Copper price remains affected by stochastic negativity, attempting to reach below $5.9700 to increase the chances of activating the temporary bearish corrective trend, to reach $5.8900 followed by $5.8200 level, which represents a new extra support against the current trading.
Forming a strong obstacle at $6.1200 level against the bullish attempts will increase the chances of forming negative attempts, to keep waiting to reach the previously suggested stations, to monitor its behavior to confirm the suggested trend in the upcoming trading.
The expected trading range for today is between $5.8200 and $6.0500
2026.04.24 2026.04.24 GBP/USD: Elliott Wave Analysis and Forecast for 24.04.26–01.05.26
Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/
The article covers the following subjects:
Major Takeaways
Main scenario: Consider long positions from corrections above the level of 1.3165 with a target of 1.3870–1.4300. A buy signal: the price holds above 1.3165. Stop Loss: below 1.3125, Take Profit: 1.3870–1.4300.
Alternative scenario: Breakout and consolidation below 1.3165 will allow the pair to continue declining to the levels of 1.2936–1.2736. A sell signal: the 1.3165 level is broken to the downside. Stop Loss: above 1.3205, Take Profit: 1.2936–1.2736.
Main Scenario
Consider long positions above the level of 1.3165 with a target of 1.3870–1.4300 once the correction ends.
Alternative Scenario
Breakout and consolidation below 1.3165 will allow the pair to continue declining to the levels of 1.2936–1.2736.
Analysis
On the weekly timeframe, an ascending wave of larger degree (A) of B is developing. Within it, wave 1 of (A) has formed, and a downward correction has been completed as wave 2 of (A). The third wave 3 of (A) appears to continue forming on the daily chart, with wave iii of 3 developing as its part. On the H4 timeframe, the third wave of smaller degree (iii) of iii has presumably started to form, within which wave i of (iii) has formed and a local correction ii of (iii) is developing. If the presumption is correct, GBP/USD will continue to rise to the levels of 1.3870–1.4300 after the correction ends. The level of 1.3165 is critical in this scenario as a breakout below it will enable the pair to continue declining to the levels of 1.2936–1.2736.
This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.
Price chart of GBPUSD in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance broker. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2014/65/EU.
According to copyright law, this article is considered intellectual property, which includes a prohibition on copying and distributing it without consent.
The domestic coffee market this morning, April 24, recorded very strong growth momentum, helping the soybean kernel price approach the important milestone of 9,000 VND/kg. According to actual surveys, the average purchase price throughout the Central Highlands region has increased by 1,500 VND/kg, bringing the price level to the threshold of 89,400 VND/kg.
In Dak Nong province (old), coffee prices are trading at the highest level in the region at 89,500 VND/kg. Dak Lak and Gia Lai provinces both maintain stable prices at 89,300 VND/kg, while Lam Dong region is listed at 88,700 VND/kg. This is the second consecutive increase session in the week, reflecting the heat from the world futures market that is directly affecting domestic trading sentiment.
World coffee prices
In the international market, both the London and New York exchanges recorded strong breakthrough sessions, reaching the highest level in the past 4 weeks. Specifically, Robusta prices on the London exchange for July delivery jumped 103 USD, equivalent to 3.03%, closing at 3,507 USD/ton.
On the New York exchange, the price of Arabica for July delivery also exploded when it increased by another 11.20 cents, equivalent to 3.87%, officially exceeding the 300.35 cent/lb mark. The main driving force pushing prices up is deep concerns about the prolonged closure of the Strait of Hormuz due to geopolitical tensions. The paralysis of this vital sea route not only increases transportation and insurance costs but also pushes up fertilizer and fuel prices, directly putting pressure on the input costs of roasters.
Coffee price assessment
Coupled with geopolitical factors, the strength of the Brazilian Real also played a key role when it rose to its highest level in 2 years against the USD. The strengthening domestic currency has caused manufacturers in Brazil to limit export sales to wait for better prices.
In addition, the actual shortage of Robusta supply is becoming serious as inventories on the ICE exchange continue to fall to the lowest level in the past 16 months. In terms of weather, a report from Minas Gerais of Brazil shows that rainfall last week only reached 4.2 mm, equivalent to 20% of the historical average, this factor is directly threatening crop yields and promoting the buying wave of hedge funds.
However, the market still faced some resistance from record surplus forecasts from international organizations. Marex Group and StoneX still maintained their assessment of a “super bumper” harvest in Brazil next crop with output possibly reaching 75.9 million bags.
At the same time, Vietnam’s Q1 export data increased by 14% to 585,000 tons, showing that the supply of goods from the world’s number one Robusta producer is still being maintained well. It is forecasted that in the coming sessions, coffee prices will continue to fluctuate strongly when approaching the 9,000 VND/kg zone.
