Technical My Tips

📊Gold corrects slightly, but bullish trend remains intact The gold (XAU) price retreated slightly by 0.09% on Thursday after reaching a record peak in the previous trading session. Gold's bullish trend remains intact, fuelled by anticipated U.S. rate cuts and global macroeconomic and political uncertainty. 👉Possible effects for traders Yesterday's decline in XAUUSD was most likely a technical correction, as a strong short-term rally lost steam near a major $3,050 resistance level. 'Speculators are trying to take advantage of the market and take some profit off the table... I think anytime gold sets a high, we see a little bit of resistance. Gold is not even acting as a safe-haven asset yet to retail investors because, technically, we're not in a recession. We are seeing the slowdown in the economy, and that could very well create further uncertainty and more desire for safe-haven assets', said Alex Ebkarian, chief operating officer at Allegiance Gold. Jerome Powell, Fed Chair, said on Wednesday that U.S. President Donald Trump's policies, including extensive import tariffs, may have slowed U.S. economic growth and increased inflation. Even though the U.S. inflation remains above the Federal Reserve's (Fed) official target, FOMC members continue to predict two 25-basis-point (bps) rate cuts by the end of the year. Donald Trump criticised the Fed for leaving the current rate on hold at the last meeting. Meanwhile, the latest interest rate swaps market data implies a 26% chance that the Fed benchmark rate will be lowered into the 3.5–3.75% range, 75 bps below the current level. XAUUSD fell during the Asian and early European trading sessions. Today's macroeconomic calendar doesn't feature any major data releases, so volatility may remain relatively low. 'In our bull case, we see gold prices reaching $3,500 per ounce by year-end, underpinned by much higher hedging or investment demand on fears of US hard landing or stagflation', analysts at Citi said in a note. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊Euro weakens due to strengthening U.S. dollar The euro (EUR) lost 0.46% against the U.S. dollar (USD) on Thursday as the U.S. Dollar Index (DXY) continued to rebound from its recent lows. 👉Possible effects for traders EURUSD has been declining steadily after reaching a five-month high on 18 March. Strong technical resistance near 1.09500 and a weak eurozone macroeconomic outlook prompted traders to take profit on their long positions. U.S. President Donald Trump's impending tariffs, scheduled for 2 April, create market uncertainty and lead investors to avoid short positions in the U.S. dollar. On Thursday, strategists at Morgan Stanley recommended investors close their long EURUSD and GBPUSD positions ahead of 2 April. 'We think that it is better to consider re-entering USD shorts at more attractive levels rather than holding the positions here', they wrote in a note. Meanwhile, Expansión, a Spanish economic and business newspaper, reported that the European Central Bank (ECB) has ruled out rate hikes due to the latest delay in reaching the inflation target. Different sources close to the Governing Council told Expansión that price stability is not expected to be reached until 2026. However, the ECB emphasised that this fact won't influence decisions regarding the interest rate levels the economy requires. This means that the ECB will likely continue to pursue a mostly accommodating, dovish monetary policy in the months ahead, putting downward pressure on EURUSD. EURUSD fell during the Asian and early European trading sessions. Today's macroeconomic calendar doesn't feature major data releases, so the chances of large moves in EUR pairs are rather low. Only the Current Account report at 9:00 a.m. UTC and the Consumer Sentiment report at 3:00 p.m. UTC may trigger some volatility. Still, traders are advised to monitor the news regarding trade tariffs and Russia-Ukraine peace talks. Key levels to watch are support at 1.08000 and resistance at 1.08700. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊Downward trend in Bitcoin persists The Bitcoin (BTC) price dropped by 3.1% on Thursday. The drop happened a day after the Federal Reserve (Fed) indicated it was in no rush to cut interest rates due to uncertainties around U.S. tariffs. 👉Possible effects for traders Speaking at the Digital Asset Summit in New York, U.S. President Donald Trump declared an end to what he called the 'regulatory war on crypto', signalling a major shift from the previous administration. Trump proposed a clear, common-sense framework for stablecoins and market structure, with Congress now facing pressure to pass landmark legislation. This comes right after his executive order establishing a Strategic Bitcoin Reserve. Meanwhile, the Senate just pushed the stablecoin-focused GENIUS Act forward with bipartisan support, setting the stage for a full vote next month. In addition, Senator Cynthia Lummis is making moves with her BITCOIN Act, which would greenlight up to $80 billion in Bitcoin acquisitions for the U.S. government. However, the market reaction to these bullish developments has been relatively muted. This is probably because a lot of optimism related to Trump’s crypto-friendly administration had been priced in previously. At the same time, Ki Young Ju, the founder and CEO of CryptoQuant, gave a rather pessimistic prediction. I've been calling for a bull market over the past two years, even when indicators were borderline. Sorry to change my view, but it now looks pretty clear that we’re entering a bear market', he wrote on the X platform. He rests his case on the assumption that the bullish cycle peak has already been reached, as most active retail investors have already entered the market via exchange-traded funds (ETFs). BTCUSD remained relatively unchanged during the Asian and early European trading sessions. Today's macroeconomic calendar is relatively uneventful, so volatility may remain low. Technically, BTCUSD has now dropped below the 200-day moving average, so most market participants will likely continue to search for selling opportunities.

