Second Week of April 2026
The past week was packed with events and analyses which caused significant volatility across the Forex, Gold, and Bitcoin markets. Traders witnessed surges that climbed past weekly expectations, as well as crashes that breached forecasted support levels.
In this article, we provide a technical analysis for the upcoming week based on technical indicators, economic data, and ongoing geopolitical developments in the Middle East.
1. Forex Market Outlook (Second Week of April 2026)
A. EUR/USD (Euro vs. US Dollar)
1.16253 to 1.15123 during the final two days. This movement places the pair into a "swing trading" phase. It is expected that the Euro will return toward the nearest resistance point of 1.4788 at the start of the week (April 6, 2026), continuing the bearish trend that began in March 2026.
- Market Context: The US economy added more jobs than expected in March, with unemployment dropping to 4.3%.
- Recommendation: The outlook for EUR/USD this week is Bearish (Sell).
B. GBP/USD (British Pound vs. US Dollar)
1.32 in record time last week. The downward trend remains intact. We expect the pair to hit the nearest support at 1.31453 early in the week, followed by a continued decline toward 1.3120.
- Recommendation: The market direction for GBP/USD this week is Bearish (Sell).
2. Gold Price Outlook (Second Week of April 2026)
$4,475 per ounce to $4,792, eventually closing the week at $4,675. This movement represents a 50% Fibonacci retracement from the last peak.
61.8% at $4,910. Following that, it is likely to resume a downward trend toward last month's low of $4,095—if not this week, then by the third week of April.
- Short-term Outlook: Gold may start the week with a dip to $4,500 before resuming a rally toward $4,913.
3. Bitcoin (BTC) Outlook
$66,000. However, the overall trend remains downward. It is anticipated to reach the nearest support on the Monthly Bollinger Bands at $50,129. From that point, it is expected to rebound, surpassing its October 2025 highs and breaking through the $126,000 barrier.
Frequently Asked Questions (FAQ)
1. Should I buy or sell EUR/USD on April 6, 2026?
Sell EUR/USD at the start of the week, but ensure you minimize your risk exposure to the lowest possible level.
2. Should I buy or sell GBP/USD on April 6, 2026?
Sell GBP/USD at the start of the week, but strictly manage your risk.
3. Should I buy or sell Bitcoin right now?
$56,000 range before considering an entry.
Also on site :