The key event for XRP in May remains the fate of the CLARITY Act, which is expected to establish XRP’s status as a digital commodity at the federal level. According to CoinMarketCap, the Senate Banking Committee has scheduled consideration of the bill for 14 May 2026. According to estimates by 24/7 Wall St., if the vote does not take place before the start of the May recess on 21 May, consideration of the bill could be delayed. Against this backdrop, institutional interest remains steady: according to SoSoValue, net inflows into spot XRP ETFs totalled $34.21 million during the first ten days of May.

Technical Picture

Since July 2025, XRP has formed a descending channel from the peak near $3.6. The move culminated in accelerated selling pressure in early February 2026, with the price falling towards the $1.12 area, after which the asset entered a sideways consolidation phase. The horizontal volume profile formed during this period covers the range between the lower boundary at $1.30 and the upper boundary at $1.50. The point of control (POC) is located between $1.39 and $1.44.

The price is currently trading above the POC zone but below the upper boundary of the profile and is preparing to test the channel boundary. The POC area acts as the nearest support zone during pullbacks. The key support and resistance levels within the horizontal volume range are $1.29 and $1.60 respectively. The RSI + MAs indicator shows readings of 62, 51 and 51 — the main indicator line remains in positive territory and noticeably above the moving averages, indicating continued buyer interest, although the averages themselves remain neutral.

Key Takeaways

In the short term, the direction of XRP/USD will largely depend on regulatory developments in the coming weeks: consideration of the CLARITY Act in the coming days could become the catalyst for a breakout from the current range in either direction. The volume profile and the $1.29 level form the lower support zone, while $1.60 remains the nearest resistance above the current market profile range.

GBP/USD is attempting a consolidation phase above 1.33500. USD/CAD is showing positive signs and might aim for more gains above 1.3725.

Important Takeaways for GBP/USD and USD/CAD Analysis Today

• The British Pound started a recovery wave above 1.3515 and 1.3550.
• There is a key bearish trend line forming with resistance near 1.3620 on the hourly chart of GBP/USD at FXOpen.
• USD/CAD rallied above 1.3650 and 1.3680 before the bears appeared.
• There was a break above a bearish trend line with resistance at 1.3695 on the hourly chart at FXOpen.

GBP/USD Technical Analysis

On the hourly chart of GBP/USD at FXOpen, the pair started a fresh decline from 1.3635 after a decent increase. The British Pound traded below 1.3600 to again move into a short-term bearish zone against the US Dollar.

The pair even traded below 1.3580 and the 50-hour simple moving average. Finally, the bulls appeared near 1.3550. A low was formed near 1.3547, and the pair is now attempting a short-term recovery wave.

There was a fresh upside above 1.3580 and the 50% Fib retracement level of the downward move from the 1.3636 swing high to the 1.3547 low. The pair is now showing positive signs above 1.3550. Immediate resistance on the upside is near the 61.8% Fib retracement level at 1.3600 or the 50-hour simple moving average.

The first major hurdle for the bulls on the GBP/USD chart is near a bearish trend line at 1.3620. A close above 1.3620 might spark a decent increase. The next stop for the bulls might be 1.3655. Any more gains could lead the pair toward 1.3710 in the near term.

Initial support sits at 1.3550. The next key area of interest might be 1.3515, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.3450.

USD/CAD Technical Analysis

On the hourly chart of USD/CAD at FXOpen, the pair formed a strong support base above the 1.3580 level. The US Dollar started a fresh increase above 1.3635 against the Canadian Dollar.

The pair cleared the 50-hour simple moving average, climbed above 1.3650, and surpassed a bearish trend line at 1.3695. The last swing high was formed at 1.3723, and the pair is now showing positive signs above the 23.6% Fib retracement level of the upward move from the 1.3579 swing low to the 1.3723 high.

On the upside, Initial resistance sits near 1.3725. The main breakout zone could be 1.3740. A clear upside break above 1.3740 could start another steady increase.

The next major stop for the bulls might be 1.3800. Any more gains could open the doors for a test of 1.4000. If there is a pullback, the pair could find bids near 1.3680 or the 50-hour simple moving average. A downside break below 1.3680 might send the pair toward the 50% Fib retracement at 1.3650.

The next major area on the same USD/CAD chart could be 1.3580. A close below 1.3580 could push the pair further lower. In the stated case, the bears might aim for a test of 1.3500.

Scalping indicators are technical tools that signal entries and exits in forex and CFD markets. They are typically applied on 1-minute to 5-minute charts during very short-term trades. These forex scalping indicators process price, momentum, and volatility data into structured readings. They suit conditions defined by tight spreads, fast execution, and small price fluctuations.

Scalpers execute many trades over minutes or seconds, aiming to capture minor price moves in active markets. Technical indicators offer the structured signals needed to support these fast decisions. This article covers the main indicators for scalping and their application to intraday trading.

Common scalping indicators include:

• Exponential Moving Average (EMA): smooths recent prices to indicate trend direction.
• Hull Moving Average (HMA): a faster moving average designed to reduce lag.
• Relative Strength Index (RSI): a momentum oscillator measuring overbought and oversold conditions.
• Bollinger Bands: volatility bands set around a moving average.
• Stochastic Oscillator: measures the closing price relative to a recent trading range to identify momentum.
• MACD: compares two moving averages to identify momentum and trend direction.

