As of April 21, 2025, the EUR/USD 1-hour chart shows that the price has broken above 1.1530, and the upward momentum is accelerating. This article uses ADX, MACD, and moving averages to predict the future market movement and propose a short-term trading strategy.
Currently, EUR/USD has broken above 1.1530, and it continues to show strong upward movement. The moving averages (50MA, 200MA) are providing support, and an upward move towards the next target of 1.1600 is expected. The strong buying pressure is ongoing, and it is highly likely that the uptrend will continue.
Image Source: cTrader Platform
The ADX is currently at a level indicating a strong bullish trend. If it surpasses 50, the upward pressure is expected to strengthen, accelerating the price movement. A further bullish trend is expected going forward.
The MACD line has crossed above the signal line, and the histogram is rising. This movement indicates that upward pressure is increasing in the short term, and further price increases are expected.
ADX Movement: If ADX surpasses 50, the uptrend is likely to accelerate.
MACD Movement: Since the MACD line has crossed above the signal line, the uptrend may continue.
Support and Resistance: Having surpassed 1.1530, the next target is 1.1600, and the uptrend may continue.
Bullish Scenario (Targeting Uptrend)
Entry: Around 1.1530
Take Profit Target: Above 1.1600
Stop Loss: Below 1.1500
Bearish Scenario (Targeting Reversal)
Entry: Below 1.1500
Take Profit Target: 1.1450
Stop Loss: Above 1.1530
The current technical indicators suggest that the uptrend is likely to continue. It is important to focus on the MACD and ADX trends and engage in trades that follow the uptrend.
For the latest updates, check the FIXIO Blog.
This article is intended for informational purposes only and does not constitute financial or investment advice. The analyses and strategies mentioned are based on past data and current market conditions, and may be subject to change in the future. When making investment decisions, always conduct your own research and consult a professional if necessary.
Superior trade execution & trading conditions with the NDD method.
The online FX industry provides a platform for investors worldwide to engage in the buying and selling.
Subscribe to our daily newsletter and get the best forex trading information and markets status updates
Trade within minutes!
日本語
English
Comment (0)