Domestic coffee prices may change depending on the region and product quality at the time of transaction.
The British pound finds itself recovering as we are at the 1.35 level again. This is a market that has been a bit more positive in general over the last year and a half or so than many others against the US dollar. So, not a surprise if we’re seeing the Euro bounce that we’re seeing the pound bounce.
I still see a lot of noise just above though, and I think that even if we were to see this market rally from here to the 1.36 level, I don’t think it’s going to be easy. I don’t necessarily want to short this market, at least not yet, but signs of exhaustion could have me interested.
2026.04.24 2026.04.24 WTI Crude Oil: Elliott Wave Analysis and Forecast for 24.04.26–01.05.26
Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/
The article covers the following subjects:
Major Takeaways
Main scenario: Consider long positions from corrections above 79.20 with a target of 115.70–126.00. A buy signal: the price holds above 79.20. Stop Loss: below 77.50, Take Profit: 115.70–126.00.
Alternative scenario: Breakout and consolidation below 79.20 will allow the asset to continue declining to the levels of 65.00–53.25. A sell signal: the level of 79.20 is broken to the downside. Stop Loss: above 80.80, Take Profit: 65.00–53.25.
Main Scenario
Consider long positions from corrections above 79.20 with a target of 115.70–126.00.
Alternative Scenario
Breakout and consolidation below 79.20 will allow the asset to continue declining to the levels of 65.00–53.25.
Analysis
A descending correction appears to have formed as the second wave of larger degree (2) on the weekly chart, with wave C of (2) completed as its part. On the daily timeframe, the ascending third wave (3) has started unfolding, with the first wave of smaller degree 1 of (3) still developing as its part. On the H4 chart, wave iii of 1 has likely formed, a local correction iv of 1 has been completed, and wave v of 1 has started unfolding. If the presumption is correct, WTI will continue to rise to the levels of 115.70–126.00. The level of 79.20 is critical in this scenario as a breakout below it will enable the asset to continue declining to the levels of 65.00–53.25.
This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.
Price chart of USCRUDE in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance broker. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2014/65/EU.
According to copyright law, this article is considered intellectual property, which includes a prohibition on copying and distributing it without consent.
2026.04.24 2026.04.24 EUR/USD: Elliott Wave Analysis and Forecast for 24.04.26–01.05.26
Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/
The article covers the following subjects:
Major Takeaways
Main scenario: Consider long positions from corrections above 1.1445 with a target of 1.2088–1.2400. A buy signal: the price holds above 1.1445. Stop Loss: below 1.1405, Take Profit: 1.2088–1.2400.
Alternative scenario: Breakout and consolidation below 1.1445 will allow the pair to continue declining to the levels of 1.1185–1.1000. A sell signal: the 1.1445 level is broken to the downside. Stop Loss: above 1.1485, Take Profit: 1.1185–1.1000.
Main Scenario
Consider long positions above the level of 1.1445 with a target of 1.2088–1.2400 once the correction ends.
Alternative Scenario
Breakout and consolidation below 1.1445 will allow the pair to continue declining to the levels of 1.1185–1.1000.
Analysis
On the weekly timeframe, an ascending wave of larger degree B is developing, with wave (A) of B forming as its part. On the daily timeframe, the third wave 3 of (A) is apparently unfolding. Within it, wave i of 3 has formed, corrective wave ii of 3 has been completed, and wave iii of 3 has started developing. The first wave of smaller degree (i) of iii is forming on the H4 chart. As its parts, wave iii of (i) has been completed, and a local correction iv of (i) is nearing completion. If the presumption is correct, EUR/USD will continue to rise to the levels of 1.2088–1.2400 after the correction ends. The level of 1.1445 is critical in this scenario. A breakout below it will allow the pair to continue falling to the levels of 1.1185–1.1000.
This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.
Price chart of EURUSD in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance broker. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2014/65/EU.
According to copyright law, this article is considered intellectual property, which includes a prohibition on copying and distributing it without consent.
Gold is testing the $4,700 level early Friday, holding at its weakest level in over a week and eyeing the first weekly drop in five weeks.
Gold: Fresh downside opening up before the Fed?
Gold witnesses a down week as bears tighten their grip, following rejection at higher levels on several occasions.
The primary reason behind Gold’s renewed downside is the solid recovery in the US Dollar (USD), as the Greenback looks to snap two consecutive weeks of decline.
Robust Retail Sales and preliminary business PMI data from the United States (US) pushed back against expectations of at least one interest rate cut by the Federal Reserve (Fed) this year, boosting the USD at the expense of the bright metal.
The Greenback also capitalized on resurgent haven demand as Oil prices regained traction amid the US-Iran stalemate on peace talks and the Strait of Hormuz, rekindling fears over pervasive inflation.
