Market Review

Global markets opened the week with mixed momentum as the US dollar trades in a tight range, gold extends its bullish strength, and Bitcoin shows renewed downside pressure after breaking key support. Here’s a quick overview of the key technical levels and market sentiment shaping USDJPY, XAUUSD, EURUSD, and BTC. Stay informed and trade strategically.
Headway | vor 164 Tagen

Headway image

USD

The US dollar still remains at an indecisive rate of 97.30 to 100

USDJPY 

USDJPY Continues a slow bullish momentum.

And some signals for bullish momentum is still showing its hand at 154.010 to 154.500 range

XAUUSD

Full Take Profits have been smashed here as the signals for a buys was posted here today.

Gold is still highly full with more bullish strength to reach at least 5,500 soon

EURUSD

EURUSD is neutral-to-bearish. The dollar’s pressure dominates the pair’s behaviour as it is sensitive to the US macro data.

No significant expansion has been made as it is range bound consolidating after making a strong trend down

BTC

Bitcoin breaks the $66435.00 1hr support . Therefore having a breakout to the downside supporting sellers momentum so sellers still get more sell opportunities .

Meanwhile, BTC faces a serious risk of falling toward $60,000, should the bearish momentum increase.

N/B; the trend is still very bearish you will see the candle sticks below the moving averages

Trade now! 👑

 

Headway
Typ: STP, ECN
Vorschrift: FSCA (South Africa)
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