Daily Market Outlook, 28th Of April, 2025

RISK WARNING:Β This report is for educational purposes only. Trading forex involves significant risk and may not be suitable for all investors. Trade at your own risk. Always use proper risk management strategies to protect your capital.

πŸ’ΆΒ EUR/USD

Pivot Point Levels (Daily Standard Calculation)

  • Pivot Point (PP): 1.1367
  • Resistance 1 (R1): 1.1420
  • Resistance 2 (R2): 1.1450
  • Resistance 3 (R3): 1.1503
  • Support 1 (S1): 1.1337
  • Support 2 (S2): 1.1284
  • Support 3 (S3): 1.1254

β†’ Current Price (1.1370) is just above the Pivot Point, leaning neutral-bullish.

πŸ“ Fibonacci Daily Levels (recent swing)

Recent move: 1.1180 low to 1.1450 high.

  • 38.2% retracement: 1.1340
  • 50% retracement: 1.1315
  • 61.8% retracement: 1.1290

β†’ Currently bouncing off the 38.2% Fib at 1.1340.

πŸ“‰ Bollinger Bands (Daily)

  • Upper Band: 1.1465
  • Lower Band: 1.1300
  • Middle Band (20 SMA): 1.1382

β†’ Price is slightly below mid-band, suggesting a test or bounce attempt.

πŸ“ˆ Elliott Wave View

  • EUR/USD seems to be working within a Wave 3 or C upward move.
  • Strong impulsive structure from 1.1180 base still valid unless 1.1315 breaks.

🧱 Wyckoff Theory View

  • EUR/USD in a re-accumulation phase between 1.1340 support and 1.1420 resistance.
  • Markup phase possible above 1.1420 breakout.

🎯 Nearest Key Support and Resistance Levels

Support:

  • 1.1340 (Fib 38.2% and S1)
  • 1.1315 (Fib 50%)
  • 1.1284 (S2)

Resistance:

  • 1.1420 (R1 and recent highs)
  • 1.1450 (R2)

🟩 Long Trade Setup (Buy Scenario)

πŸ“Œ Premise:
Support held at 1.1340–1.1350 zone, and price starts moving up toward resistance zones.

Entry:

  • Buy above 1.1380 (confirmation above 20-SMA and mid-Bollinger band).

Stop Loss:

  • Below 1.1335 (below Fib 38.2% and S1 support).

Take Profit:

  • Target 1: 1.1420 (R1 and resistance zone)
  • Target 2: 1.1450 (R2 and Fib extension)
  • Aggressive Target: 1.1500+

Trade Idea:

  • Favor longs as long as 1.1335 holds.

πŸŸ₯ Short Trade Setup (Sell Scenario)

πŸ“Œ Premise:
Failure at 1.1380–1.1400 and break back under support zones toward deeper Fib retracements.

Entry:

  • Sell below 1.1335 (clean break of support).

Stop Loss:

  • Above 1.1380 (back inside broken range).

Take Profit:

  • Target 1: 1.1284 (S2 pivot)
  • Target 2: 1.1254 (S3 pivot and stronger historical support)
  • Aggressive Target: 1.1180 (full previous swing low)

Trade Idea:

  • Shorts open only if 1.1335 is broken with strong momentum.

 

 

πŸͺ™Β Gold (XAU/USD)

 

Pivot Point Levels (Daily Standard Calculation)

  • Pivot Point (PP): 3295
  • Resistance 1 (R1): 3312
  • Resistance 2 (R2): 3327
  • Resistance 3 (R3): 3345
  • Support 1 (S1): 3280
  • Support 2 (S2): 3262
  • Support 3 (S3): 3247

β†’ Price 3298 is slightly above Pivot Point (neutral to bullish bias).

πŸ“ Fibonacci Daily Levels (recent swing)

Recent move: 3247 low to 3335 high.

  • 38.2% retracement: 3299
  • 50% retracement: 3291
  • 61.8% retracement: 3284

β†’ Right now at 38.2% Fib (near 3299). Important level.

πŸ“‰ Bollinger Bands (Daily)

  • Upper Band: 3337
  • Lower Band: 3275
  • Middle Band (20 SMA): 3305

β†’ Trading just below the midline (middle band 3305). Mixed to slightly bearish bias until reclaim.

πŸ“ˆ Elliott Wave View

  • Looks like Gold is completing a Wave 4 corrective pullback.
  • If correct, Wave 5 higher could initiate soon above 3305–3310 resistance.

🧱 Wyckoff Theory View

  • Gold is forming a re-accumulation range.
  • Preliminary Support (PS) at 3280.
  • Break above 3312 = possible markup move.

🎯 Nearest Key Support and Resistance Levels

Support:

  • 3280 (S1 and Fib 61.8%)
  • 3262 (S2)

Resistance:

  • 3312 (R1)
  • 3327 (R2)
  • 3335–3340 (Recent highs)

🟩 Long Trade Setup (Buy Scenario)

πŸ“Œ Premise:
Bounce off 3295–3298 Fib support zone toward higher resistance levels.

