momentum
*Forecast: Bullish*
Gold is expected to maintain its upward momentum, targeting $3,400 in the short term. A decisive break above this level could trigger an extended rally.
Gold price continues its steady climb in the recent intraday trading sessions, fueled by the dominance of the short-term bullish trend. Price action remains aligned with a minor ascending support line, and gains are firmly backed by the metal’s stability above the 50-period Exponential Moving Average (EMA50).
The Relative Strength Index (RSI) is also flashing positive momentum, reinforcing the ongoing strength behind the upside move. These combined technical factors confirm the presence of sustained buying pressure and support the case for further gains.
As long as the price holds above the $3,290 support level, the outlook remains bullish. A successful breach above the key resistance at $3,400 would likely open the door for new highs in the near term.
*Key Technical Levels*
*Support* : $3,290
*Resistance* : $3,400
EMA50 Bias: Bullish
RSI (14): Positive momentum
*Forecast: Bullish*
Gold is expected to maintain its upward momentum, targeting $3,400 in the short term. A decisive break above this level could trigger an extended rally.
*FOREX MARKET UPDATE (25/4/2025)*
*MAJOR IMPACT NEWS*
*8:00AM (EUROPEAN TIME)- Retail Sales m/m (GBP)*
* It measures the Change in the total value of inflation-adjusted sales at the retail level. It is also known as Sales Volume, All Retailers sales.
*10:00AM (EUROPEAN TIME)- Sales Volume, All Retailers sales(CHF)*
* As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person.
*2:30PM (EUROPEAN TIME)- Core Retail Sales m/m (CAD)*
* It measures the Change in the total value of sales at the retail level, excluding automobile.
*2:30PM (EUROPEAN TIME)- Retail Sales m/m (CAD)*
* It measures the Change in the total value of sales at the retail level.
*IMPACT- *THE ABOVE NEWS HAS MEDIUM IMPACT ON GBP, CHF,CAD AND ITS CURRENCY PAIRS*
*MEDIUM IMPACT NEWS*
*4:00PM (EUROPEAN TIME)- Revised UoM Consumer Sentiment(USD)*
* It measures the Level of a composite index based on surveyed consumers.
*IMPACT- *THE ABOVE NEWS HAS MEDIUM IMPACT ON USD ITS CURRENCY PAIRS AS WELL AS GOLD,OIL AND INDICES*
*OTHER MARKET UPDATES*
* Gold price steadies amid U.S.-China trade deal hopes.
* China weighs exempting some US goods from tariffs as costs rise.
* Oil prices set for weekly losses amid OPEC+ output hike plan, US-China tariff woes.
* Chinese Banks, HSBC and Standard Chartered Outlook to be Shadowed by US Tariffs.
*SOURCES- FOREX FACTORY, REUTERS, INVESTING.COM, BLOOMBERG.COM*
*MAJOR IMPACT NEWS*
*8:00AM (EUROPEAN TIME)- Retail Sales m/m (GBP)*
* It measures the Change in the total value of inflation-adjusted sales at the retail level. It is also known as Sales Volume, All Retailers sales.
*10:00AM (EUROPEAN TIME)- Sales Volume, All Retailers sales(CHF)*
* As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person.
*2:30PM (EUROPEAN TIME)- Core Retail Sales m/m (CAD)*
* It measures the Change in the total value of sales at the retail level, excluding automobile.
*2:30PM (EUROPEAN TIME)- Retail Sales m/m (CAD)*
* It measures the Change in the total value of sales at the retail level.
*IMPACT- *THE ABOVE NEWS HAS MEDIUM IMPACT ON GBP, CHF,CAD AND ITS CURRENCY PAIRS*
*MEDIUM IMPACT NEWS*
*4:00PM (EUROPEAN TIME)- Revised UoM Consumer Sentiment(USD)*
* It measures the Level of a composite index based on surveyed consumers.
*IMPACT- *THE ABOVE NEWS HAS MEDIUM IMPACT ON USD ITS CURRENCY PAIRS AS WELL AS GOLD,OIL AND INDICES*
*OTHER MARKET UPDATES*
* Gold price steadies amid U.S.-China trade deal hopes.
