GBPUSD Forex Analysis for Today, Tuesday (03-09-2024)
GBPUSD Still Showing SELL Potential, Held Back by Down Trendline
GBPUSD Analysis
Market Awaits US NFP Data
The USD has strengthened as market expectations for aggressive rate cuts by the Fed this month have eased. This week, the market’s focus has shifted to a series of economic reports, culminating in the US non-farm payrolls data on Friday.
Still Below the Trendline
When viewed on the H1 time frame, the price remains constrained below the down trendline. Today’s outlook is leaning toward a sell for GBPUSD, and confirmation can be sought near that trendline.
Prediction: WEAK GBPUSD
Resistance Levels
- R1 1.32500
- R2 1.32400
- R3 1.32200
- R4 1.32200
Support Levels
- S1 1.32063
- S2 1.30962
- S3 1.30400
- S4 1.29860
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, Tuesday (03-09-2024)
XAUUSD Still Showing SELL Potential, Remains Under Pressure
XAUUSD Analysis
Gold Remains Pressured
The price of gold continues to be pressured due to the strengthening USD, while market participants await the US non-farm payrolls data to solidify expectations regarding the Fed’s rate cut size this month.
Still Pressured
Gold prices are generally still under pressure for the intraday outlook. SELL opportunities can still be sought if a pullback occurs to the entry area.
Prediction: WEAK XAUUSD
Resistance Levels
- R1 2530.00
- R2 2525.00
- R3 2520.00
- R4 2515.00
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.
XAUUSD Forex Analysis for Today, Monday (02-09-2024)
XAUUSD SELL Potential: Observed THREE BLACK CROWS Pattern
XAUUSD Analysis
Gold Slumps as USD Strengthens
The price of gold plummeted as the USD gained strength and US Treasury yields rose following inflation data that aligned with market expectations. The market is set to watch a series of data releases culminating in the US non-farm payrolls at the end of this week.
Three Black Crows Pattern
A three black crows pattern is visible on the H1 time frame. Selling opportunities may still be sought if there is a pullback to the entry area within the scope of this pattern.
Prediction: WEAK XAUUSD
Resistance Levels
- R1 2532.00
- R2 2528.00
- R3 2524.00
- R4 2520.00
Support Levels
- S1 2507.53
- S2 2493.72
- S3 2486.60
- S4 2479.39
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, Monday (02-09-2024)
SELL Opportunity for GBPUSD: Triangle Pattern Observed
GBPUSD Analysis
USD Strengthens, Market Focuses on US NFP
The USD strengthened as market expectations for aggressive Fed rate cuts this month have diminished. This week, the market’s attention temporarily shifts to a series of data, culminating in the US non-farm payrolls report on Friday.
Minor Trendline Break Confirms Triangle
On the H1 time frame, the price is seen moving below a down trendline. A break below a minor trendline also confirms a triangle pattern. The bias today tends to favor a sell for GBPUSD.
Prediction: WEAK GBPUSD
Resistance Levels
- R1 1.32600
- R2 1.32400
- R3 1.32200
- R4 1.32000
Support Levels
- S1 1.32063
- S2 1.30962
- S3 1.30400
- S4 1.29860
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, Monday (02-09-2024)
XAUUSD SELL Potential: Observed THREE BLACK CROWS Pattern
XAUUSD Analysis
Gold Slumps as USD Strengthens
The price of gold plummeted as the USD gained strength and US Treasury yields rose following inflation data that aligned with market expectations. The market is set to watch a series of data releases culminating in the US non-farm payrolls at the end of this week.
Three Black Crows Pattern
A three black crows pattern is visible on the H1 time frame. Selling opportunities may still be sought if there is a pullback to the entry area within the scope of this pattern.
Prediction: WEAK XAUUSD
Resistance Levels
- R1 2532.00
- R2 2528.00
- R3 2524.00
- R4 2520.00
Support Levels
- S1 2507.53
- S2 2493.72
- S3 2486.60
- S4 2479.39
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, Friday (30-08-2024)
EURUSD Still Has SELL Potential, Monitor Resistance Area
EURUSD Analysis
Market Focus Shifts to US PCE
The market’s focus today shifts to the Core PCE Price Index data to gain inflation insights that could influence the Fed’s decision. Previously, the U.S. economic growth data for Q2 QoQ increased from 1.4% to 3%, while the weekly jobless claims decreased from 233,000 to 231,000.
