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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 14 days and may test it again within the next 3 days.
Take Profit: 0.9017
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#Brent is possibly bearish
Brent has broken through support
Main Pattern: Triangle
Analysis: Brent has broken through a support line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 72.2338 within the next 5 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: 72.2338
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3 467
🚨NEWS FOR THE DAY
Liquidity Factor Can Make the Crypto Market Roar in Pain!
The cryptocurrency market could be significantly impacted as liquidity tightens following the increase in the U.S. debt ceiling, which is set to remove hundreds of billions of dollars from the financial system. Furthermore, the crypto market experienced a decline after lawmakers in the U.S. authorized new debt issuance, putting pressure on risk investments.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/liquidity-factor-can-make-crypto-market-roar-pain-bold-prime-ltd
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3 467
🚨NEWS FOR THE DAY
Oil Prices Plunge as U.S. Crude Stocks Soar in Unprecedented Upset
Oil prices experienced a decline in early trading on Thursday, marking the third consecutive session of losses. This drop came after data revealed an unexpectedly large build in U.S. crude stocks during the previous week, raising concerns about an oversupply situation.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/oil-prices-plunge-us-crude-stocks-soar-unprecedented-upset
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3 467
🚨NEWS FOR THE DAY
Continuing To Strengthen, Gold is Poised for Another Upward Movement.
Gold successfully ended May's trading with a stronger position, following dovish statements from several Federal Reserve policymakers. During the Asian session, the precious metal traded around $1,965 per ounce, slightly down from the previous session's level of $1,974.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/continuing-strengthen-gold-poised-another-upward-movement
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3 467
🚨NEWS FOR THE DAY
Continuing To Strengthen, Gold is Poised for Another Upward Movement.
Gold successfully ended May's trading with a stronger position, following dovish statements from several Federal Reserve policymakers. During the Asian session, the precious metal traded around $1,965 per ounce, slightly down from the previous session's level of $1,974.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/continuing-strengthen-gold-poised-another-upward-movement
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3 467
🚨NEWS FOR THE DAY
Fed Shakes Up USD Momentum, Causing a Sharp Decline!
Investors were presented with a lively end to the May trading period, witnessing sudden strengthening and weakening of the US dollar. During the New York session, the greenback initially fell following dismal PMI data from Chicago, but it quickly rebounded to new heights after a stronger JOLTS report.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/fed-shakes-up-usd-momentum-causing-sharp-decline-bold-prime-ltd-1e
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3 467
Thank you for your considerate response! We truly appreciate you taking the time and participating in our poll. Your useful feedback allows us to better understand our clients trading experiences with Bold Prime. We want to reassure you that we are constantly trying to improve our system in order to provide our valued clients with an even more delightful trading experience. Your assistance is much appreciated as we endeavour to meet and surpass your expectations.
Please feel free to reach out to our customer support team if you have any further questions or require additional information. We are here to assist you every step of the way. Thank you once again for your valuable response and for being an integral part of the Bold Prime family.
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Regards,
Bold Prime
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#EURAUD is possibly bearish
EURAUD - getting close to psychological price line
Main Pattern: Support
Analysis: EURAUD 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 8 days and may test it again within the next 2 days.
Take Profit: 1.6352
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3 467
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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 16 days and may test it again within the next 2 days.
Take Profit: 0.9754
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3 467
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#USDJPY is possibly bearish
USDJPY - getting close to psychological price line
Main Pattern: Support
Analysis: USDJPY 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 13 days and may test it again within the next 3 days.
Take Profit: 138.2320
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#EURCAD is possibly bearish
EURCAD broke through important 1.4512 price line
Main Pattern: Support
Analysis: EURCAD has broken through a support line. It has touched this line numerous times in the last 14 days. This breakout shows a potential move to 1.4452 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: 1.4452
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3 467
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#AUDJPY is possibly bearish
AUDJPY broke through important 90.6770 price line
Main Pattern: Support
Analysis: AUDJPY has broken through a support line. It has touched this line numerous times in the last 15 days. This breakout shows a potential move to 90.0542 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: 90.0542
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#XAUUSD is possibly bearish
XAUUSD has broken through support
Main Pattern: Rising Wedge
Analysis: XAUUSD has broken through a support line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 1944.4823 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: 1944.4823
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3 467
🚨NEWS FOR THE DAY
Debt Ceiling Issue Developments Monitored, Is BTC Bullish in June?
The price of the mother of all cryptocurrencies, Bitcoin (BTC), continues to hover below $28,000 as investors closely monitor developments in the debt ceiling agreement, which is nearing its deadline on June 1, 2023. However, on Monday, BTC surpassed $28,400 after President Joe Biden and Republican Kevin McCarthy reached an agreement to suspend the debt ceiling until January 1, 2025, preventing the United States from defaulting.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/debt-ceiling-issue-developments-monitored-btc-bullish-june
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3 467
🚨NEWS FOR THE DAY
Investor Sentiment Soars as Gold Makes a Resounding Comeback!
Gold's movement was slightly hindered in the Asian session after recovering from its lowest level in Tuesday's trading session. Earlier, the yellow metal made gains, reaching a price of $1,960 per ounce in the New York session, driven by a decline in US 10-year bond yields and the US dollar.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/investor-sentiment-soars-gold-makes-resounding-comeback
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3 467
🚨NEWS FOR THE DAY
Oil Rebounds Slightly Following Significant Losses Ahead of U.S. Debt Ceiling Vote
Oil prices inched higher on Wednesday following significant losses in the previous session as traders awaited an anticipated vote on a bipartisan agreement to raise the U.S. debt ceiling, which stands at $31.4 trillion. Brent crude futures for August delivery saw a modest increase of 11 cents, reaching $73.82 per barrel, while U.S. West Texas Intermediate crude (WTI) rose by 8 cents to $69.54 per barrel.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/oil-rebounds-slightly-following-significant-losses-ahead
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#USDCAD is possibly bullish
USDCAD broke through important 1.3613 price line
Main Pattern: Resistance
Analysis: USDCAD has broken through a resistance line. It has touched this line numerous times in the last 7 days. This breakout shows a potential move to 1.3654 within the next 21 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Take Profit: 1.3654
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3 467
🚨NEWS FOR THE DAY
Dollar Slumps Against Yen Following Japan's Warning; Australian Dollar Drops on China Data
The dollar remained below the key 140 yen level on Wednesday after retreating from a six-month high following a meeting of Japanese officials to discuss their currency.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/dollar-slumps-against-yen-following-japans-warning-australian
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