* China weighs exempting some US goods from tariffs as costs rise.
* Oil prices set for weekly losses amid OPEC+ output hike plan, US-China tariff woes.
* Chinese Banks, HSBC and Standard Chartered Outlook to be Shadowed by US Tariffs.
*SOURCES- FOREX FACTORY, REUTERS, INVESTING.COM, BLOOMBERG.COM*
*FOREX MARKET UPDATE (28/04/2025)*
*MAJOR IMPACT NEWS*
*ALL DAY (EUROPEAN TIME)- Federal Election (CAD)*
-Voters will elect 343 members to the Parliament of Canada, from which a government will be formed
*IMPACT – THE ABOVE NEWS HAS MAJOR IMPACT ON CAD & ITS CURRENCY PAIRS.*
*LOW IMPACT NEWS*
*9:00AM (EUROPEAN TIME)-Spanish Unemployment Rate (EUR)*
-It measures Percentage of total work force that is unemployed and actively seeking employment during the previous quarter.
*12:00PM (EUROPEAN TIME)- CBI Realized Sales (GBP)*
-It measures Level of a diffusion index based on surveyed retailers and wholesaler.
*IMPACT – THE ABOVE NEWS HAS LOW IMPACT ON EUR,GBP & ITS CURRENCY PAIRS.*
*OTHER MARKET UPDATES-*
-China's first-quarter gold consumption falls 6% to 290.492 metric tons.
-Trump’s China Tariffs Set to Unleash Supply Shock on US Economy
-Dollar sellers pause with eye on US jobs.
-S-Oil sees Q2 refining margins impacted by developments in US tariff talks
-Unhedged and Burned, Stock Investors Brace for More Dollar Pain
-Japan denies report citing Bessent's push for strong yen
*SOURCE – FOREX FACTORY, REUTERS, INVESTING.COM, BLOOMBERG.COM*
*MAJOR IMPACT NEWS*
*ALL DAY (EUROPEAN TIME)- Federal Election (CAD)*
-Voters will elect 343 members to the Parliament of Canada, from which a government will be formed
*IMPACT – THE ABOVE NEWS HAS MAJOR IMPACT ON CAD & ITS CURRENCY PAIRS.*
*LOW IMPACT NEWS*
*9:00AM (EUROPEAN TIME)-Spanish Unemployment Rate (EUR)*
-It measures Percentage of total work force that is unemployed and actively seeking employment during the previous quarter.
*12:00PM (EUROPEAN TIME)- CBI Realized Sales (GBP)*
-It measures Level of a diffusion index based on surveyed retailers and wholesaler.
*IMPACT – THE ABOVE NEWS HAS LOW IMPACT ON EUR,GBP & ITS CURRENCY PAIRS.*
*OTHER MARKET UPDATES-*
-China's first-quarter gold consumption falls 6% to 290.492 metric tons.
-Trump’s China Tariffs Set to Unleash Supply Shock on US Economy
-Dollar sellers pause with eye on US jobs.
-S-Oil sees Q2 refining margins impacted by developments in US tariff talks
-Unhedged and Burned, Stock Investors Brace for More Dollar Pain
-Japan denies report citing Bessent's push for strong yen
*SOURCE – FOREX FACTORY, REUTERS, INVESTING.COM, BLOOMBERG.COM*
*EURUSD Technical Analysis — 28th April 2025*
*📈 Market Overview:*
EURUSD showed a slight decline during intraday trading on 28th April.
Price action continues to face negative pressure from remaining below the EMA50 on the short-term chart.
Despite the selling pressure, 1.1310 support is holding so far, creating a tight sideways range.
The RSI indicator shows some positive divergence, suggesting limited downside momentum for now.
*🔹 Key Technical Factors:*
The dominant short-term trend is bearish correction.
Price is moving along a minor bullish bias line but still below main moving averages.
The distance between the price and EMA50 allows more room for bearish continuation.
Resistance Level: 1.1420
Support Level: 1.1310 (critical); break below this may push EURUSD towards 1.1265.
*📉 Expected Price Action:*
As long as EURUSD stays below 1.1420 resistance, the outlook remains bearish.
Immediate target: 1.1265 support.
