DNA_BrianTrading

DNA_BrianTrading Updated  Sep 29, 2023

Brian hello to you all! Today, gold continues its downward trend, touching a low of $1876 per ounce. The DXY index continues to rise, reaching a six-month high of 106.4 points. Meanwhile, US bond yields have reached their highest level in 16 years, putting pressure on this precious metal. From a technical standpoint: Upon careful observation, we can see that...

DNA_BrianTrading Updated  Sep 28, 2023

Brian greets you all! The price of gold continues to decline today, currently trading at a low price of $1900 due to selling pressure caused by the strengthening of the US dollar (USD) ahead of highly anticipated inflation data on Friday. Looking at the 4-hour chart, Gold has dropped without finding support at $1905. It wouldn't be surprising if gold continues to...

DNA_BrianTrading Updated  Sep 28, 2023

Brian, hello everyone. Today, the AUD/USD exchange rate has dropped to its lowest level in 10 days, decreasing by approximately 45 pips or -0.7%, nearing the 0.6350 mark. The Consumer Price Index (CPI) data for Australia has shown an increase of 5.2% in August, in line with market expectations. This has provided some slight support for the Australian dollar...

DNA_BrianTrading Updated  Sep 28, 2023

Brian greetings to you all! USDJPY continues to maintain its upward trend by consistently increasing its value above 148.00. Currently, UJ is trading around the level of 149.029, a record high. Additionally, the Federal Reserve has signaled the possibility of raising interest rates at least once by the end of this year. This allows the US dollar (USD) to remain...

DNA_BrianTrading Updated  Sep 28, 2023

Brian says hello, everyone! There haven't been many changes for the EU today, as the currency continues to trend downwards due to the hawkish stance from the Federal Reserve and indications that the European Central Bank may avoid any further interest rate hikes. The main currency pair is currently trading around 1.0563, down 0.09% for the day. The current price...

DNA_BrianTrading Updated  Sep 28, 2023

Brian, hello everyone! Last night, the price of gold on the market plummeted from $1,915 to $1,900 per ounce. This is the lowest price for gold in September 2023. Currently, the price has stabilized at $1,986, but the downward trend is expected to continue. The US dollar has surged in value as investors fear the commitment to maintaining high interest rates and...

DNA_BrianTrading Updated  Sep 28, 2023

Brian, greetings to all of you. Today, the British pound (GBP) continues its five-day decline as the UK economy faces the possibility of a recession due to worsening labor market conditions and weak demand prospects. The GBP/USD pair is expected to suffer more losses as the Bank of England (BoE) pauses its interest rate tightening cycle, increasing consumer...

DNA_BrianTrading Updated  Sep 27, 2023

Brian greets everyone! Today, the EUR/USD exchange rate has dropped below 1.0600 for the first time in several months, breaking through the important support level at 1.0630. With the price below that level, there is a possibility of further losses. The daily chart indicates that this currency pair is heading towards the range between 1.0510 and 1.0530,...

DNA_BrianTrading Updated  Sep 27, 2023

Brian hello everyone! Today, the price of gold is trending downwards, after failing to surpass the resistance level of $1935, it has started a decline and is currently trading at $1925 per ounce. Along with this, there is a recovery of the USD and market sentiment regarding the upcoming decision of the Fed, which has put pressure on the price of gold. In Brian's...

DNA_BrianTrading Updated  Sep 27, 2023

Brian greetings everyone! GBP/USD has dropped below the lower limit of the descending regression channel today, and the Relative Strength Index (RSI) indicator on the 1D chart has fallen below 30, highlighting overbought conditions for this currency pair. 1.2240 is immediately seen as a support level for this pair. Closing below that level in the four-hour chart...

DNA_BrianTrading Updated  Sep 27, 2023

Hello everyone! Today, the price of gold continues to struggle to reach a value of around $1,915 in early Tuesday trading. The precious metal is still weighed down by the recovery of the US dollar and higher US yields. Meanwhile, the US Dollar Index is fluctuating around 105.95 after retreating from its highest level since November at 106.09. The outlook for...

DNA_BrianTrading Updated  Sep 26, 2023

Hello dear friends! The current EU trading session is ending with stability, hovering around the price level of 1.645. It is evident that this currency pair is still following a sideways trend. If we can break out of this trend, there is potential for a higher price level, with an expected figure of 1.067 and even higher at 1.070. Wishing you all the best of luck.

DNA_BrianTrading Updated  Sep 26, 2023

Brian greeting everyone! This week, the GBP/USD pair is expected to trade within a narrow range and consolidate its recent decline to the lowest level since late March. The price is currently trading around the 1.2200 level and seems susceptible to further extending the established downtrend from the 1.3140 area. The US Dollar (USD) remains near its highest...

DNA_BrianTrading Updated  Sep 26, 2023

Brian greets everyone! Today in our market, USDJPY is still performing well, maintaining its continuous rise at a high price of 148.564, with sustainable inflation of 2% yet to appear. On the 4-hour chart, we can see that the upward trend seems to be gradually cooling down and narrowing its price range. Brian predicts that there will soon be a slight price...

DNA_BrianTrading Updated  Sep 26, 2023

Brian greets you all! Today, USD JPY continues to trade at a high level, reaching the milestone of 149.14. As widely predicted in the market, the Federal Reserve (Fed) has chosen to maintain interest rates in the range of 5.25-5.50% during its meeting on Wednesday. This decision provides an opportunity for USD JPY to continue shining. However, Fed Chairman Jerome...

DNA_BrianTrading Updated  Sep 26, 2023

Brian greets you all! In the trading session of the new week, gold appears to have minimal fluctuations, maintaining its price range at 1923-1935 USD. This week, the market will receive a series of economic data, including the GDP and Personal Consumption Expenditures (PCE) index of the United States for the second quarter and August. These news will have an...

DNA_BrianTrading Updated  Sep 26, 2023

Hello dear friends! Currently, there are indications of a decline in the AUDUSD market, with trading levels around 0.6425. Upon observing our 4-hour chart, we can see that AU has broken above the upward trendline and has started to decline from the 0.645 level. It is likely that the next forecast will be a drop to the 0.640 level, followed by 0.637. At this...

DNA_BrianTrading Updated  Sep 25, 2023

Hello dear friends. Currently, UJ is performing very well by maintaining a significant increase and still remaining in an upward trend. However, UJ is still facing resistance at the 148.4 level, so there is a possibility of a slight correction to around 148.07 before surpassing the resistance and continuing the upward trend.