In the latest news, US military officials are developing new plans to target Iran’s capabilities in the Strait of Hormuz in the event the current ceasefire with Iran fails, per CNN News.
Meanwhile, Israeli Ambassador to the United Nations (UN) Danny Danon told CNN that the Lebanon ceasefire extension is “not 100%,” warning that Hezbollah is firing rockets to sabotage the truce.
This came after US President Donald Trump announced via Truth Social late Thursday that the Israel-Lebanon ceasefire was extended by three weeks, following the talks in Washington.
Going forward, Gold could continue to face heat from sustained USD demand and uncertainty around the Middle East conflict.
Nonetheless, a brief rebound cannot be ruled out, as investors might resort to repositioning their recent trades heading into next week’s Fed monetary policy meeting.
Gold price technical analysis: Daily chart
In the daily chart, XAU/USD trades at $4,676.24, keeping a bearish near-term tone as spot holds under the short- and medium-term simple moving averages. The 21-day simple moving average (SMA) at roughly $4,701 and the 100-day SMA near $4,741 sit overhead as immediate dynamic resistance, reinforced by the broader descending trend-line that continues to cap rebounds. Momentum is lacklustre, with the Relative Strength Index (14) hovering around 44, which suggests downside pressure is present but not yet stretched.
On the topside, initial resistance is seen at the 21-day SMA around $4,701, followed by the 100-day SMA near $4,741, where the upper boundary of a falling wedge aligns. Meanwhile, a more meaningful barrier emerges at the 50-day SMA close to $4,870 if bulls manage a stronger recovery. On the downside, the first layer of support comes from the higher rising trend-line around $4,589, ahead of the lower ascending support zone near $4,383; a sustained break below these trend supports would expose the more distant 200-day SMA, now providing structural backing around $4,250.
(The technical analysis of this story was written with the help of an AI tool.)
Economic Indicator
Fed Interest Rate Decision
The Federal Reserve (Fed) deliberates on monetary policy and makes a decision on interest rates at eight pre-scheduled meetings per year. It has two mandates: to keep inflation at 2%, and to maintain full employment. Its main tool for achieving this is by setting interest rates – both at which it lends to banks and banks lend to each other. If it decides to hike rates, the US Dollar (USD) tends to strengthen as it attracts more foreign capital inflows. If it cuts rates, it tends to weaken the USD as capital drains out to countries offering higher returns. If rates are left unchanged, attention turns to the tone of the Federal Open Market Committee (FOMC) statement, and whether it is hawkish (expectant of higher future interest rates), or dovish (expectant of lower future rates).
Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates.
When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money.
When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback.
The Federal Reserve (Fed) holds eight policy meetings a year, where the Federal Open Market Committee (FOMC) assesses economic conditions and makes monetary policy decisions.
The FOMC is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis.
In extreme situations, the Federal Reserve may resort to a policy named Quantitative Easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system.
It is a non-standard policy measure used during crises or when inflation is extremely low. It was the Fed’s weapon of choice during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy high grade bonds from financial institutions. QE usually weakens the US Dollar.
Quantitative tightening (QT) is the reverse process of QE, whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing, to purchase new bonds. It is usually positive for the value of the US Dollar.
GBP/JPY advance stalled around 215.70 on Thursday, retreating to 215.00 as risk appetite deteriorated amid Middle East headlines, leaving traders uncertain about the conflict’s outcome. The cross trades at 215.06 at the time of writing.
GBP/JPY Price Forecast: Technical Outlook
The GBP/JPY pair is consolidating for the second straight day, suggesting that further gains are off the table, with the psychological 216.00 level not yet tested. Worth noting that every upside move towards the latter was rejected, with the 214.00 figure capping downward moves.
Momentum is bullish, as depicted by the Relative Strength Index (RSI), though moving gradually towards its 50 neutral level.
If GBP/JPY closes daily below 215.00, the potential to test the April 17 swing low of 214.00 increases. On further weakness, the next support would be the 20-day Simple Moving Average (SMA) at 213.35, followed by the 50-day SMA at 211.98.
On the other hand, if GBP/JPY registers a new yearly high above 215.91, the chance of clearing 216.00 increases.
