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🚀 Bitcoin is approaching the $100,000 level Yesterday, Bitcoin (BTC) rose sharply by 4.29%, reaching an all-time high of $99,000. Today, the upward trend continued in the Asia session, with the price approaching the psychological level of $100,000. 👉 Possible effects for traders The recent victory of Donald Trump in the U.S. presidential election has significantly boosted the appeal of Bitcoin. Previously, Trump had been known for his scepticism towards cryptocurrencies, but he has since changed his stance. He pledged to turn the U.S. into a global hub for blockchain technology and digital assets. His administration has outlined potential policies that could benefit the crypto industry, including tax incentives, clearer regulations, and the potential creation of a U.S. strategic Bitcoin reserve. Institutional investors, such as hedge funds and asset management companies, are increasing their bitcoin reserves. This positive development indicates growing confidence in the cryptocurrency. Experts have revised their price forecasts, with some predicting that bitcoin could reach $120,000 by early 2025. The recent increase in BTC value has coincided with a halving event—a pre-determined reduction in the rewards paid to miners for verifying transactions. Halvings occur approximately every four years, reducing the rate at which new Bitcoins enter circulation. This decreases the number of newly created BTC, potentially leading to further price appreciation. Considering all factors, Bitcoin may reach $100,000 in the near future. If the price breaks through this psychological barrier and continues to rise, we may see it reaching $120,000 or higher. Still, a correction from the current level towards around $90,000 is also possible. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

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#economic_calendar These events may affect the market on 22 November. 🔥 Don't forget to get a 100% deposit bonus!

XAUUSD, 15-minute timeframe chart XAUUSD pulled back from the resistance level of 2,671.00 👉Level explanation XAUUSD has been trading in a sideways market for the last couple of hours. The pair moved up to the resistance level of 2,671.00. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 2,665.00. Set your stop loss at 2,673.50 above the previous high ($8.50 loss for 0.01 lot) and take profit at 2,656.50 ($8.50 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

Today at 1 p.m. UTC, the South African Reserve Bank lowered the interest rate from 8% to 7.75%, indicating negative expectations for the ZAR and the South African economy. This is a second decline in a row after the previous decision to cut the rate by 25 basis points on 19 September. The reason for the rate cut is a wish of the authorities to constrain inflation. However, analysts forecast that the interest rate will be lowered even further, which is a dovish sign for the currency. The Monetary Policy Committee of the Bank is responsible for defining the interest rate in the country. This is the rate upon which the central bank loans money to commercial banks. #forexnews #ZAR #southafricaza #Trading #Forex #MarketUpdates