*🎯 Trading Range for 28th April:*
Support: 1.1265
Resistance: 1.1420
*📋 Forecast Summary:*
Today's EURUSD bias is *Bearish* .
Expect pressure toward 1.1265, unless the pair reclaims above 1.1420, which would weaken the downside scenario.
*📈 Market Overview:*
EURUSD showed a slight decline during intraday trading on 28th April.
Price action continues to face negative pressure from remaining below the EMA50 on the short-term chart.
Despite the selling pressure, 1.1310 support is holding so far, creating a tight sideways range.
The RSI indicator shows some positive divergence, suggesting limited downside momentum for now.
*🔹 Key Technical Factors:*
The dominant short-term trend is bearish correction.
Price is moving along a minor bullish bias line but still below main moving averages.
The distance between the price and EMA50 allows more room for bearish continuation.
Resistance Level: 1.1420
Support Level: 1.1310 (critical); break below this may push EURUSD towards 1.1265.
*📉 Expected Price Action:*
As long as EURUSD stays below 1.1420 resistance, the outlook remains bearish.
Immediate target: 1.1265 support.
*🎯 Trading Range for 28th April:*
Support: 1.1265
Resistance: 1.1420
*📋 Forecast Summary:*
Today's EURUSD bias is *Bearish* .
Expect pressure toward 1.1265, unless the pair reclaims above 1.1420, which would weaken the downside scenario.
*FOREX MARKET UPDATE (01/5/2025)*
*MAJOR IMPACT NEWS*
*TENTATIVE- BOJ Press Conference(JPY)*
* It's among the primary methods the BOJ uses to communicate with investors regarding monetary policy.
*2:30PM (EUROPEAN TIME)*- *Unemployment Claims(USD)*
* It measures the number of individuals who filed for unemployment insurance for the first time during the past week.
*4:00PM (EUROPEAN TIME)*- *ISM Manufacturing PMI(USD)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
*IMPACT- THE ABOVE NEWS HAS MAJOR IMPACT ON USD, JPY AND * ITS CURRENCY PAIRS AS WELL AS GOLD, OIL AND INDICES.*
*MEDIUM IMPACT NEWS*
*3:45PM (EUROPEAN TIME)- Final Manufacturing PMI(USD)*
*4:00PM (EUROPEAN TIME)- ISM Manufacturing Prices(USD)*
*IMPACT- THE ABOVE NEWS HAS MEDIUM IMPACT ON USD AND ITS CURRENCY PAIRS AS WELL AS GOLD, OIL, INDICES*
*OTHER MARKET UPDATES*
* Oil prices take breather after prospect of increased supply triggered selloff.
* US and Ukraine Sign Resources Deal After Fraught Negotiations.
* Gold retreats as trade tensions ease; US payrolls data on tap.
* S&P cuts Woodside's credit outlook to 'negative' after LNG investment decision.
*SOURCES- *FOREX FACTORY, REUTERS, INVESTING.COM, BLOOMBERG.COM*
*MAJOR IMPACT NEWS*
*TENTATIVE- BOJ Press Conference(JPY)*
* It's among the primary methods the BOJ uses to communicate with investors regarding monetary policy.
*2:30PM (EUROPEAN TIME)*- *Unemployment Claims(USD)*
* It measures the number of individuals who filed for unemployment insurance for the first time during the past week.
*4:00PM (EUROPEAN TIME)*- *ISM Manufacturing PMI(USD)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
*IMPACT- THE ABOVE NEWS HAS MAJOR IMPACT ON USD, JPY AND * ITS CURRENCY PAIRS AS WELL AS GOLD, OIL AND INDICES.*
*MEDIUM IMPACT NEWS*
*3:45PM (EUROPEAN TIME)- Final Manufacturing PMI(USD)*
*4:00PM (EUROPEAN TIME)- ISM Manufacturing Prices(USD)*
*IMPACT- THE ABOVE NEWS HAS MEDIUM IMPACT ON USD AND ITS CURRENCY PAIRS AS WELL AS GOLD, OIL, INDICES*
*OTHER MARKET UPDATES*
* Oil prices take breather after prospect of increased supply triggered selloff.
* US and Ukraine Sign Resources Deal After Fraught Negotiations.
