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Analytics today
No significant changes over the past 24 hours. Consolidation continues, so uncertainty persists. The daily short-term trend has moved closer to the price chart. Today, it can be found.
Forecast for USD/JPY on April 23, 2024
USD/JPY Economic reports from Japan should have supported the yen, but speculative investor sentiment towards carry trades and the dollar's local strength continue to pull the Japanese currency.
Less reason to expect the dollar to weaken
The net long USD position increased by $7.8 billion to $25.5 billion over the reporting week, hitting a 5-year high. Speculative positioning remains firmly bearish, with no signs of slowing.
EUR/USD: Simple trading tips for novice traders on April 22nd (US session)
Analysis of Deals and Trading Advice on the European Currency The test of the price at 1.0660 in the first half of the day occurred when the MACD indicator started.
GBP/USD: trading plan for the US session on April 22nd (analysis of morning deals). The pound continues to fall
In my morning forecast, I paid attention to the 1.2340 level and planned to make decisions on entering the market from it. Let's look at the 5-minute chart and figure.
EUR/USD: trading plan for the US session on April 22nd (analysis of morning deals). The euro will continue trading within the channel
In my morning forecast, I drew attention to the level of 1.0645 and planned to make decisions regarding market entry based on it. Let's look at the 5-minute chart.
EUR/USD. April 22nd. Christine Lagarde's speech will set the tone for the week
On Friday, the EUR/USD pair rebounded from the corrective level at 127.2%-1.0619, favoring the European currency and initiating a new upward movement towards the Fibonacci level of 100.0% at 1.0696.
GBP/USD. April 22nd. The bulls continue to retreat
On the hourly chart, the GBP/USD pair on Friday rebounded from the corrective level of 50% (1.2464), favoring the American currency and falling towards the support zone at 1.2363–1.2370.
Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and US dollar index on April 22nd
Pressure on the resistance zone is expected in the next couple of days. Then, a reversal and a resumption of the bearish trend can be anticipated. When the direction changes.
Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on April 22nd
In the coming days, a general sideways movement of the euro is expected. After a likely rebound from the resistance zone, a reversal and resumption of the pair's downtrend.
EUR/USD: trading tips for beginners for European session on April 22
The price test of 1.0664 in the afternoon occurred at a time when the MACD indicator was just starting to move up from the zero mark, which confirmed the correct.
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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.