Bulls Could Take Control If Downside Momentum Fades

Central Bank

Economic

Summary:

The RSI entered oversold territory, indicating that sellers may be exhausting their strength and that a bullish counter-move could be forming from this zone.

BUY USDCAD

Close Time

CLOSED

1.38720

Entry Price

1.41500

1.37250

1.38493 -0.00044 -0.03%

77.2

Pips

Profit

1.37250

1.39492

Exit Price

1.38720

Entry Price

1.41500

U.S. Treasury Secretary Scott Bessent reassured markets on Monday, stating that the United States remains far from any kind of emergency scenario—something, he noted, that was never a real concern to begin with. He also emphasized the administration’s commitment to pursuing “fair” trade negotiations with countries seeking tariff exemptions, which the Trump administration has framed as essential measures to restore fiscal balance in the U.S. budget.

Meanwhile, Atlanta Federal Reserve President Raphael Bostic remarked on Tuesday that the Fed still has considerable ground to cover before reaching its 2% inflation target. His comments served as a reality check for investors who had begun to price in rate cuts more aggressively. Persistent inflation, in his view, continues to complicate the timing and extent of any future policy easing.

St. Louis Fed President Alberto Musalem echoed the cautious tone, warning that inflation could reaccelerate even as labor market conditions show signs of deterioration. This potential decoupling between inflation and employment, he argued, demands careful observation and a data-dependent approach. Musalem also underscored the importance of keeping long-term inflation expectations anchored, especially amid lingering uncertainty over tariffs and structural policy shifts.

“There remains substantial uncertainty regarding the timing and cumulative impact of shifting trade, immigration, fiscal, and regulatory policies,” Musalem said during a speech in Hot Springs, Arkansas. “We must acknowledge the possibility that inflation could rise even as the labor market weakens.”

Boston Fed President Susan Collins shared similar concerns, noting that growing policy unpredictability—particularly surrounding tariffs—is limiting the central bank’s ability to act nimbly. Minneapolis Fed President Neel Kashkari added that prolonged trade restrictions not only risk unanchoring inflation expectations but could also suppress long-term growth. In a recent Fed publication, he emphasized how the evolving policy landscape has added complexity and unpredictability to the monetary outlook.

New York Fed President John Williams further contributed to the chorus of concern, stating that he expects broader U.S. economic indicators to continue softening as the cumulative effects of tariffs work their way through the system.

On the data front, the latest U.S. Producer Price Index (PPI) report delivered a notable downside surprise. Headline PPI declined by 0.4% in March—well below expectations for a 0.2% increase—following a modest upward revision to February’s reading, now reported at 0.1%. Core PPI, which excludes the often-volatile food and energy components, also dropped by 0.1%, defying consensus forecasts for a 0.3% gain.

Several subcomponents of the report—those feeding directly into the Fed’s preferred inflation metrics—came in softer than expected. These figures have raised fresh doubts about the durability of price pressures and introduced further complications for the Fed’s path forward. Bulls Could Take Control If Downside Momentum Fades_1

Bulls Could Take Control If Downside Momentum Fades_1

Technical Analysis

USDCAD has experienced a sharp drop in recent sessions, reaching key support around the 1.3900 zone, with an intraday low of 1.3833. From this level, the pair has started to rebound modestly, suggesting that bearish momentum may be losing steam. Notably, the RSI entered oversold territory, indicating that sellers may be exhausting their strength and that a bullish counter-move could be forming from this zone.

Interestingly, this support area has acted as resistance in two prior instances, and it now appears to be providing a floor—hinting at a possible shift in market sentiment. If this zone continues to hold, buyers may begin stepping in to drive a recovery.

The 100- and 200-period moving averages are currently located at 1.3997 and 1.4291, respectively. Immediate support and resistance levels are found at 1.3750 and 1.4155. A firm break below 1.3750 could trigger a continuation of the downtrend, potentially leading to deeper losses. However, if the 1.3822 support zone is defended successfully, the pair may gain bullish traction toward the 1.4155 resistance level.

Trading Recommendations

Trading direction: Buy

Entry price: 1.3872

Target price: 1.4150

Stop loss: 1.3725

Validity: Apr 23, 2025 15:00:00

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Eva Chen

Economic

Forex

Summary:

A series of factors may introduce certain fluctuations to the Eurozone economy, including internal policy adjustments within Europe, global geopolitical risks, and changes in trade relations. As a result, these factors can indirectly affect the trend of the euro against other currencies. The Bank of New Zealand (BNZ) Services Performance Index has risen to 49.1. Despite signs of stabilization, it remains weak.

