empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
05.04.2024 10:47 AM
EUR/USD and GBP/USD: trading tips for beginners on April 5
Open trading account Open demo account

Details of economic calendar on April 4

On Thursday, data on the EU producer price index was published. The annual rate of decline in factory inflation escalated from -8.0% to -8.3% in March, but this happened only due to an upward revision of previous data, from -8.6%. At the same time, the revision of previous data indicates a further stabilization of inflation processes. It suggests that the ECB will be the first to begin cutting interest rates. The main lever for speculative activity was the remarks of several Fed representatives, who unanimously signaled that the market should not expect an early reduction in interest rates. This information background led to a fall in Wall Street indices and, as a result, strengthened the US dollar.

Analysis of technical charts from April 4

The cycle of inertial-speculative movement for the EUR/USD pair was interrupted around the level of 1.0875 where the volume of long positions rapidly decreased. The cause and effect of the reversal is due to the Fed's information flow. From the point of technical analysis, we can only add that the euro has been overbought in recent days.

A similar picture is valid for the GBP/USD pair. The upward cycle was also interrupted. The reason lies in the increase in the volume of dollar positions in the market. As a result, the overbought pound sterling began a downward retracement.

This image is no longer relevant

Economic calendar on April 5

Today, the nonfarm payrolls from the US Department of Labor are due to be published. The US private sector may record an increase in new non-agricultural jobs by 275K, which is enough to maintain a stable labor market. This, in turn, may indicate a possible decline in the unemployment rate, which is already at an unusually low level for the American economy. In such a situation, reducing interest rates could entail both overheating of the labor market and sharp unwinding of the inflationary spiral. Thus, the Federal Reserve may well delay the cycle of easing monetary policy, which will lead to a further strengthening of the US dollar.

Trading plan for EUR/USD on April 5

If the bearish sentiment for the euro continues in the market, EUR/USD may well drop to the level of 1.0800. For subsequent growth in the volume of short positions, the price should settle below this level at the end of the week. As for the upward move, it will be implemented by traders when one of the possible scenarios occurs. The first is a rebound from the level of 1.0800, which will lead to a slowdown in the downward cycle and an increase in the volume of long positions. The second scenario suggests the possibility of a slowdown in the downward cycle. A return of the price above 1.0850 may already indicate an increase in the volume of long positions in EUR/USD.

This image is no longer relevant

Trading plan for GBP/USD on April 5

In this situation, a positive background for the US dollar still exists in the market. For this reason, we cannot exclude a possible price move at least to 1.2600. For a subsequent increase in the volume of short positions in the pound sterling, the price must settle below this level at the end of the week. As for the upward scenario, the level of 1.2600 is considered by traders as support, which allows for the possibility of a rebound in case the instrument approaches this level.

This image is no longer relevant

What's on charts

The candlestick chart type consists of graphic rectangles in white and black with lines at the top and bottom. With a detailed analysis of each individual candle, you can see its characteristics relative to a particular time period: opening price, closing price, maximum and minimum price.

Horizontal levels are price coordinates relative to which a price may stop or revered its trajectory. In the market, these levels are called support and resistance.

Circles and rectangles are highlighted examples where the price developed. This color highlighting indicates horizontal lines that may put pressure on the price in the future.

Up/down arrows are guidelines for a possible future trajectory.

Gven Podolsky,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Analytical News
US Market News Digest for May 20 Despite the downgrade of the US credit rating and rising Treasury yields, retail investors remain active buyers of equities. Net purchases have surged to a record $4 billion, signaling confidence
Ekaterina Kiseleva
12:16 2025-05-20 +02:00
1660
Fundamental analysis
AUD/USD. RBA Delivers Dovish Scenario, but It's Too Early to Rush into Selling The Reserve Bank of Australia (RBA) followed the most expected scenario at its May meeting, cutting the interest rate by 25 basis points. However, AUD/USD sellers remain vulnerable
Irina Manzenko
11:44 2025-05-20 +02:00
1390
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

How to Trade the GBP/USD Pair on May 20? Simple Tips and Trade Analysis for Beginners