Entry:

  • Buy above 3305 (clear reclaim above mid Bollinger Band and pivot).

Stop Loss:

  • Below 3280 (under S1 and strong Fib cluster).

Take Profit:

  • Target 1: 3312 (R1)
  • Target 2: 3327 (R2)
  • Aggressive Target: 3345 (R3)

Trade Idea:

  • Buy dips as long as above 3280 major support.

πŸŸ₯ Short Trade Setup (Sell Scenario)

πŸ“Œ Premise:
Failure to hold above 3295, followed by sharp sell-off below 3280.

Entry:

  • Sell below 3280 (support breakdown).

Stop Loss:

  • Above 3305 (back into range).

Take Profit:

  • Target 1: 3262 (S2)
  • Target 2: 3247 (S3)
  • Aggressive Target: 3230 (previous demand zone)

Trade Idea:

  • Short breakdown setups only below 3280.

 

πŸ’·Β GBP/USD

Pivot Point Levels (Daily Standard Calculation)

  • Pivot Point (PP): 1.3276
  • Resistance 1 (R1): 1.3319
  • Resistance 2 (R2): 1.3362
  • Resistance 3 (R3): 1.3405
  • Support 1 (S1): 1.3233
  • Support 2 (S2): 1.3190
  • Support 3 (S3): 1.3147

β†’ Price at 1.3315 is very close to R1 (1.3319), testing resistance!

πŸ“ Fibonacci Daily Levels (recent swing)

Recent move: 1.3170 low to 1.3350 high.

  • 38.2% retracement: 1.3280
  • 50% retracement: 1.3260
  • 61.8% retracement: 1.3240

β†’ Sitting above 38.2% Fib support now, bullish leaning if holding.

πŸ“‰ Bollinger Bands (Daily)

  • Upper Band: 1.3380
  • Lower Band: 1.3190
  • Middle Band (20 SMA): 1.3285

β†’ Trading just above middle band (good sign for continuation higher).

πŸ“ˆ Elliott Wave View

  • GBP/USD appears to be in a Wave 3 or Wave C up move.
  • Still room toward 1.3400–1.3450 if R1 breaks cleanly.

🧱 Wyckoff Theory View

  • Looks like GBP/USD is in Late Phase C of re-accumulation:
    • Ready for possible breakout above 1.3320–1.3350 resistance zone.
    • Phase D markup possible if breakout confirmed.

🎯 Nearest Key Support and Resistance Levels

Support:

  • 1.3280 (38.2% Fib, middle BB)
  • 1.3260 (50% Fib)
  • 1.3233 (S1)

Resistance:

  • 1.3319 (R1)
  • 1.3362 (R2)
  • 1.3405 (R3)

🟩 Long Trade Setup (Buy Scenario)

πŸ“Œ Premise:
If 1.3320–1.3330 zone is broken, continuation higher expected.

Entry:

  • Buy above 1.3325 (after breakout above R1).

Stop Loss:

  • Below 1.3280 (under mid-Bollinger band and Fib support).

Take Profit:

  • Target 1: 1.3362 (R2)
  • Target 2: 1.3405 (R3)
  • Aggressive Target: 1.3450 (historical supply)

Trade Idea:

  • Favor buying strength on confirmed breakout above 1.3320–1.3330.

πŸŸ₯ Short Trade Setup (Sell Scenario)

πŸ“Œ Premise:
If 1.3280–1.3260 fails, drop toward deeper supports.

Entry:

  • Sell below 1.3260 (loss of 50% Fib and mid-BB).

Stop Loss:

  • Above 1.3320 (invalidates bearish setup).

Take Profit:

  • Target 1: 1.3233 (S1)
  • Target 2: 1.3190 (S2)
  • Aggressive Target: 1.3147 (S3)

Trade Idea:

  • Short only if we lose 1.3260 support cleanly.

 

πŸ›’οΈΒ Crude Oil (WTI)

Pivot Point Levels (Daily Standard Calculation)

  • Pivot Point (PP): 63.35
  • Resistance 1 (R1): 64.15
  • Resistance 2 (R2): 64.89
  • Resistance 3 (R3): 65.69
  • Support 1 (S1): 62.61
  • Support 2 (S2): 61.81
  • Support 3 (S3): 61.07

β†’ Current price 63.19 is just below the Pivot Point (63.35), showing slight bearish pressure.

πŸ“ Fibonacci Daily Levels (recent swing)

Recent move: 61.20 low to 64.50 high.

  • 38.2% retracement: 63.12
  • 50% retracement: 62.85
  • 61.8% retracement: 62.58

β†’ Right now sitting exactly around 38.2% Fib (63.12). Major pivot area!