Support Turns Into Resistance
The price continues to decline, breaking through the support area, which has now become resistance. A sell signal can be sought if a pullback to this resistance area occurs.
Prediction: WEAK EURUSD
Resistance Levels
- R1 1.12000
- R2 1.11800
- R3 1.11600
- R4 1.11400
Support Levels
- S1 1.11468
- S2 1.10648
- S3 1.10249
- S4 1.09824
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 (30-08-2024)
GBPUSD Remains SELL Potential, Intraday Bias Still Bearish
GBPUSD Analysis
US GDP Strengthens, Market Focus on PCE
The US GDP data for Q2 QoQ showed an increase from 1.4% to 3%, while weekly jobless claims decreased from 233,000 to 231,000. Today’s market attention shifts to the Core PCE Price Index data to gather inflation insights that could impact the Fed’s decision.
Continued Bearish Movement
Today’s intraday bias leans towards bearishness. A sell signal can be considered if the price enters the designated entry area.
Prediction: WEAK GBPUSD
Resistance Levels
- R1 1.32600
- R2 1.32400
- R3 1.32200
- R4 1.32000
Support Levels
- S1 1.32327
- S2 1.31312
- S3 1.30784
- S4 1.30236
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 (30-08-2024)
XAUUSD Still a SELL Opportunity: Broadening Pattern Persists
XAUUSD Analysis
US GDP Rises, Market Awaits PCE
The US GDP data for Q2 QoQ showed an increase from 1.4% to 3%, while weekly jobless claims dropped from 233,000 to 231,000. Today, the market anticipates the release of the Core PCE Price Index data to gain further insight into the potential magnitude of the Fed’s rate cuts.
Broadening Pattern Remains Visible
The broadening pattern is still evident on the H1 time frame. A sell opportunity can still be considered as long as the price stays within the boundaries of this formation.
Prediction: WEAK XAUUSD
Resistance Levels
- R1 2532.00
- R2 2528.00
- R3 2524.00
- R4 2520.00
Support Levels
- S1 2531.25
- S2 2517.58
- S3 2510.53
- S4 2503.18
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, Thursday (29-08-2024)
Check XAUUSD SELL Potential: BROADENING Pattern Observed
XAUUSD Analysis
USD Strengthens, Market Awaits US GDP
Gold prices dropped amid a strengthening USD as the market anticipates today’s US GDP data, followed by Friday’s US inflation data in the form of the PCE Price Index. If the PCE data comes in lower than expected, the Fed may adopt a more dovish stance. Conversely, if not, the USD’s weakening might be limited.
Broadening Pattern
A broadening pattern has appeared on the H1 timeframe. A sell opportunity can be sought in the entry area below the upper line of this pattern.
Prediction: WEAK XAUUSD
Resistance Levels
- R1 2540.00
- R2 2535.00
- R3 2530.00
- R4 2525.00
Support Levels
- S1 2529.89
- S2 2504.46
- S3 2491.20
- S4 2478.45
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 (29-08-2024)
Check GBPUSD SELL Opportunity, Trendline Broken!
GBPUSD Analysis
USD Strengthens Ahead of Month-End
The USD has gained strength as the month-end approaches, recovering from its earlier dip to annual lows. The market is now awaiting economic data that could influence the pace of Fed’s interest rate cuts, such as the US GDP to be released tonight and the US Core PCE Price Index later this week.
Up Trendline Broken
The price has broken below the uptrend line seen on the H1 timeframe, making the intraday bias more bearish today. A sell signal can be sought if the price returns to the designated entry area.
Prediction: WEAK GBPUSD
Resistance Levels
- R1 1.33000
- R2 1.32500
- R3 1.32000
- R4 1.31500
Support Levels
- S1 1.32727
- S2 1.31718
- S3 1.31236
- S4 1.30754
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.