EURUSD Forex Analysis for Today, Friday (06-09-2024)
EURUSD Forex Analysis for Today, Friday (06-09-2024)
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EURUSD Still Has BUY Potential After Down Trendline Break
EURUSD Analysis
The market is awaiting the US non-farm payrolls (NFP) data. The USD weakened again ahead of the NFP announcement. Last night, the ADP non-farm payrolls data for the private sector came in lower than the previous month’s data.
Down Trendline Break
The price broke above the down trendline on the H1 timeframe, turning the intraday bias bullish for today. A Change of Character (ChOCh) is also visible. A buy signal confirmation can be sought if a pullback occurs to the ChOCh area.
Prediction: STRONG EURUSD
Resistance Levels
- R1: 1.10334
- R2: 1.11108
- R3: 1.11461
- R4: 1.11829
Support Levels
- S1: 1.10000
- S2: 1.10200
- S3: 1.10400
- S4: 1.10600

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.
GBPUSD Forex Analysis for Today, Friday (06-09-2024)
GBPUSD Forex Analysis for Today, Friday (06-09-2024)
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GBPUSD Still Has BUY Potential, Monitor ChOCh Area
GBPUSD Analysis
The US Dollar is under pressure, approaching its weekly lows ahead of the US non-farm payrolls (NFP) announcement. Its precursor, the ADP non-farm payrolls, showed a decrease compared to the previous month.
Trendline Break + ChOCh
The breakout above the down trendline seen on the H1 timeframe has shifted the intraday bias to bullish for GBPUSD. A buy signal confirmation can be sought if a correction occurs to the ChOCh area.
Prediction: STRONG GBPUSD
Resistance Levels
- R1: 1.31138
- R2: 1.31923
- R3: 1.32308
- R4: 1.32710
Support Levels
- S1: 1.30600
- S2: 1.30800
- S3: 1.31000
- S4: 1.31200

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.
XAUUSD Forex Analysis for Today, Friday (06-09-2024)
XAUUSD Forex Analysis for Today, Friday (06-09-2024)
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XAUUSD Looking for BUY Opportunities, Resistance Broken
XAUUSD Analysis
The market’s view on the Fed’s rate cut has shifted. Gold prices have risen again, approaching their weekly highs, supported by the weakening USD and falling bond yields. Yesterday’s ADP nonfarm employment change for August came in lower than expected, although weekly jobless claims showed improvement.
Resistance Broken
The resistance seen yesterday has been broken, and today’s price movement tends to be bullish. BUY opportunities can be found in the entry area near the support zone on the H1 timeframe.
Prediction: STRONG XAUUSD
Resistance Levels
- R1: 2490.14
- R2: 2526.64
- R3: 2542.28
- R4: 2558.61
Support Levels
- S1: 2475.00
- S2: 2480.00
- S3: 2485.00
- S4: 2490.00

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.
EURUSD Forex Analysis for Today, Thursday (05-09-2024)
EURUSD Forex Analysis for Today, Thursday (05-09-2024)
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EURUSD Presents a BUY Opportunity, DOWN TRENDLINE Breaks!
EURUSD Analysis
The market is awaiting the Eurozone GDP, scheduled to be announced on Friday. The growth in the second quarter is expected to remain consistent with the previous reading, which is 0.3% QoQ, and rise from 0.4% to 0.6% YoY.
Down Trendline Break
The price has broken above the down trendline on the H1 timeframe, indicating a bullish intraday bias today. A buy signal confirmation can be sought if a pullback to the trendline area occurs.
Prediction: STRONG EURUSD
Resistance Levels
- R1: 1.10196
- R2: 1.10964
- R3: 1.11324
- R4: 1.11682
Support Levels
- S1: 1.10000
- S2: 1.10200
- S3: 1.10400
- S4: 1.10600

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.
GBPUSD Forex Analysis for Today, Thursday (05-09-2024)
GBPUSD Forex Analysis for Today, Thursday (05-09-2024)
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BUY Opportunity for GBPUSD, DOWN TRENDLINE HAS BEEN BROKEN!
GBPUSD Analysis
The pound strengthened after the S&P data. The UK Composite PMI and Services PMI improved, recording 53.8 and 53.7 in August, up from 52.8 and 52.5 in July, respectively.
Trendline Break
On the H1 timeframe, the down trendline has been broken by the price. Today’s opportunity leans towards a buy for GBPUSD, with confirmation sought if a pullback occurs to the trendline area.
Prediction: STRONG GBPUSD
Resistance Levels
- R1: 1.30842
- R2: 1.31557
- R3: 1.31926
- R4: 1.32334
Support Levels
- S1: 1.30800
- S2: 1.31200
- S3: 1.31400
- S4: 1.31600

