The GBP/USD currency pair is likely to decline by about 330 basis points before the UK's general election by 12 December. Goodluck guys.
The USD/CHF currency exchange rate will most likely continue to edge lower within the following trading sessions. The possible target for the exchange rate will be at the 0.9750 area.
The EUR/GBP currency pair will most likely continue to edge lower during the following trading sessions. However, the currency exchange rate could make a brief upside movement in the shorter term.
The Bitcoin cryptocurrency could aim for the $6500 mark during the following trading sessions.
Entry: Near the 118.51 SL: @ 116.75 TP: @ 122.87 Good luck guys!
The NZD/USD currency pair should target about 100 pips profits during the next trading sessions.
The EUR/USD currency pair will most likely aim for 120 pips during the following trading sessions.
The US Dollar could edge lower as much as 100 basis points within this session. Traders and investors are awaiting the US macroeconomic data releases, namely, the US Non-Farm Payroll, Trade Balance, and the US Fed's Chairman speech, which could increase volatility in the market.
The Gold versus the US Dollar will most likely decline during the following trading weeks. The potential target will be about 1k pips.
The British Pound could continue to edge higher against the US Dollar within the following trading session. The currency pair will most likely aim for a psychological resistance level at 1.2500 in the shorter term. However, Brexit controversy might disrupt the bullish momentum in the nearest future.
The EUR/USD currency pair has been trading in a long-term descending channel pattern. Currently, the pair is located near a significant resistance level at 1.1114. If this resistance line holds, a possible 300 pips decline could occur during the following trading sessions.
The S&P 500 is likely to edge higher during the following trading sessions. If the SPX breaks the significant resistance level at 3020.0, a surge towards the $3100 area could be expected. However, if the aforementioned resistance level holds, a decline towards the $2850 region could occur.
The US Dollar has been trading in a one-month ascending trendline against the Swiss Franc. The currency pair reversed from the lower border of the trendline at 0.9698 on June 25. Most likely, the exchange rate will continue its upward swing within this week's trading sessions. The potential target for bullish traders would be near the upper border of the channel...
The UK100/GBP pair has been appreciating in an ascending channel pattern since the beginning of June. The pair reversed north from the lower boundary of the channel pattern at 7088.8 on June 3. The 200-hour simple moving average was providing support for the pair at 7481.0 during the morning hours of today's trading session, while the 50– and 100-hour SMAs were...
The DEU.IDX/EUR pair has been trading in a junior ascending channel pattern since June. The pair bounced off the bottom border of the channel pattern at 11616.2 on June 3. The German 30 index made a pullback south from a resistance level at 12571.5 during yesterday's trading session. Currently, the pair is testing a support cluster formed by the 50– and 200-hour...
The Brent crude oil is currently trading in a triangle pattern. Two scenarios are likely to occur during the following trading sessions. First, the pair could aim for a resistance level formed by the 23.60% Fibonacci retracement level. On the other hand, a resistance cluster at 63.81 could provide resistance for the commodity in the short term.
The BTC/USD cryptocurrency could aim for the $4500 area.
XAUUSD could edge lower during the following trading sessions. The first points of TP at 1382.03 The second point of TP at 1340.24. Good luck guys!