* Gold retreats as trade tensions ease; US payrolls data on tap.
* S&P cuts Woodside's credit outlook to 'negative' after LNG investment decision.
*SOURCES- *FOREX FACTORY, REUTERS, INVESTING.COM, BLOOMBERG.COM*
*🟠 Bitcoin (BTC/USD) – Intraday Technical Analysis*
🗓️ *Date* : May 5, 2025
📊 *Forecast: Bearish* Bias
*🔍 Market Overview:*
Bitcoin experienced a sharp decline, breaking its main bullish trendline on the short-term chart — a strong signal of potential trend reversal and bearish dominance. This movement also comes with a break below the 50-EMA, compounding technical weakness.
*⚙️ Technical Highlights:*
📉 Trendline Break: The break below the ascending support suggests weakening bullish structure and shift to bearish control.
📉 EMA50: Price dropped below the 50-period EMA — a classic bearish signal.
📉 RSI Indicator: RSI remains in oversold territory, but with no bullish divergence yet, implying selling pressure remains intact.
📍 *Key Resistance:* $95,600 – now acting as a ceiling
*📉 Breakdown Trigger Level: $95,600 break confirms bearish continuation*
🗓️ *Date* : May 5, 2025
📊 *Forecast: Bearish* Bias
*🔍 Market Overview:*
Bitcoin experienced a sharp decline, breaking its main bullish trendline on the short-term chart — a strong signal of potential trend reversal and bearish dominance. This movement also comes with a break below the 50-EMA, compounding technical weakness.
*⚙️ Technical Highlights:*
📉 Trendline Break: The break below the ascending support suggests weakening bullish structure and shift to bearish control.
📉 EMA50: Price dropped below the 50-period EMA — a classic bearish signal.
📉 RSI Indicator: RSI remains in oversold territory, but with no bullish divergence yet, implying selling pressure remains intact.
📍 *Key Resistance:* $95,600 – now acting as a ceiling
*📉 Breakdown Trigger Level: $95,600 break confirms bearish continuation*
*FOREX MARKET UPDATE (07/5/2025)*
*MAJOR IMPACT NEWS*
**8:00PM (EUROPEAN TIME)- Federal Funds Rate (USD)*
* It measures the Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight.
*8:00PM (EUROPEAN TIME)- FOMC Statement (USD)*
* It's the primary tool the FOMC uses to communicate with investors about monetary policy. It is also known as Interest Rate Statement, Fed Statement, Monetary Policy Statement.
*8:30PM (EUROPEAN TIME)- FOMC Press Conference USD)*
* It's among the primary methods the Fed uses to communicate with investors regarding monetary policy. It is also known as Chair's Press Briefing.
*IMPACT- THE ABOVE NEWS HAS MAJOR IMPACT ON USD AND ITS CURRENCY PAIRS AS WELL AS GOLD, OIL AND INDICES.*
*MEDIUM IMPACT NEWS*
*10:30AM (EUROPEAN TIME) -Construction PMI (GBP)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the construction industry.
*IMPACT- THE ABOVE NEWS HAD MEDIUM IMPACT ON GBP AND ITS CURRENCY PAIRS*
*OTHER MARKET UPDATES*
* Oil up on signs of more Europe and China demand, less US output.
* Dollar falls, euro gains after Merz elected German chancellor.
* Gold slips on US-China trade talk hopes traders eye Fed policy.
* Analysis-Global rice prices have hit a floor, but India’s supply glut will smother any gains.
*SOURCES- *FOREX FACTORY, REUTERS, INVESTING.COM, BLOOMBERG.COM*
*MAJOR IMPACT NEWS*
**8:00PM (EUROPEAN TIME)- Federal Funds Rate (USD)*
* It measures the Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight.
*8:00PM (EUROPEAN TIME)- FOMC Statement (USD)*
* It's the primary tool the FOMC uses to communicate with investors about monetary policy. It is also known as Interest Rate Statement, Fed Statement, Monetary Policy Statement.
*8:30PM (EUROPEAN TIME)- FOMC Press Conference USD)*
* It's among the primary methods the Fed uses to communicate with investors regarding monetary policy. It is also known as Chair's Press Briefing.