Role of Indicators in Short-Term Execution

As you may know, scalping is a trading strategy where traders aim to take advantage of small price movements by executing numerous trades within short timeframes, often closing trades within a few minutes. This approach requires swift decision-making and precise timing.

Technical indicators may be important tools in this context, as they provide real-time data and insights into market trends, momentum, and volatility. Using these indicators, traders can identify optimal entry and exit points, potentially enhancing their ability to navigate the rapid pace of the market.

Below, we’ll break down five indicators for scalping. You’ll find these scalping indicators in MT4 and MT5, and TradingView. Also, you can get started in seconds with FXOpen’s TickTrader trading platform.

Indicators in scalping are typically used for:

• Trend identification: spotting whether price is moving directionally.
• Entry timing: pinpointing moments to act on a setup.
• Volatility assessment: gauging how widely the price is swinging in real time.

Moving Averages

Moving averages (MAs) are considered by some to be the most popular indicator for scalping, smoothing out price data to help identify trends by calculating the average price over a specific period. In scalping, where quick decisions are crucial, certain types of moving averages can be useful.

Exponential Moving Average (EMA)

Unlike the Simple Moving Average (SMA), which assigns equal weight to all data points, the EMA gives more significance to recent prices, making it more responsive to current market movements. This responsiveness is advantageous for scalpers.

Common EMA settings for scalping include 5, 9, and 20 periods, depending on chart timeframe. For instance, a 9-period EMA reacts swiftly to recent price changes, potentially providing timely signals for entry and exit points. The EMA for scalping may also act as dynamic support or resistance during trending price action.

Hull Moving Average (HMA)

Developed by Alan Hull, the HMA further reduces lag. It does this by weighting recent prices more heavily and applying a different calculation. The result is a moving average that tracks price action more closely while smoothing noise.

Applying Moving Averages in Scalping

• Crossover Strategy: Scalpers often use two EMAs of different lengths. A common approach involves a fast EMA (e.g., 5-period) and a slow EMA (e.g., 15-period). When the fast EMA crosses above the slow EMA, it may indicate a bullish trend, suggesting an entry point for a buy trade or an exit point for a short trade. Conversely, when the fast EMA crosses below the slow EMA, it may signal a bearish trend, indicating a potential entry for a sell trade or moment to close a long trade.
• Trend Confirmation: The EMA and HMA can be used to confirm trends identified by other indicators. For example, if the moving average is sloping upwards, it may confirm an uptrend, supporting decisions to enter long positions. If it's sloping downwards, it may confirm a downtrend, supporting decisions to enter short positions.
• Pullbacks: In trending markets, traders often monitor pullbacks to the EMA as potential continuation entries.

You can find these scalping indicators in TradingView and FXOpen’s TickTrader trading platform.

Relative Strength Index (RSI) in Scalping

The Relative Strength Index (RSI) is a well-known scalping indicator that measures the speed and change of price movements, oscillating between 0 and 100. Traditionally, an RSI above 70 indicates overbought conditions, while below 30 suggests oversold conditions.

In scalping, traders often adjust the RSI from its typical length of 14 to shorter periods, such as 7 or 9, to capture rapid price swings occurring over minutes. This adjustment makes the RSI more sensitive to recent price changes, providing timely signals for quick trades. Shorter RSI scalping settings between 2 and 6 periods are also commonly used on very fast timeframes.

Applying RSI in Scalping

• Overbought/Oversold Levels: When the RSI moves beyond 70 or drops below 30, traders watch for potential reversal points. However, scalpers may focus on the RSI’s movement back into the 30-70 range as an early sign of momentum shifting.
• Divergences: Scalpers also look for divergence between price movement and the RSI. For example, if the price reaches a new high but the RSI does not, it may signal a weakening trend and possible reversal. This divergence may support traders in anticipating quick market shifts.
• Midpoint (50 Level): The 50 level serves as a midpoint, indicating the balance between gains and losses. An RSI crossing above 50 may suggest bullish momentum, while dropping below 50 can indicate bearish momentum. Scalpers use this midpoint to assess the prevailing market trend.

Bollinger Bands

Bollinger Bands are a technical analysis tool comprising three lines: a simple moving average (SMA) in the middle, with upper and lower bands set at a specified number of standard deviations from the SMA. These bands expand and contract based on market volatility, providing a visual representation of price fluctuations. Squeeze conditions, where the bands narrow sharply, often precede expansion and stronger directional moves.

In scalping, traders often adjust Bollinger Bands scalping parameters to shorter timeframes, such as 1-minute or 5-minute charts, to capture quick price movements. A common approach involves setting the SMA period to 7-10 and the standard deviation to 1.5-2, potentially enhancing sensitivity to short-term market changes.

Applying Bollinger Bands in Scalping:

• Bollinger Squeeze: When the bands contract, indicating low volatility, it often precedes significant price movements. Scalpers watch for a breakout above or below the SMA. When the price breaks above the SMA, it may signal that the price will rise, and vice versa.
• Reversal: Price breaching the upper band may suggest overbought conditions, while below the lower band may indicate oversold conditions. Scalpers use these signals to anticipate potential price reversals.

Stochastic Oscillator

The Stochastic Oscillator is a momentum indicator that compares an asset’s closing price to its price range over a specific period, typically 14. It includes the %K line, the current closing price relative to the range, and the %D line, a moving average of %K. The scale runs from 0 to 100, where readings over 80 suggest overbought levels, and those under 20 point to oversold levels. The Stochastic Oscillator is more popular in range-bound markets than in strong trends.

In scalping, traders may adjust the Stochastic Oscillator to shorter settings, such as 5,3,3, to increase sensitivity to rapid price movements. This adjustment may help in capturing short-term market fluctuations.

Applying the Stochastic Oscillator in Scalping:

• Overbought and Oversold Conditions: When the %K line crosses the %D line in the overbought (above 80) or oversold (below 20) zones, it can signal a potential reversal. Scalpers use these crossovers as quick alerts for shifts in momentum, helping them to act swiftly in volatile markets.
• Crossovers: Besides extreme conditions, traders also monitor crossovers between %K and %D. A %K line crossing above %D from a lower level can suggest an upward move, while a downward crossover may hint at a short-term price decline.
• Divergence: If the price makes a new high/low but the Stochastic Oscillator does not, it may signal a weakening trend, indicating a potential reversal.

Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) is a widely used scalping indicator. It’s a momentum indicator that reflects the relationship between two moving averages. It comprises the MACD line (the difference between the 12-period and 26-period exponential moving averages), the signal line (a 9-period EMA of the MACD line), and a histogram, which illustrates the gap between the two lines.

Scalpers prefer to adjust these settings to 3, 10, and 16, respectively, to make the MACD more responsive to rapid price movements.

Applying MACD in Scalping:

• Crossovers: When the MACD line crosses above the signal line, it may indicate bullish momentum; a crossover below suggests bearish momentum. Scalpers monitor these crossovers to identify potential entry and exit points.
• Histogram Analysis: The histogram represents the difference between the MACD and signal lines. Histogram contraction in the MACD scalping indicator may reflect weakening momentum, while expansion tends to indicate momentum building in the prevailing direction. Scalpers use these changes to gauge the intensity of price movements.
• Divergences: A divergence occurs when the price moves in one direction while the MACD line moves in the opposite. For example, if the price reaches a new low but the MACD does not, it may reflect a potential upward reversal. Scalpers watch for such divergences to anticipate shifts in market direction.

Indicator Confluence in Scalping

Confluence refers to combining signals from multiple indicators to potentially filter noise and improve signal reliability. Each indicator offers unique insights, and their combined use may help filter out false signals. Here are some pairings:

• EMA + RSI → trend direction plus momentum confirmation: Utilising the Exponential Moving Average to identify trend direction alongside the Relative Strength Index to gauge momentum may help traders confirm the strength of a trend before making decisions. For instance, if the EMA indicates an uptrend and the RSI is above 50, it may suggest strong bullish momentum.
• Bollinger Bands + Stochastic → volatility plus reversal signals: Bollinger Bands measure volatility, while the Stochastic Oscillator identifies overbought or oversold conditions. When prices touch the upper or lower bands and the Stochastic Oscillator reflects overbought or oversold conditions, it may indicate potential reversal points.
• MACD + RSI → momentum confirmation across two indicators: The Moving Average Convergence Divergence (MACD) highlights momentum changes, and the RSI indicates overbought and oversold conditions. Using them together can support traders in confirming potential entry or exit points. For example, if the MACD shows bullish momentum and the RSI is rising but not yet overbought, it may signal the price will rise.

Indicator Settings Commonly Used in Scalping

The table below summarises typical scalping configurations for each indicator covered above. These are the settings traders most often apply on these indicators for 1-minute trading and 5-minute trading.

Market Conditions and Indicator Behaviour

Indicator readings shift in reliability depending on the underlying market environment. No single tool performs identically across trend, range, and low-volatility conditions.

In trending markets,  the EMA and momentum indicators such as MACD tend to dominate. Trend-following signals carry more weight when price moves directionally with sustained pressure.

In range-bound markets, oscillators become more relevant. The Stochastic Oscillator and RSI often produce cleaner reversal signals when price oscillates between defined support and resistance levels. Moving average crossovers may generate frequent false signals in these conditions.

Under low-volatility conditions, signals across all indicator types weaken. Bollinger Bands contract, momentum readings flatten, and crossovers lose meaning. Traders often wait for volatility expansion before acting on indicator-based setups.

Limitations of Indicators in Scalping

Scalping with indicators offers valuable insights, but there are some challenges traders should be aware of:

• False Signals: Rapid market movements can trigger misleading signals, causing traders to act prematurely.
• Overtrading: Relying too heavily on short-term indicators can lead to excessive trades, increasing transaction costs.
• Market Noise: High volatility and frequent price fluctuations can make it difficult to distinguish genuine trends from random market "noise."
• Lagging Indicators: Some indicators may react too slowly, causing traders to miss potential trades.
• Tuning: Tuning indicators may be necessary to optimise performance. Academic research has tested indicators such as MACD and RSI across multiple developed markets, with results varying by index, period, and parameter settings.

Key Takeaways on Scalping Indicators

Scalping relies on precise and timely decisions, which is why technical indicators play an important role in this trading style. Tools such as moving averages and oscillators provide structured signals that may support traders in navigating fast market movements. The choice of indicators varies depending on individual trading preferences, market conditions, and timeframes.

If you want to test the above-mentioned indicators or find something new for yourself, you can open an FXOpen account to access over 700 markets and trade with tight spreads from 0.0 pips.

FAQ

What Indicators Are Used for Scalping?

Common scalping indicators include the Exponential Moving Average (EMA), Relative Strength Index (RSI), Bollinger Bands, Stochastic Oscillator, and Moving Average Convergence Divergence (MACD). The Hull Moving Average is also used by some traders. Each tool serves a different function across trend identification, momentum measurement, and volatility assessment on short-term charts.

What EMA Settings Are Used in Scalping?

Common EMA settings for scalping include 5, 9, and 20 periods on 1-minute and 5-minute charts. Traders often pair a fast EMA, such as 5 or 9, with a slower EMA, such as 15 or 20, to monitor crossovers. Shorter periods react faster but may produce more false signals.

Can RSI Be Used for Short-Term Trading?

Yes, the RSI is popular among short-term trading indicators. Scalpers typically reduce the RSI period from the standard 14 to between 2 and 7 to capture rapid price swings. Traders watch for crosses above 70 or below 30, divergences with price, and movement around the 50 midpoint.

How Do Bollinger Bands Work in Scalping?

In scalping, traders often use a 7 to 10 period SMA with 1.5 to 2 standard deviations. Squeeze conditions may precede breakouts, while band touches may indicate reversal zones.

Do Indicators Behave Differently in Trending and Ranging Markets?

Yes, indicator reliability shifts with market conditions. In trends, momentum indicators such as MACD and EMAs tend to perform more consistently. In ranges, oscillators such as RSI and Stochastic produce cleaner reversal signals. Under low volatility, signals across all indicator types tend to weaken.

What Is the 1-Minute Scalp Strategy?

The 1-minute scalp strategy involves making rapid trades on a 1-minute chart. Traders look for small price movements and enter multiple trades within a short period, often using scalp trading indicators like the EMA or RSI for quick signals.

What Is the 5-Minute Scalping Strategy?

The 5-minute scalping strategy focuses on capturing short-term price movements on a 5-minute chart. Traders typically combine trend and momentum indicators, like the MACD and Bollinger Bands, to make fast, informed decisions.

Are There Good Stocks for Scalping?

The choice depends on the trader’s risk tolerance, trading approach, experience, and toolkit. However, according to theory, stocks with high liquidity, tight spreads, and significant daily volume are good for scalping. Popular choices include tech giants like Apple (AAPL) and Tesla (TSLA), as they offer frequent price fluctuations. But at the same time, they bear higher risks.

In this video, we’ll explore the key economic events and market trends, shaping the financial landscape. Get ready for insights into financial markets to help you navigate the week ahead. Let’s dive in!

In this episode of Market Insights, Gary Thomson unpacks the strategic implications of the most critical events driving global markets.

👉 Key topics covered in this episode:

✔️ US Inflation Rate
The US inflation report on 12 May could become a key short-term catalyst for the dollar, especially as markets remain cautious amid geopolitical uncertainty and steady Fed policy expectations. While headline inflation has accelerated due to rising energy prices, traders will closely watch whether inflationary pressures continue to build. Will persistent inflation support the US dollar, or will markets continue to expect no Fed rate changes this year?

✔️ UK GDP Data
The British pound is showing relative strength ahead of the UK GDP release on 14 May, with recent GBP moves largely driven by US dollar dynamics and improving UK economic data. As traders assess quarterly and annual growth figures, the release could trigger heightened volatility in GBP pairs. Will strong GDP data support a sustained recovery in the pound, or will broader market uncertainty limit further gains?

✔️ US-China Meeting
Attention will also turn to the reported meeting between Donald Trump and Xi Jinping on 14-15 May in China. While the event itself may not trigger major volatility, any comments or signals on trade, geopolitics, or global cooperation could influence overall market sentiment and risk appetite. Will the meeting help ease geopolitical concerns, or add further uncertainty to global markets?

To summarise, the market outlook remains driven by a combination of macroeconomic data and geopolitical developments, with no clear dominant trend yet established.

In this environment, traders closely monitor incoming data, being flexible and getting ready for short-term volatility.

Gain insights to strengthen your trading knowledge.

💬 Don’t forget to like, comment, and subscribe for more professional market insights every week.

Watch it now and stay updated with FXOpen.

The structural deficit in the silver market has now persisted for a sixth consecutive year. According to forecasts by the Silver Institute, the gap between supply and demand in 2026 is expected to reach 67 million ounces, forcing the market to rely on accumulated reserves. However, the demand picture remains uneven.

Industrial consumption continues to decline, primarily due to the photovoltaic sector, where solar panel manufacturers are actively reducing the amount of silver used per cell in response to elevated prices. Against this backdrop, investment demand remains resilient: global ETP holdings have reached approximately 1.31 billion ounces, while silver lease rates in London have climbed to record highs amid a growing physical shortage.

Technical Picture

On the daily chart of XAG/USD, a two-phase structure is visible. From 21 November 2025, the instrument formed a strong upward impulse along an ascending trend line, reaching a peak on 29 January 2026. This was followed by a sharp collapse and a break below the trend line, with the low recorded on 6 February near the 64 level. A rebound then followed, and on 2 March a local recovery high was established — this area now corresponds to resistance around 96. A retest of the lows took place on 23 March 2026.

The horizontal volume profile spans the 68.300–89.000 range, with the point of control (POC) concentrated between 79.100 and 81.000. The price is currently trading below the lower boundary of this zone and remains under selling pressure. The nearest support lies at 68.300, followed by stronger support at 61.000, corresponding to the February crash low.

The RSI + MAs indicator shows readings of 55, 47 and 47. RSI remains above both moving averages; however, all indicators are within neutral territory, with no strong directional momentum currently visible.

Key Takeaways

The silver market continues to be influenced by two opposing fundamental forces: a structural supply deficit supported by investment demand, and weakening industrial consumption from the photovoltaic sector. The resolution of this imbalance is likely to determine the future direction and character of the market.

The fundamental backdrop for EUR/USD in early May is shaped by diverging monetary policy expectations on both sides of the Atlantic. At its 30 April meeting, the ECB left interest rates unchanged; however, Governing Council members Joachim Nagel and Peter Kazimir signalled the possibility of a rate hike as early as June amid persistent inflationary pressure. Meanwhile, the Federal Reserve has maintained rates within the 3.50–3.75% range without giving clear indications of imminent easing, while US inflation stood at 3.3% year-on-year in March.

Tensions in the Strait of Hormuz continue to keep oil prices near four-year highs, increasing inflation risks for the import-dependent eurozone. An additional pressure factor is the possibility of Washington raising tariffs on European cars to 25%.

Technical Picture

On the daily chart, EUR/USD formed and completed an inverted head-and-shoulders pattern in March. The neckline of the formation is located above the point of control (POC) of the horizontal volume profile, and the breakout above the neckline triggered a rally towards the 1.1850 area. The profile covers the 1.1440–1.1690 range, while the POC zone at 1.1550–1.1570 — representing the highest concentration of horizontal volume during the analysed period — acts as the main support area for the current market structure.

Following the pullback from 1.1850, the pair continues to trade above the upper boundary of the profile. The 1.1850 level remains the nearest significant resistance, while 1.1400 serves as the deeper support level for the entire profile zone. The RSI + MAs indicator shows readings of 56, 52 and 53: RSI remains above both moving averages, reflecting a moderate advantage for buyers without signs of strong momentum.

Key Takeaways

The fundamental backdrop remains mixed: expectations of tighter ECB policy continue to support the euro, while energy-related risks and weak eurozone growth are limiting bullish momentum. From a technical perspective, the key factor is whether price can hold above the POC zone and the 1.1690 level — a condition that could help sustain the bullish trend.

The Australian dollar continues to strengthen, pushing to fresh 2021–2022 highs, supported by a combination of the Reserve Bank of Australia’s tight monetary stance and a weaker US dollar. This week’s rate hike by the RBA has been a key driver, widening yield differentials and boosting demand for the Australian currency, which has reinforced the ongoing uptrend. Additional pressure on the US dollar came from weak labour data, including the ADP report, increasing expectations of a more accommodative Fed policy.

The current market structure suggests that both AUD/USD and AUD/CAD have broken out of recent consolidation ranges and are now advancing towards multi-year highs. Trading at these levels creates a decision zone where liquidity is being reallocated, with the market assessing whether prices can hold above extremes or fall back into prior ranges.

In the near term, the key event for markets will be the US Non-Farm Payrolls report, while other macro releases are likely to play a secondary role. The NFP reaction could significantly influence expectations for Fed policy and set the direction for the US dollar.

AUD/USD

AUD/USD is trading near yearly highs, maintaining bullish momentum after breaking out of its range. Dollar weakness combined with RBA policy support continues to favour further gains, with the current area acting as a key test for breakout confirmation.

From a technical perspective, continuation of the uptrend depends on the 0.7230 level holding as support. However, in the absence of fresh catalysts ahead of key data releases, a pullback towards 0.7130–0.7160 remains possible.

Key Events For AUD/USD:

• today at 15:30 (GMT+3): US initial jobless claims
• today at 17:00 (GMT+3): US construction spending
• today at 18:30 (GMT+3): Atlanta Fed GDPNow indicator

AUD/CAD

AUD/CAD reached a new yearly high yesterday at 0.9870 and still shows potential for a move towards 2021 extremes near 0.9990. If the upper boundary of the recent range turns into support, the bullish momentum could strengthen further.

At the same time, a slowdown at current levels could lead to a return back into the broken range, creating a false breakout scenario and opening the door for a corrective move.

Key Events For AUD/CAD:

• today at 13:00 (GMT+3): Canada leading economic indicators
• today at 23:30 (GMT+3): US Federal Reserve balance sheet
• tomorrow at 15:30 (GMT+3): Canada employment change

Overall, both currency pairs remain in a strong upward phase supported by fundamental drivers. The current resistance zone is a key decision area: a sustained breakout would open the way for further gains, while weak follow-through or stronger US data could trigger a return into prior ranges and a corrective pullback. Upcoming macroeconomic releases are likely to be the decisive catalyst for the next market move.

AUD/USD started a fresh increase above 0.7175 and 0.7200. NZD/USD is also rising and might aim for more gains above 0.5950.

Important Takeaways for AUD USD and NZD USD Analysis Today

· The Aussie Dollar started a steady increase above 0.7150 against the US Dollar.

· There was a break above a bearish trend line with resistance at 0.7190 on the hourly chart of AUD/USD at FXOpen.

· NZD/USD is consolidating gains above the 0.5925 pivot zone.

· There was a break above a bearish trend line with resistance at 0.5900 on the hourly chart of NZD/USD at FXOpen.

AUD/USD Technical Analysis

On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from 0.7100. The Aussie Dollar was able to clear 0.7100 to move into a positive zone against the US Dollar.

There was a break above a bearish trend line with resistance at 0.7190. There was a close above 0.7200 and the 50-hour simple moving average. Finally, the pair tested 0.7245. A high was formed near 0.7245 and the pair remains elevated for more gains.

On the downside, initial support is near the 23.6% Fib retracement level of the upward move from the 0.7135 swing low to the 0.7245 high at 0.7220. The next area of interest could be near 0.7190 and the 50% Fib retracement.

If there is a downside break below 0.7190, the pair could extend its decline toward the 0.7175 zone and the 50-hour simple moving average. Any more losses might signal a move toward 0.7135.

On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.7245. The first major hurdle for the bulls might be 0.7260. An upside break above 0.7260 might send the pair further higher. The next stop is near 0.7320. Any more gains could clear the path for a move toward 0.7350.

NZD/USD Technical Analysis

On the hourly chart of NZD/USD on FXOpen, the pair started a fresh increase from 0.5855. The New Zealand Dollar broke the 0.5875 barrier to start the recent rally against the US Dollar.

More importantly, there was a break above a bearish trend line with resistance at 0.5900. The pair settled above 0.5925 and the 50-hour simple moving average.

It tested 0.5945 and is currently showing signs of more gains. The NZD/USD chart suggests that the RSI is now just above 70. On the upside, the pair might struggle near 0.5945. The next major hurdle is near the 0.6000 pivot level.

A clear move above 0.6000 might even push the pair toward 0.6050. Any more gains might clear the path for a move toward the 0.6140 zone in the coming days.

On the downside, immediate support is near the 0.5925 level and the 23.6% Fib retracement level of the upward move from the 0.5856 swing low to the 0.5945 high.

The first key zone for the bulls sits at 0.5900 and the 50% Fib retracement. The next important level is 0.5875 and or 50-hour simple moving average. If there is a downside break below 0.5875, the pair might slide toward 0.5855. Any more losses could lead NZD/USD into a bearish zone to 0.5820.

European currencies are showing restrained movement, remaining in a range-bound phase following last week’s heightened volatility. Meetings of the Federal Reserve and the Bank of England, along with comments from policymakers, triggered sharp swings: EUR/USD and GBP/USD initially declined, followed by a rapid rise that pushed them beyond previous ranges. However, this move proved to be a false breakout, and the return of prices into prior corridors points to the formation of market equilibrium after the failed attempt to break higher.

The current fundamental backdrop remains neutral following a reassessment of expectations regarding future Federal Reserve policy. Geopolitical factors have temporarily faded from focus, while market participants have adopted a wait-and-see approach, assessing prospects in the absence of clear catalysts.

EUR/USD

EUR/USD continues to trade within the 1.1660–1.1750 range, holding between key support and resistance levels. The return into the previously broken corridor reinforces the importance of these boundaries, where a zone of balance and liquidity accumulation is forming. The base scenario remains continued sideways movement until a new fundamental driver emerges.

A sustained break above 1.1750 could open the way for a test of the important 1.1800 level. Conversely, a move below 1.1660 in the coming sessions may lead to a deeper downward correction.

Key events for EUR/USD:

• today at 10:15 (GMT+3): Spain services PMI
• today at 10:30 (GMT+3): speech by Bundesbank Vice President Buch
• today at 10:55 (GMT+3): Germany services PMI

GBP/USD

GBP/USD is forming a similar range structure, remaining within the 1.3500–1.3600 corridor after an unsuccessful attempt to break higher. The current price action reflects a balance between buyers and sellers amid the absence of a clear fundamental direction.

If buyers manage to secure a position above the upper boundary, the pair could revisit the recent high near 1.3660. A break below support at 1.3500 may trigger a decline towards 1.3460.

Key events for GBP/USD:

• today at 11:30 (GMT+3): UK services PMI
• today at 15:15 (GMT+3): US ADP non-farm employment change
• today at 20:00 (GMT+3): speech by Chicago Fed President Austan Goolsbee

Overall, the market is in a consolidation phase following a false breakout, forming a period of accumulation ahead of the next impulsive move. Upcoming macroeconomic data could act as a catalyst for a breakout from the range: depending on the outcome, this may lead either to renewed upward momentum or to a resumption of pressure on European currencies.

According to Santiment, in early May large holders acquired more than 140,000 ETH within 96 hours. This demand is forming against a backdrop of growing corporate interest in Ethereum as a reserve asset: Bitmine Immersion Technologies holds over 5 million ETH. At the same time, an opposing trend is emerging: total assets under management in ETH-focused ETPs and ETFs amount to around $16 billion; however, at the beginning of 2026 the ETF segment experienced a period of subdued activity, with interest only starting to recover by April (source: CoinLaw).

Technical Picture

On the daily chart, an extended downward structure is evident: since early October 2025, the price has been declining within a descending channel, reaching a culmination in early February 2026 near the $1,750 level. Vertical volume during this period showed peak values, signalling the exhaustion of selling pressure. This was followed by a rebound: the price broke above the upper boundary of the channel and, during subsequent trading, formed a horizontal volume zone in the $1,920–$2,240 range, where the bulk of transactions over the period was concentrated. The point of control (POC) of this volume zone lies around $2,050–$2,100.

The price is currently trading above this zone, indicating a shift in favour of buyers. Support at $1,800 coincides with the February low from which the reversal began. Above current levels lies a resistance area near $2,500 — a zone the price approached in April but failed to consolidate above the round level. The RSI + MAs indicator shows readings of 57, 54 and 54: the oscillator is positioned above neutral, while the moving averages remain broadly neutral.

Key Takeaways

The technical profile reflects a transition from a prolonged downtrend to a consolidation phase above the volume zone. Further movement will depend on whether corporate demand for ETH can provide a sufficient basis to sustain a move towards the resistance area.

In this video, we’ll explore the key economic events and market trends, shaping the financial landscape. Get ready for insights into financial markets to help you navigate the week ahead. Let’s dive in!

In this episode of Market Insights, Gary Thomson unpacks the strategic implications of the most critical events driving global markets.

👉 Key topics covered in this episode:

✔️  RBA Interest Rate Decision
The Reserve Bank of Australia will announce its rate decision on 5 May, with markets expecting another hike amid rising inflation. With price pressures still elevated and a third consecutive increase possible, both the decision and the press conference could drive volatility in the Australian dollar. Will the RBA signal more tightening?

✔️  Canada’s Unemployment Rate
Canada will release its labour market data on 8 May, with the unemployment rate previously holding steady at 6.7%. Despite stable figures, the Canadian dollar showed volatility, and markets will closely watch for any signs of weakness that could pressure the currency. Will unemployment remain stable, or rise and weigh on the Canadian dollar?

✔️  US NFP and Unemployment Rate
The US labour market report will also be released on 8 May and closely watched after strong job growth and a lower unemployment rate supported the dollar last time. With USD pairs reacting sharply to the previous release, another surprise in the data could trigger significant market moves. Will the data confirm continued strength, or shift expectations for the US dollar?

✔️  Earnings Reports
This week, attention turns to earnings from Advanced Micro Devices, offering insight into AI-driven demand. Its results could shape sentiment across tech markets and growth assets. Will strong earnings reinforce optimism in tech, or highlight emerging weaknesses in demand?

With several high-impact releases scheduled, short-term direction may depend less on the data itself and more on how it compares to expectations. Risk management and flexibility remain important for navigating the markets.

Gain insights to strengthen your trading knowledge.
💬 Don’t forget to like, comment, and subscribe for more market insights every week.

Watch it now and stay updated with FXOpen.

Gold price is consolidating above the $2,565 support zone. Crude oil is showing bearish signs and might decline below $96.50.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today

· Gold price started a recovery wave from $4,500 against the US Dollar.

· It cleared a key bearish trend line with resistance at $4,620 on the hourly chart of gold at FXOpen.

· Crude oil prices failed to clear the $108 region and started a fresh decline.

· There is a connecting bearish trend line forming with resistance at $100.45 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price found bids near the $4,500 zone. The price remained in a bullish zone and started a recovery wave above $4,550.

There was a decent move above the 50-hour simple moving average and $4,600. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $4,740 swing high to the $4,510 low.

Besides, the price cleared a key bearish trend line with resistance at $4,620. Immediate hurdle is near the 61.8% Fib retracement at $4,650.

The next key breakout level sits at $4,700. An upside break above $4,700 could send Gold price toward $4,740. Any more gains may perhaps set the pace for an increase toward $4,850.

Initial bid zone on the downside could be $4,600. The first major buy zone sits at $4,565. If there is a downside break below $4,565, the price might decline further. In the stated case, the price might drop toward $4,510. Any more losses might push the price toward the $4,420 level.

WTI Crude Oil Price Technical Analysis

On the hourly chart of WTI Crude Oil at FXOpen, the price struggled to clear the $108 barrier against the US Dollar. The price started a fresh decline below $105.

The price even dipped below $100 and the 50-hour simple moving average. The bulls are now active near $96.00. A low was formed at $96.04, and the price is now consolidating losses. If there is a fresh increase, it could face sellers near the 23.6% Fib retracement level of the downward move from the $107.62 swing high to the $96.04 low.

The first major hurdle for the bulls could be near a connecting bearish trend line at $100.45, above which the price could rise and test the 61.8% Fib retracement level at $103.20.

Any more gains might send the price toward $105.65. The main breakout zone sits at $108. Conversely, the price might continue to move down and revisit $96.00. The next major pivot zone on the WTI crude oil chart is $92.00.

If there is a downside break, the price might decline toward $90.00. Any more losses may perhaps open the doors for a move toward the $86.50 support zone.

EUR/USD started a fresh increase above 1.1700 and 1.1720. USD/CHF declined further and is now struggling below 0.7835.

Important Takeaways for EUR/USD and USD/CHF Analysis Today

· The Euro started a decent increase from 1.1650 against the US Dollar.

· There was a break above a bearish trend line with resistance at 1.1685 on the hourly chart of EUR/USD at FXOpen.

· USD/CHF declined below the 0.7865 and 0.7850 support levels.

· There was a break below a bullish trend line with support at 0.7910 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from the 1.1650 zone. The Euro cleared the 1.1700 barrier to move into a bullish zone against the US Dollar.

There was a break above a bearish trend line with resistance at 1.1685. The bulls pushed the pair above the 50-hour simple moving average and 1.1720. Finally, the pair cleared 1.1735. A high was formed near 1.1740 and the pair is now consolidating gains.

An Immediate bid zone on the downside is near the 23.6% Fib retracement level of the upward wave from the 1.1655 swing low to the 1.1740 high at 1.1720.

The next area of interest could be near 1.1700, the 50% Fib retracement level, and the 50-hour simple moving average. A downside break below 1.1700 might send the pair toward 1.1675. Any more losses might send the pair into a bearish zone toward 1.1650.

If there is a fresh increase, an immediate hurdle on the EUR/USD chart is 1.1750. The first major pivot level for the bulls could be 1.1755. An upside break above 1.1755 might send the pair to 1.1800. The next selling zone could be 1.1850. Any more gains might open the doors for a move toward 1.1920.

USD/CHF Technical Analysis

On the hourly chart of USD/CHF at FXOpen, the pair started a fresh decline from well above 0.7900. The US Dollar dropped below 0.7880 to move into a negative zone against the Swiss Franc.

There was a break below a bullish trend line with support at 0.7910. The bears pushed the pair below the 50-hour simple moving average and 0.7850. Finally, the bulls appeared near 0.7800. A low was formed near 0.7805, and the pair is now consolidating losses.

On the upside, the pair could face bears near the 23.6% Fib retracement level of the downward move from the 0.7925 swing high to the 0.7805 low at 0.7835.

The first major resistance sits near the 50% Fib retracement level at 0.7865. The main barrier for an upside break could be near the 50-hour simple moving average at 0.7880. A daily close above 0.7880 could start a fresh increase. In the stated case, the pair could rise toward 0.7925. The next stop for the bulls might be 0.7965.

On the downside, immediate support on the USD/CHF chart is 0.7805. The first major breakdown zone could be 0.7780. A close below 0.7780 might send the pair to 0.7750. Any more losses may possibly open the doors for a move toward 0.7700 in the coming days.

On 30 April, after the market close, Apple Inc. will release its financial results for the second quarter of fiscal 2026. The consensus forecast, based on estimates from 31 analysts, points to revenue of around $109.7 billion, with expected EPS of approximately $1.95. The first quarter set a high benchmark: revenue reached a record $143.8 billion, up 16% year-on-year, while EPS came in at $2.84. However, investors are focusing less on the headline figures and more on management’s outlook. The market is looking for confirmation of a strong iPhone cycle, continued growth in services, as well as signals regarding China and the company’s AI strategy. Additional uncertainty stems from trade policy: new Section 301 investigations into Chinese manufacturing continue to weigh on the company’s supply chain, while rising memory costs are increasingly acting as a headwind to growth.

Technical picture

On the 4-hour chart, a broad sideways range has been in place since October last year. Strong resistance within this range is located around $280, which coincides with the February high and has repeatedly capped price advances. The lower boundary is established near $245, a level that has also seen multiple reversals. The horizontal volume balance zone spans $248–$264, with the point of control around $254–$255. The current price, near $270, is trading above this zone — in an area of lower trading activity where price movements tend to be less stable.

The vertical volume on 7 April stands out across the entire profile — this is when the price rebounded from the lower boundary of the range and, following a gap, began its recovery. The RSI + MAs indicator shows readings of 56, 58 and 57: the oscillator is positioned below both moving averages, indicating continued moderate upward pressure without signs of overheating.

Key Takeaways

The stock approaches its earnings release in a technically mixed position: the price has moved beyond the high-volume zone, while a significant gap remains before the $280 resistance level. The tone of management guidance — particularly regarding margins and China — is likely to determine whether the current momentum can be sustained or whether the price returns to the area of higher trading density.

The US dollar continues to trend upwards following the Federal Reserve meeting, drawing support from the regulator’s moderately hawkish stance and comments by Jerome Powell. Markets interpret the Fed’s rhetoric as a signal that restrictive policy is likely to remain in place for longer, supporting higher yields and sustaining demand for dollar liquidity.

Another factor is the anticipation of upcoming US macroeconomic releases, which could act as a trigger to confirm the current trend. Market participants remain cautious, assessing the outlook for inflation and overall economic conditions. This is keeping the dollar close to recent highs and creating conditions for further directional movement.

USD/JPY

The USD/JPY pair has tested its high for the current year, underlining the continued strength of the dollar in the present market phase. The move is supported by monetary policy divergence, with the Federal Reserve maintaining a tighter stance while the Bank of Japan continues to adhere to a more accommodative approach.

In the short term, two scenarios are possible. If positive expectations for the US economy persist and there are no signs of policy easing from the Fed, the pair may extend its advance towards the 2024 highs near 162.00. On the other hand, profit-taking and caution ahead of key data releases could trigger a local correction, pulling the pair back towards the 159.60–160.00 range.

Key events for USD/JPY:

• today at 15:30 (GMT+3): US GDP;
• today at 15:30 (GMT+3): US core personal consumption expenditures (PCE) price index;
• tomorrow at 02:30 (GMT+3): Tokyo core consumer price index (CPI), Japan.

USD/CHF

The USD/CHF pair is shifting into a corrective rebound after its previous decline, supported by the strengthening dollar. Technical analysis suggests potential growth towards 0.7940–0.7960, as a V-shaped reversal pattern has formed on the daily timeframe. However, if the pair settles below 0.7900, the downward movement may resume.

Key events for USD/CHF:

• today at 10:00 (GMT+3): Switzerland’s KOF leading economic indicator;
• today at 17:00 (GMT+3): Atlanta Fed GDPNow estimate;
• today at 23:30 (GMT+3): US Federal Reserve balance sheet.

Overall, the dollar remains in an upward phase, though its дальнейшая trajectory will depend on a combination of Fed signals and incoming data. The market is considering both the continuation of US dollar strength and the possibility of a short-term correction from current levels. The reaction to macroeconomic data will be decisive in confirming either scenario.