BTCUSD is trading near one-month low in early Friday, holding in red for the fourth consecutive day and on track for the second weekly loss. Initial signals of formation of reversal pattern on larger timeframe (weekly) on a series of lower tops and lower lows from record high (73839) is evident, though still looking for confirmation. Fresh…

Gold shined on Thursday, advancing around 0.85% and reversing the largest part of corrective pullback from new all-time high ($2531) which found a solid ground at strong $2470 support zone, where a higher base is forming. The yellow metals remains supported by strong physical buying by the central banks and governments, as well as safe haven…

USDJPY continues to trend lower and hit new one-month low on Thursday, pressured by expectations of Fed rate cut, diverging policies of Fed and BoJ (US central bank is heading towards its first rate cut, while BoJ started its tightening cycle and with hawkish signals from top officials). In addition, weak US labor data (today’s ADP report showed…

Gold price eased further on Wednesday, after loss of psychological $2500 support generated initial signal of potential deeper pullback. Extension below 20DMA (2489) dented pivotal Fibo support at $2473 (38.2% of $2379/$2531 upleg) adding to weakening outlook. Daily close below 20DMA to boost signal, while clear break of $2473 Fibo level to…

Oil prices remain firmly in red and dipped below psychological $70 level in early Wednesday, in extension of Tuesday’s 5% fall. WTI contract price hit ne 2024 low, driven by growing concerns about global oil demand (boosted by Tuesday’s PMI data which showed that US manufacturing sector remains weak) and optimism that political issues that…

AUDUSD fell to one-week low on Tuesday, falling 1% until early US session, deflated by fall in iron ore and unexpected widening of Australia’s current account gap, while US manufacturing sector performed in August slightly better than previous month, adding to fresh optimism and lifting the US dollar. Fresh weakness is generating initial…

The dollar index eases from new two-week high on Monday, after strong three-day recovery rally showed initial signs of fatigue. Repeated rejection at 101.72 barrier (50% retracement of 103.06/100.38 bear-leg / 4-hr cloud top) and overbought stochastic contributed to a partial profit-taking, though dips were so far shallow and suggesting that…

GBPJPY rose to one-month high on Monday and generated initial signal of bullish continuation on probe above the top of month-long range (192.16) reinforced by 200DMA. Firm break here to confirm signal and open way for fresh upside, with immediate target at 194.10 (50% retracement of 208.11/180.09 downtrend), violation of which to unmask next…