Top.Mail.Ru
empty
30.04.2025 08:31 AM
Intraday Strategies for Beginner Traders on April 30

The rise of the euro and the pound has paused. Yesterday's weak U.S. consumer confidence data failed to seriously pressure the dollar, resulting in only a modest strengthening of the euro and the British pound. However, during today's Asian trading session, pressure on these instruments resumed.

The consumer confidence index came in significantly below economists' expectations, indicating growing concern among U.S. consumers about the state of the economy. This triggered a wave of dollar selling as traders revised their expectations regarding the Federal Reserve's future policy. The weakening of the dollar, in turn, created a favorable environment for risk assets to strengthen.

But more important are today's upcoming events. The economic calendar is packed. In the first half of the day, we expect data on the change in Eurozone GDP for Q1, as well as Germany's CPI, unemployment rate, and retail sales figures.

The Eurozone GDP data will help assess the extent of the economy's recovery after winter and provide insight into its future trajectory. Analysts are closely watching these indicators, as they are key measures of the Eurozone's economic health and directly influence European Central Bank decisions.

German data will be equally important. The German CPI will indicate inflationary pressure in the Eurozone's largest economy. The unemployment rate will reflect labor market conditions, while retail sales data will provide insight into consumer activity.

Together, these factors will paint a picture of the region's economic landscape, influencing trader sentiment and the euro's direction. No important data is expected from the UK today.

If the data aligns with economists' expectations, acting based on the Mean Reversion strategy is better. The Momentum strategy is recommended if the data significantly exceeds or falls short of expectations.

Momentum Strategy (Breakout):

EUR/USD

Buy on a breakout above 1.1395 could lead to a rise toward 1.1435 and 1.1490

Sell on a breakout below 1.1360 could lead to a drop toward 1.1320 and 1.1267

GBP/USD

Buy on a breakout above 1.3410 could lead to a rise toward 1.3465 and 1.3510

Sell on a breakout below 1.3375 could lead to a drop toward 1.3333 and 1.3282

USD/JPY

Buy on a breakout above 142.80 could lead to a rise toward 143.30 and 143.71

Sell on a breakout below 142.30 could lead to a decline toward 141.82 and 141.34

Mean Reversion Strategy (Pullbacks):

This image is no longer relevant

EUR/USD

Look to sell after a failed breakout above 1.1396, on a return below this level

Look to buy after a failed breakout below 1.1355, on a return above this level

This image is no longer relevant

GBP/USD

Look to sell after a failed breakout above 1.3415, on a return below this level

Look to buy after a failed breakout below 1.3371, on a return above this level

This image is no longer relevant

AUD/USD

Look to sell after a failed breakout above 0.6429, on a return below this level

Look to buy after a failed breakout below 0.6396, on a return above this level

This image is no longer relevant

USD/CAD

Look to sell after a failed breakout above 1.3853, on a return below this level

Look to buy after a failed breakout below 1.3813, on a return above this level

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025
EURUSD
Euro vs US Dollar
Summary
Sell
Urgency
1 day
Analytic
Maxim Magdalinin
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD/JPY: Simple Trading Tips for Beginner Traders for June 6th (U.S. Session)

Trade Review and Tips for Trading the Japanese Yen The price test at 144.02 in the first half of the day occurred when the MACD indicator had already moved significantly

Jakub Novak 15:46 2025-06-06 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders for June 6th (U.S. Session)

Trade Review and Tips for Trading the British Pound The price test at 1.3546 in the first half of the day occurred when the MACD indicator had already moved significantly

Jakub Novak 15:43 2025-06-06 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders for June 6th (U.S. Session)

Trade Review and Tips for Trading the Euro The price test at 1.1430 occurred when the MACD indicator had already moved significantly below the zero mark, which limited the downward

Jakub Novak 15:41 2025-06-06 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on May 6th. Review of Yesterday's Forex Trades

Trade Review and Tips for Trading the Japanese Yen The price test at 143.34 coincided with the moment when the MACD indicator had just started moving up from the zero

Jakub Novak 10:33 2025-06-06 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on May 6th. Review of Yesterday's Forex Trades

Trade Review and Tips for Trading the British Pound The price test at 1.3600 in the second half of the day coincided with the moment when the MACD indicator

Jakub Novak 10:29 2025-06-06 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on May 6th. Forex Trade Review

Trade Review and Tips for Trading the Euro The price test at 1.1440 coincided with the moment when the MACD indicator had just started moving upward from the zero mark

Jakub Novak 10:27 2025-06-06 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on June 5th (U.S. Session)

Trade Analysis and Tips for Trading the Japanese Yen The price test at 143.25 during the first half of the day occurred when the MACD indicator had moved significantly above

Jakub Novak 19:58 2025-06-05 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on June 5th (U.S. Session)

Trade Analysis and Tips for Trading the British Pound The price test at 1.3566 during the first half of the day occurred when the MACD indicator had moved significantly above

Jakub Novak 19:56 2025-06-05 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on June 5th (U.S. Session)

Trade Analysis and Tips for Trading the Euro The price test at 1.1427 occurred when the MACD indicator had moved significantly above the zero line, which limited the upward potential

Jakub Novak 19:51 2025-06-05 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on June 5. Review of Yesterday's Forex Trades

The price test at 144.06 coincided with the moment when the MACD indicator had just started moving downward from the zero line, confirming a correct entry point for selling

Jakub Novak 09:01 2025-06-05 UTC+2
Can't speak right now?
Ask your question in the 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.