USDJPY, 15-minute timeframe chart 👉Level explanation USDJPY has been under buying pressure within the last day. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 149.390. Set your stop loss at 149.720 above the previous high ($2.21 loss for 0.01 lot) and take profit at 149.060 ($2.21 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. Some traders may close their positions on Friday, which can add more pressure to the market.

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Major announcements like interest rates and job reports can move markets. Pay attention to the economic calendar to plan your trades accordingly. Start Trading:

📊Gold rally doesn't lose bullish momentum The gold (XAU) price gained 0.44% on Wednesday, fuelled by the prospect of Federal Reserve (Fed) rate cuts and safe-haven buying due to trade tariffs uncertainty and geopolitical instability. 👉Possible effects for traders As expected, the Fed held its benchmark unchanged in the 4.25–4.5% range. However, Fed policymakers still expect the central bank to deliver two 0.25 percentage points cuts by this year's end, matching their December projection. Jerome Powell, Fed Chairman, stated that the Trump administration's early policies, particularly import tariffs, seem to have contributed to slower U.S. economic growth and a temporary rise in inflation. A confluence of factors—tariff uncertainties, the prospect of rate reductions, global central bank gold demand, and renewed tensions in the Middle East—has propelled gold to an extraordinary rally, resulting in 16 record highs in 2025, four exceeding $3,000. Still, traders should watch out for possible unexpected downward corrections. 'Given the very good performance in gold through Q1, I think a correction is not out of the question. However, so far, corrections have been relatively short-lived and well bid... $3,090–$3,100 may see some resistance', said Nicholas Frappell, global head of institutional markets at ABC Refinery. XAUUSD rose during the Asian and early European trading sessions. Today, more interest rate decisions are coming up. Swiss National Bank (SNB) and the Bank of England (BoE) will announce their base rates at 8:30 a.m. UTC and 12:00 p.m. UTC. In addition, the U.S. Jobless Claims report will come out at 12:30 p.m. UTC. Lower-than-expected figures could pause the rally in XAUUSD, but such a setback will likely be short-lived. Conversely, higher-than-expected results may pull XAUUSD higher towards the $3,083. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊Euro fails to rise even as U.S. dollar weakens The euro (EUR) lost 0.38% against the U.S. dollar (USD) on Wednesday, even as the greenback failed to rally due to the Federal Reserve's (Fed) dovish message. 👉Possible effects for traders As expected, the Fed held interest rates steady but indicated that policymakers anticipate reducing borrowing costs by 0.5 percentage points by the end of this year. The U.S. Dollar Index (DXY) weakened after the decision but generally remained positive on the day. Fed officials revised their 2025 inflation forecast upward in response to the Donald Trump administration's tariffs. They now expect inflation to reach 2.7%, exceeding the 2.5% projection from December and surpassing the 2% target. This U.S. inflation outlook supported the greenback and pressured EURUSD, which has been moving predominantly range-bound for several days. 'I think that we're probably going to be kind of floating around here until we get some firm first-quarter GDP data... that's going to be a really big tell for traders as to whether this economic weakness that everyone's worried about, it's fully materialising', said Helen Given, director of trading at Monex USA. Meanwhile, the Eurostat statement showed that inflation in the eurozone was 2.3% in February. The figure is below the previously reported 2.4% and aligns with earlier economist estimates. However, core inflation—an indicator closely watched by policymakers, which excludes volatile food and energy costs—remained at 2.6%. It held steady even after the monthly growth rate was cut from 0.6% towards 0.5%. While the revision is significant, it's not expected to substantially alter expectations for the European Central Bank's (ECB) April policy meeting. EURUSD fell slightly during the Asian and early European trading sessions. Today, the Swiss National Bank (SNB) and the Bank of England (BOE) will announce their policy rate decisions at 8:30 a.m. UTC and 12:00 p.m. UTC. The announcements may add some volatility to EUR pairs. In addition, the U.S. Jobless Claims report is due at 12:30 p.m. UTC. Lower-than-expected figures could push EURUSD below 1.08750. Conversely, higher-than-expected results may pull EURUSD towards 1.09460. Also, traders should note that several ECB policymakers, including ECB President Christine Lagarde, will give speeches later today. Their remarks, particularly regarding the current economic outlook and potential policy adjustments, might offer clues about the central bank's upcoming decisions. