News

The overview is based on trade ideas provided by the Acuity Trading service. RoboForex analysts only select ideas from those available on the platform and do not develop them independently. Please note that trading in financial markets involves high risks, and the ideas presented are not investment recommendations.

Trade ideas for EURUSD, USDJPY, and XAUUSD are available today, with an expiration date of 24 April 2025.

Today’s trade ideas

Table of contents

1. EURUSD trade idea
2. USDJPY trade idea
3. XAUUSD trade idea

EURUSD trade idea

The EURUSD currency pair declined after rising for two days. However, the decline was quickly absorbed by buyers, indicating continued bullish interest and opening the way for a moderate upward movement in the first half of the day. At the same time, this growth is expected to be limited. Today’s trade idea for EURUSD suggests placing a pending Sell Limit order.

News sentiment indicates a significant dominance of negative expectations for EURUSD – 59% vs 41%. The risk-to-reward ratio exceeds 1:6. Potential profit at the first take-profit target is 325 points, and 590 points at the second, with possible losses limited to 85 points.

Trading plan

• Entry Point: 1.1469
• Target 1: 1.1144
• Target 2: 1.0879
• Stop-Loss: 1.1554

USDJPY trade idea

The USDJPY currency pair confidently recovered from the 139.89 level, fully reversing its initial intraday decline. However, during the overnight session, the upward move once again faced strong selling pressure, indicating that the risk of renewed downward pressure in the short term persists. Today's USDJPY trade idea suggests placing a pending Buy Limit order.

News sentiment reflects a clear dominance of positive expectations for USDJPY – 41% vs 59%. The risk-to-reward ratio exceeds 1:6. Potential profit at the first take-profit target is 443 points, and 758 points at the second, with possible losses capped at 120 points.

Trading plan

• Entry Point: 140.85
• Target 1: 145.28
• Target 2: 148.43
• Stop-Loss: 139.65

XAUUSD trade idea

Despite the ongoing dominance of buyers, weakening bullish momentum in XAUUSD suggests a potential reversal. A forming bearish divergence may limit further growth and trigger a deeper bearish correction. Today’s trade idea for XAUUSD suggests placing a pending Sell Limit order.

News sentiment points to a significant dominance of negative expectations for XAUUSD – 59% vs 41%. The risk-to-reward ratio exceeds 1:3. Potential profit at the first take-profit target is 14,000 points, and 15,500 points at the second, while potential losses are limited to 4,000 points.

Trading plan

• Entry Point: 3,410.00
• Target 1: 3,270.00
• Target 2: 3,255.00
• Stop-Loss: 3,450.00

The overview is based on trade ideas provided by the Acuity Trading service. RoboForex analysts only select ideas from those available on the platform and do not develop them independently. Please note that trading in financial markets involves high risks, and the ideas presented are not investment recommendations.

Today’s trade ideas

1. USDCAD trade idea
2. EURUSD trade idea
3. GBPUSD trade idea

USDCAD trade idea from Acuity Trading

The downward movement in USDCAD shows signs of weakening, indicating a possible end to the bearish impulse. A breakout above the resistance level at 1.3900 will signal a trend reversal and confirm the formation of an upward movement. Today's trade idea for USDCAD suggests placing a pending Buy Limit order.

News sentiment shows a clear dominance of negative expectations for USDCAD – 63% vs 37%. The risk-to-reward ratio exceeds 1:2. The potential profit at the first take-profit target is 150 points, and 200 points at the second, while possible losses are limited to 75 points.

Trading plan

• Entry Point: 1.3800
• Target 1: 1.3950
• Target 2: 1.4000
• Stop-Loss: 1.3725

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EURUSD trade idea from Acuity Trading

The EURUSD currency pair trades near its highest levels in the past 37 months. However, the current consolidation indicates a decline in buying activity. The formation of a Head and Shoulders reversal pattern increases downside risks and suggests the possible start of a corrective move. Today's trade idea for EURUSD proposes placing a pending Sell Stop order.

News sentiment remains neutral, with a slight dominance of negative expectations for EURUSD – 51% vs 49%. The risk-to-reward ratio exceeds 1:2. The potential profit at the first take-profit target is 252 points, and 206 points at the second, with possible losses limited to 100 points.

Trading plan

• Entry Point: 1.1317
• Target 1: 1.1111
• Target 2: 1.1065
• Stop-Loss: 1.1417

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GBPUSD trade idea from Acuity Trading

The GBPUSD currency pair continues to move within a stable upward trend, having posted five consecutive positive daily sessions. A breakout above the previous resistance at 1.3208 confirms the dominance of the bullish impulse. However, a short-term pullback towards key support at 1.2988 becomes more likely. Today's trade idea for GBPUSD suggests placing a pending Buy Limit order.

News sentiment also shows a clear dominance of negative expectations for GBPUSD – 75% vs 25%. The risk-to-reward ratio exceeds 1:3. The potential profit at the first take-profit target is 287 points, and 310 points at the second, with possible losses limited to 80 points.

Trading plan

• Entry Point: 1.2990
• Target 1: 1.3277
• Target 2: 1.3300
• Stop-Loss: 1.2910

More trade ideas from Acuity Trading