FX:GBPUSD shows bullish outlook ahead of strong news publication. GBPUSD continues to strengthen on the overall fundamental backdrop. The market is reacting weakly to the resistance area as, against the backdrop of a relatively weak dollar buyers are taking initiative towards GBP. Strong news ahead. Powell speaks again today, tomorrow the UK GDP is published,...
FX:XAUUSD updates high to 2424 amid favorable news. Buyers are returning with the belief that the dollar will continue to fall on the back of the imminent interest rate cuts. CPI indicates significant easing of inflationary pressures in June. Annual inflation fell to 3%, the lowest rate in a year. This report provides evidence to the Fed that inflation is...
FX:XAUUSD continues to maintain a bullish market structure, gradually pushing up to strong resistance with a breakout target. The US dollar is declining amid dovish US Fed assumptions.... All eyes remain on the US CPI report Powell's caution on weakening labor market conditions suggested that a September rate cut is likely just around the corner, which once...
FX:EURUSD opens with a gap down, but buyers are actively buying back the move. The nature of the market is bullish, but at the same time consolidation, as there is strong resistance ahead. The fundamental background is favorable, there is no news today. Last week traders took well the fact of unemployment growth, within the framework of which active buying...
FX:AUDUSD is forming a strong consolidation on the chart as the price is squeezing to the resistance at 0.67. On the background of weakening DXY, buyers have chances to break the area. There is news ahead and at the moment traders are preparing to break resistance. Favorable news may contribute to the breakout of the strong limit zone and the formation of a...
FX:XAUUSD is testing 2350, gathering liquidity below this zone. Bulls are actively holding the defense above the key area and the overall picture looks promising.... BUT! Powell's speech continues today ahead of CPI and PPI. Things are heating up, the slightest hint of an unpredictable outcome could shake the market. For now, there are some positive signs...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to flat, where at once fell lower than $61500 level, but soon turned around and rose back. In a short time, BTC rose to top part of flat and then made strong downward impulse, breaking $61500 level again. Also, price exited from flat and...
FX:XAUUSD is trading within an ascending channel, but traders are actively selling off all of Friday's growth. The key roll is played by the resistance 2365, at the moment bears are holding the market. The dollar stops falling amid expected comments from Powell, as well as CPI and PPI to be released on Thursday and Friday. The fundamental background is...
Why am I bearish on BTC? With all the crypto regulations around the world and, recently, banning stable coins in Europe + high transaction fees - crypto is losing its popularity, and people are starting to hate crypto. Which means no one wants to use it, and where there is no use, there is no money. Maybe crypto is not as good a technology as presented by...
FX:XAUUSD is updating the high within consolidation after rallying. Technically, this is a good sign, but NFP and unemployment are ahead. The news could either reinforce the move or completely derail it.... A nice bullish pattern is forming on D1 against resistance at 2365. The deceleration and consolidation in front of the level indicates bullish interest in...
FX:EURUSD is breaking the downtrend pattern on a smooth change of fundamental background. Traders are selling off the dollar, which is favorable for the euro. A local bullish pattern is forming on D1 on the background of the global downtrend. Strong fundamental background is favorable for the strengthening of the currency pair. On H4, the price is correcting...
FX:NZDUSD strengthens after a false breakdown. The change of the fundamental background leads to a change in the character of the market. Traders are looking at a breakout of 0.614 and growth in the future, but ahead of NFP... On D1 the price is not going to leave the sideways range yet, as we are told by the false breakdown and return to the channel with the...
FX:XAUUSD strengthens on the back of Powell's comments. Light positive notes lead to DXY sell-off and a small rally of XAU to 2364. Today is a day off in the US and tomorrow is NFP..... It's a day off in the US and there is no liquidity. There may be high volatility during trading, but the movements may be weak. Locally, the price is testing resistance and...
GOLD is testing the previously broken channel boundary. The market maker is driving the price into the liquidity area before the strong news. Powell corrected the direction a bit within yesterday's speech The chance of a September interest rate cut rises after Fed Chair Powell acknowledged progress on disinflation. Jeremy reverses course slightly to dovish....
FX:XAUUSD GOLD is still consolidating within the local range of 2340 - 2320, which is formed after breaking a strong trend line support. The dollar index is still heading northward Gold is still unable to break downside resistance, as well as forming price consolidation below previously broken support. The key risk zone on which the bulls put so much is...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price declined from resistance area, after which it made upward impulse to $1.0895 points. Price broke $1.0790 level and started to trades in flat, where it some time traded until it reached top part. After this, Euro made downward impulse,...
OANDA:NZDUSD is consolidating after breaking the uptrend support. There are no signs on the chart for possible growth, only if the fundamental environment does not change drastically... Technically, a bearish situation is forming on the senior timeframe within the 0.6219 - 0.6084 range. Traders do not believe that the dollar will start to fall and are forming...
FX:GBPUSD on Friday updates the local low and confirms the bearish nature of the market. Since the opening session traders have been trying to buy back some of the decline and are heading towards the liquidity zone, from which bears may intensify selling Traders increased selling in GBP to a 16-month high amid expectations that the Central Bank of England will...