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3 475
🚨NEWS FOR THE DAY
USD Shaky, But Still Strong
The US dollar slightly reduced its gains on Wednesday after surging to its highest level in three weeks against most major currencies. Economic data from the New York session showed that the US Manufacturing PMI continued to contract in July, recording a figure of 46.4 compared to the expected 46.8.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/usd-shaky-still-strong-bold-prime-ltd
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3 475
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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 1.0795 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: 1.0795
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3 475
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#CHFJPY is possibly bullish
CHFJPY - getting close to psychological price line
Main Pattern: Resistance
Analysis: CHFJPY 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 12 days and may test it again within the next 2 days.
Take Profit: 164.0190
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3 475
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#EURAUD is possibly bullish
EURAUD has broken through resistance
Main Pattern: Inverse Head and Shoulders
Analysis: EURAUD has broken through a resistance line. It has touched this line at least twice in the last 14 days. This breakout may indicate a potential move to 1.6654 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: 1.6654
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3 475
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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 16 days and may test it again within the next 3 days.
Take Profit: 0.8598
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3 475
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#GBPUSD is possibly bearish
GBPUSD broke through important 1.2826 price line
Main Pattern: Support
Analysis: GBPUSD has broken through a support line. It has touched this line numerous times in the last 8 days. This breakout shows a potential move to 1.2734 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: 1.2734
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3 475
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3 475
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#USDJPY is possibly bearish
USDJPY has broken through support
Main Pattern: Rising Wedge
Analysis: USDJPY 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 142.1546 within the next 7 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: 142.1546
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3 475
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#AUDCAD is possibly bearish
AUDCAD - getting close to psychological price line
Main Pattern: Support
Analysis: AUDCAD 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 5 days and may test it again within the next 11 hours.
Take Profit: 0.8795
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3 475
🚨NEWS FOR THE DAY
Vigilant! Will MicroStrategy's Q2 Report Strengthen BTC?
American-based business intelligence company, MicroStrategy, known for its staunch support of cryptocurrency, is gearing up to report its financial results for the second quarter on August 1, 2023.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/vigilant-microstrategys-q2-report-strengthen-btc-bold-prime-ltd
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 475
🚨NEWS FOR THE DAY
Gold Makes Dramatic U-Turn - Markets React to Sudden Reversal!
Gold erased some of its gains in the Asian session today after surging high in the previous session. Spot gold traded gloomy at around $1,960 per ounce (at the time of writing), down from its yesterday's peak of around $1,970.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/gold-makes-dramatic-u-turn-markets-react-sudden-reversal
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 475
🚨NEWS FOR THE DAY
Oil Maintains Near Three-Month High Amid Indications of Tightening Supply
Oil prices remained relatively stable on Tuesday, hovering close to a three-month high achieved on Monday. This was attributed to indications of a tightening global supply as oil producers enacted output cuts, coupled with robust demand in the United States, the world's largest fuel consumer.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/oil-maintains-near-three-month-high-amid-indications-tightening
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3 475
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#WTI is possibly bearish
WTI has broken through support
Main Pattern: Channel Up
Analysis: WTI 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 81.3365 within the next 13 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: 81.3365
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3 475
🚨NEWS FOR THE DAY
USD Rallies Strongly Once More - Who's Taking the Hit?
The US dollar started August on a stronger note in the Asian trading session, following a mixed performance in the previous session. Compared to most major currencies, the dollar traded higher at 102.00 during the Asian session.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/usd-rallies-strongly-once-more-whos-taking-hit-bold-prime-ltd
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 475
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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 8 days and may test it again within the next 2 days.
Take Profit: 0.9606
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3 475
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#USDCAD is possibly bearish
USDCAD has broken through support
Main Pattern: Channel Up
Analysis: USDCAD has broken through a support line. It has touched this line at least twice in the last 14 days. This breakout may indicate a potential move to 1.3117 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: 1.3117
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3 475
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3 475
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#XAUUSD is possibly bullish
XAUUSD broke through important 1964.8900 price line
Main Pattern: Resistance
Analysis: XAUUSD has broken through a resistance line. It has touched this line numerous times in the last 10 days. This breakout shows a potential move to 1980.1310 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: 1980.1310
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3 475
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#EURGBP is possibly bullish
EURGBP has broken through resistance
Main Pattern: Triangle
Analysis: EURGBP 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 0.8601 within the next 12 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: 0.8601
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3 475
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#EURJPY is possibly bullish
EURJPY broke through important 155.7100 price line
Main Pattern: Resistance
Analysis: EURJPY has broken through a resistance line. It has touched this line numerous times in the last 5 days. This breakout shows a potential move to 157.4573 within the next 12 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Take Profit: 157.4573
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