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3 473
🔴🕙 #daily_trading_opportunities 🕙🔴
#EURCAD is possibly bearish
EURCAD has broken through support
Main Pattern: Rising Wedge
Analysis: EURCAD has broken through a support line. It has touched this line at least twice in the last 4 days. This breakout may indicate a potential move to 1.4663 within the next 19 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Take Profit: 1.4663
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3 473
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#GBPCHF is possibly bearish
GBPCHF broke through important 1.1258 price line
Main Pattern: Support
Analysis: GBPCHF has broken through a support line. It has touched this line numerous times in the last 20 hours. This breakout shows a potential move to 1.1233 within the next 5 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Take Profit: 1.1233
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3 473
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#XAGUSD is possibly bullish
XAGUSD has broken through resistance
Main Pattern: Ascending Triangle
Analysis: XAGUSD has broken through a resistance line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 24.5044 within the next 6 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Take Profit: 24.5044
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3 473
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#EURAUD is possibly bearish
EURAUD broke through important 1.6366 price line
Main Pattern: Support
Analysis: EURAUD has broken through a support line. It has touched this line numerous times in the last 16 days. This breakout shows a potential move to 1.6223 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Take Profit: 1.6223
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3 473
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3 473
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#CHFJPY is possibly bullish
CHFJPY has broken through resistance
Main Pattern: Channel Down
Analysis: CHFJPY has broken through a resistance line. It has touched this line at least twice in the last 13 days. This breakout may indicate a potential move to 160.4398 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: 160.4398
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3 473
🚨NEWS FOR THE DAY
Dollar Slumps as Traders Anticipate Peak in U.S. Interest Rates
The weakened dollar continued its decline in Asia on Thursday as traders interpreted slower-than-expected U.S. inflation as a signal that interest rate hikes in the U.S. will likely come to an end by the end of the month.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/dollar-slumps-traders-anticipate-peak-us-interest-rates
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3 473
🚨NEWS FOR THE DAY
Oil Prices Surge in Early Trade as U.S. Inflation Cools Down
Oil prices experienced an early rise in Asian trade on Thursday following the release of U.S. inflation and economic data, which raised hopes that the Federal Reserve would potentially implement fewer interest rate hikes in the largest global economy.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/oil-prices-surge-early-trade-us-inflation-cools-down-bold-prime-ltd
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 473
🚨NEWS FOR THE DAY
US CPI Surprises, but BTC Reaction Disappoints!
Crypto King Bitcoin (BTC) Reclaims $31,000 Position as US Consumer Price Index (CPI) Data Sends Shockwaves. Following the report of a 3% decrease in the US CPI for June, compared to the market's expected 3.1%, Bitcoin surged back to $31,000. With US core inflation reaching 4.8%, the lowest since November 2021, down from 5.3% in May, the Federal Reserve (Fed) may adopt a more dovish stance in their monetary policy actions.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/us-cpi-surprises-btc-reaction-disappoints-bold-prime-ltd
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 473
🚨NEWS FOR THE DAY
US CPI Data Sends Shockwaves Through the Market, Shaking Up New York Session!
The main focus of the market was directed towards the release of US inflation data in the New York session yesterday, which had a significant impact on currency movements, especially the US dollar.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/us-cpi-data-sends-shockwaves-through-market-shaking-up
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 473
🔴🕙 #daily_trading_opportunities 🕙🔴
#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 6 days and may test it again within the next 20 hours.
Take Profit: 1.0733
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3 473
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#AUDJPY is possibly bullish
AUDJPY has broken through resistance
Main Pattern: Falling Wedge
Analysis: AUDJPY has broken through a resistance line. It has touched this line at least twice in the last 6 days. This breakout may indicate a potential move to 94.6697 within the next 17 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Take Profit: 94.6697
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3 473
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#EURGBP is possibly bullish
EURGBP - getting close to psychological price line
Main Pattern: Resistance
Analysis: EURGBP 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 8 days and may test it again within the next 2 days.
Take Profit: 0.8559
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3 473
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#GBPUSD is possibly bearish
GBPUSD has broken through support
Main Pattern: Rising Wedge
Analysis: GBPUSD has broken through a support line. It has touched this line at least twice in the last 5 days. This breakout may indicate a potential move to 1.2910 within the next 9 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Take Profit: 1.2910
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3 473
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#XAUUSD is possibly bullish
XAUUSD broke through important 1935.0900 price line
Main Pattern: Resistance
Analysis: XAUUSD has broken through a resistance line. It has touched this line numerous times in the last 16 days. This breakout shows a potential move to 1948.9160 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Take Profit: 1948.9160
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3 473
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3 473
🚨NEWS FOR THE DAY
Oil Stagnates Following Surprising Surge in U.S. Crude Stockpiles!
In early Asian trading on Wednesday, oil prices showed little change as the potential for increased demand in developing nations and production cuts by major oil exporters counteracted concerns about a possible economic downturn leading to a rise in U.S. crude stockpiles.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/oil-stagnates-following-surprising-surge-us-crude-stockpiles
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 473
🚨NEWS FOR THE DAY
Dollar Tumbles as U.S. Inflation Data Looms, Sterling Surges to 15-Month High!
The dollar plummeted to its lowest level in two months against major currencies on Wednesday, as market focus shifted to an upcoming crucial U.S. inflation report. Meanwhile, sterling surged to a 15-month high due to expectations that the Bank of England (BoE) will continue raising interest rates.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/dollar-tumbles-us-inflation-data-looms-sterling-surges
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 473
🚨NEWS FOR THE DAY
The Market Developments Traders Need to Know Ahead of US CPI Data!
The US dollar weakened yesterday to a two-month low, signaling that the central bank is nearing the end of its tightening monetary policy phase. The depreciation of the US dollar is also driven by investors' caution ahead of the release of US inflation data in the New York session shortly.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/market-developments-traders-need-know-ahead-us-cpi-data
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
Trade Smart, Trade Bold Prime
3 473
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#USDCAD is possibly bearish
USDCAD broke through important 1.3238 price line
Main Pattern: Support
Analysis: USDCAD has broken through a support line. It has touched this line numerous times in the last 12 days. This breakout shows a potential move to 1.3174 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: 1.3174
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