Technical My Tips

ETHUSD, 15-minute timeframe chart 👉General outlook ETHUSD has been trading in a bullish trend for the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1,810.50. Set your stop loss at 1,836.50 above the previous high ($2.60 loss for 0.01 lot) and take profit at 1,784.50 ($2.60 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period.

#economic_calendar These events may affect the market on 30 April.

What moved the market this week? Our latest market movers round-up reveals the key shifts: 🚀 Top performers: 🔹USDCHF +1.40% — the Swiss franc gained as the greenback strengthened. 🔹USDJPY +1.04% — the yen weakened with a positive risk sentiment. 🔹NZDUSD +0.37% — the kiwi dollar rose as investors took on more risk. ❌ Top losers: 🔹USDMXN –1.10% — the peso weakened despite improved sentiment. 🔹USDZAR –0.78% — the rand faced pressure amid a risk-on market shift. 🔹XAUUSD –0.28% — gold retreated as traders turned to riskier assets. 💬 Easing US–China trade tensions helped boost market sentiment, driving risk-sensitive currencies higher. Follow @technicalmytips for more expert information

GBPUSD, 30-minute timeframe chart 👉General outlook GBPUSD has been trading in a bullish trend for the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.34097. Set your stop loss at 1.34396 above the previous high ($2.99 loss for 0.01 lot) and take profit at 1.33798 ($2.99 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period.

Chart: XAGUSD daily chart XAGUSD rebounded to the 30.00 threshold after briefly testing the support at 28.20. However, the price has broken below the trendline, indicating a potential bearish shift. If XAGUSD breaks below the support at 29.60, the price may retreat toward the following support at 28.20. Conversely, if XAGUSD breaches above the resistance at 30.60, the price could advance further toward the following resistance at 31.50.

📊 Gold continues to consolidate Gold (XAU) has been fluctuating within a narrow range of $3,260–3,360 since the beginning of the week, due to a lack of new drivers and trade tariff news. On Monday, U.S. Treasury Secretary Scott Bessent remarked that several key U.S. trading partners have submitted 'very good' proposals designed to forestall the imposition of U.S. tariffs. He highlighted China's recent exemption of some American goods from its counter-tariffs as a signal of Beijing's intent to de-escalate trade tensions. Still, Bessent underscored that the U.S. is actively engaged in negotiations and that the responsibility ultimately lies with China to implement substantive measures to reduce trade tensions. 👉Possible effects for traders 'We're starting to see the first signs of selling exhaustion', TD Securities commodity strategist Daniel Ghali said, adding that the risk of a downward correction in gold is extremely limited. 'Western investors, particularly discretionary traders or macro funds, have been completely under-positioned in this last leg of gold's rally, and as a result of that, there's a limited amount of selling activity, and gold prices are drifting higher to reflect that', Ghali added. The bullish trend may continue, driven by increased demand for gold. 'Feedback from experts suggests that buyers are showing keen interest in various forms of gold, including higher karat gold jewellery, gold ETFs, digital gold, coins and bars, further strengthening its role in Indian households. Given the seasonal and wedding demand, strong gold buying is expected this festive season', Sachin Jain, regional executive director of World Gold Council India, wrote in a note. XAUUSD fell during the Asian and early European trading sessions. Today, traders should continue monitoring developments around global trade tariffs. Also, U.S. macroeconomic releases may trigger extra volatility. CB Consumer Confidence and JOLTS Job Openings reports are due at 2:00 p.m. UTC. Higher-than-expected figures may pause the rally in XAUUSD but are unlikely to break the bullish trend. Lower-than-expected results may push the pair above $3,350. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 37888

📊 EURUSD remains in bearish trend The euro (EUR) gained 0.43% against the U.S. dollar (USD) on Monday. The U.S. dollar weakened as investors underestimated the state of the U.S. economy and began forecasting tariff cuts after recent comments from Treasury Secretary Scott Bessent. 👉Possible effects for traders 'This is the calm before the storm. We're consolidating, trading broadly sideways today, mostly within Friday's ranges', said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York. 'The big stuff still lies ahead this week. We have largely seen soft survey data, but this week we will see evidence that weakness has crept into the real sector data such as Q1 GDP (gross domestic product), and that's before the tariffs', Chandler added. Meanwhile, eurozone economic statistics released this morning surprised the market. The German GfK Consumer Sentiment report was better than expected and showed that sentiment rose from −24.3 towards −20.6—the highest since November 2024. The economic outlook for the eurozone is still complicated by geopolitical uncertainties, such as ongoing global trade tensions and the effects of international conflicts, particularly in Ukraine. These factors push higher energy prices and make it difficult for the European Central Bank (ECB) to balance economic growth and low inflation. EURUSD fell during the Asian and early European trading sessions. Today, the market focuses on the U.S. macroeconomic reports at 2:00 p.m. UTC: JOLTS Job Openings and CB Consumer Confidence. Stronger-than-expected figures could delay rate cuts by the Federal Reserve, bringing EURUSD below 1.13000. Conversely, lower-than-expected results may weaken the greenback and push EURUSD higher, above 1.14300. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 37888

📊 British pound strenghtens due to U.S. dollar's weakness The British pound (GBP) increased towards a three-year high of 1.34000 on Monday. 👉Possible effects for traders The EY Item Club has revised the U.K. economic outlook downward, citing the impact of U.S. tariffs introduced by U.S. President Donald Trump. The group now projects a gross domestic product growth rate of just 0.8% in 2025, down from its previous estimate of 1%. The firm also lowered its 2026 forecast towards 0.9%. The downgrade reflects expectations that the escalating global tariff war will dampen consumer spending and restrain business investment. 'Given the conflicting signals, I think a deal is very unlikely in the near-term, and China might be preparing for a protracted trade war', said Carol Kong, a currency strategist at Commonwealth Bank of Australia. 'Overall, the U.S. tariff policy is very chaotic, and markets definitely don't like that, but there is indeed some growing optimism that the worst of the trade war is over'. GBPUSD fell slightly during Asian and early European trading sessions. Today, U.S. JOLTS Job Openings data at 2:00 p.m. UTC may shift investors' monetary policy expectations and trigger volatility in GBPUSD. Numbers exceeding the forecast may lower the probability of an interest rate cut by the Federal Reserve, pushing GBPUSD lower towards 1.33000. Lower-than-expected results will confirm that the U.S. labour market is loosening, pushing GBPUSD above 1.34500. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 37888

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Every trader’s been there: you buy a stock, and boom — it drops. What’s your next move? Share your answers in the comments. Start Trading:

#economic_calendar These events may affect the market on 29 April.