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18
04, 2026
Copper Price Forecast: Bullish Medium-Term Outlook As Supply Tightens, Says Commerzbank
18
04, 2026
18
04, 2026
The GBPJPY repeats the sideways fluctuation– Forecast today – 17-4-2026
Copper price began its trading by losing the bullish momentum due to stochastic attempt to end the bullish rally, to settle again near $5.9700 level, which formed strong barrier in the previous trading.
The stability above $5.9700 supports the chances of gathering the required extra positive momentum to motivate the bullish rally that might target $6.1550 and $6.2500, while the decline below it might force it to provide temporary trading, to target $5.8100 before reaching the additional positive targets.
The expected trading range for today is between $5.9100 and $6.1550
Trend forecast: Fluctuated
18
04, 2026
Silver Price Forecast: XAG/USD surges as Oil falls, Fed cuts eyed
Silver (XAG/USD) surges on Friday, trading around $82.60 at the time of writing, up 5.40% on the day as the US Dollar (USD) weakens and markets reassess the outlook for United States (US) monetary policy.
The rally in the precious metal comes as geopolitical tensions in the Middle East show signs of easing. Iran’s Foreign Minister Abbas Araghchi announced that the Strait of Hormuz has been declared completely open for commercial vessels during the current ceasefire period. The announcement marks a significant de-escalation after weeks of tensions around one of the world’s most strategic shipping routes.
Following the news, Oil prices dropped sharply as supply disruption fears faded. West Texas Intermediate (WTI) fell to around $80 per barrel, marking one of its steepest daily declines in recent weeks. The reopening of the strait is expected to restore more stable flows of Crude shipments through the Gulf, removing part of the geopolitical risk premium embedded in energy prices.
The decline in Oil prices is easing immediate inflation concerns and prompting investors to reassess the trajectory of the US monetary policy. Lower energy prices reduce pressure on consumer prices and increase the likelihood that the Federal Reserve (Fed) could deliver interest rate cuts later this year.
Markets are now pricing 38.2% chance of a 25-basis-point rate cut by year-end, up from 25.9% the previous day, according to the CME Fedwatch tool. Lower interest rates tend to support non-yielding assets such as precious metals, as they reduce the opportunity cost of holding them.
At the same time, the US Dollar remains under pressure. The US Dollar Index (DXY), which measures the Greenback against a basket of six major currencies, is trading near multi-week lows around 97.80. The softer USD is making Silver more attractive for international investors and reinforcing the metal’s upward momentum.
Despite improving global risk sentiment following the diplomatic developments, the weakening US Dollar and renewed expectations of monetary easing are providing strong support for precious metals. Investors will now closely monitor developments around potential US-Iran negotiations over the weekend, as well as upcoming comments from Fed officials ahead of the blackout period preceding the next Federal Open Market Committee (FOMC) meeting.
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
18
04, 2026
GBP/USD Forecast: Critical 50% Fibonacci Retracement at 1.3500 Emerges as Pivotal Support Zone
BitcoinWorld
GBP/USD Forecast: Critical 50% Fibonacci Retracement at 1.3500 Emerges as Pivotal Support Zone
LONDON, March 2025 – The GBP/USD currency pair, commonly known as ‘Cable,’ is currently navigating a critical technical juncture as the 50% Fibonacci retracement level near the 1.3500 handle solidifies into a formidable support zone. This development follows a period of heightened volatility driven by shifting monetary policy expectations and geopolitical developments. Consequently, market participants are closely monitoring this price region for signals that will dictate the pair’s medium-term trajectory. This analysis provides a comprehensive examination of the technical landscape, fundamental drivers, and historical context surrounding this pivotal level.
GBP/USD Forecast: Decoding the Fibonacci Framework
Technical analysts utilize Fibonacci retracement levels to identify potential support and resistance areas following a significant price move. The tool draws horizontal lines at key percentages of the prior trend’s range. For GBP/USD, traders have applied the Fibonacci retracement to the notable decline from the July 2024 high near 1.4200 to the October 2024 low around 1.2800. The resulting 50% retracement level sits precisely at 1.3500, a major psychological and technical benchmark.
Market behavior around these levels often provides critical insights. Recently, the pair has tested the 1.3500 region on multiple occasions, with each test resulting in a bounce or consolidation. This repeated interaction confirms the zone’s significance. Furthermore, the 38.2% and 61.8% Fibonacci levels at 1.3310 and 1.3690, respectively, act as secondary support and resistance markers, framing the current trading range.