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊Weak employment report pushes AUD down The Australian dollar (AUD) weakened against the U.S. dollar on Wednesday but later recovered and finished the day essentially unchanged. 👉Possible effects for traders Earlier today, AUDUSD started to fall again after the Australian Bureau of Statistics released a surprisingly weak Employment report. Figures showed net employment fell by 52,800 in February from January compared with the expected 30,000 rise. Annual job growth pulled back sharply from 3.5% to just 1.9%. Still, figures remain in line with long-running averages. After hitting a record high of 67.2% in January, the participation rate slumped towards 66.8%. However, the unemployment rate stayed at 4.1%, matching market expectations. Interest rate swaps market data still implies only a small 10% chance of a rate cut by the Reserve Bank of Australia (RBA) at the April 1 meeting. Meanwhile, the chances of a rate reduction in May have risen from 70% towards 78%. The RBA cut interest rates last month for the first time in four years but cautioned that further easing isn't guaranteed, given the surprisingly strong labour market could risk stoking inflation. Now, the labour market no longer looks strong, so investors expect the RBA to turn dovish again. These expectations put downward pressure on AUDUSD. AUDUSD dropped below the important 100-day moving average during the Asian and early European trading sessions. Today, the focus is on two central banks' decisions and U.S. macro data. The Swiss National Bank (SNB) and the Bank of England (BOE) will announce their policy rate decisions at 8:30 a.m. UTC and 12:00 p.m. UTC, respectively. Also, the U.S. Jobless Claims report will come out at 12:30 p.m. UTC. Lower-than-expected figures could push AUDUSD towards 0.63000. Conversely, higher-than-expected results may pull the pair above 0.63500. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

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📊Strong safe-haven demand pushes gold towards new highs The gold (XAU) price rose by 1.08% on Tuesday and reached another all-time high of $3,034, according to Saxo Bank. 👉Possible effects for traders Safe-haven demand fuelled by geopolitical tensions, tariff uncertainty, and solid central banks' purchases continues to support gold. Israel renewed airstrikes in Gaz after two months of relative calm, triggering a flight to safety among investors. Furthermore, the ambiguity surrounding the Federal Reserve's (Fed) upcoming rate decision creates a climate of macroeconomic uncertainty. The lack of clarity fosters a cautious approach, with investors choosing the existing bullish momentum in gold rather than attempting to anticipate the Fed's potentially market-shifting announcement. 'If the FOMC meeting takes on a dovish tone in response to growing uncertainty over how tariffs may impact growth, this could provide a further assist to the gold price... could be a green light for gold to make a push above $3,050', KCM Trade chief market analyst Tim Waterer said. XAUUSD rose slightly during the Asian and early European trading sessions. Today is the week's most important event—Fed interest rate decision at 6:00 p.m. UTC. Traders expect the Fed to leave its policy rate unchanged in the 4.25–4.5% range. The decision itself may not affect the market, but new details in the FOMC Statement and during the press conference may cause volatility in USD. Traders will pay close attention to the Fed's economic outlook and the so-called 'dot plot' to understand the central bank's policy trajectory. The dot plot is a chart that visually represents the projections of each FOMC member for the target range of the federal funds rate. If the Fed downgrade its economic forecast and the FOMC dots median decreases while the Fed Chair hints that more rate cuts are coming, XAUUSD will rise. If the FOMC Statement includes better economic assessments, the dots median rises, and Jerome Powell sounds less dovish or even hawkish, XAUUSD may drop significantly. 