Forex101analysis

Forex101analysis

GBPUSD direction change to bullish •USD strength have weaken • UK’s Autumn Budget proved to be more generous than expected, despite multiple detailed leaks. However, the Office of Budget Responsibility (OBR) forecasts lower Govt. debt and issuance due to firmer growth, lower unemployment and much improved Govt. revenue.

Forex101analysis

-According to technical analysis the market will go long •BOJ (bank of Japan) don’t think current weak yen is a bad thing •According to COT (commitment of traders) Yen for weekly will be weak and the Bank of Japan (BOJ) Governor Haruhiko Kuroda said that he doesn’t think the current weak yen is a bad thing.

Forex101analysis

•NASDAQ is struggling at its new highest which is a strong zone •Two previous candlestick formed a reversal pattern on D1 bearish engulfing •Risk management is very important while placing your order market trend is bullish •Tesla boosted Nasdaq and will push Nasdaq to its new higher price

Forex101analysis

•(UK’s Treasury reveals a 75 Billion pound budget, slashed taxes to pubs and restaurants) boosted GBP strength and push the price high but It’s failing to pass 1.37600 •On the previous candlestick daily chart the market formed Doji (indecision between buy and seller) showing buyers are no longer in control of the market •GBPUSD will continue with its bearish trend

Forex101analysis

Gold price will drop to $1721 •The market formed a bearish reversal pattern on the previous candlestick •The price is still struggling to pass $1800.00 • (Tesla surpassed a market value of $1 trillion on Monday, making it the fifth such firm to reach the milestone) it increases the demand of dollar and boosted it’s strength • Gold has rallied towards at $1813...

Forex101analysis

Gold change direction on Monday after Tesla surpassed a market value of $1 trillion on Monday, making it the fifth such firm to reach the milestone. And it increased the demand of USD with $1 trillion ,which is more cash flow , more cash flow within the economy strengthen the currency value . •Gold price is still consolidating under 1800 •The previous...