SELL EURNZD

EXP

PENDING

1.96400

Entry Price

1.87890

1.99300

1.90423 +0.00519 +0.27%

Pips

PENDING

1.87890

Exit Price

1.96400

Entry Price

1.99300

Fundamentals

Recent data from the Eurozone economy have shown a gradual improvement, but core issues such as low inflation and a slowdown in growth remain significant challenges. The European Central Bank (ECB) continues to face the delicate task of balancing its accommodative monetary policy with the gradual withdrawal of stimulus measures. Amid this backdrop, the overall economic outlook for the Eurozone remains shrouded in uncertainty. However, there is potential for a stronger euro if economic data show unexpected improvements or if there are signs of rising inflation. Such developments could bolster the euro's value and, consequently, drive EURNZD higher.

New Zealand's services sector continued to contract in March. The BusinessNZ Services Performance Index edged up from 49.0 to 49.1. This marks another instance where the index fell below its long-term average of 53.0, highlighting its persistent weakness.

While the overall improvement was modest, the underlying sub-indexes showed a mixed picture—The Activity/Sales Index declined from 49.1 to 47.4. However, the New Orders/Business Index climbed from 49.5 to 50.8, reaching its highest level since February 2024, indicating a recovery in future demand. The Employment Index rose from 49.1 to 50.2, ending a 15-month contraction and preliminarily signaling that businesses may be regaining hiring confidence.

The proportion of respondents with negative evaluations decreased slightly to 56.7%. Their concerns over high interest rates, inflation, weak consumer confidence, and broader economic uncertainty persist. Businesses also mentioned external pressures such as global tariffs and rising input costs.

Head and Shoulders Pattern Drives Continued Bearish Trend_1

Technical Analysis

The current EURNZD is trading at 1.9376, a level influenced by both economic fundamentals and technical indicators.

Fundamentally, the respective economic conditions and monetary policy directions of Europe and New Zealand will determine the medium- to long-term trend. Technically, the visible 4-hour head and shoulders pattern provides a bearish reference.

When formulating trading strategies, traders are advised to operate flexibly based on bullish and bearish scenarios while maintaining prudent risk management. Additionally, it is crucial to closely monitor the latest developments in international economic and policy trends.

Trading Recommendations

Trading Direction: Sell

Entry Price: 1.9640

Target Price: 1.8789

Stop Loss: 1.9930

Valid Until: April 29, 2025, 23:55:00

Support: 1.9285/1.9234/1.9619

Resistance: 1.9761/1.9847/1.9916

Risk Warnings and Disclaimers

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Eva Chen

Economic

Forex

Summary:

The cross pair indicates that the British pound is making a strong comeback. This week, the market is closely watching the UK Consumer Price Index and wage growth data.

BUY GBPUSD

EXP

TRADING

1.31332

Entry Price

1.35050

1.27000

1.33073 -0.00250 -0.19%

0.0

Pips

Flat

1.27000

Exit Price

1.31332

Entry Price

1.35050

Fundamentals

Last week, the volatility of GBPUSD was lower than that of its major competitor, the euro. Apart from concerns over risk aversion and the impact of tariffs on the UK economy, the rise in UK government bond yields also put pressure on the pound, as it makes it more difficult for the Starmer government to implement loose fiscal policies to counter economic slowdown.

Meanwhile, considering that US tariffs should have a more severe impact on the Eurozone economy than on the UK, the recent plummet in GBPUSD is somewhat puzzling. The euro has been playing the role of a safe haven, but the appreciation of EURGBP seems somewhat forced. Given the UK's lower trade deficit with the US and lower dependence on goods exports, the UK appears to be better positioned to withstand tariffs.

We believe that the recent underperformance of GBPEUR is unlikely to persist for long. This largely reflects the high-risk status of the pound, but the UK economy seems to be prepared to weather US tariffs.

The main pressure facing the pound now is the market expectation that the Bank of England will need to cut interest rates more significantly this year. There is already a 90% probability of a 25-basis-point rate cut at the May meeting.

However, if the upcoming employment and Consumer Price Index (CPI) data exacerbate concerns over persistent inflation, these expectations could change this week.

