empty
04.04.2024 01:12 PM
EUR/USD and GBP/USD: trading plan for beginners on April 4

Details of economic calendar on April 4

Preliminary data on inflation in the eurozone was published on Wednesday. The annual CPI showed a slowdown from 2.6% in February to 2.4% in March. During the American session, The ADP employment report was published. The US private sector added 184K jobs, while analysts had projected an increase of 125K. In addition, Jerome Powell made a statement that the Federal Reserve has enough time to analyze macroeconomic data before deciding on a possible rate cut. All these factors pointed to the inevitable strengthening of the dollar. However, unexpectedly traders began opening short positions on the US dollar. This sell-off is difficult to explain, but we can assume that there was a large-scale flow of capital from the US dollar to the euro. Such actions could only be carried out by a limited number of investment funds and banks.

Overview of technical charts on April 3

The EUR/USD pair suddenly climbed above the level of 1.0840 as a result of inertial speculative movement, which contradicts the logic of fundamental analysis. From a technical point of view, it is possible that long positions were strengthened at the time of the breakout of 1.0800 from the bottom up.

A similar situation is observed in the GBP/USD pair. The upward inertial cycle led to a breakout of the 1.2600 level, reinforcing long positions. This caused a sharp burst in speculative activity, causing the price to rise above 1.2650.

This image is no longer relevant

Economic calendar on April 4

Today, data on producer prices in the EU is due to be published. The rate of decline in factory inflation is expected to slow from -8.6% to -8.3%. If the inflationary process begins to stabilize, this may convince the market that the European Central Bank will be the first to start cutting interest rates. Based on fundamental analysis, these statistics indicate prospects for the weakness in the European currency.

Trading plan for EUR/USD on April 4

In the current situation, the euro is clearly overbought, which could lead to a slowdown in the ascending cycle with the possible formation of a pullback. However, if inertia continues, overbought signs may be ignored by speculators. In this case, the inertial movement may continue in the direction of the 1.0900 level.

This image is no longer relevant

Trading plan for GBP/USD

Even though the market is overbought, an inertial movement is still going on, in which technical analysis may not work. In this case, the expected pullback to the level of 1.2600 may give way to a new bullish sequence.

This image is no longer relevant

What's on charts

The candlestick chart type consists of graphic rectangles in white and black with lines at the top and bottom. With a detailed analysis of each individual candle, you can see its characteristics relative to a particular timeframe: opening price, closing price, maximum and minimum price.

Horizontal levels are price coordinates relative to which a price may stop or revered its trajectory. In the market, these levels are called support and resistance.

Circles and rectangles are highlighted examples where the price developed. This color highlighting indicates horizontal lines that may put pressure on the price in the future.

Up/down arrows are guidelines for a possible future trajectory.

Pilih carta masa
5
min
15
min
30
min
1
jam
4
jam
1
hari
1
minggu
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

Bagaimana untuk Berdagang Pasangan GBP/USD pada 7 Mei? Tip Ringkas dan Analisis Dagangan untuk Pedagang Baharu

Pada hari Selasa, pasangan GBP/USD menunjukkan pergerakan ke atas yang ketara, walaupun ia kekal dalam saluran mendatar yang mungkin tidak segera jelas kepada semua pedagang. Walau bagaimanapun, pada carta masa

Paolo Greco 06:55 2025-05-07 UTC+2

Bagaimana untuk Berdagang Pasangan EUR/USD pada 7 Mei? Petua Ringkas dan Analisis Dagangan kepada Pedagang Baharu

Analisis Dagangan Hari Selasa Carta 1 Jam pasangan EUR/USD Pada hari Selasa, pasangan mata wang EUR/USD didagangkan secara mendatar sepenuhnya. Sepanjang hari, tiada sebarang laporan atau peristiwa penting yang berlaku

Paolo Greco 06:55 2025-05-07 UTC+2

Cadangan Dagangan dan Analisis untuk GBP/USD pada 7 Mei: Pound Tidak Membazir Masa

Analisis 5-Minit pasangan GBP/USD Pada hari Selasa, pasangan mata wang GBP/USD secara tiba-tiba dan tanpa dijangka menyambung semula pergerakan menaik. Ketika euro terus terperangkap dalam pasaran mendatar, pound Britain pula

Paolo Greco 03:35 2025-05-07 UTC+2

Cadangan dan Analisis Perdagangan untuk EUR/USD pada 7 Mei: Pasaran Kekal Stagnasi

Pada hari Selasa, pasangan mata wang EUR/USD terus berdagang dalam julat mendatar yang sama dalam keadaan mendatar. Saluran mendatar yang lebih luas dihadkan oleh tahap 1.1274 dan 1.1426. Saluran yang

Paolo Greco 03:35 2025-05-07 UTC+2

GBP/USD: Rancangan Dagangan untuk Sesi Urusniaga Amerika Syarikat pada 6 Mei (Semakan Dagangan Pagi)

Dalam ramalan pagi, saya memberi perhatian kepada paras 1.3309 dan merancang untuk membuat keputusan kemasukan pasaran berdasarkan paras tersebut. Mari kita lihat carta 5 minit dan menganalisis apakah yang berlaku

Miroslaw Bawulski 18:52 2025-05-06 UTC+2

EUR/USD: Rancangan Dagangan bagi Sesi A.S. pada 6 Mei (Ulasan Dagangan Pagi)

Dalam ramalan pagi saya, saya menekankan tahap 1.1346 dan merancang untuk membuat keputusan dagangan berdasarkan tahap itu. Mari kita lihat carta 5 minit dan analisis apa yang berlaku di sana

Miroslaw Bawulski 18:49 2025-05-06 UTC+2

Bagaimana Berdagang Pasangan GBP/USD pada 6 Mei? Tip Ringkas dan Analisis Dagangan untuk Pedagang Baharu

Pada hari Isnin, pasangan GBP/USD terus berdagang dalam pola mendatar. Walaupun kita tidak melihat julat mendatar yang jelas bagi pound, kecenderungannya lebih ke arah mendatar daripada menaik. Pada awal hari

Paolo Greco 05:40 2025-05-06 UTC+2

Bagaimana untuk Berdagang Pasangan EUR/USD pada 6 Mei? Petua Ringkas dan Analisis Dagangan kepada Pedagang Baharu

Analisis Dagangan Hari Isnin Carta 1 Jam pasangan EUR/USD Pada hari Isnin, pasangan mata wang EUR/USD sekali lagi didagangkan naik dan turun, mengesahkan kewujudan pasaran mendatar. Harga telah bergerak secara

Paolo Greco 05:40 2025-05-06 UTC+2

Cadangan Dagangan dan Analisis untuk GBP/USD pada 6 Mei: Trump vs. ISM

Analisis 5-Minit pasangan GBP/USD Pada hari Isnin, pasangan mata wang GBP/USD berhasrat untuk melancarkan gelombang baharu dalam aliran menaik yang telah berterusan selama beberapa bulan. Namun begitu, pada separuh kedua

Paolo Greco 03:32 2025-05-06 UTC+2

Cadangan dan Analisis Dagangan untuk EUR/USD pada 6 Mei: Mengejutkan dan Di Luar Jangkaan

Pada hari Isnin, pasangan mata wang EUR/USD menyambung semula aktiviti kegemarannya sejak pagi—bergerak ke arah atas. Diketahui bahawa selepas rehat tiga minggu, Donald Trump memutuskan untuk membawa sedikit "kesegaran"

Paolo Greco 03:32 2025-05-06 UTC+2
Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.