'Spot gold may test support at $3,017 per ounce, a break below which could cause a fall into $2,993–3,002 range', said Reuters analyst Wang Tao. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊Euro finds support in ECB monetary policy and new budget plan The euro (EUR) rose by 0.2% against the U.S. dollar (USD) on Tuesday as Germany's parliament approved a large-scale spending plan. 👉Possible effects for traders Germany's recent parliamentary decision to authorise a significant increase in government expenditures marks a step away from its traditionally cautious fiscal approach. This shift aims to stimulate economic expansion and bolster military capabilities. 'Germany, and by extension the eurozone, getting their fiscal act together isn't only long overdue but supports the bull case for the common currency over the medium-term', said Michael Brown, senior research strategist at Pepperstone. Data indicating a stronger-than-anticipated improvement in German investor sentiment for March further bolstered the euro. Meanwhile, the likelihood of the European Central Bank (ECB) implementing two additional rate cuts in 2025 dropped below 30%. The change implies that the anticipated differences in monetary policies between the ECB and the Federal Reserve (Fed) are now negligible. This additionally supports the euro. EURUSD remained essentially flat during the Asian and early European trading sessions. Today, traders should focus on the Fed's interest rate decision, due at 6:00 p.m. UTC. Analysts anticipate the Fed will keep its monetary policy unchanged due to persistent inflation. Investors are more interested in the Fed's new economic projections and seeking clues about how U.S. central bankers perceive the effects of Donald Trump's policies. 'The SEP (Summary of Economic Projections) will be the most interesting aspect, I imagine, with near-term inflation expectations likely nudged higher, and growth projections marked down a touch, though conviction behind those forecasts is going to be lacking amid the ever-changing macro outlook', said Michael Brown, senior research strategist at Pepperstone. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Fed interest rate decision may outline USDJPY trend The Japanese yen (JPY) attempted to rise towards 150.000 against the U.S. dollar (USD) yesterday but failed and finished the day essentially unchanged. 👉 Possible effects for traders Just a few hours ago, the Bank of Japan (BOJ) announced that it would keep its key interest rate unchanged, highlighting policymakers' cautious approach. They prioritise carefully assessing the potential impact of escalating global economic risks, particularly those from increased U.S. tariffs, on Japan's delicate economic recovery. USDJPY rose in the immediate aftermath of the decision, though moves in the currency became slightly more volatile shortly after. 'The decision to leave monetary policy unchanged itself is not a surprise, so its impact on exchange rates is limited. However, the earlier-than-usual timing of the announcement seems to have led financial markets to initially interpret that the BOJ didn't consider bringing forward a rate hike', said Hirofumi Suzuki, chief FX strategist at SMBC. Fundamentally, investors expect the central bank to deliver at least two 25-basis-point hikes later this year. The probability that Japan's base rate will rise towards 1% by December 2025 currently stands at 26%. It's reasonable to expect that the broader bearish trend in USDJPY, which began in mid-January 2025, will likely persist in the medium term. USDJPY was rising during the Asian and early European trading sessions. Today, traders will focus on the Federal Reserve interest rate decision at 6:00 p.m. UTC. Traders expect the policy rate to remain unchanged in the 4.25–4.50% range. New details in the FOMC Statement and during the press conference may outline the U.S. dollar trend. If the Fed downgrades its economic forecast and Jerome Powell, Fed Chair, hints at more rate cuts, USDJPY will likely fall below 149.000. Otherwise, with less dovish or hawkish comments and statements, USDJPY may rise above 150.700. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

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