USDCAD, 15-minute timeframe char USDCAD retested the resistance level of 1.39650 👉Level explanation USDCAD has been under selling pressure within the last couple of hours. The pair moved up to the resistance level of 1.39650. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.39600. Set your stop loss at 1.39750 above the previous high ($1.08 loss for 0.01 lot) and take profit at 1.39400 ($1.44 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.33. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 Gold rises on geopolitical risks Gold (XAU) has been rising for three consecutive days, gaining 0.69% yesterday. 👉 Possible effects for traders Geopolitical risks linked to the Russia-Ukraine conflict remain a key driver of gold's upward trend. Tensions escalated when Ukraine got permission to use long-range missiles, and, in response, Russian President Vladimir Putin lowered the nuclear strike threshold, boosting demand for gold. A weaker U.S. dollar (USD) further supported the bullish trend in XAUUSD. In the U.S., investor sentiment suggests that expansionary policies proposed by President-elect Donald Trump may lead to increased inflation and force the Federal Reserve (Fed) to stop reducing interest rates. A member of the Fed Board of Governors, Lisa Cook, warned that a slowdown in inflation decline could lead to a pause in further rate reductions. Another Fed member, Michelle Bowman, said that progress in combating inflation has slowed and that the central bank should adopt a cautious approach to monetary policy. According to CME Group's FedWatch Tool, there is a 50% chance that the Fed won't reduce interest rates in December. XAUUSD was testing the $2,650 resistance level and continued rising during the Asian session, reaching a 1.5-week high. If the pair manages to hold above the resistance, it could rise further towards $2,700 or higher. Alternatively, if the price pulls back from the resistance, a sideways movement may be expected. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 EURUSD could rebound as the market is likely mispricing Fed rate cuts The euro (EUR) lost 0.49% against the U.S. dollar (USD) on Wednesday as the U.S. Dollar Index (DXY) renewed its post-election rally after a three-session decline. 👉 Possible effects for traders Overall, EURUSD is down more than 3.5% as the U.S. presidential election prompted investors to expect fewer rate cuts from the Federal Reserve (Fed). They suggest that Donald Trump's policies would be inflationary, leading to a tighter monetary policy. However, there is a risk that the rally in DXY is overdone. ‘There's a lot of pessimism about Fed rate cuts that we think is misplaced. The rest of the world, except for Japan, has to cut because they have zero growth, basically, and without the U.S., they'd be in a recession. Everybody is super-bearish, in our opinion too bearish, about Fed cuts’, said Jay Hatfield, CEO at Infrastructure Capital Advisors in New York. In other words, the market sentiment isn't balanced right now, which increases the risk of a sharp upward correction in EURUSD. According to CME's FedWatch Tool, markets are pricing in a 52% chance of a 25-basis-point cut at the Fed's December meeting, down from 82.5% a week ago. At the same time, the market is a lot more optimistic about the rate cuts in the eurozone. Interest rate swaps market data implies a 49% probability that the European Central Bank (ECB) would reduce its base rate to just 2% by mid-2025. In addition, there is a growing risk that potential global trade tensions will damage the eurozone economy, which is predominantly export-based. Thus, investors lack strong reasons to buy and hold the euro. EURUSD was relatively flat during the Asian and early European trading sessions. Today, the market will get more clues on the state of the U.S. economy from the latest weekly Jobless Claims report at 1:30 p.m. UTC and Existing Home Sales data at 3:00 p.m. UTC. Better-than-expected results will likely trigger another sell-off in EURUSD, potentially pushing the pair towards a multi-month low. Conversely, worse-than-expected results may pull EURUSD above the 1.05800 level. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 GBPUSD continues to move in a downtrend The British pound (GBP) lost 0.25% on Wednesday as rising geopolitical tensions offset the impact of a topside U.K. Consumer Price Index (CPI) data. 👉 Possible effects for traders The escalation of tensions between Russia and Ukraine led to increased volatility in currency markets in the past two trading sessions, resulting in erratic price movements. GBPUSD fell towards session lows following reports that Ukraine fired missiles into Russian territory. Despite this, market movements have been relatively contained so far. With the latest inflation data showing services CPI aligning with the Bank of England's (BOE) projections, the impact on the policy outlook was minimal, supporting the case for a 25-basis-point rate cut by the BOE. After a decline, the U.S. dollar (USD) started to grow again, approaching a one-year high. The U.S. dollar gained over 2% after the presidential election. People expect Trump's new policies to accelerate inflation, so the Federal Reserve (Fed) might not lower interest rates anytime soon. At the same time, everyone's thinking about what Trump's tariff plans mean for other countries. Europe and China will likely feel the impact of implementing these tariffs. It's hard to bet against the U.S. dollar right now, according to Matt Simpson from City Index. People are also wondering if the Fed will still cut rates next month. There's about a 54% chance of the Fed reducing rates at the next meeting in December, down from 82.5% just a week ago, according to CME's FedWatch Tool. GBPUSD has been moving sideways Thursday morning. Today, market participants will be waiting for the U.S. Jobless Claims report at 1:30 p.m. UTC. Analysts expect the data to grow from 217,000 towards 220,000. If the numbers are higher than expected, they may support GBPUSD. Otherwise, the downtrend in the pair will likely continue. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

GBPJPY, 15-minute timeframe char GBPJPY retested the resistance level of 196.0000 👉Level explanation GBPJPY has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 196.000. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 0.65180. Set your stop loss at 196.450 above the previous high ($2.91 loss for 0.01 lot) and take profit at 195.350 ($4.19 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.44. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

AUDUSD, 30-minute timeframe chart AUDUSD retested the resistance level of 0.65220 👉Level explanation AUDUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 0.65220. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 0.65180. Set your stop loss at 0.65450 above the previous high ($2.70 loss for 0.01 lot) and take profit at 0.64910 ($2.70 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

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#economic_calendar These events may affect the market on 21 November. 🔥 Don't forget to get a 100% deposit bonus!