GBP/JPY Price Chart – Daily
GBP/JPY daily chart
Japanese Yen Price This week
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies this week. Japanese Yen was the strongest against the Swiss Franc.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
0.50%
0.17%
0.59%
0.09%
-0.05%
0.15%
0.64%
EUR
-0.50%
-0.32%
0.07%
-0.39%
-0.52%
-0.39%
0.14%
GBP
-0.17%
0.32%
0.41%
-0.06%
-0.19%
-0.06%
0.47%
JPY
-0.59%
-0.07%
-0.41%
-0.51%
-0.58%
-0.45%
0.07%
CAD
-0.09%
0.39%
0.06%
0.51%
-0.03%
0.05%
0.53%
AUD
0.05%
0.52%
0.19%
0.58%
0.03%
0.20%
0.70%
NZD
-0.15%
0.39%
0.06%
0.45%
-0.05%
-0.20%
0.50%
CHF
-0.64%
-0.14%
-0.47%
-0.07%
-0.53%
-0.70%
-0.50%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
Financial markets turned risk-averse amid decreased hopes for a US-Iran deal.
Israel reported that Iran’s top negotiator resigned from the negotiating team.
XAG/USD gains downward traction, faces critical support at $74.61.
Silver came under selling pressure in the second half of Thursday, as risk aversion fueled US Dollar (USD) demand. Financial markets have struggled for direction since the week started, in the hope that the United States (US) and Iran would find common ground to reach a deal that would end the Middle East war.
Enthusiasm, however, faded as days went by, as representatives from both sides missed the date in Islamabad on Wednesday. US President Donald Trump announced the US would maintain the ceasefire, although Tehran won’t. Both countries continue to block the Strait of Hormuz, with skirmishes taking place in the area.
The sentiment finally took a turn for the worse on Thursday, on news coming from Israel indicating that Iran’s Parliament Speaker Ghalibaf has resigned from the negotiating team, erasing any chance of a deal in the foreseeable future. The headline still needs confirmation, but its impact through financial boards is clear.
Whether the situation will escalate remains to be seen. What’s certain is that Crude Oil prices jumped with the headlines, reflecting the market’s idea of no deal at sight and more pain ahead.
XAG/USD short-term technical outlook
The case for additional XAG/USD is firmer after the pair retreated from the 61.8% Fibonacci retracement of the daily slump measured between $96.62 and $61.01 at $83.02. Even further, the pair is currently pressuring the 38.2% retracement at $74.61, and a clear break below the level should open the door for a continued slide toward the base of the range at $61.
In the four-hour chart, XAG/USD trades with a bearish tone as price holds below the 20-, 100-, and 200-period Simple Moving Averages (SMAs), which all act as layered resistance and reinforce a bearish near-term bias. The Relative Strength Index (RSI) indicator turned lower around 37 but lacks directional strength, still skewing the risk to the downside. At the same time, the Momentum indicator holds directionless below its midline, suggesting that sellers retain control, though conditions are not yet oversold enough to suggest imminent exhaustion.
(The technical analysis of this story was written with the help of an AI tool.)
(This story was corrected on April 24 at 00:30 GMT in fifth paragraph to say XAG/USD instead of XAU/USD.)
EUR/JPY inches higher after three days of gains, trading around 186.60 during Asian hours on Friday. The technical analysis of the daily chart indicates the currency cross is positioned slightly below the ascending channel, signaling potential for a bearish reversal.
However, the EUR/JPY cross holds a constructive bullish bias as it remains above the 50-day Exponential Moving Average (EMA) while facing immediate friction at the nine-day EMA.
Additionally, the 14-day Relative Strength Index sits around 58, comfortably above the midline yet below overbought territory, which suggests positive but not overstretched momentum that could favor further upside as long as the EUR/JPY cross holds over the underlying average.
The EUR/JPY cross is testing the immediate barrier at the nine-day EMA of 186.69. A rebound back to the ascending channel would reinforce the bullish bias and support the EUR/JPY cross to test the all-time high of 187.95, which was recorded on April 17. Further advances above this level would support the currency cross to explore the region around the upper boundary of the channel, around 189.40.
On the downside, further declines would put downward pressure on the EUR/JPY cross to navigate the region around the 50-day EMA at 184.86.
EUR/JPY: Daily Chart
(The technical analysis of this story was written with the help of an AI tool.)
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
0.09%
0.10%
0.05%
0.10%
0.17%
0.21%
0.12%
EUR
-0.09%
0.00%
0.00%
0.00%
0.08%
0.12%
0.04%
GBP
-0.10%
-0.01%
-2.13%
0.02%
0.08%
0.12%
0.02%
JPY
-0.05%
0.00%
2.13%
0.03%
0.10%
0.14%
0.03%
CAD
-0.10%
0.00%
-0.02%
-0.03%
0.06%
0.10%
0.02%
AUD
-0.17%
-0.08%
-0.08%
-0.10%
-0.06%
0.04%
-0.07%
NZD
-0.21%
-0.12%
-0.12%
-0.14%
-0.10%
-0.04%
-0.09%
CHF
-0.12%
-0.04%
-0.02%
-0.03%
-0.02%
0.07%
0.09%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