The CPI fell more than expected YoY in February, to 2.8%. It may drop further in March before rebounding again. The CPI report will be released on Wednesday, and ahead of that, the latest employment data will be published on Tuesday. Wage growth will be key for the Bank of England's decision-making. Stronger-than-expected data could dampen rate cut expectations, thereby potentially providing support to the pound.

Path of Least Resistance Points Upward_1

Technical Analysis

GBPUSD maintains its bullish momentum, breaking above 1.3200 during the European session on Monday. The ongoing weakness of the US dollar indicates that the path of least resistance for this asset is upward.

The immediate resistance for bulls is at 1.3206. If this resistance level is breached, GBPUSD will resume its rally from 1.2099 and retest the high of 1.3433.

On the downside, a break below the support level of 1.2981 would first restore a neutral intraday trend. However, as long as the support level of 1.2706 holds, the overall short-term outlook will remain bullish.

Trading Recommendations

Trading Direction: Buy

Entry Price: 1.3120

Target Price: 1.3505

Stop Loss: 1.2700

Valid Until: April 29, 2025, 23:55:00

Support: 1.2981/1.2866/1.2711

Resistance: 1.3206/1.3887/1.3433

Risk Warnings and Disclaimers

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Warren Takunda

Economic

Summary:

The Australian Dollar surged on Monday, bolstered by a stronger-than-expected trade surplus out of China and improving risk sentiment.

BUY AUDUSD

Close Time

CLOSED

0.63000

Entry Price

0.64500

0.62300

0.63845 -0.00240 -0.37%

68.3

Pips

Profit

0.62300

0.63683

Exit Price

0.63000

Entry Price

0.64500

The Australian Dollar (AUD) began the week with renewed vigor, capitalizing on improved market sentiment following the release of stronger-than-expected trade data from China—Australia’s largest trading partner. In tandem, a visibly weakening US Dollar, burdened by lackluster economic indicators and growing dovishness from Federal Reserve officials, added further lift to the AUD/USD currency pair.

On Monday, China’s General Administration of Customs reported that the country’s trade surplus came in at $102.64 billion for March, a robust figure that comfortably surpassed market expectations of $77 billion, though still lower than February’s exceptional $170.51 billion. In yuan terms, the surplus soared to CNY 736.72 billion—up dramatically from CNY 122 billion the month prior.

The trade data highlighted a sharp uptick in exports, which rose 13.5% year-over-year in March, an acceleration from February’s 3.4%. Imports, meanwhile, fell by 3.5%, a less severe decline than the 7.3% drop previously recorded. The report served as a clear indication that China's trade engine still has fuel, despite mounting geopolitical headwinds and a "complex and severe" external environment, as described by customs officials.

Still, officials struck a cautious tone, acknowledging the risks posed by escalating tensions with Washington. The Ministry reiterated its intent to “resolutely safeguard national sovereignty,” hinting at continued retaliatory measures should the US proceed with further tariff hikes.

Risk sentiment improved late Sunday after US President Donald Trump clarified that the proposed 145% tariffs on key Chinese tech products—including semiconductors and electronics—would not be implemented for now. Instead, the administration confirmed that these items would remain subject to existing 20% levies linked to fentanyl-related enforcement measures.

The announcement helped to ease fears of a dramatic escalation in the US-China trade dispute and provided tailwinds to commodity-linked currencies such as the Australian Dollar. Australia, whose economic growth is deeply tied to Chinese demand for raw materials, often serves as a proxy for global risk appetite, particularly when Beijing's trade figures improve.

Meanwhile, the US Dollar Index (DXY) continued to bleed lower, dipping below the psychological 100.00 mark and inching closer to Friday’s three-year low of 99.01. A stream of underwhelming economic data has eroded investor confidence in the resilience of the US economy, while recent comments from Federal Reserve officials point to a more cautious monetary stance.

The University of Michigan's consumer sentiment index plummeted to 50.8 in April, a stark reminder that household confidence remains fragile. Inflation expectations, however, remain uncomfortably high, with the one-year outlook jumping to 6.7%. On the production side, the Producer Price Index (PPI) for March showed a 2.7% increase year-over-year, down from 3.2% in February. The core PPI eased to 3.3%.

Labor market data offered a mixed signal. Initial jobless claims rose to 223,000, but continuing claims fell to 1.85 million—suggesting some resilience in employment trends, albeit with increasing friction.

Federal Reserve officials appear increasingly wary. Speaking on CBS’ Face the Nation, Minneapolis Fed President Neel Kashkari remarked that the confidence shock stemming from Trump’s trade measures is the most significant he's seen outside of the early COVID-19 panic in March 2020. Kashkari noted that how swiftly trade uncertainties are resolved will ultimately dictate the broader economic impact.