Analysis of Monday's Trades 1H Chart of GBP/USD Throughout Monday, the GBP/USD pair continued its upward movement, and at first glance, it might seem that a new uptrend is forming
Paolo Greco 05:40 2025-05-20 UTC+2

How to Trade the EUR/USD Pair on May 20? Simple Tips and Trade Analysis for Beginners

Analysis of Monday's Trades 1H Chart of EUR/USD The EUR/USD currency pair surged upward on Monday with renewed strength. But what justified this move, given that Monday's macroeconomic and fundamental
Paolo Greco 05:40 2025-05-20 UTC+2

Trading Recommendations and Analysis for GBP/USD on May 20: The Pound Keeps Seizing Every Opportunity

The GBP/USD currency pair continued its upward movement on Monday, which began last week. The price successfully broke through both Ichimoku indicator lines, so from a technical standpoint, the trend
Paolo Greco 04:09 2025-05-20 UTC+2

Trading Recommendations and Analysis for EUR/USD on May 20: The Dollar Is Looking for Reasons to Fall

The EUR/USD currency pair showed a relatively substantial rise on Monday. We believe there was no macroeconomic or fundamental justification for such a sharp depreciation of the U.S. dollar that
Paolo Greco 04:09 2025-05-20 UTC+2

How to Trade the EUR/USD Pair on May 19? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of EUR/USD On Friday, the EUR/USD currency pair declined significantly in price, despite no macroeconomic or fundamental reasons. However, the downward trend
Paolo Greco 08:19 2025-05-19 UTC+2

Trading Recommendations and Analysis for GBP/USD on May 19: The Pound Feels Comfortable in a Flat Market

On Friday, the GBP/USD currency pair mainly traded downward throughout the day but closed with only a minor decline. This was mostly because the dollar weakened during the Asian session
Paolo Greco 04:42 2025-05-19 UTC+2

Trading Recommendations and Analysis for EUR/USD on May 19: The Dollar Struggles to Grow, but Still Does

The EUR/USD currency pair showed a slight decline on Friday. Although the 5-minute chart might suggest the pair spent the entire day in a downtrend, the U.S. dollar gained only
Paolo Greco 04:42 2025-05-19 UTC+2

How to Trade the GBP/USD Pair on May 19? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of GBP/USD On Friday, the GBP/USD pair also traded lower, although there were no objective reasons. While the euro maintains a downward trend
Paolo Greco 00:35 2025-05-19 UTC+2

How to Trade the GBP/USD Pair on May 16? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades 1H Chart of GBP/USD On Thursday, the GBP/USD pair showed minimal upward movement; however, the 5-minute timeframe indicates this was largely a sideways move
Paolo Greco 06:17 2025-05-16 UTC+2

How to Trade the EUR/USD Pair on May 16? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades 1H Chart of EUR/USD The EUR/USD currency pair traded in both directions throughout Thursday. The macroeconomic background was rich, but it had no decisive impact
Paolo Greco 06:17 2025-05-16 UTC+2

Top analytics

Relevance up to 23:00 2025-05-20 UTC--4
EUR/USD Forecast for May 20, 2025
05:08 2025-05-20
Technical analysis
Relevance up to 20:00 2025-05-20 UTC--4
Trading Recommendations and Analysis for EUR/USD on May 20: The Dollar Is Looking for Reasons to Fall
04:09 2025-05-20
Trading plan
Relevance up to 23:00 2025-05-20 UTC--4
How to Trade the EUR/USD Pair on May 20? Simple Tips and Trade Analysis for Beginners
05:40 2025-05-20
Trading plan
Relevance up to 20:00 2025-05-20 UTC--4
EUR/USD Overview – May 20: Fearless Moody's and a New Blow to the Dollar
07:31 2025-05-20
Fundamental analysis
Relevance up to 03:00 2025-05-21 UTC--4
Financial Markets Still Gripped by Uncertainty (Potential Decline in #USDX and Gold Prices)
09:42 2025-05-20
Fundamental analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

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.