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3 458
🚨NEWS FOR THE DAY
Oil Edges Up as China Takes Steps to Bolster Sluggish Economy
Oil prices edged higher on Monday, following the upward movement in equity markets, as China implemented measures to bolster its slowing economy. However, concerns about the growth rate and potential additional U.S. interest rate hikes, which might dampen fuel demand, lingered among investors.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/oil-edges-up-china-takes-steps-bolster-sluggish-economy
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 458
🚨NEWS FOR THE DAY
Dollar Weakens as Investors Process the Prospect of a Prolonged Period of Elevated Rates
The dollar retreated from its highest level in 12 weeks on Monday, as traders evaluated the future direction of U.S. monetary policy following Federal Reserve Chair Jerome Powell's speech, in which he hinted at the potential for further interest rate hikes. Concurrently, the yen remained close to its lowest point in over nine months.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/dollar-weakens-investors-process-prospect-prolonged-period
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 458
🚨NEWS FOR THE DAY
9 Important Market-Focused Economic Data News This Week (28 August-01 September 2023)
The following is a portion of important economic data that will be the focus of the market throughout this week.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/9-important-market-focused-economic-data-news-week-28-august-01
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 458
🔴🕙 #daily_trading_opportunities 🕙🔴
#WTI is possibly bearish
WTI - getting close to psychological price line
Main Pattern: Support
Analysis: WTI 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 11 days and may test it again within the next 2 days.
Take Profit: 79.7840
🔷Trade Smart, Trade Bold Prime🔷
3 458
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#XAUUSD is possibly bearish
XAUUSD broke through important 1910.7100 price line
Main Pattern: Support
Analysis: XAUUSD has broken through a support line. It has touched this line numerous times in the last 16 days. This breakout shows a potential move to 1894.2440 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: 1894.2440
🔷Trade Smart, Trade Bold Prime🔷
3 458
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#EURAUD is possibly bullish
EURAUD has broken through resistance
Main Pattern: Triangle
Analysis: EURAUD has broken through a resistance line. It has touched this line at least twice in the last 8 days. This breakout may indicate a potential move to 1.6943 within the next 22 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: 1.6943
🔷Trade Smart, Trade Bold Prime🔷
3 458
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#GBPJPY is possibly bullish
GBPJPY - getting close to psychological price line
Main Pattern: Resistance
Analysis: GBPJPY 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 11 days and may test it again within the next 3 days.
Take Profit: 184.8200
🔷Trade Smart, Trade Bold Prime🔷
3 458
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#EURJPY is possibly bullish
EURJPY has broken through resistance
Main Pattern: Triangle
Analysis: EURJPY has broken through a resistance line. It has touched this line at least twice in the last 8 days. This breakout may indicate a potential move to 158.0942 within the next 2 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: 158.0942
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3 458
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#WTI is possibly bullish
WTI broke through important 79.7225 price line
Main Pattern: Resistance
Analysis: WTI has broken through a resistance line. It has touched this line numerous times in the last 9 days. This breakout shows a potential move to 81.0723 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: 81.0723
🔷Trade Smart, Trade Bold Prime🔷
3 458
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3 458
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#Brent is possibly bullish
Brent - getting close to psychological price line
Main Pattern: Resistance
Analysis: Brent 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 7 days and may test it again within the next 2 days.
Take Profit: 84.7060
🔷Trade Smart, Trade Bold Prime🔷
3 458
🚨NEWS FOR THE DAY
Despite the Strength of the USD, Gold Remains 'Steady'
Gold prices held around a two-week high on Friday despite the strengthening US dollar ahead of the annual Jackson Hole symposium.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/despite-strength-usd-gold-remains-steady-bold-prime-ltd
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
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3 458
🚨NEWS FOR THE DAY
Oil Set for Weekly Decline Amid Concerns About Demand and Dollar's Strength
In early Asian trading on Friday, oil prices experienced a minor decline, setting the stage for a weekly decrease due to weakened global demand prospects caused by sluggish manufacturing activity and the continued strength of the dollar.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/oil-set-weekly-decline-amid-concerns-demand-dollars-strength
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
Trade Smart, Trade Bold Prime
3 458
🚨NEWS FOR THE DAY
5,000 BTC Withdrawn From Binance in Just One Minute! What Has Happened?
During a period of cryptocurrency market uncertainty, the withdrawal of 5,000 BTC from Binance in just one minute has led the Chief Executive Officer (CEO), Changpeng Zhao (CZ), to label the incident as a FUD tactic.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/5000-btc-withdrawn-from-binance-just-one-minute-what-has
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
Trade Smart, Trade Bold Prime
3 458
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#EURCAD is possibly bearish
EURCAD has broken through support
Main Pattern: Triangle
Analysis: EURCAD 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 1.4637 within the next 20 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: 1.4637
🔷Trade Smart, Trade Bold Prime🔷
3 458
🚨NEWS FOR THE DAY
Waiting for Powell's Speech, the USD Surges Higher!
The momentum of the continuous strengthening of the US dollar persisted during the Friday Asian session as the market turned its attention to the speech by Federal Reserve Chairman Jerome Powell at the annual Jackson Hole economic symposium.
➡️ Click Here to Read More: https://www.linkedin.com/pulse/waiting-powells-speech-usd-surges-higher-bold-prime-ltd
Let's start your journey. Trade with us now: https://fx.myboldprime.com/login
Trade Smart, Trade Bold Prime
3 458
🔴🕙 #daily_trading_opportunities 🕙🔴
#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 17 days and may test it again within the next 3 days.
Take Profit: 0.9606
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3 458
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#USDCHF is possibly bullish
USDCHF has broken through resistance
Main Pattern: Channel Down
Analysis: USDCHF has broken through a resistance line. It has touched this line at least twice in the last 8 days. This breakout may indicate a potential move to 0.8853 within the next 19 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: 0.8853
🔷Trade Smart, Trade Bold Prime🔷
3 458
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#AUDJPY is possibly bearish
AUDJPY broke through important 93.6870 price line
Main Pattern: Support
Analysis: AUDJPY has broken through a support line. It has touched this line numerous times in the last 3 days. This breakout shows a potential move to 93.4047 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: 93.4047
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3 458
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#WTI is possibly bearish
WTI has broken through support
Main Pattern: Triangle
Analysis: WTI has broken through a support line. It has touched this line at least twice in the last 7 days. This breakout may indicate a potential move to 77.1900 within the next 21 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: 77.1900
🔷Trade Smart, Trade Bold Prime🔷
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