EURUSD: drawdown took placeAnd so, at the end of yesterday, the Euro could not withstand the onslaught of the currently strong US dollar and dropped to the level of 1.16000. This fact is clearly not in favor of purchases, which can only be talked about when the price exceeds the level of 1.6665. At the moment, it is assumed that the price would be in the range from the level of 1.16665 and below to the annual minimums updated yesterday (~ 1.15890).
Remember, there is no place for luck in trading - only strategy!
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GOLD-SILVER
Vox Royalty Corp Rally ContinuesDespite the decline in the spot precious metals prices, the royalty and streaming company's latest update has kept investors keep to buy value.
Based on relative strength among all TSX and TSXV stocks over the past 30 days, VOX Royalty Corp ranks 11th in metals stocks, 19th in basic materials stocks, and 26th in companies outperforming the market.
money.tmx.com
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GOLD: keep the previous courseAnd so, we keep the previous course. The instrument is likely to further consolidate in the support area. A stop for sellers and their retreat will be the price approaching the resistance level of the downtrend channel, and thereby fixing the price above the level of 1747. In the future, this may lead to a promising counteroffensive of buyers.
Remember, there is no place for luck in trading - only strategy!
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GBPUSD: just doesn't give upAnd so, the currency came close to the support line of the downtrend channel. It is expected that the Pound would not give up just like that and an attempt will be made to recover, at least to the nearest resistance (1.36010).
Remember, there is no place for luck in trading - only strategy!
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EURUSD: elections in Germany The results of the elections in Germany did not bring any surprises, so the markets took them calmly, and the Euro began a new week with an increase. Overall, EURUSD has upside potential today, supported by the results of the elections in Germany and the general bullish sentiment in the markets.
Support at 1.17050 will serve as an excellent entry point for today. The target is located at 1.17490, and the stop loss can be moved to the level of 1.16610.
GOLD: much depends on 1740And so, most likely today, the instrument will be in the sideways. The main support of 1740 is still somehow managing to contain the onslaught of sellers. Breaking through 1740 would have serious implications for buyers.
Remember, there is no place for luck in trading - only strategy!
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BTCUSD: still up todayAnd so, the coin is in the downstream channel, thereby locally having sell priority. Today, sellers are unlikely to be able to break through the level of 40.734. But everything goes to the point that it would be so in the near future.
Remember, there is no place for luck in trading - only strategy!
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EURUSD: minimum of this yearAnd so, the currency pair is trading near the annual low. The mood of the sellers remains. The best buyers can do right now is to consolidate above the 1.17000 level. Sellers, in turn, will put pressure on the level 1.16665.
Remember, there is no place for luck in trading - only strategy!
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$GOLDin USD
Looks like a queeze up to COMEX open time is possible... Let's see. As I said last night.. there are enough features here to sow doubt in me that it's a bearish chart. I think could go either way, but I'm leaning 51/49 to go up.
As @lukeytrags has been quite upset about, the goldies are capitulating today. I think that's the last scream of capitulation as theyr race to hit RI30 and lows on charts for FBOs etc before they go up. GOtta break the back of hodlers so they're too scared to re-enter, until they aren't and they chase it all of the way up.
GBPUSD: holds the defenseAnd so, the Pound also came under pressure last week. But the price remains above the key support 1.36085. This level would be an excellent entry point for an anticipated upward pullback. A more aggressive option is to enter from current prices. It is expected that the instrument would still face the onslaught of the US dollar and may even go into a counteroffensive.
Brent: forecast for Sept 27 - Oct 1There was no negative news for the oil market following the September Fed meeting. Interest rates and asset purchases remained unchanged, although the rhetoric continued to escalate. In particular, the Fed announced its readiness to make a decision to start cutting the asset purchase program at the next meeting. Additionally, an increase in expectations for the level of the base rate in 2022-2023 was announced.
Consequently, buying priority remains, but at the moment it is risky to get into a long position. The price would be corrected. From the very beginning of the week, the instrument may start its downtrend movement. It will be much more conservative to wait for oil to approach the resistance line of the ascending channel and try to sell around the level of ~ 78.
Buying mood for gas and coal, as well as the expected deficit in the oil market by the end of the month, would continue to support oil prices. The trading instrument, taking into account the expected correction, would remain above $ 75 per barrel.
BTCUSD: forecast for Sept 27 - Oct 3Within this week, the Bitcoin expects a test of the resistance area 43919 - 46867. Where may we expect an attempt to continue the fall in BTCUSD and the further development of the downtrend. The purpose of this movement is the support level 40967.65.
Cancellation of the option to continue the decline in the Bitcoin rate will be a breakdown of the resistance area indicated above and the price fixing above it. At the same time, the downtrend channel will be disrupted, because the resistance line of this channel will be broken. This will indicate a change in the current trend in favor of the bullish for BTCUSD.
BTCUSD: stay in the rangeAnd so, the price keeps its presence in the trading range indicated earlier. It was also assumed that it would not be possible to pass through a small resistance in the area of 44080.95 - 45241.90 at once. Nevertheless, the buying mood remains, we expect the price in the indicated resistance area for the second attempt to overcome it.
GBPJPY: turn downAnd so, the pair is globally at the stage of the supposed reversal ("head and shoulders" pattern). In addition, now the tool is at the resistance line, which is unlikely to be overcome by the Pound. It is expected to fall to the level of 150.460, where if it consolidates, it would go even lower.