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3 477
🚨NEWS FOR THE DAY
Major Currencies Shaken by NFP Data Impact! Significant Shifts in Forex Market!
Trading focus at the end of last week was directed towards the release of the Non-Farm Payrolls (NFP) report for July in the United States (US), which had a significant impact on the movement of major currencies, especially the US dollar.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/major-currencies-shaken-nfp-data-impact-significant-shifts
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 477
🚨NEWS FOR THE DAY
5 Important Market-Focused Economic Data News This Week (7-11 August 2023)
The following are some of the important economic data that will be the focus of the market this week:
➡️ Click Here to Read More: https://www.linkedin.com/pulse/5-important-market-focused-economic-data-news-week-7-11
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 477
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#EURCHF is possibly bullish
EURCHF - getting close to psychological price line
Main Pattern: Resistance
Analysis: EURCHF 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 17 days and may test it again within the next 3 days.
Take Profit: 0.9651
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3 477
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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 3 days and may test it again within the next 14 hours.
Take Profit: 1.0757
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3 477
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#AUDJPY is possibly bullish
AUDJPY has broken through resistance
Main Pattern: Triangle
Analysis: AUDJPY has broken through a resistance line. It has touched this line at least twice in the last 9 days. This breakout may indicate a potential move to 94.4225 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: 94.4225
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3 477
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#XAUUSD is possibly bullish
XAUUSD - getting close to psychological price line
Main Pattern: Resistance
Analysis: XAUUSD 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: 1953.9600
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3 477
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#GBPUSD is possibly bullish
GBPUSD has broken through resistance
Main Pattern: Channel Down
Analysis: GBPUSD has broken through a resistance line. It has touched this line at least twice in the last 11 days. This breakout may indicate a potential move to 1.2792 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: 1.2792
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3 477
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#Brent is possibly bullish
Brent - getting close to psychological price line
Main Pattern: Resistance
Analysis: Brent 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 4 days and may test it again within the next 16 hours.
Take Profit: 85.9075
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3 477
🚨NEWS FOR THE DAY
US Unemployment Claims Rise, BTC Remains Unchanged!
The price of the "mother" of all cryptocurrencies, Bitcoin (BTC), remains stagnant amid rising US unemployment claims and increasing treasury yields. Several major altcoins have experienced more than a 5% decline in the past 24 hours due to surging yields, but Bitcoin (BTC) seems to be trading in a range between $29,000 and $20,500.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/us-unemployment-claims-rise-btc-remains-unchanged-bold-prime-ltd
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 477
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#AUDCAD is possibly bullish
AUDCAD has broken through resistance
Main Pattern: Falling Wedge
Analysis: AUDCAD has broken through a resistance line. It has touched this line at least twice in the last 10 days. This breakout may indicate a potential move to 0.8830 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: 0.8830
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3 477
🚨NEWS FOR THE DAY
Gold Traders on Edge, Hoping for Negative NFP Tonight!
Investors are limiting their positions in gold ahead of the release of the US Nonfarm Payrolls (NFP) data. This has kept gold hovering around the same price, at approximately $1,935 per ounce during the Asian session, despite some minor fluctuations in the previous session.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/gold-traders-edge-hoping-negative-nfp-tonight-bold-prime-ltd
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 477
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3 477
🚨NEWS FOR THE DAY
The USD Begins to Retreat, Investors Cautious Ahead of NFP!
US dollar retreats from four-week high amid investor caution ahead of US nonfarm payrolls data release. At the time of writing, the US Dollar Index, measuring the strength of the greenback, is trading around 102.40 against six other major currencies.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/usd-begins-retreat-investors-cautious-ahead-nfp-bold-prime-ltd
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
Trade Smart, Trade Bold Prime
3 477
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#EURAUD is possibly bullish
EURAUD - getting close to psychological price line
Main Pattern: Resistance
Analysis: EURAUD 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 2 days and may test it again within the next 11 hours.
Take Profit: 1.6730
🔷Trade Smart, Trade Bold Prime🔷
3 477
🚨NEWS FOR THE DAY
Global Oil Prices Surge on the Heels of Historic Sixth Weekly Gain, Producers Commit to Output Cuts
Oil prices climbed for the second consecutive day on Friday, pointing towards their sixth consecutive week of gains. This surge came after Saudi Arabia and Russia, ranked as the second and third-largest crude producers globally, committed to reducing output through the following month.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/global-oil-prices-surge-heels-historic-sixth-weekly-gain
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
Trade Smart, Trade Bold Prime
3 477
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#GBPCHF is possibly bearish
GBPCHF has broken through support
Main Pattern: Channel Up
Analysis: GBPCHF has broken through a support line. It has touched this line at least twice in the last 17 days. This breakout may indicate a potential move to 1.1040 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: 1.1040
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3 477
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#EURJPY is possibly bearish
EURJPY broke through important 156.1550 price line
Main Pattern: Support
Analysis: EURJPY 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 153.7735 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: 153.7735
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3 477
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#USDCHF is possibly bearish
USDCHF - getting close to psychological price line
Main Pattern: Support
Analysis: USDCHF 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 10 days and may test it again within the next 2 days.
Take Profit: 0.8684
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3 477
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#AUDNZD is possibly bullish
AUDNZD has broken through resistance
Main Pattern: Falling Wedge
Analysis: AUDNZD 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 1.0789 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: 1.0789
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3 477
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#Brent is possibly bullish
Brent - getting close to psychological price line
Main Pattern: Resistance
Analysis: Brent 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: 83.8335
🔷Trade Smart, Trade Bold Prime🔷
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