April 28 Trade Setups – High-Confidence FX Opportunities
Welcome to the latest Forex trade setups update for April 28, 2025. As major currency pairs open the week quietly after last week’s volatile swings, traders are gearing up for a critical series of economic events — including the US Q1 GDP report, April Non-Farm Payrolls, and fresh Eurozone inflation and growth data.
This table ranks the best forex trading setups based on a combination of macroeconomic fundamentals, central bank policy expectations, technical analysis, and real-time sentiment shifts. We also factor in key drivers such as US-China trade tensions, Fed rate cut bets, and evolving ECB policy signals.
Currencies covered include USD, EUR, GBP, JPY, CHF, AUD, NZD, and CAD — with pairs like EUR/USD, GBP/USD, USD/JPY, and USD/CHF offering potential breakout or reversal opportunities. Our setups are ranked by confidence level to help you prioritize the highest-probability trades.
Use this resource to stay ahead of market moves with up-to-date entry levels, targets, stop ideas, and rationale.
| Rank | Pair | Setup | Direction | Entry Zone | Targets | Stop-Loss | Confidence | Rationale |
| 1 | USD/CHF | Sell on rallies |  Short |
0.8280 – 0.8300 | 0.8210 → 0.8150 | 0.8345 |  |
Safe-haven CHF bid from US-China uncertainty + Fed dovish expectations |
| 2 | USD/JPY | Buy on dips |  Long |
143.00 – 143.50 | 144.80 → 146.00 | 142.2 | |
Strong USD vs weak JPY; BoJ intervention unlikely; global risk still fragile |
| 3 | NZD/USD | Sell on rallies | Short |
0.5960 – 0.5980 | 0.5900 → 0.5840 | 0.601 | |
Weak NZD due to RBNZ cut expectations + soft China demand concerns |
| 4 | EUR/USD | Sell on strength | Short |
1.1360 – 1.1380 | 1.1270 → 1.1200 | 1.141 | |
ECB June cut highly likely + risk of disinflation from Trump tariffs |
| 5 | AUD/JPY | Buy on dips cautiously | Long |
91.50 – 91.80 | 92.50 → 93.20 | 90.8 | |
AUD pressured by RBA cut risk, but possible support from trade thaw |
| 6 | USD/CAD | Sell on strength | Short |
1.3890 – 1.3910 | 1.3780 → 1.3700 | 1.395 | |
Bearish channel intact; failure to break 9-day EMA cleanly yet |
Key Notes Behind Rankings:
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USD/CHF: Highest confidence — strong CHF safe haven flows + dovish Fed theme likely to persist → Favor strong bearish pressure on USD/CHF.
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USD/JPY: USD remains supported by yield differentials; Japan officials unlikely to intervene unless JPY breaks sharply.
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NZD/USD: Negative China impact and RBNZ easing bias → firm bearish pressure on NZD.
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EUR/USD: ECB cut fully priced in June, but less aggressive than Fed’s cut pricing; still minor downside risk for EUR.
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AUD/JPY: Mixed — weaker AUD from RBA cut expectations but could catch some bid if US-China tensions de-escalate.
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USD/CAD: Range-break close but still inside bearish channel. CAD strong if oil holds up.
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GBP/USD: No momentum either way currently — tight, aim to fade extremes until breakout.
Summary of Key Forex Trade Setups – April 28, 2025
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US Dollar (USD): Holding gains after snapping a three-week losing streak. Key focus on upcoming GDP and jobs data. Fed rate cut expectations for June remain strong.
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Euro (EUR): Trading sideways at 1.1350. ECB policymakers are leaning toward a June rate cut, but no major shift expected before this week’s HICP and GDP numbers.
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British Pound (GBP): Stable near 1.3300 against USD. Awaiting broader risk sentiment and upcoming US and UK data.
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Japanese Yen (JPY): Weakening as safe-haven demand cools, but verbal interventions from Japanese officials are keeping USD/JPY movements choppy.
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Swiss Franc (CHF): Gaining slightly versus USD as US-China trade uncertainty boosts safe-haven flows.
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Australian Dollar (AUD): Pressured by RBA rate cut expectations; AUD/JPY faces resistance under 92.00.
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New Zealand Dollar (NZD): Under pressure from slowing Chinese demand and RBNZ rate cut pricing.
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Canadian Dollar (CAD): USD/CAD tests key short-term resistances, but broader trend remains bearish below 1.3900 unless a breakout occurs.
Overall, markets remain cautious but positioned for large moves later this week as economic catalysts unfold. Traders should prepare for higher volatility as data releases drive next major trends across the FX board.
Check out more FX Trade Setups on our forex page.