USDJPY, 1-hour timeframe chart USDJPY retested the resistance level of 155.760 👉Level explanation USDJPY has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 155.760. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 155.486. Set your stop loss at 156.093 above the previous high ($3.90 loss for 0.01 lot) and take profit at 154.879 ($3.90 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

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BTCUSD, 15-minute timeframe chart BTCUSD retested the resistance level of 93,750.00 👉Level explanation BTCUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 93,750.00. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 93,700.00. Set your stop loss at 94,650.00 above the previous high ($9.50 loss for 0.01 lot) and take profit at 92,750.00 ($9.50 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

EURUSD, 30-minute timeframe char EURUSD broke the support level of 1.05750 👉Level explanation EURUSD has been under selling pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.05700. Set your stop loss at 1.06100 above the previous high ($4.00 loss for 0.01 lot) and take profit at 1.05250 ($4.50 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.12. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 Investors reallocate their capital to gold Gold (XAU) extended its rally yesterday, rising 0.78% and nearing the $2,650 resistance level. A breakout above $2,650 could signal the end of a downward correction and a return to the global uptrend. 👉 Possible effects for traders Geopolitical tensions between Russia and Ukraine continue to drive demand for safe haven assets. Recent news about the possibility of the U.S. allowing the use of long-range missiles has prompted investors to seek safe haven assets and rush into gold. The possible consequences of this decision aren't fully clear, and it may lead to a negative reaction from Russia. Russian President Vladimir Putin on Tuesday signed a decree approving an updated nuclear doctrine that changes situations when Russia can use nuclear weapons. Despite these developments, recent comments from U.S. and Russian officials have eased fears of a full-scale nuclear conflict. Meanwhile, plans for a tax reduction announced by the next U.S. President Donald Trump and his administration could boost inflation, potentially prompting the Federal Reserve (Fed) to raise interest rates. Kansas City Fed President Jeffrey Schmid downplayed concerns about inflation, stating that a large fiscal deficit wouldn't necessarily create inflationary pressure, as the central bank would manage it. The CME Group's FedWatch tool indicates a less than 60% probability of a 25-basis-point rate cut in December. Today, gold may attempt to break above the $2,650 resistance level. If XAUUSD fails to hold above the level, the pair could decline back to around $2,600. ‘Spot gold may rise to $2,665 per ounce, as it has broken a falling trendline and resistance at $2,634’, said Reuters expert Wang Tao. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 Euro stabilises on mixed data and nuclear threats The euro (EUR) finished Tuesday essentially unchanged against the U.S. dollar (USD) amid increased volatility induced by rising geopolitical risks. 👉 Possible effects for traders Initially, EURUSD fell below 1.05450 but regained most of its losses after U.S. housing data came out mixed and indicated a slowdown in residential construction. However, the data release wasn't important enough to change the established bullish trend in USD. Furthermore, safe haven currencies got an additional boost yesterday as Russia announced that it would lower its threshold for a nuclear strike in response to Joe Biden's decision to allow Ukraine to use U.S.-made weapons to strike deep into Russia. However, the initial market response was tempered by Russian Foreign Minister Sergei Lavrov's assurance that Russia would do everything possible to prevent a nuclear conflict. ‘We're seeing a reversal after Lavrov's comments; also the U.S. won't respond to this change in the Russian nuclear doctrine, that's played a role too in sentiment calming down here a bit. A nice three-week flush of over-leveraged long positions and geopolitical risk hasn't gone away; it's still a crazy, dangerous world out there’, said Erik Bregar, director of FX & precious metals risk management at Silver Gold Bull in Toronto. Meanwhile, eurozone inflation figures largely aligned with market expectations and with the European Central Bank (ECB) target of 2%. The economic data opens the door for the ECB to continue cutting interest rates. EURUSD was falling slightly during the Asian and early European trading sessions. Today's formal macroeconomic calendar doesn't feature any important data releases. However, a speech by Christine Lagarde, the ECB president, at 1:00 p.m. UTC may trigger some volatility. EURUSD traders should monitor the following levels: 1.06300 and 1.05560. An escape from this range may determine the trend direction. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH