DailyForex
BTC/USD Forex Signal: Double-Top Pattern Forms
Bearish viewSell the BTC/USD pair and set a take-profit at 19,970.Add a stop-loss at 21,000.Timeline: 1-2 days.Bullish viewSet a buy-stop at 20,800 and a take-profit at 21,500.Add a stop-loss at 19,000.The BTC/USD remained in a consolidation phase after staging a strong comeback last week. Bitcoin w
BTC/USD Forecast: Rallies into the Weekend
The BTC/USD has rallied a bit heading into the weekend, showing signs of life again.Ultimately, the market looks as if it is trying to get back to the $21,000 level but has a long way to go to change the overall trend.Because of this, I think we’ve got a situation where we could see a lot of back an
USD/BRL: Vote Concluded and Brazilian Real now awaits Frenzy
The USD/BRL went into the weekend near the 5.2959 level this weekend, before the Brazilian election yesterday which saw Lula da Silva win. Noticeably on Friday the USD/BRL actually saw selling action emerge. This result of the vote creates a door for today’s early price action which will certainly p
NASDAQ 100 Forecast: Reps Higher into the Weekend
The NASDAQ 100 has gained over 4% heading into the weekend, as traders completely ignore signs of inflation.At this point, Wall Street has convinced itself that because the Bank of Canada in the Reserve Bank of Australia have blinked, that the Federal Reserve is going to.Having said that, the ECB di
EUR/USD Forex Signal: Rebound Likely Ahead of the Fed Decision
Bullish viewBuy the EUR/USD pair and set a take-profit at 1.0100.Add a stop-loss at 0.9850.Timeline: 1-2 days.Bearish viewSet a sell-stop at 0.9950 and a take-profit at 0.9850.Add a stop-loss at 1.0100.The EUR/USD price pulled back slightly after the latest interest rate decision by the ECB and the
S&P 500 Forecast: Slams into a Big Figure Again
The S&P 500 rallied during the trading section on Friday, as traders start to bet on the idea of a softening Federal Reserve.We have a major interest rate announcement coming out on Wednesday, as the Federal Reserve will almost certainly raise rates by 75 basis points.That being said, the market
EUR/USD Forecast: Pulls Back into the Weekend
The EUR/USD tried to rally initially during the trading session on Friday, but it looks as if parity is going to hold as resistance. It’s worth noting that the market continues to pay close attention to the Federal Reserve, and of course, we have a major interest rate decision coming out on Wednesda
GBP/USD Forecast: As a Quiet Friday Session
The GBP/USD continues to hang around the 1.15 level, as Friday was very quiet.It does make a certain amount of sense that we would see this as a scenario where we are trying to figure out whether we are hanging around the 1.15 level.The 1.15 level is an area that has a lot of interest attached to it
GBP/USD Forex Signal: Sterling Continues to Grind Ahead of Fed, BoE
Bullish viewBuy the GBP/USD pair and set a take-profit at 1.1850.Add a stop-loss at 1.1500.Timeline: 1-2 days.Bearish viewSet a sell-stop at 1.1525 and a take-profit at 1.1450.Add a stop-loss at 1.1625.The GBP/USD price continued rising as sentiment over Rishi Sunak’s government. It rose to a high o
AUD/USD Forex Signal: Aussie Outlook Ahead of RBA Decision
Bullish viewBuy the AUD/USD pair and set a take-profit at 0.6520.Add a stop-loss at 0.6300.Timeline: 1-2 days.Bearish viewSet a sell-stop at 0.6365 and a take-profit at 0.6250.Add a stop-loss at 0.6450.The AUD/USD price pulled back slightly as traders focused on the upcoming interest rate decision b
GBP/USD: Weekly Forecast 30th October – 5th November
The GBP/USD continued to attack new highs towards the end of last week, as the U.K government actually managed to have no major missteps. The GBP/USD will enter trading this coming week with a positive dose of speculative fever swaying over its landscape. The U.K government managed not to create a m
WTI Crude Oil: Weekly Forecast 30th October – 5th November
Crude Oil prices will open this week via the West Texas Intermediate near short term highs. Having gone into the weekend near the 87.78 ratio, this is within clear sight of higher values produced on Thursday when WTI traded above 89.25 USD briefly. A number of factors could be playing into the high
Weekly Forex Forecast –Gold,BTC/USD,EUR/USD,GBP/USD,S&P 500,Oil,DAX,USD/CAD
GoldGold markets spent the early part of the week trying to rally but have pulled back from the 200-Weekly EMA, as well as the crucial $1680 level, an area that previously had been very important. The fact that we are closing toward the bottom of the candlestick suggests that we may very well be get
NASDAQ 100 Forecast: Gets Hammered on Thursday
The NASDAQ 100 continues to fall quite significantly during the Thursday session, as we see technology stocks get absolutely hammered. The latest one is Meta, or what most people still call Facebook, which at one point in the overnight session was down about 20%. As Zuckerberg continues to harp on a
EUR/USD Forecast: Plunges After Interest Rate Hike
The EUR/USD has been rather negative during the trading session on Thursday, as the market has seen the European Central Bank raise interest rates to the expected 2%, but at the end of the day, the question is whether we are going to see further hikes. Ultimately, I don’t necessarily think that the
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