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.
XAUUSD Forex Analysis for Today, Thursday (05-09-2024)
XAUUSD Forex Analysis for Today, Thursday (05-09-2024)
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XAUUSD Still Has SELL Potential, Resistance Holding Again
XAUUSD Analysis
The gold price experienced a decline once more, reaching its lowest level in nearly two weeks. This drop is partly due to market expectations that the Fed’s rate cut this month will be modest, with predictions of only a 25 basis point reduction.
Resistance Holding Again
Gold prices are once again testing the resistance area. SELL opportunities may still be explored in entry areas that align with the resistance levels.
Prediction: WEAK XAUUSD
Resistance Levels
- R1: 2525.00
- R2: 2520.00
- R3: 2515.00
- R4: 2510.00
Support Levels
- S1: 2507.53
- S2: 2485.33
- S3: 2474.75
- S4: 2463.64

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.
EURUSD Forex Analysis for Today, Wednesday (04-09-2024)
Another SELL Opportunity for EURUSD! Still Held Back by the Down Trendline!
EURUSD Analysis
Market Prepares for Key Economic Data
The euro continues to weaken, reaching a two-week low against the USD as the market awaits a series of key economic data releases this week, including US non-farm payrolls, which could influence the scale of the Fed’s interest rate cuts.
Still Held by the Down Trendline
The price remains below the down trendline on the H1 time frame. A pullback has occurred towards this trendline. A confirmation of the SELL signal can be sought in this trendline area.
Prediction: WEAK EURUSD
Resistance Levels
- R1 1.11400
- R2 1.11200
- R3 1.11000
- R4 1.10800
Support Levels
- S1 1.10840
- S2 1.10281
- S3 1.10024
- S4 1.09745

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.
GBPUSD Forex Analysis for Today, Wednesday (04-09-2024)
GBPUSD Remains SELL Potential, Down Trendline Still in Play
GBPUSD Analysis
Profit-Taking Pressures Pound
The British pound continues to weaken against the USD as profit-taking adds further pressure on GBPUSD. Meanwhile, the market is awaiting the US non-farm payrolls data, which will be the key economic release to conclude the week.
Still Below the Trendline
On the H1 time frame, the price remains constrained below the down trendline. Today’s bias is towards a sell for GBPUSD, with confirmation signals possibly emerging around this trendline area.
Prediction: WEAK GBPUSD
Resistance Levels
- R1 1.32400
- R2 1.32200
- R3 1.32000
- R4 1.31800
Support Levels
- S1 1.31699
- S2 1.30572
- S3 1.30037
- S4 1.29494

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.
XAUUSD Forex Analysis for Today, Wednesday (04-09-2024)
XAUUSD Still SELL Potential After Hitting TP2, Held by Down Trendline
XAUUSD Analysis
Gold Hits Lowest Level in a Week
Gold prices briefly touched their lowest point in a week, pressured by the strengthening USD as the market awaits the US non-farm payrolls data, which could influence the magnitude of the Fed’s interest rate cuts.
Still Held by Down Trendline
Gold is once again testing the resistance area after breaking through TP2 as per yesterday’s Trade Plan. On the H1 time frame, the price remains below the descending trendline. Selling opportunities can still be sought around the entry area and the descending trendline.
Prediction: WEAK XAUUSD
Resistance Levels
- R1 2540.00
- R2 2530.00
- R3 2520.00
- R4 2510.00
Support Levels
- S1 2507.53
- S2 2485.33
- S3 2474.75
- S4 2463.64

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.
EURUSD Forex Analysis for Today, Tuesday (03-09-2024)
EURUSD SELL Opportunity! Potential SYMMETRICAL TRIANGLE Pattern!
EURUSD Analysis
Market Monitoring US NFP
The USD has strengthened to a two-week high against the euro as market expectations for aggressive rate cuts by the Fed this month have diminished. This week, the market’s focus is on a series of data culminating in the US non-farm payrolls report on Friday.
Potential Symmetrical Triangle Pattern
There is a possibility of a symmetrical triangle pattern forming on the H1 time frame. A sell signal can be sought if this pattern is confirmed, indicated by a break below the pattern’s line.
Prediction: WEAK EURUSD
Resistance Levels
- R1 1.11600
- R2 1.11400
- R3 1.11200
- R4 1.11000
Support Levels
- S1 1.10840
- S2 1.10281
- S3 1.10024
- S4 1.09745

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.