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Bitcoin is trading around 61,266 under strong bearish pressure. During the European session, it tried to break the top of the bearish trend channel forming since March 30 around 64,700.
GBP/USD. April 30th. Bulls continue to attack, but American reports could help the bears
On the hourly chart, the GBP/USD pair on Monday experienced growth to the corrective level of 38.2%-1.2565, followed by a rebound. Thus, a reversal in favor of the American currency.
EUR/USD: trading tips for beginners for European session on April 30
The price test of 1.0713 in the afternoon occurred at a time when the MACD indicator was just starting to move down from the zero mark, which confirmed the entry.
Technical Analysis of Intraday Price Movement of Gold Commodity Asset, Tuesday April 30, 2024.
With the appearance of deviation between price movement with Stochastic Oscillator indicator as well as the appearance of bearish Flag pattern as well as supporting by EMA 20 which intersects.
Technical Analysis of Intraday Price Movement of AUD/CAD Cross Currency Pairs, Tuesday April 30, 2024.
If we pay attention to the 4 hour chart of AUD/CAD cross currency pairs, there is the appearance of deviation between price movement with Stochastic Oscillator indicator which also happens.
Key events on April 30: fundamental analysis for beginners
There are more macroeconomic events on Tuesday, and they are quite significant. It all starts in Germany, where reports on GDP, retail sales, and unemployment will be published. Like before.
Forecast for EUR/USD on April 30, 2024
EUR/USD Yesterday, the euro edged up, with resistance at 1.0724 holding firm, and the price consolidated below this mark on the daily timeframe. The price is falling in today's Asian.
Trading Signals for GOLD (XAU/USD) for April 30, 2024: buy above $2,325 (21 SMA - 200 EMA)
In case gold continues to rise, we should expect consolidation above 2,340 on the H1 chart. Above this area, bullish strength could prevail and we could look for opportunities.
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This section is updated daily and contains market analysis prepared by professional analysts on behalf of InstaForex. Each of the specialists presents analytical reviews in accordance with his/her vision of the current situation on the foreign exchange and other markets. However, the outlooks below are neither recommendations nor instructions to any actions. They contain analysis of the current situation on financial markets. In some cases, analysts' opinions about current market conditions may differ.