*IMPACT- THE ABOVE NEWS HAS MAJOR IMPACT ON USD AND ITS CURRENCY PAIRS AS WELL AS GOLD, OIL AND INDICES.*
*MEDIUM IMPACT NEWS*
*10:30AM (EUROPEAN TIME) -Construction PMI (GBP)*
* It measures the Level of a diffusion index based on surveyed purchasing managers in the construction industry.
*IMPACT- THE ABOVE NEWS HAD MEDIUM IMPACT ON GBP AND ITS CURRENCY PAIRS*
*OTHER MARKET UPDATES*
* Oil up on signs of more Europe and China demand, less US output.
* Dollar falls, euro gains after Merz elected German chancellor.
* Gold slips on US-China trade talk hopes traders eye Fed policy.
* Analysis-Global rice prices have hit a floor, but India’s supply glut will smother any gains.
*SOURCES- *FOREX FACTORY, REUTERS, INVESTING.COM, BLOOMBERG.COM*
*FOREX MARKET UPDATE (12/05/2025)*
*MEDIUM IMPACT NEWS*
*TENTATIVE - New Loans (CPY)*
* It measures the Value of new yuan-denominated loans issued to consumers and businesses during the previous month.
*IMPACT- THE ABOVE NEWS HAS MEDIUM IMPACT ON CPY AND ITS CURRENCY PAIRS.*
*LOWER IMPACT NEWS*
*7:00AM (EUROPEAN TIME)- Economy Watchers Sentiment (JPY)*
*10:00AM (EUROPEAN TIME)- MPC Member Lombardelli Speaks (GBP)*
*TENTATIVE- New Loans (CNY)*
*TENTATIVE- M2 Money Supply y/y (CNY)*
*ALL DAY - Eurogroup Meetings (EUR)*
*12:30PM (EUROPEAN TIME)- MPC Member Greene Speaks (GBP)*
*2:50PM (EUROPEAN TIME)- MPC Member Mann Speaks (GBP)*
*IMPACT- THE ABOVE NEWS HAS LOWER IMPACT ON JPY, GBP,CNY AND ITS CURRENCY PAIRS*
*OTHER MARKET UPDATES*
* Gold prices slide over 1% on US-China trade deal, easing Indo-Pak tensions.
* Global Shift to Bypass the Dollar Is Gaining Momentum in Asia.
* Oil prices edge up after US-China trade talks; deal details awaited.
* Dollar Faces $2.5 Trillion ‘Avalanche’ of Asian Sales, Jen Says.
*SOURCES- *FOREX FACTORY, REUTERS, INVESTING.COM, BLOOMBERG.COM*
*MEDIUM IMPACT NEWS*
*TENTATIVE - New Loans (CPY)*
* It measures the Value of new yuan-denominated loans issued to consumers and businesses during the previous month.
*IMPACT- THE ABOVE NEWS HAS MEDIUM IMPACT ON CPY AND ITS CURRENCY PAIRS.*
*LOWER IMPACT NEWS*
*7:00AM (EUROPEAN TIME)- Economy Watchers Sentiment (JPY)*
*10:00AM (EUROPEAN TIME)- MPC Member Lombardelli Speaks (GBP)*
*TENTATIVE- New Loans (CNY)*
*TENTATIVE- M2 Money Supply y/y (CNY)*
*ALL DAY - Eurogroup Meetings (EUR)*
*12:30PM (EUROPEAN TIME)- MPC Member Greene Speaks (GBP)*
*2:50PM (EUROPEAN TIME)- MPC Member Mann Speaks (GBP)*
*IMPACT- THE ABOVE NEWS HAS LOWER IMPACT ON JPY, GBP,CNY AND ITS CURRENCY PAIRS*
*OTHER MARKET UPDATES*
* Gold prices slide over 1% on US-China trade deal, easing Indo-Pak tensions.
* Global Shift to Bypass the Dollar Is Gaining Momentum in Asia.
* Oil prices edge up after US-China trade talks; deal details awaited.
* Dollar Faces $2.5 Trillion ‘Avalanche’ of Asian Sales, Jen Says.
*SOURCES- *FOREX FACTORY, REUTERS, INVESTING.COM, BLOOMBERG.COM*