Best Trade Ideas for April

Best Trade Ideas for April

2023-03-30 • Updated

Hey guys! So, April is fast approaching, and there's already an array of over 30 high-impact news releases; that is, almost every single trading day! As a result, in order to be better positioned to 'milk' all of these volatile events in the market, here are a few trade ideas to consider.

Disclaimer: Now, I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly, you must know I am not a 100% accurate AI. So, do not bet all your money on these ideas without proper risk management!

XAUUSD

XAUUSDWeekly-2803.png

Here is our dear friend Gold, from the weekly timeframe. We can clearly see price confined within a rising wedge, and approaching a major area of resistance (a pivot zone). There is also a supply zone at the peak of the inducement candle (that previous rejection candle with the long wick). Based on the confluence of the two resistance trendlines, the supply zone, the pivot zone, and the 88% Fibonacci retracement level, I am quite confident of this playing out.

Analysts’ Expectations: 

Direction: Bearish

Target: $1842

Invalidation: $2074

NZDCAD

NZDCADDaily-2903.png

NZDCAD is currently trading within a rising channel that is inside a bigger descending channel, and has recently been rejected from the resistance trendline of the channel. I expect price to head into the supply zone once more for a confirmed bearish push. Once price breaks through the support trendline, it would sail very quickly towards the 200-Day MA.

Analysts’ Expectations: 

Direction: Bearish

Target: 0.83000

Invalidation: 0.85800

EURNZD 

EURNZDDaily-2903.png

EURNZD is at a cruciall point on the Daily timeframe. First of all, we have the resistance trendline from the previous high, then followed by the resistance trendline from the rising wedge. Don't forget, we also have the resistance zone and a rally-base-drop supply zone at the site of the price action. All these combined to give me a clear bearish sentiment.

Analysts’ Expectations: 

Direction: Bearish

Target: 1.75700

Invalidation: 1.69450

GBPCHF 

GBPCHFDaily-2903.png

There'a hardly any need for a lengthy explanation of this GPBCHF chart. The major factors to consider here are; the resistance trendline, the rally-base-drop supply zone, the 200-Day MA, and the general overview of the market structure.

Analysts’ Expectations: 

Direction: Bearish

Target: 1.11100

Invalidation: 1.15700

AUDUSD 

AUDUSDDaily-2903.png

AUDUSD is another interesting idea I found. You see how the resistance trendline aligns with the rally-base-drop supply zone and the 200-Day MA? I see it too! And based on the general overview of the price action market structure, bearish seems the rational way to go.

Analysts’ Expectations: 

Direction: Bearish

Target: 0.64330

Invalidation: 0.67860

CONCLUSION

The trading of CFDs comes at a risk. Thus, to succeed, you have to manage risks properly. To avoid costly mistakes while you look to trade these opportunities, be sure to do your due diligence and manage your risk appropriately.

TRY TRADING NOW

You can access more of such trade ideas and prompt market updates on the telegram channel.

Similar

XAUUSD: Will Prices Soar Higher?
XAUUSD: Will Prices Soar Higher?

Gold prices bounced back on Wednesday, reaching $2,173.60 after briefly dipping to $2,150.00. Traders speculate that the US Federal Reserve (Fed) might reduce borrowing costs, but a recent report showing higher-than-expected inflation in the US could delay such actions. Despite signs of a cooling labor market, the US economy remains robust, with inflation

USD: Focus Shifts To Retail Sales & PPI
USD: Focus Shifts To Retail Sales & PPI

Ahead of the release of US February Retail Sales data, the US Dollar (USD) is showing a modest recovery. Analysts at BBH assess the potential impact of the upcoming data on the USD. A soft reading in spending could prompt another downward correction in the USD, as it might indicate a weakening consumer sentiment. Market expectations...

USD: CPI Sets The Tone For Further Movements
USD: CPI Sets The Tone For Further Movements

The US Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) in the US increased to 3.2% year-over-year in February from 3.1% in January. The Core CPI, which excludes volatile food and energy prices, rose 3.8% year-over-year, slightly below January's 3.9% but above market expectations of 3.7%. Both the CPI and Core CPI also rose by 0.4% on a monthly basis.

Latest news

AUD: Markets Prepare for RBA Rates Statement.
AUD: Markets Prepare for RBA Rates Statement.

The Reserve Bank of Australia (RBA) is widely anticipated to maintain its current interest rates at 4.35% following its two-day meeting concluding on Tuesday. Despite holding rates steady since December, the RBA has hinted at the possibility of further rate hikes due to persistently high inflation, which has exceeded its target range of 2% to 3%.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera