Trading Recommendations for the Cryptocurrency Market on April 16

Intraday Trading Strategies for Beginner Traders on April 16

After a powerful shorting initiative during the American session, the instrument has transitioned to a long correction and is currently testing the short breakdown zone from which the short trend may continue.

After a powerful shorting initiative yesterday, the instrument has transitioned to a long correction and is currently testing the short breakdown zone from which the short trend may resume.

There are a few macroeconomic reports scheduled for Thursday. The most interesting will be released in the UK

The GBP/USD pair traded with minimal volatility on Wednesday, as if it simply took a one-day pause

The EUR/USD currency pair showed no notable movements on Wednesday but resumed its upward trajectory by the end of the day, even without a correction

The GBP/USD currency pair, like the EUR/USD pair, was unable to extend its upward movement on Wednesday, as it tested the Senkou Span B line on the daily timeframe

The EUR/USD currency pair failed to extend its upward move on Wednesday, raising alarms among many experts

The GBP/USD currency pair minimally corrected towards the nearest support area on Wednesday