Further easing the pressure on the Fed to act aggressively, US Consumer Price Index (CPI) data for March showed annual inflation easing to 2.4%, down from 2.8% in February and well below the market forecast of 2.6%. Core CPI—excluding food and energy—came in at 2.8%, down from 3.1%. On a monthly basis, headline CPI fell by 0.1%, while core CPI edged up 0.1%.

Minutes from the latest Federal Open Market Committee (FOMC) meeting reinforced the central bank’s cautious tone. Officials were nearly unanimous in their assessment that the Fed is navigating “difficult trade-offs” amid persistent inflation and signs of softening growth.

Looking ahead, market watchers are anticipating further stimulus measures from China. Analysts at Citi expect the People's Bank of China (PBoC) to implement at least a 15-basis point cut to the loan prime rate (LPR) and a 25-basis point reduction in the reserve requirement ratio (RRR) in the second quarter. These moves, aimed at shoring up domestic demand amid external uncertainties, could further support Australian export flows and, by extension, the AUD.

Adding to the positive outlook for the Aussie, reports last week indicated that Australia is preparing to resume trade negotiations with the European Union. Simultaneously, China held talks with EU trade chief Maroš Šefčovič, expressing interest in expanding trade and investment ties—a potential diversification away from reliance on US markets.

Technical Analysis

From a technical standpoint, the AUD/USD continues to trade within a short-term bullish wave. The pair remains comfortably above the 50-day Exponential Moving Average (EMA50), signaling sustained upward momentum. The Relative Strength Index (RSI) has exited its overbought zone and is now flashing renewed bullish signals, potentially paving the way for a retest of the multi-swing-high resistance at 0.6450. Traders eyeing this level for profit-taking may see it as a crucial pivot point in the near term.

TRADE RECOMMENDATION

BUY AUDUSD

ENTRY PRICE: 0.6300

STOP LOSS: 0.6230

TAKE PROFIT: 0.6450

Risk Warnings and Disclaimers

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Warren Takunda

Commodity

Summary:

Silver prices hold firm above $32.30, defying traditional headwinds as US-China trade tensions escalate and recession fears weigh on the dollar.

BUY XAGUSD

Close Time

CLOSED

32.300

Entry Price

34.500

31.600

33.078 -0.487 -1.45%

68.0

Pips

Profit

31.600

32.980

Exit Price

32.300

Entry Price

34.500

Silver prices are defying traditional market logic, trading with impressive resilience near $32.30 during Monday’s European session. The precious metal continues to ride a wave of bullish momentum built up late last week, as investors grapple with a toxic mix of escalating geopolitical tensions and mounting concerns about a potential economic downturn in the United States.

The immediate catalyst fueling silver's rally is the rapidly deteriorating trade relationship between the United States and China. In a retaliatory move against fresh tariff measures reinstated by former President Donald Trump, China has hiked import duties on a wide range of American goods to an eye-watering 125%. This tit-for-tat escalation not only reopens old wounds from the previous trade standoff but adds a new layer of complexity to already jittery markets.

The implications for the US economy are serious. Tariffs at such elevated levels will likely be absorbed by domestic importers and, ultimately, consumers. This puts downward pressure on household purchasing power and injects friction into the flow of business operations, potentially curbing economic activity at a time when growth is already showing signs of strain.

As a result of this hostile trade environment, investor appetite for US assets is diminishing rapidly. The US dollar, which had been relatively stable in recent weeks, is now under pronounced selling pressure. The US Dollar Index has dropped sharply to 99.60, marking a significant reversal as capital flows shift away from the greenback. A weakening dollar typically boosts demand for commodities priced in dollars, and silver is reaping the benefits of this shift in sentiment.

At the same time, the bond market is flashing recession warnings. Yields on US Treasuries have plunged, with the 10-year yield falling over one full percentage point during European trading hours. Although still 14% above last week's levels, this sudden drop underscores the sense of unease gripping global investors. A falling yield curve, especially one that inverts, is often viewed as a harbinger of economic contraction. Investors are reacting accordingly, rotating out of traditional assets and into safe havens like silver.

In a textbook market scenario, rising yields would usually suppress non-yielding assets such as precious metals. But in the current climate, conventional wisdom is being cast aside. Silver’s rally, despite higher nominal yields, reflects a deeper concern among investors: protection, not returns. The demand for safety in physical assets is outpacing concerns about opportunity cost.

