Market-Mentor

Market-Mentor

📈 Priority direction: Up . 📝 Description: Friday's NFP data sent the price straight to $1965 where support is currently located. It is the price that has been stopped, and from there it is assumed that the buyers will do whatever is necessary to restore the price. The local uptrend has not changed. The current recovery target is $1786....

Market-Mentor

📈 Priority direction: Up . 📝 Description: The local uptrend remains in force, although it is now being tested for strength by sellers. Moreover, fixation above level 1.21758 will be a good confirmation signal that the price is aiming at 1.22936 (upper line of balance 1.20645 - 1.22936). If this balance is broken, it is more likely that the priority will change...

Market-Mentor

📈 Priority direction: Up . 📝 Description: As expected, the metal nevertheless overcame local resistance (see yesterday's idea), but so far has not reached the current main goal of buyers at $1800. The support area near the $1785 level is more likely to prevent the price from falling down, thereby forcing the market to push the price up to $1800....

Market-Mentor

📊 The ISM report in the services sector was positive about the recession, as was the growth of private capital (reflected in technology investments). Thus, the month (July) turned out to be very positive for the global stock market. It is historically confirmed that the market needs ~19 months to recover from a bear market (we are talking about the S&P500 index)....

Market-Mentor

📈 Priority direction: Up . 📝 Description: Today it is assumed that buyers will be able to win back yesterday's fall a little, thus, the price can be expected today at the level of 1.02430. There is an insurmountable resistance for the bulls. However, the more attempts and approaches to break through this area, the higher each time there will be chances to...

Market-Mentor

📈 Priority direction: Up . 📝 Description: The idea of approaching the latest local highs remains valid. The level of $1760 is still insurmountable for sellers, only if it is broken through and consolidated below it, it will be possible to talk about the priority of short. -------------------------- Thank you for your support, subscribe and share your ideas...

Market-Mentor

📉 Priority direction: Down . 📝 Description: The currency pair is in a downtrend locally and the current price range is 130.807 - 134.505. It is assumed that the instrument will continue the downward trend towards the latest local lows. A more conservative option would be to sell from the level of 134.505, where there is an insurmountable resistance area for...

Market-Mentor

📈 Priority direction: Up . 📝 Description: Nancy Pelosi's visit to Taiwan yesterday stepped up buying in precious metals, fearing a strong response from China to prevent the arrival of the speaker of the US House of Representatives. However, after the American politician's plane landed, prices began to return to their previous values ​​and even fell lower. The...

Market-Mentor

📈 Priority direction: Up . 📝 Description: The reaction of sellers at the level of 1.02500 is expected, however, it is too early to talk about the complete capitulation of buyers. The struggle at the current resistance will decide where the euro will go: to the support at 1.07000 or further up to 1.03300. Based on the fact that the instrument is in an uptrend...

Market-Mentor Updated 

📈 Priority direction: Up . 📝 Description: Buyers recovered significantly over the previous week (+3.25%) and this success will be consolidated as much as possible, as expected. However, at the moment the price is near the resistance in the area of ​​$1770 and most likely the buyers will not be able to pass it right away. We assume that the price will approach...

Market-Mentor

📈 Priority direction: Up . 📝 Description: A local uptrend tells us to open trades in favor of buying. Yesterday's idea has fully worked out and, as previously stated, it is necessary to wait for more "certainty". We expect today to test the strength of the price area near the level of $1770, where the price is now approximately. Buyers need to hold above this...

Market-Mentor

📈 Priority direction: Up . 📝 Description: The pound at the moment, at least, retains the potential for a slight increase. Ahead of the currency pair is resistance (1.22587-1.22936), that will clearly prevent further continuation of growth. For this reason, long targets should be limited to this particular price area, and when short signals appear, open sales....

Market-Mentor

📉 Priority direction: Down . 📝 Description: The dollar index continues to be inside the downtrend channel and is moving towards the support area at 105. The instrument is expected to reach this support in the near future. The most conservative approach would be to consider selling at 106 if the price gets there. -------------------------- Thank you for your...

Market-Mentor

📈 Priority direction: Up . 📝 Description: Yesterday's upward impulse sent the price exactly to the set target at $1705 and continues to grow at the moment. Most likely today the price will not fall lower and a potential correction should be expected next week, however, the American session may make a "surprise". Priority today would be given to short-term...

Market-Mentor

🔍 DXY INDEX (USDX) displays the value of USD against a basket of six foreign currencies: EUR, JPY, GBP, CAD, SEK, CHF. This index is calculated on the basis of the weighted average ratio of USD to six currencies. ➡️ EUR —> 57,6% ➡️ JPY —> 13,6% ➡️ GBP —> 11,9% ➡️ CAD —> 9,1% ➡️ SEK —> 4,2% ➡️ CHF —> 3,6% ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ ❗️...

Market-Mentor

📈 Priority direction: Up. 📝 Description: Level 1.21758 is currently held back by buyers. This accumulation of the price at this level is more likely to lead to growth towards resistance 1.22587 - 1.22936. Breaking up the moving average and the resistance line indicates an uptrend (locally), therefore, it is better to stick to long....

Market-Mentor

📈 Priority direction: Up . 📝 Description: Yesterday's long idea has fully worked out, the targets have been achieved. The metal is currently fixed above the level of $1736, from which further slight growth towards $1750 is now expected. In the near future, sellers will make themselves felt, and most likely this will happen in the area of the $1750 level....

Market-Mentor

📉 Priority direction: Down . 📝 Description: The resistance area around the level of 1.02500 is still insurmountable for buyers. The downward impulse sent the price to the support level 1.01215, from which the price is expected to fall to 1.00615. Maybe the price will correct a little to 1.01600 before that. -------------------------- Thank you for your...