Bearish Bias but Avoid Chasing Shorts, Going Short at Highs Recommended

Eva Chen

Commodity

Central Bank

Economic

Summary:

The U.S. non-farm payrolls increased by 187,000 in July, which was lower than the expected 200,000 and significantly below the 12-month average of 312,000. The unemployment rate declined from 3.6% to 3.5%, beating the expected 3.6%. Since March 2022, the unemployment rate has fluctuated between 3.4% and 3.7%. The labor force participation rate remained unchanged at 62.6% for the fifth consecutive month. Average hourly wages rose by 0.4% MoM, higher than the expected 0.3%. Over the past 12 months, average hourly wages have increased by 4.4%. The average weekly working hours saw a slight decline of -0.1 hours to 34.3 hours.

SELL XAUUSD

EXP

EXPIRED

1958.00

Entry Price

1892.00

1985.00

2623.41 +28.97 +1.12%

Pips

EXPIRED

1892.00

1891.42

Exit Price

1958.00

Entry Price

1985.00

Fundamentals

The report released by the U.S. Bureau of Labor Statistics on Friday showed a moderate increase of 187,000 in non-farm employment in July, similar to the June figures. The unemployment rate dropped to 3.5%, and wages showed steady growth.

The employment growth in the US was more moderate in July, while wage growth remained robust, in line with the ongoing labor demand, which is the driving force behind the economic recovery. It is worth noting that the average workweek decreased to 34.3 hours, which is comparable to the lowest level since the spring of 2020 when the pandemic was at its peak. This is another sign of weakness in the job market, indicating that employer demand is weakening. The idea is that companies may reduce employees' work hours before resorting to layoffs.

Overall, the report remains robust in the context of employment growth, and the content of the report is positive. The employment rate remains high, close to or reaching the expected levels, and the unemployment rate is at a 50-year low. Hawkish Fed officials will keep an eye on wage growth, which is their real concern. Employment costs will be a driving factor for inflation, and achieving sustainable disinflation may prove challenging. Hawkish officials will advocate for further action based on the strength of the labor market.

Everyone wants to see healthy real wage growth, but the key challenge now is that wage growth remains at previous levels despite a significant drop in inflation rates. Unless we can sustain significant productivity gains, aligning all these factors may prove difficult.

XAUUSD: Bearish Bias but Avoid Chasing Shorts, Going Short at Highs Recommended_1

Technical Analysis

Due to robust U.S. economic data, the gold price has been forming lower lows and lower highs in the past few trading days. Both the 50-day SMA and the 20-day SMA, which came close to $1,945 last Friday, have failed to halt the decline in the gold price.

Currently, the price remains below the breached bearish channel, indicating early signals of a short-to-medium-term downtrend, and it continues to diverge downward. Meanwhile, the negative trajectories of the RSI and MACD reflect sustained weak demand.

Nevertheless, while our short- and medium-term trends remain bearish, we still anticipate a potential rebound in the gold price to seek more favorable short entry positions.

On the downside, the $1,920-$1,930 region will be closely watched, as it includes the short-term moving averages, the interim uptrend line starting from the June low, and the upper edge of that channel. The 38.2% Fibonacci retracement level is also positioned there. Therefore, a break below this level may trigger significant selling toward the $1,892-$1,900 range, which converges with the 200-day SMA. Further downside could be halted around the $1,865-$1,855 range.

Overall, in the past few trading days, as the gold price further declined, our target levels have also moved lower. Despite anticipating some upward movement, the ultimate outlook remains bearish. In terms of trading, it is recommended to go short at highs.

Trading Recommendations

Trading Direction: Short

Entry Price: 1958

Target Price: 1892

Stop Loss: 1985

Valid Until: 2023-08-18 23:55:00

Support: 1923, 1912, 1903

Resistance: 1938, 1954, 1964

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

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Eva Chen

Forex

Central Bank

Economic

Summary:

Following this week's release of important U.S. employment data (ADP), investors are awaiting today's release of the most crucial U.S. non-farm payroll report, which could influence the Fed's decision on whether to raise interest rates again this year.

BUY EURUSD

Close Time

CLOSED

1.08750

Entry Price

1.10500

1.08000

1.04249 +0.00643 +0.62%

31.7

Pips

Profit

1.08000

1.09067

Exit Price

1.08750

Entry Price

1.10500

Fundamentals

The market currently believes that the upcoming non-farm payroll report could pose potential dilemmas for the Fed and investors. On one hand, stable job growth aligns with the Fed's confidence in achieving a soft landing for the U.S. economy. On the other hand, a tight labor market leading to accelerated wage growth might compel the Fed to maintain its tightening policy, potentially complicating the soft landing strategy.