Technical Analysis

Technically, silver is on solid footing. The price has convincingly broken through the critical $32.00 resistance level, transforming it into a new support base. This breakout followed a healthy correction in overbought conditions, particularly in the Relative Strength Index, which has since normalized and now supports further upside momentum. Recent trading sessions have confirmed two successive breaches of key resistance zones, underscoring the strength of the current bullish wave.

What we are witnessing is not just a speculative push—it’s a sentiment-driven rally fueled by real economic anxiety and geopolitical instability. Silver is increasingly behaving like the classic safe haven it’s long been regarded as, offering shelter from the storm for investors seeking stability in an increasingly unpredictable macro environment.

In my personal view, silver has more room to run. With the dollar under pressure, recession risks gaining traction, and technical momentum firmly in bulls' favor, I believe silver will continue climbing throughout the week. The next logical resistance lies at $33.00, and a sustained push beyond that level could open the door to further gains, potentially targeting $34.50 in the medium term.

TRADE RECOMENDATION

BUY SILVER

ENTRY PRICE: 32.30

STOP LOSS: 31.60

TAKE PROFIT: 34.50

Risk Warnings and Disclaimers

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Warren Takunda

Economic

Summary:

EUR/USD soars toward 1.1400 as the US Dollar slides under the weight of stagflation fears and deepening US-China trade tensions.

BUY EURUSD

Close Time

CLOSED

1.14004

Entry Price

1.17000

1.12200

1.13610 -0.00259 -0.23%

159.1

Pips

Profit

1.12200

1.15595

Exit Price

1.14004

Entry Price

1.17000

The euro is on a bullish tear. On Monday, the EUR/USD pair climbed sharply toward the 1.1400 mark during the European session, extending its post-Friday rally and inching closer to the three-year high of 1.1474. The sudden surge in euro demand comes as the US Dollar faces an intense sell-off, pressured by mounting stagflation concerns, dismal consumer sentiment, and renewed tensions between the United States and China.

At the heart of the dollar's decline lies a cocktail of economic pessimism and geopolitical unease. On Friday, the University of Michigan’s preliminary Consumer Sentiment Index for April shocked markets, plunging to 50.8—the lowest reading since June 2022. This sharp drop in consumer confidence is not occurring in a vacuum. It coincides with a sudden uptick in inflation expectations, with the one-year forward inflation outlook accelerating from 5% in March to a staggering 6.7% in April.

This dual dynamic—plummeting sentiment and soaring inflation expectations—has reignited fears of stagflation in the United States, a dreaded economic scenario marked by stagnant growth, persistent inflation, and weakening employment. The Federal Reserve, which has fought tooth and nail over the past two years to curb inflation, now faces a more complicated outlook. As households grow increasingly pessimistic about the economy and anticipate higher prices, the central bank’s credibility in managing long-term price stability is being tested.

St. Louis Fed President Alberto Musalem underscored this concern on Friday, warning that if public expectations begin to bake in long-term inflation, it would become significantly harder for the Fed to restore economic balance. “If the public begins to expect inflation will remain high over the long term, the job of restoring price stability and maximum employment would be much more difficult,” he noted.

As if domestic economic troubles weren’t enough, geopolitical risks have also returned to the foreground. The US-China trade war—which had been relatively dormant—has erupted again. Last week, President Donald Trump hiked tariffs on a broad range of Chinese imports to 145%, a move that triggered immediate retaliation from Beijing. China responded on Friday by slapping counter-tariffs of up to 125% on US goods, effective the following day.

This re-escalation of trade hostilities between the world’s two largest economies has reignited fears of supply chain disruptions and investment paralysis. Businesses are likely to hold off on capital expenditures and expansion plans amid this renewed uncertainty, posing yet another headwind to US economic growth.

Investors are already pricing in a potential slowdown. The US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, extended its downward slide below the critical 99.00 level, underlining the market’s waning confidence in the USD.

Despite the market’s risk-off tone, the euro has managed to rally strongly, benefiting from both USD weakness and growing confidence in the European Central Bank’s (ECB) dovish pivot. The ECB is widely expected to cut interest rates during its upcoming policy meeting on Thursday, with investors betting that the bank will be among the first major central banks to pivot away from the ultra-restrictive stance it held during the height of the inflation crisis.

