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The final significant news of the week will be released in under thirty minutes.
Specifically focus on:
US Unemployment Rate and Nonfarm Payrolls
#GBPNZD: Move Up Ahead?!
I spotted an important bullish pattern on πGBPNZD pair on an intraday chart.
The price violated and closed above the resistance line of a bullish flag formation, following a test of a crucial demand zone.
It is highly probable that the bullish trend will persist in the near future.
The subsequent resistance level is at 2.3082.
βββββββββ
4-hour time frame
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My broker π
https://one.exnesstrack.org/a/u0exuwlj08
#CADJPY: Consolidation is Over!?
CADJPY is consolidating throughout the previous trading day, following a test of a significant daily support level.
The recent bullish momentum pushed the price up, and a breach above a minor resistance level within the prevailing sideways pattern may trigger a bullish reversal.
Further upward price movement is anticipated. The subsequent resistance level is projected at 107.66.
βββββββββ
Hourly time frame
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My broker π
https://one.exnesstrack.org/a/u0exuwlj08
#NZDCAD: Consolidation Continues
The market is currently consolidating within a broad horizontal range on the 4-hour timeframe.
Following a test of the range resistance, a significant bearish engulfing candle emerged, indicating a confirmed change of character (CHOCH).
Based on this analysis, a potential price decline towards the range support is anticipated. The target price is set at 0.8084.
βββββββββ
4H time frame
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My broker π
https://one.exnesstrack.org/a/u0exuwlj08
GOLD (#XAUUSD): Bullish Trend Continues
GOLD is currently exhibiting a robust bullish trend, having recently reached a new higher high.
Following this upward movement, the market entered a phase of consolidation within a narrow parallel channel on the hourly time frame.
The recent violation of the resistance indicates a likely continuation of this upward trend.
Given these technical indicators, I anticipate that GOLD will reach the significant psychological level of 3560, reflecting sustained bullish momentum in the market.
βββββββββ
Hourly time frame
βββββββββ
My broker π
https://one.exnesstrack.org/a/u0exuwlj08
BITCOIN (#BTCUSD): Strong Bullish Price Action
It appears that there are two strong bullish confirmations for πBITCOIN after testing a significant daily support cluster.
The price has violated a trend line within a falling channel, along with the neckline of a double bottom pattern, as indicated by a single, robust bullish candle.
It is possible that the pair could continue to increase in value, potentially reaching the 113,242 level before encountering the next resistance.
βββββββββ
Daily time frame
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My broker π
https://one.exnesstrack.org/a/u0exuwlj08
I wish everyone the best of luck in this new trading season!
As the last days of summer come to a close, and the first trading day of September begins, we are already seeing some surprising extreme bull runs on Gold and Silver.
The markets may become even more volatile with the upcoming FED meeting on September 17th.
Please adhere to your plan, manage your risk, and avoid letting your emotions dictate your actions.
I hope we can make this a profitable period for all of us!
#EURUSD: Consolidation Continues
The EURUSD pair is currently consolidation within a horizontal parallel channel.
A bearish response to the resistance level has been observed, with the price exhibiting a change of character, followed by a decline.
There is a strong likelihood of the price reaching the 1.1602 level in the near term.
βββββββββ
4-hour time frame
βββββββββ
My broker π
https://one.exnesstrack.org/a/u0exuwlj08
#USDCAD: Pullback From Support
There is a strong likelihood that the πUSDCAD will experience a pullback from the support level.
This expectation is reinforced by the formation of a double bottom pattern on the 4-hour time frame, along with a breakout above the neckline of that pattern.
If this bullish momentum continues, the target for the upward movement is set at 1.3833.
βββββββββ
4-hour time frame
βββββββββ
My broker π
https://one.exnesstrack.org/a/u0exuwlj08
CRUDE OIL (#WTI): Consolidation is Over
Following a test of a significant daily support level, USOIL has been consolidating for an entire trading week.
Today's fundamental data has instilled a bullish sentiment in the market, and the price has successfully surpassed a major resistance point within its sideways movement.
It is anticipated that the market will continue to experience growth.
The next resistance level to watch is 66.72.βββββββββ
4-hour time frame
βββββββββ
My broker π
https://one.exnesstrack.org/a/u0exuwlj08
Hey traders, don't forget it's Labor Day today! ποΈ
I'm sitting this one out and getting back at it tomorrow!
GOLD (#XAUUSD): Road to ATH
πGold has been consolidating within a wide horizontal range since the end of May,
on a daily timeframe, and we see a test of its resistance at the moment.
A decisive breakout above the daily resistance cluster would clearly signal a bullish continuation.
I anticipate that the market will soon reach the All-Time High.
