The global economic outlook is uncertain, with Europe facing inflation concerns and Canada potentially easing monetary policy sooner than the US. The US dollar might strengthen against some currencies, while the Japanese yen might remain weak. Bitcoin has the potential for a bullish rally if it consolidates above key levels.

EUR/USD:

• Eurozone inflation dropped to 2.4% y/y, below market expectations.
• ECB meeting next week, likely to maintain rates but might signal a rate cut in June.
• EUR/USD is pressured by a potential dovish signal from ECB.
• Trading Signal: Buy above 1.0760 with targets at 1.0803 and 1.0833. Below 1.0760, avoid buying.

GBP/USD:

• GBP/USD pattern is complex and unclear at the moment.
• GBP/USD might be in a sideways trend despite strong US data.
• Wait for confirmation of a new uptrend before buying GBP/USD.
• Suggests a decline for GBP/USD in the long term.

USD/JPY:

• Japanese yen is trading near 34-year lows against the USD.
• Bank of Japan might intervene to weaken the USD/JPY.
• USD/JPY faces resistance at 152.39, but a break above could be temporary due to possible intervention.

USD/CAD:

• Loonie is expected to weaken due to potential monetary easing by Bank of Canada.
• US economic data will be a key factor for USD/CAD direction.
• Breakout above 1.361 in USDCAD suggests buying for a potential uptrend.

BTC/USD:

• Bitcoin is trading above the 200 EMA and within an uptrend channel.
• Bullish rally expected if BTC consolidates above $65,000.
• Targets for buying Bitcoin: $68,000, $70,000, and $73,000.
• Below $64,500, avoid buying Bitcoin until further confirmation.

Oil:

• Short-term analysis: A breakout of the Gold Zone (84.98 – 84.65) is expected today. If successful, the next target zone is 88.61 – 87.95.
• Correction: If the price remains within the Gold Zone, a downward correction may occur. The correction target is support zone (A) at 81.78 – 81.45.
• Buying opportunities:
  • Support (A): 81.78 – 81.45. Take profit: 85.00
  • Support (B): 80.13 – 79.63. Take profit: 85.00

Gold:

• Short-term analysis: A breakout of the Target Zone 3 (2288 – 2279) is expected today. If successful, the next target zone is Gold Zone 3 (2328 – 2323).
• Correction: If the price remains within Target Zone 3, a downward correction may occur. The correction target is support zone (A) at 2244 – 2239.
• Buying opportunities:
  • Support (A): 2244 – 2239. Take profit: 2286
  • Support (B): 2222 – 2215. Take profit: 2286

Cryptocurrencies (BTCUSD, XRPUSD, ETHUSD):

• Bitcoin (BTCUSD):  A sell is recommended at 66080.45 with a TakeProfit target of 62338.69
• Ripple (XRPUSD): A sell is suggested at 0.579 with a TakeProfit target of 0.562
• Ethereum (ETHUSD): A sell recommendation is at 3292.68 with a TakeProfit target of 3054.42.