Aleksin_Aleksandar

Aleksin_Aleksandar Updated 

The price of gold continues to retreat under the pressure of a strong dollar. Potential lower targets are the $1910 and $1900 levels.

Aleksin_Aleksandar

The whole of September could be very bearish for the dollar. The dollar bounced off the upper trend line and started a new pullback. We see that the resistance is in the 16.8%-78.6% Fibonacci zone. The start is great, and we see a downward turn, and now we expect to see a continuation of the decline in the dollar index. We set a new Fibonacci to follow the...

Aleksin_Aleksandar

The JPY index could begin a slight recovery, and we conclude this based on data on increased inflation, which would produce an intervention by the Bank of Japan. For targets, we are looking at Fibonacci 38.2%-61.8% range.

Aleksin_Aleksandar

EURUSD could slip to the 1.08000 level if we fail to climb above the 1.09000 level.

Aleksin_Aleksandar

The price of gold remains under pressure below the $1900 level. If the previous consolidation continues, the price will fall below the $1880.

Aleksin_Aleksandar

The JPY index has the potential to visit the previous low, and we may see a break below and the formation of a new lower low

Aleksin_Aleksandar

EURAUD is on the way to break above the previous high and form a new one, and the potential target is the 1.70000 level.

Aleksin_Aleksandar

Pair NZDUSD has the potential to continue on the bullish side, with targets at 0.62600, 0.62800 and 0.63000 levels

Aleksin_Aleksandar

GBPUSD could reach the 1.30000 level in the next couple of weeks before we see the next pullback. This week we saw a break above the resistance at 0.26800, May 2022 and May 2023. Based on this, we can expect GBPUSD to rise first to 1.30000 and maybe even 1.35000.

Aleksin_Aleksandar

The dollar index formed a new lower high at the beginning of June and has been pulling back ever since. Based on that, we can conclude that we could see the formation of a new lower low in the zone around the 100.00 level.

Aleksin_Aleksandar

Every new lower low is a potentially good buy position. The question is whether EURUSD has the strength to break above the falling trend line and form a new higher high and higher low and move to the bullish side.

Aleksin_Aleksandar

Gold is on its way down to the $1900 level. There we could get better support for the next bullish impulse.

Aleksin_Aleksandar

Here we see a slowing of the uptrend and a pullback below the trend indicator. Potential support is at the 1.86000 level, but a break below is more likely. The main target is the lower line of the channel, around 1.79000-1.80000. We have 700-800 pips to get there.

Aleksin_Aleksandar

The JPY index could continue to lose ground. Potential first support at the 800.0 level, and we cannot rule out testing last year's low either

Aleksin_Aleksandar

EURNZD, possible continuation to lower channel line. It seems that the decline is not over yet, and if we look at the previous pullbacks to the potential bottom, we have 300 pips left.

Aleksin_Aleksandar

GBPNZD has good potential to continue its further decline. Target is the 1.88000-1.90000 support zone. On Wednesday, we expect news from the RBNZ and their view of the future interest rate. An increase in the interest rate could have a positive effect on the NZD currency.

Aleksin_Aleksandar

AUDUSD and Fibonacci setup. After a pullback to the 0.65750 level, the pair finds support at the 61.8% Fibonacci level. Then, we see a sideways movement between the 38.2%-61.8% Fibonacci levels. For a bullish option, we need a breakthrough above the 0.68000 level, while for a bearish option and a more specific drop in AUDUSD, we need a breakthrough below the 0.65750 level.

Aleksin_Aleksandar

Bitcoin could pull back to the $25300 level before continuing higher. The maximum price drop, if we fall below the $25300 (50.0% Fibonacci) level, is down to $24000 (61.8% Fibonacci).