- Key Fibonacci Levels: 38.2% (1.3310), 50% (1.3500), 61.8% (1.3690).
- Psychological Level: The 1.3500 handle represents a major round number.
- Confluence: This area aligns with a previous resistance-turned-support zone from Q1 2024.
Fundamental Backdrop Influencing Cable’s Trajectory
The technical setup exists within a complex fundamental environment. On the British pound side, the Bank of England’s (BoE) ongoing balancing act between persistent services inflation and a weakening labor market continues to create uncertainty. Market pricing suggests a slower pace of rate cuts compared to the Federal Reserve, providing a relative yield support for sterling. However, concerns over UK economic growth and fiscal sustainability present headwinds.
Conversely, the US dollar’s direction hinges on Federal Reserve policy and broader risk sentiment. Recent softer inflation prints have reinforced expectations for an impending Fed easing cycle, which typically weighs on the dollar. Nonetheless, its status as a global safe-haven currency can trigger inflows during periods of geopolitical stress, as witnessed in early 2025. This fundamental tug-of-war directly impacts the GBP/USD equilibrium.
Expert Analysis and Market Sentiment Indicators
Institutional research desks have published varied outlooks. For instance, analysts at major banks note that a sustained hold above the 1.3500 Fibonacci support could open a path toward testing the 1.3690 (61.8% retracement) resistance. A breakdown, however, would target the 1.3310 level and potentially challenge the 2024 lows. Commitment of Traders (COT) reports from the CFTC show that leveraged funds have recently reduced net short positions on GBP, indicating a less pessimistic stance.
Option market dynamics also offer clues. The concentration of option expiries and heightened implied volatility around the 1.3500 strike price often acts as a ‘gravitational pull’ for the spot price in the days leading to expiry. This phenomenon, known as ‘pinning,’ can temporarily amplify support or resistance effects at these technical levels.
Historical Precedents and Comparative Analysis
Examining past behavior provides context for current price action. Historically, the 50% Fibonacci retracement has served as a reliable pivot point for GBP/USD across multiple market cycles. For example, during the post-Brexit vote recovery in 2017, the 50% retracement of the 2014-2016 decline acted as a sturdy platform for a multi-month consolidation before a further rally ensued.
A comparative analysis with other major currency pairs reveals similar patterns. The EUR/USD pair, for instance, recently respected its own 50% Fibonacci level during the 2023-2024 cycle, demonstrating the broad applicability of this technical tool in forex markets. The table below summarizes key technical indicators for GBP/USD as of March 2025:
| Indicator | Level | Signal |
|---|---|---|
| 50-Day Moving Average | 1.3475 | Dynamic Support |
| 200-Day Moving Average | 1.3380 | Long-Term Trend |
| RSI (14-day) | 48 | Neutral |
| Key Fibonacci Support | 1.3500 (50%) | Primary Zone |
Conclusion
The GBP/USD forecast remains tightly linked to the integrity of the 50% Fibonacci retracement support near 1.3500. This zone represents a confluence of technical significance, psychological importance, and current market positioning. While fundamental factors from both the UK and US will ultimately drive the long-term trend, the price action around this 1.3500 handle will likely serve as a critical barometer for trader sentiment and risk appetite in the forex market. A decisive break, either above the 1.3690 resistance or below the 1.3310 support, will be required to establish the next sustained directional move for Cable.
FAQs
Q1: What is a Fibonacci retracement level in forex trading?
A Fibonacci retracement is a technical analysis tool that identifies potential support and resistance levels based on key ratios derived from the Fibonacci sequence. Traders apply it to a prior significant price swing to forecast where pullbacks might find support or face resistance.
Q2: Why is the 1.3500 level specifically important for GBP/USD?
The 1.3500 level is important because it represents the exact 50% retracement of the pair’s 2024 decline, acts as a major psychological round number, and coincides with a previous price structure from early 2024, creating a strong zone of technical confluence.
Q3: What fundamental factors could cause GBP/USD to break below 1.3500 support?
A more aggressive than expected shift to dovish policy by the Bank of England, a significant weakening of UK economic data, a surge in safe-haven demand for the US dollar due to geopolitical risk, or a more hawkish recalibration of Federal Reserve policy could all pressure the pair below this support.
Q4: How do traders use the 50% Fibonacci level in their strategies?
Traders may look for bullish reversal patterns or oversold signals when the price approaches the 50% level from above, using it as a potential entry zone for long positions with a stop loss placed below the next Fibonacci level (e.g., 61.8%). Conversely, a break below it may be used as a signal for short positions.