An increase of 200,000 jobs is expected in July, with the unemployment rate predicted to remain steady at 3.6%. Average hourly wages are forecasted to rise by 0.3% on a month-on-month basis.

Based on recent developments, the market is gradually convinced of the possibility of the Fed achieving an economic "soft landing." The sustained monthly increase of around 200,000 jobs further supports this likelihood.

However, wage growth remains uncertain. With an expected month-on-month growth rate of 0.3%, the annual rate could easily stay above 4%, significantly higher than the Fed's target inflation rate of 2%. A robust report is likely to spark market debates on whether the Fed needs to further tighten monetary policy, pushing the current range of 5.25-5.50% to a peak of 6%.

For the market aspect, today's U.S. non-farm payroll data is expected to confirm a strong performance of the U.S. economy and continue supporting the U.S. dollar. As long as the data today is not particularly dismal, the dollar is likely to find continued support amidst a relatively robust economic development and tight labor market backdrop. However, after the release of strong U.S. ADP data on Wednesday, there is a possibility that the market might have overestimated non-farm expectations, leading to a potentially weak start for the dollar.

The EURUSD remained nearly unchanged on Friday, trading in the range of 1.0950. With the release of U.S. non-farm payroll data, we can expect to see more volatility in the New York market.

EURUSD: Focus on U.S. July Non-Farm Payroll Report_1

Technical Analysis

On Friday, the EURUSD continued to consolidate in a sideways pattern, despite breaking out of a bearish channel in the 4-hour chart. However, the asset still maintains a downward trend and hovers dangerously near the 1.0950 level.

Currently, the EURUSD is still supported by the 61.8% Fibonacci retracement of the upward trend from June to mid-July and reinforced by the 89 and 100-day SMAs. Nevertheless, the relative strength index (RSI) remains below 50, indicating a lack of interest from buyers.

However, if the market gains strong momentum above both moving averages, further upside could be in sight, with a potential extension to the 1.0987 level. Conversely, a daily closing price below 1.0900 may open the door for a further decline toward the 1.0830 level. Breaking below this level would signal a bearish outlook for the medium term.

Overall, the EURUSD may maintain positive momentum in the coming trading days, but only a successful break above the 1.1170 resistance level would reverse the previous bearish sentiment that started from 1.1275. In terms of trading strategy, buying the dips is recommended.

Trading Recommendations

Trading Direction: Long

Entry Price: 1.0875

Target Price: 1.1050

Stop Loss: 1.0800

Valid Until: 2023-08-18 23:55:00

Support: 1.0913, 1.0866, 1.0832

Resistance: 1.0962, 1.0986, 1.1028

Risk Warnings and Disclaimers

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Peterson

Commodity

Summary:

Today's oscillation range will be from 80.5 to 82.5, and it is better to buy lows and sell highs.

SELL WTI

Close Time

CLOSED

83.200

Entry Price

81.200

83.600

69.447 +0.305 +0.44%

40.0

Pips

Loss

81.200

83.608

Exit Price

83.200

Entry Price

83.600

Fundamentals

During Friday's (Aug. 4) Asian session, WTI crude oil oscillated downward, and it is currently trading near $81.3/bbl. Yesterday, oil prices surged in the evening as expected due to the tight supply from Saudi Arabia and Russia. Saudi Arabia said it would extend its voluntary production cuts of 1 million bpd for a third month to the end of September, adding that it may extend the voluntary cuts again. Meanwhile, Russia also confirmed that it would further cut 300,000 bpd of exports in September. Due to the production cuts, oil prices' positive trend is fundamentally unchanged. Yesterday, we emphasized that the oil price retracement is just for a better rise, and it successfully retraced to 78.5, which is the perfect level for entering long positions. At present, oil prices reach 81.5 again, a sharp rebound for 3 dollars, and oscillate near the 5-day SMA. Tonight, there will be Nonfarm Payrolls data released, and oil prices will continue to be strong after oscillations. However, investors should not chase the upward trend today but only go long after a retracement.

