Tomorrow, Friday 18th April, and Monday 21st April, are public holidays in both the U.S.A. and the U.K., the locations of the two major financial centers which drive volume in the Forex market.
The holiday commemorates the Christian festival of Easter. As such, it is a holiday in every country in the world with a Christian cultural background. This includes every country in Europe and the Americas, as well as Australia and New Zealand. Therefore, in terms of the global market, the Easter holiday produces a slowdown very similar to that produced by the Christmas holiday, although Easter is much shorter with just one day of holiday added either side of a weekend.
For this reason, we do not recommend opening any new trades whatsoever after 5pm today (Thursday) London time, until 8am Tokyo time next Tuesday, April 22nd. It is of course acceptable to close trades, as if a stop loss is exceeded during such a slow period, it would be very likely to also be exceeded during an active market.
An analysis of historical data during previous long weekend Easter holidays will show extremely low volatility on average within the Forex market. This is why we believe it is pointless to open any new positions during this time.
Please be aware that most retail Forex brokers do allow trading during normal market hours over this period. Many of them, however, will have severely curtailed customer support. If you can possibly wait or avoid requiring active support from your broker over this period, you should eventually receive a more prompt and convenient service.