empty
23.04.2025 08:48 AM
EUR/USD: Simple Trading Tips for Beginner Traders on April 23. Review of Yesterday's Forex Trades

Analysis of Trades and Trading Tips for the Euro

The test of the 1.1460 price level in the second half of the day coincided with the MACD indicator starting to move downward from the zero line, confirming the correct entry point for selling the euro. As a result, the pair dropped by 30 pips.

Statements from Donald Trump regarding a possible reduction in trade tariffs against China and his decision to retain Jerome Powell as Chair of the Federal Reserve sparked a notable reaction in financial markets, leading to a strengthening of the dollar and a decline in interest in higher-risk assets. These comments came amid growing concerns about the global economic slowdown and the potentially negative impact of the U.S.–China trade conflict on the American economy. Market participants saw the potential removal of tariffs as a sign of willingness to compromise and ease trade tensions, which positively influenced forecasts for international trade. As for Jerome Powell, the decision to keep him at the helm of the Fed was interpreted as a sign of greater predictability and stability in U.S. monetary policy.

Today, the likelihood of a decline in the euro is relatively high, as weak PMI data is expected in both the manufacturing and services sectors of the Eurozone. In addition, market participants will closely monitor the Eurozone trade balance figures. Experts forecast a deterioration in the manufacturing PMI, indicating a potential slowdown in industrial growth. While service sector performance is expected to be relatively stable, a drop in the composite PMI could drag the euro lower. Furthermore, weak foreign trade balance data—which reflects the difference between exported and imported goods and services—could put additional pressure on the pair.

For intraday strategy, I will focus primarily on Scenarios #1 and #2.

This image is no longer relevant

Buy Signal

Scenario #1: Today, I plan to buy the euro upon reaching the entry point around 1.1405 (green line on the chart), targeting growth toward the 1.1450 level. At 1.1450, I plan to exit the long position and open a short position in the opposite direction, expecting a 30–35 pip retracement from the entry point. This buying setup should only be considered if positive data is released.

Important! Before buying, ensure the MACD indicator is above the zero line and beginning to rise.

Scenario #2: I also plan to buy the euro today if the price tests the 1.1369 level twice consecutively while the MACD indicator is in the oversold zone. This would limit the pair's downside potential and lead to a bullish market reversal. A rise toward the opposite levels of 1.1405 and 1.1450 can be expected.

Sell Signal

Scenario #1: I plan to sell the euro after it reaches the 1.1369 level (red line on the chart). The target will be the 1.1305 level, where I will exit the short position and open a buy position in the opposite direction (anticipating a 20–25 pip reversal from that level). Selling pressure may return to the pair at any moment.

Important! Before selling, make sure the MACD indicator is below the zero line and just beginning to move downward from it.

Scenario #2: I also plan to sell the euro today if the price tests the 1.1405 level twice consecutively while the MACD indicator is in the overbought zone. This would limit the pair's upside potential and lead to a downward reversal. A decline toward the opposite levels of 1.1369 and 1.1305 can be expected.

This image is no longer relevant

What's on the Chart:

  • The thin green line represents the entry price where the trading instrument can be bought.
  • The thick green line indicates the expected price level where a Take Profit order can be placed, or profits can be manually secured, as further price growth above this level is unlikely.
  • The thin red line represents the entry price where the trading instrument can be sold.
  • The thick red line indicates the expected price level where a Take Profit order can be placed, or profits can be manually secured, as further price decline below this level is unlikely.
  • The MACD indicator should be used to assess overbought and oversold zones when entering the market.

Important Notes:

  • Beginner Forex traders should exercise extreme caution when making market entry decisions. It is advisable to stay out of the market before the release of important fundamental reports to avoid exposure to sharp price fluctuations. If you choose to trade during news releases, always use stop-loss orders to minimize potential losses. Trading without stop-loss orders can quickly wipe out your entire deposit, especially if you neglect money management principles and trade with high volumes.
  • Remember, successful trading requires a well-defined trading plan, similar to the one outlined above. Making impulsive trading decisions based on the current market situation is a losing strategy for intraday traders.
Jakub Novak,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

USD/JPY: Dicas simples de negociação para traders iniciantes – 26 de junho (sessão dos EUA)

Análise do mercado e recomendações de negociação para o iene japonês O teste de preço em 144,61 ocorreu exatamente quando o indicador MACD começou a se mover para baixo

Jakub Novak 20:51 2025-06-26 UTC+2

GBP/USD: Dicas simples de negociação para traders iniciantes – 26 de junho (sessão dos EUA)

Análise das operações e dicas para negociar a libra esterlina O teste de preço em 1,3713 coincidiu com o momento em que o indicador MACD começou a subir a partir

Jakub Novak 20:38 2025-06-26 UTC+2

EUR/USD: Dicas simples de negociação para traders iniciantes – 26 de junho (sessão dos EUA)

Análise comercial e dicas de negociação para o euro O teste de preço em 1,1690 ocorreu justamente quando o indicador MACD começava a subir a partir da linha zero, confirmando

Jakub Novak 20:10 2025-06-26 UTC+2

GBP/USD: Dicas simples de negociação para traders iniciantes - 24 de junho (sessão dos E.U.A.)

Análise das negociações e dicas para negciar a libra esterlina Um teste de preço em 1,3608 na primeira metade do dia coincidiu com o indicador MACD já tendo se movido

Jakub Novak 23:06 2025-06-24 UTC+2

USD/JPY: Dicas simples de negociação para traders iniciantes - 24 de junho (sessão dos E.U.A.)

Análise das operações e orientações para negociar o iene japonês Um teste de preço em 144,97 ocorreu quando o MACD já estava muito acima da linha zero, o que impediu

Jakub Novak 22:50 2025-06-24 UTC+2

GBP/USD: Dicas simples de negociação para traders iniciantes para 23 de junho (sessão dos EUA)

Análise comercial e dicas para negociar a libra esterlina O teste do preço em 1,3420 na primeira metade do dia coincidiu com o MACD começando a se mover para baixo

Jakub Novak 23:50 2025-06-23 UTC+2

USD/JPY: Dicas simples de negociação para traders iniciantes para 23 de junho (sessão dos EUA)

O teste do nível de 147,48 ocorreu enquanto o indicador MACD estava em zona de sobrecompra, o que invalidou o cenário nº 1 de compra do dólar durante a tendência

Jakub Novak 22:57 2025-06-23 UTC+2

GBP/USD: Dicas simples de negociação para traders iniciantes – 20 de junho (sessão dos EUA)

Análise das operações e dicas para oeprar a libra esterlina O teste do nível de preço de 1,3477, na primeira metade do dia, ocorreu quando o indicador MACD já estava

Jakub Novak 21:28 2025-06-20 UTC+2

USD/JPY: Dicas simples de negociação para traders iniciantes – 20 de junho (sessão dos EUA)

Análise das operações e dicas para negociar o iene japonês Devido à baixa volatilidade, os níveis que indiquei não foram testados na primeira metade do dia. Dados os dados

Jakub Novak 21:21 2025-06-20 UTC+2

GBP/USD: Dicas simples de negociação para traders iniciantes em 16 de junho (sessão dos EUA)

Análise das operações e dicas para negociar a libra britância O teste do nível 1,3575 na primeira metade do dia ocorreu quando o indicador MACD já havia subido significativamente acima

Jakub Novak 21:46 2025-06-16 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

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.