Q5: What are the next key technical levels if GBP/USD holds above 1.3500?
If the pair holds the 1.3500 support, the immediate upside resistance to watch is the 61.8% Fibonacci retracement near 1.3690. Beyond that, the 1.3800 psychological level and the 2024 high near 1.4200 would become longer-term targets for a bullish scenario.
This post GBP/USD Forecast: Critical 50% Fibonacci Retracement at 1.3500 Emerges as Pivotal Support Zone first appeared on BitcoinWorld.
17
04, 2026
Natural gas price repeats the pressure on the support– Forecast today – 16-4-2026
The GBPJPY pair forced it to provide sideways trading by its stability near 215.50 level, affected by stochastic exit from the overbought levels, the price might be forced to provide some bearish corrective trading, however it couldn’t affect the main bullish track, depending on forming extra support level at 214.15 level.
Therefore, we will keep our main bullish scenario, to gather extra positive momentum, to ease the mission of reaching extra positive stations that might begin at 216.20 and 217.00.
The expected trading range for today is between 214.55 and 216.20
Trend forecast: Bullish
17
04, 2026
Forecast update for EURUSD -17-04-2026.
The GBPJPY pair needs positive momentum until this moment, forcing it to form weak sideways trading by its stability near 215.40, note that the stability of the trading above the initial support at 214.15 in the current period, to confirm the continuation of the positivity, which might target 216.20 level reaching 217.00.
While facing negative pressure and reaching below 214.15 will push it to activate the bearish corrective track, to expect suffering several losses by reaching 213.60 and 213.30.
The expected trading range for today is between 214.55 and 216.20
Trend forecast: Bullish
17
04, 2026
Platinum price provides temporary sideways trading– Forecast today – 17-4-2026
Copper price began its trading by losing the bullish momentum due to stochastic attempt to end the bullish rally, to settle again near $5.9700 level, which formed strong barrier in the previous trading.
The stability above $5.9700 supports the chances of gathering the required extra positive momentum to motivate the bullish rally that might target $6.1550 and $6.2500, while the decline below it might force it to provide temporary trading, to target $5.8100 before reaching the additional positive targets.
The expected trading range for today is between $5.9100 and $6.1550
Trend forecast: Fluctuated
17
04, 2026
USD/JPY, AUD/USD and GBP/JPY Forecasts – Yen Continues to Face Pressure
The Australian dollar has actually hit a fresh new high against the Japanese yen as we have cleared the 114 level. I am bullish of this pair and I do think short-term pullbacks will continue to offer buying opportunities, not only due to the interest rate differential but the fact that this is a bit of a commodity play and of course, a play on the fact that Australia is one of the few central banks around the world that has actually raised rates recently.
Ultimately, I do think that we go looking to a much higher level, perhaps 118 yen. That is a longer-term thought, that is not anything we are going to see in the next few days, but I like owning this pair.
GBP/JPY Technical Analysis
17
04, 2026
Silver Price Forecast: XAG/USD rebounds above $79 on weaker US Dollar
Silver (XAG/USD) rebounds on Friday, trading around $79.40 at the time of writing and gaining 1.25% on the day. The Silver price remains close to the $79 mark as investors monitor geopolitical developments and monetary policy expectations in the United States (US).
The precious metal moves in a relatively cautious environment as markets await further details about a possible second round of negotiations between the US and Iran. Washington has indicated that talks with Tehran could resume before the expiration of the current two-week ceasefire scheduled for April 21. Investors are closely watching these developments, which could influence global risk sentiment and safe-haven flows.
US President Donald Trump recently expressed optimism that a diplomatic agreement with Iran could be close, stating that Tehran appears more willing to make concessions than in previous discussions. Reports suggest that negotiations could involve commitments related to Iran’s nuclear program and enriched uranium stockpiles.
Expectations of progress in diplomacy are contributing to persistent pressure on the US Dollar (USD). The US Dollar Index (DXY), which tracks the value of the Greenback against a basket of major currencies, is on track for a new weekly decline. A softer US currency tends to support commodities priced in USD, including Silver.
At the same time, easing tensions in the Middle East are weighing on Oil prices and moderating inflation expectations. This dynamic has encouraged traders to reinforce bets that the Federal Reserve (Fed) could adopt a more accommodative monetary policy stance in the coming months.
Lower interest rate expectations are generally supportive for non-yielding assets such as Silver. With yields potentially declining, the opportunity cost of holding precious metals decreases, which helps maintain investor demand for assets like XAG/USD in the current macroeconomic environment.
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.