EURUSD

Price is reaching the bottom of two down trend channels (blue and purple) plus a weekly support line (green), which could be difficult for price to break through.

4 hour EURUSD:

EURUSD

Price seems to be building on a falling wedge chart pattern (blue lines).

60 min EURUSD:

EURUSD


GBPUSD

Price could have completed a wave 4 (magenta) correction up to 1.65, which means another bearish momentum could be starting soon.

4 hour GBPUSD:

GBPUSD

A breakout (red arrows) below the support trend line (green) could potentially indicate the start of the bearish momentum.

60 min GBPUSD:

GBPUSD


USDJPY

The USDJPY is approaching the 110 resistance level (psychological round number).

4 hour USDJPY:

USDJPY

The strong trend has caused the wave 5 (blue) to be extended.

60 min USDJPY:

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Editors’ Picks

AUD/USD failed just ahead of the 200-day SMA

AUD/USD failed just ahead of the 200-day SMA

Finally, AUD/USD managed to break above the 0.6500 barrier on Wednesday, extending the weekly recovery, although its advance faltered just ahead of the 0.6530 region, where the key 200-day SMA sits.

AUD/USD News

EUR/USD met some decent resistance above 1.0700

EUR/USD met some decent resistance above 1.0700

EUR/USD remained unable to gather extra upside traction and surpass the 1.0700 hurdle in a convincing fashion on Wednesday, instead giving away part of the weekly gains against the backdrop of a decent bounce in the Dollar.

EUR/USD News

Gold stays firm amid higher US yields as traders await US GDP data

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Ethereum suffers slight pullback, Hong Kong spot ETH ETFs to begin trading on April 30

Ethereum suffers slight pullback, Hong Kong spot ETH ETFs to begin trading on April 30

Ethereum suffered a brief decline on Wednesday afternoon despite increased accumulation from whales. This follows Ethereum restaking protocol Renzo restaked ETH crashing from its 1:1 peg with ETH and increased activities surrounding spot Ethereum ETFs.

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Dow Jones Industrial Average hesitates on Wednesday as markets wait for key US data

Dow Jones Industrial Average hesitates on Wednesday as markets wait for key US data

The DJIA stumbled on Wednesday, falling from recent highs near 38,550.00 as investors ease off of Tuesday’s risk appetite. The index recovered as US data continues to vex financial markets that remain overwhelmingly focused on rate cuts from the US Fed.

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