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#USDJPY is possibly bullish
USDJPY broke through important 140.3090 price line
Main Pattern: Resistance
Analysis: USDJPY has broken through a resistance line. It has touched this line numerous times in the last 11 days. This breakout shows a potential move to 141.5019 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Take Profit: 141.5019
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3 469
🚨NEWS FOR THE DAY
Fed's Hawkish Stance Sends Gold Crashing to New Lows
Gold slipped to its lowest level in two weeks after the Federal Reserve signaled a hawkish stance on future policy decisions.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/feds-hawkish-stance-sends-gold-crashing-new-lows-bold-prime-ltd
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3 469
🚨NEWS FOR THE DAY
This Happened in the Currency Market After the Fed Decision!
As widely expected, the Federal Reserve (Fed) maintained unchanged interest rates at its June policy meeting. However, at the same time, it signaled a more hawkish stance for future policy decisions, thereby limiting the depreciation of the US dollar against major currencies.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/happened-currency-market-after-fed-decision-bold-prime-ltd
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3 469
🚨NEWS FOR THE DAY
FOMC Causes BTC to Stumble, Price Falls to $25,000!
The price of the king of cryptocurrencies, Bitcoin (BTC), has plunged dramatically below $24,900, despite the Federal Open Market Committee (FOMC) meeting announcing a temporary halt to the expected interest rate hikes in the financial market.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/fomc-causes-btc-stumble-price-falls-25000-bold-prime-ltd
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3 469
Thank you for your thoughtful answer! We're very grateful that you took the time to answer our question. Your helpful feedback helps us learn more about how our clients trade with Bold Prime. We want you to know that we're always working to make our system better so that our prized clients can have an even better trading experience. We really value your help as we try to meet and exceed your expectations.
Please don't hesitate to contact our customer service team if you have any more questions or need more information. We are here to help you through every step. Again, thank you for your helpful answer and for being an important member of the Bold Prime team.
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Regards,
Bold Prime
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#EURCAD is possibly bullish
EURCAD has broken through resistance
Main Pattern: Triangle
Analysis: EURCAD has broken through a resistance line. It has touched this line at least twice in the last 23 days. This breakout may indicate a potential move to 1.4485 within the next 4 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Take Profit: 1.4485
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3 469
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#USDCAD is possibly bullish
USDCAD - getting close to psychological price line
Main Pattern: Resistance
Analysis: USDCAD is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 7 days and may test it again within the next 2 days.
Take Profit: 1.3371
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3 469
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#EURCHF is possibly bearish
EURCHF - getting close to psychological price line
Main Pattern: Support
Analysis: EURCHF is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 16 days and may test it again within the next 3 days.
Take Profit: 0.9683
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3 469
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#Brent is possibly bearish
Brent - getting close to psychological price line
Main Pattern: Support
Analysis: Brent is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 3 days and may test it again within the next 13 hours.
Take Profit: 73.9025
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3 469
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#WTI is possibly bullish
WTI - getting close to psychological price line
Main Pattern: Resistance
Analysis: WTI is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 19 days and may test it again within the next 4 days.
Take Profit: 73.3795
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3 469
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#XAGUSD is possibly bearish
XAGUSD has broken through support
Main Pattern: Channel Up
Analysis: XAGUSD has broken through a support line. It has touched this line at least twice in the last 35 days. This breakout may indicate a potential move to 23.2841 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Take Profit: 23.2841
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3 469
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#WTI is possibly bullish
WTI - getting close to psychological price line
Main Pattern: Resistance
Analysis: WTI is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 3 days and may test it again within the next 12 hours.
Take Profit: 69.9935
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3 469
What is "Non-Farm Payrolls" ?
Non-farm payroll is a monthly economic report released by the US Bureau of Labor Statistics. The report provides an estimate of the total number of paid workers in the US, excluding farm employees, government employees, and non-profit employees.
The NFP report is considered to be an important economic indicator, as it provides insights into the state of the US labor market, such as employment trends, wages, and job growth. Traders and investors often use the NFP news to help inform their decisions, particularly those involved in the currency and stock markets.
How do you think NFP will influence the Federal Reserve's monetary policy decisions? Will it affect interest rates or market sentiment? Let's hear your predictions and COMMENT BELOW!
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What aspects of your trading experience with Bold Prime do you find most valuable and beneficial?
3 469
🚨NEWS FOR THE DAY
Investors Stunned as Gold Moves Unexpectedly!
Unexpected gold movement leaves investors bewildered despite significant decrease in US inflation. The precious metal traded weakly in the Asian session at around $1,946 per ounce, while gold futures were higher at $1,960 per ounce.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/investors-stunned-gold-moves-unexpectedly-bold-prime-ltd
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 469
🚨NEWS FOR THE DAY
CPI Fails to Move BTC, Will its Price React During the FOMC Meeting?
Bitcoin (BTC), the king of cryptocurrencies, witnessed a slight increase but later fell again after the US Bureau of Labor Statistics announced a decrease in the Consumer Price Index (CPI) to 4.0%, below the expected 4.1% and April's 4.9%.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/cpi-fails-move-btc-its-price-react-during-fomc-meeting
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 469
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#USDJPY is possibly bullish
USDJPY has broken through resistance
Main Pattern: Triangle
Analysis: USDJPY has broken through a resistance line. It has touched this line at least twice in the last 34 days. This breakout may indicate a potential move to 141.0039 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Take Profit: 141.0039
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3 469
🚨NEWS FOR THE DAY
CPI Weakens USD, All Currencies Now Await Fed Decision!
The Greenback weakened to a three-week low following data indicating a significant decline in US inflation in May.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/cpi-weakens-usd-all-currencies-now-await-fed-decision
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 469
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#AUDNZD is possibly bearish
AUDNZD - getting close to psychological price line
Main Pattern: Support
Analysis: AUDNZD is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 8 days and may test it again within the next 2 days.
Take Profit: 1.0972
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3 469
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#EURAUD is possibly bullish
EURAUD has broken through resistance
Main Pattern: Falling Wedge
Analysis: EURAUD has broken through a resistance line. It has touched this line at least twice in the last 14 days. This breakout may indicate a potential move to 1.5985 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Take Profit: 1.5985
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