EUR/USD

4 hour

EURUSD

The EUR/USD bounced at the 50% Fibonacci retracement, which could be part of wave X (blue). A bullish continuation could see price expand towards Waves Y.

1 hour

EURUSD

A break below the dark green line could indicate a continuation of Wave X (blue). If price stays above it then a wave 1 and 2 could be unfolding (orange) within a larger ABC (green).


GBP/USD

4 hour

GBPUSD

The GBP/USD is in a contracting triangle chart pattern. A break below the support trend lines is needed before price can expect to start wave 5. A break above the brown horizontal line invalidates wave 4 (blue).

1 hour

GBPUSD

The GBP/USD could be starting a new bearish impulse (pink) with a wave 1-2 if it manages to stay below the previous top and eventually break below support. The triangle pattern is visible when reviewing the blue and red trend line.


USD/JPY

4 hour

USDJPY

The USD/JPY remains in a larger sideways correction (orange/green). A break above orange however still indicates that price has long-term resistance above it. A break below green could see price fall as part of a wave B correction.

1 hour

USDJPY

The USD/JPY completed a bearish ABC zigzag and broke above resistance (dotted red). Price could find resistance at the top of the triangle.

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EUR/USD remains depressed below 1.0800, as traders lack directional impetus amid minimal volatility and thin liquidity on Good Friday. The pair keenly awaits the US PCE inflation data and Fed Chair Powell's speech for fresh hints on next week's price action. 

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GBP/USD holds steady above 1.2600 as markets stay calm on Good Friday

GBP/USD holds steady above 1.2600 as markets stay calm on Good Friday

GBP/USD trades sideways above 1.2600 amid a typical Good Friday trading lull. A broadly firmer US Dollar could keep any upside attempts limited in the pair ahead of the US PCE inflation data and Fed Chair Powell's appearance. 

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Gold ends Q1 2024 at record highs, what’s next?

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Gold is sitting at an all-time high of $2,236, lacking a trading impetus amid holiday-thinned conditions on Good Friday. Most major world markets, including the United States are closed in observance of Holy Friday, leaving volatility around Gold price highly subdued.

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Ripple's move above this key level could trigger nearly 50% rally for XRP

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Ripple price has overcome a critical resistance level and flipped into a support floor on the weekly time frame. This development happened while XRP tightly consolidated for roughly 250 days.

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The core Personal Consumption Expenditures Price Index is set to rise 0.3% MoM and 2.8% YoY in February. The revised Summary of Projections showed that policymakers upwardly revised end-2024 core PCE forecast to 2.6% from 2.4%.

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