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The US dollar is expected to weaken after the Fed’s dovish stance. Risk assets like equities and gold are expected to benefit. Oil prices may see a short-term correction before resuming their uptrend. Cryptocurrencies show bullish signs, with potential for further gains.

 

EUR/USD:

  • Trading Downward: Bulls failed to break resistance channel, technical correction expected.
  • Support Levels: 1.0883, 1.0866
  • Resistance Levels: 1.0940, 1.0986
  • Trading Signal: Sell below 1.0940, Buy above 1.0866

 

GBP/USD:

  • Possible Downward Move: BoE meeting could hint at rate cut, pressuring GBP.
  • Support Levels: 1.2720, 1.2686
  • Resistance Levels: 1.2820, 1.2855
  • Trading Signal: Sell around resistance levels, Buy only on false breakouts at support

 

USD/JPY:

  • Limited Upside Potential: Further growth depends on strong US data.
  • Support Levels: 150.87
  • Resistance Levels: 151.33, 152.11
  • Trading Signal: Buy above 151.33, Sell below 150.87

 

AUD/USD:

  • Mixed Outlook: Recent strong Australian jobs data may delay rate cuts, but USD strength could still weigh on AUD.
  • Support Levels: Needs to hold above 0.6620 for buying.
  • Resistance Levels: 0.6620
  • Trading Signal: Caution with long positions, focus on USD behavior.

 

USD/CHF:

  • Appreciating: SNB rate cut weakens CHF.
  • Support Levels: 0.8876, 0.8812
  • Resistance Levels: 0.8982, 0.9095
  • Trading Signal: No recommendation provided.

 

XAU/USD (Gold):

  • Uptrend Likely to Continue: Despite reaching record highs, further growth is possible.
  • Support Levels: 2200.00, 2161.00, 2145.00, 2102.00, 2085.00, 2000.00
  • Resistance Levels: 2222.00, 2300.00
  • Trading Signal: Main scenario – Buy Stop at 2214.00, Alternative scenario – Sell Stop at 2195.00

 

Commodities:

  • Oil (USCrude): Short-term correction likely, with support at 79.73. Look for buying opportunities at support zones. Overall uptrend expected.

 

Cryptocurrencies:

  • Bitcoin (BTCUSD): Bullish. Potential buy signal at 66541.23, targeting 68698.52.
  • Ethereum (ETH/USD): Bullish. Buy above $3,412, targeting $3,750. Further upside potential in the medium term.
  • Ripple (XRPUSD): Bullish. Potential buy signal at 0.598, targeting 0.652.

 

Important Events:

  • BoE meeting – decision on interest rates could impact GBP/USD.
  • US economic data releases (PMI, jobless claims, existing home sales) could affect USD and other currencies.
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Categories: Market News

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