Ordinarily, a rate cut might weaken a currency. However, in this case, expectations of the ECB’s forward-looking policy shift—paired with severe weakness in the dollar—have emboldened euro bulls. Market participants are interpreting the ECB’s expected move as a sign of economic normalization rather than desperation, especially as inflation in the eurozone has already started to ease.

Technical Analysis

From a technical standpoint, EUR/USD continues to show signs of strong upward momentum. After successfully digesting overbought conditions, the pair has resumed its ascent, with bullish signals flashing across the Relative Strength Index (RSI). The rally appears to be supported by a well-established short-term uptrend, giving the euro room to target the next key resistance at 1.1470—the high last seen over three years ago.

A clean break above 1.1470 could open the door toward the psychological level of 1.1700, a major hurdle that may prompt some profit-taking. However, if risk-off flows continue and dollar pressure persists, euro bulls could eventually push beyond this mark. On the downside, strong support remains in the 1.1200 region, which previously acted as a ceiling in August and September.

TRADE RECOMMENDATION

BUY EURUSD

ENTRY PRICE: 1.1400

STOP LOSS: 1.1220

TAKE PROFIT: 1.1700

Risk Warnings and Disclaimers

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Alan

Cryptocurrency

Summary:

Given the recent deterioration in the global macroeconomic environment, compounded by the impact of Trump's tariff policies, risk assets are experiencing overall pressure.

SELL BTC-USDT

Close Time

CLOSED

84382.0

Entry Price

75000.0

88900.0

94007.8 -358.2 -0.38%

4518.0

Pips

Loss

75000.0

88914.6

Exit Price

84382.0

Entry Price

88900.0

Fundamentals

The global macroeconomic environment has recently deteriorated, with the U.S. Q1 GDP forecast revised downward to -2.8%. Despite an unexpected 0.1% MoM decrease in March CPI, core CPI remains high at 2.8%. Federal Reserve officials continue to signal a hawkish stance, emphasizing the need to assess the impact of sticky inflation on the path to interest rate cuts. Furthermore, the potential for a Trump administration to maintain a 145% tariff on Chinese goods is increasing market expectations of tighter dollar liquidity, which is putting pressure on risk assets overall.

Meanwhile, the cryptocurrency market is facing increased global regulatory scrutiny. The U.S. SEC is intensifying its examination of exchanges, and the Central Bank of the Russian Federation is restricting domestic cryptocurrency settlements. Bitcoin spot ETF inflows are showing divergence, with persistent outflows from GBTC slowing net inflows. Moreover, the sustained rise in gold prices (the gold/Bitcoin volatility ratio reaching a three-year high) indicates a flight of safe-haven capital from the cryptocurrency market.

Technical Analysis

In the 1D timeframe, Bitcoin's short-term trend exhibits a clear bearish trajectory, characterized by a sequence of lower highs and lower lows. Following a peak at 86,100 on April 13, the price retreated to 83,850, facing resistance from the prior downtrend line. Furthermore, Bitcoin is currently trading below its 60-day SMA, with the downtrend line and the 60-day SMA converging to exert significant resistance. The long upper shadow on April 13 signaled weakening momentum, and today's continued bearish performance underscores prevailing negative market sentiment, confirming short-term selling pressure.

Currently, for Bitcoin to resume its uptrend, Bitcoin must first retest the 74,000 support level, potentially establishing a double-bottom pattern. Consequently, a secondary bottoming phase is anticipated in the short term.

It is recommended to go short at the highs.

Trading Recommendations

Trading Direction: Sell

Entry Price: 84700

Target Price: 75000

Stop Loss: 88900

Valid Until: April 28, 2025 23:00:00

Support: 77261, 74501

Resistance: 86100, 88769

Risk Warnings and Disclaimers

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Bulls Could Take Control If Downside Momentum Fades

Technical Analysis

Head and Shoulders Pattern Drives Continued Bearish Trend

Fundamentals

Technical Analysis

Trading Recommendations

Path of Least Resistance Points Upward

Fundamentals

Technical Analysis

Trading Recommendations

AUD/USD Climbs as China’s Trade Surplus Surprises, Fed Dovishness and US Data Weigh on Dollar

Silver Prices Cling to Gains as US-China Tariffs Spark Dollar Slide, Recession Worries

EUR/USD Surges Toward 1.1400 Amid Dollar Weakness, Trade Tensions, and Stagflation Fears

A Double Bottom Formation Is Possible

Fundamentals

Technical Analysis

Trading Recommendations

Risk Disclosure