πŸ“‰ Bollinger Bands (Daily)

  • Upper Band: 64.80
  • Lower Band: 61.60
  • Middle Band (20 SMA): 63.20

β†’ Sitting exactly at the middle band (neutral balance, next move crucial).

πŸ“ˆ Elliott Wave View

  • WTI appears to have completed a Wave 3 up and might be forming a Wave 4 pullback now.
  • If Wave 4 holds support, Wave 5 could target 65.00+ zone.

🧱 Wyckoff Theory View

  • Oil is building a range between 62.50 to 64.50.
  • Still in Phase B β€” testing both sides, no breakout yet.
  • Watch for Phase C spring near 62.50 if downside expands.

🎯 Nearest Key Support and Resistance Levels

Support:

  • 63.12 (Fib 38.2%)
  • 62.85 (Fib 50% + S1)
  • 62.58 (Fib 61.8%)

Resistance:

  • 63.35 (Pivot Point)
  • 64.15 (R1)
  • 64.89 (R2)

🟩 Long Trade Setup (Buy Scenario)

πŸ“Œ Premise:
Support holds around 63.00–63.10 zone and starts to move above Pivot.

Entry:

  • Buy above 63.40 (confirmation above Pivot Point).

Stop Loss:

  • Below 62.58 (under 61.8% Fib retracement).

Take Profit:

  • Target 1: 64.15 (R1)
  • Target 2: 64.89 (R2)
  • Aggressive Target: 65.69 (R3)

Trade Idea:

  • Buy if reclaim and strong hold above 63.35.

πŸŸ₯ Short Trade Setup (Sell Scenario)

πŸ“Œ Premise:
Loss of 63.00 and clean break below Fib cluster at 62.85/62.58.

Entry:

  • Sell below 62.80 (break of 50% Fib and daily S1).

Stop Loss:

  • Above 63.40 (invalidates breakdown).

Take Profit:

  • Target 1: 62.00 (psychological support)
  • Target 2: 61.60 (lower Bollinger Band / S2)
  • Aggressive Target: 61.07 (S3)

Trade Idea:

  • Sell breakdowns only under 62.80.

 

 

πŸ“ˆΒ Dow Jones (US30)

Pivot Point Levels (Daily Standard Calculation)

  • Pivot Point (PP): 39,865
  • Resistance 1 (R1): 40,030
  • Resistance 2 (R2): 40,120
  • Resistance 3 (R3): 40,285
  • Support 1 (S1): 39,775
  • Support 2 (S2): 39,610
  • Support 3 (S3): 39,520

β†’ Price at 39,940 is above the Pivot Point (39,865), indicating bullish bias.

πŸ“ Fibonacci Daily Levels (recent swing)

Recent move: 39,500 low to 40,120 high.

  • 38.2% retracement: 39,880
  • 50% retracement: 39,810
  • 61.8% retracement: 39,740

β†’ Currently above 38.2% Fib (39,880), bullish strength shown.

πŸ“‰ Bollinger Bands (Daily)

  • Upper Band: 40,220
  • Lower Band: 39,500
  • Middle Band (20 SMA): 39,860

β†’ Trading above middle band (positive structure).

πŸ“ˆ Elliott Wave View

  • Dow appears to be in Wave 5 extension up.
  • Minor pullbacks possible, but bigger trend favors further upside toward 40,300+.

🧱 Wyckoff Theory View

  • Late Phase D moving into Phase E (markup) β€”
    This suggests we are in a confirmed bullish trend and rallies should extend unless big reversal signals appear.

🎯 Nearest Key Support and Resistance Levels

Support:

  • 39,880 (Fib 38.2% + PP middle band)
  • 39,810 (Fib 50%)
  • 39,775 (S1)

Resistance:

  • 40,030 (R1)
  • 40,120 (R2)
  • 40,285 (R3)

🟩 Long Trade Setup (Buy Scenario)

πŸ“Œ Premise:
Continuation higher as long as above Pivot and Fib support.

Entry:

  • Buy above 40,030 (breakout over R1).

Stop Loss:

  • Below 39,775 (under S1).

Take Profit:

  • Target 1: 40,120 (R2)
  • Target 2: 40,285 (R3)
  • Aggressive Target: 40,400 (psychological)

Trade Idea:

  • Buy breakouts and dips above 39,865 area.

πŸŸ₯ Short Trade Setup (Sell Scenario)

πŸ“Œ Premise:
Failure to hold above 39,775 triggers deeper corrective move.

Entry:

  • Sell below 39,770 (break of S1).

Stop Loss:

  • Above 40,030 (back into bullish zone).

Take Profit:

  • Target 1: 39,610 (S2)
  • Target 2: 39,520 (S3)
  • Aggressive Target: 39,400 (previous demand)

Trade Idea:

  • Short if support levels at 39,775/39,740 collapse.

 

RISK WARNING:Β This report is for educational purposes only. Trading forex involves significant risk and may not be suitable for all investors. Trade at your own risk. Always use proper risk management strategies to protect your capital.