Data: As of the week of July 28th, 2023, U.S. crude oil inventories totaled 786.53 million barrels (including SPR), down 17.05 million barrels from the previous week. In addition, U.S. commercial crude oil inventories were 439.771 million barrels, down 17.05 million barrels from the previous week, the largest drop since 1982. U.S. ISM non-manufacturing index lowered to 52.7 in July, and the June PPI for the Eurozone fell 3.4% YoY in June, the biggest plummet since June 2020.

Today's focus: U.S. Nonfarm Payrolls report.

Technical Analysis

Daily chart: Yesterday, the U.S. crude oil retraced under pressure at 80.5 as expected and fell to 78.5. In the evening, there was unexpected fundamental news that Saudi Arabia confirmed the extension of the production cuts, which boosted the U.S. crude oil to 81. However, it fell back to 80 rapidly, caused by the mismatch between the unexpected favorable news and the expectation of the technical trend. However, as the market accepted the news, the U.S. oil rebounded, testing the resistance at 82 and closing the daily chart higher. Such a gain almost recovered Wednesday's giant bearish candle, proving that the technical force seems weak compared to the sentiments brought by fundamentals. Now, investors can only balance their positions by considering win rates and odds.

Today's trading plan: Keep an eye on the oscillations near 82.2. If WTI appreciates, investors need to focus on the strong resistance from 83 to 83.5 above. For the situation below, try to focus on the oscillations near the 5-day SMA (81.2), and the support should be near the 10-day SMA (80.3). WTI: Oil Prices Get Stronger Due to Production Cuts _1

WTI: Oil Prices Get Stronger Due to Production Cuts _1

Trading Recommendations

Trading direction: Short

Entry price: 83.200

Target price: 81.200

Stop loss: 83.600

Support: 80.300/78.500

Resistance: 82.300/83.500

Risk Warnings and Disclaimers

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Peterson

Commodity

Summary:

The oscillation range during the day will be 1919-1952, and investors are advised to buy low and sell high.

BUY XAUUSD

Close Time

CLOSED

1919.00

Entry Price

1952.00

1915.00

2623.41 +28.97 +1.12%

40.0

Pips

Loss

1915.00

1914.98

Exit Price

1919.00

Entry Price

1952.00

Fundamentals

During the Asian session on Friday (August 4), spot gold fluctuated to the upside and is currently trading around 1935. US Treasury yields continued to recover yesterday, with the 10-year bond yield rising to 4.198%, which is the highest level since last November. The yield on the 30-year bond rose 14 bps overnight to 4.30%, which is another high since 4.42% in October 2022, supporting the Dollar Index higher to the 102.9 line. The overnight US manufacturing data was not ideal, indicating a potential for the US economy to go weak. As a result, the dollar index slid lower, and gold prices were supported. However, the market is waiting for the US non-farm payrolls report for July tonight. The explosive ADP data has raised expectations that the July non-farm payroll data would exceed expectations to the upside. This makes the intraday rebound space of gold prices limited and overall in a weak state. The range of volatility is relatively small, with the lowest falling to the 1929 line and the highest rebounding to the 1939 line. Currently, gold prices are still in the process of phased adjustment, and are keeping an eye on the release of Non-Farm payrolls.

Data: The US ISM Non-Manufacturing index fell to 52.7 in July. US initial jobless claims last week were 227,000, compared with the expected 227,000 and the previous value of 221,000. The number of continuing jobless claims for the week of July 22 was 1.7 million, meeting market expectations. Eurozone PPI fell 3.4% YoY in June, which is the sharpest decline since June 2020.

Data for investors to watch today include the US Non-Farm payrolls report due tonight, which could affect the Fed's policy stance.

Technical Analysis

Trading at the daily timeframe, the prices are in a weak pattern, fluctuating repeatedly at a low level, with the highest below 1939 and the lowest above 1929. Although every rise and fall has broken key levels, none of them can be sustained. The market is waiting for the August Non-Farm payrolls before prices can fluctuate significantly. Currently, gold prices show signs of bottoming out at the 1930 line. However, they are still below the moving average band and maintain a weak trend. If the non-farm payrolls are slightly better than expected tonight, then gold prices may fall below 1930, further extending the downside space, and lower support will be at the 1919 line. If the data is greatly better than expected, gold prices do not rule out another fall to the 1905 line. On the contrary, if the data falls short of expectations, gold prices will be able to rebound with support or even reverse the trend. Above, the 1952 position will be tested. Once the gold price stands above the moving average, the price may return to a strong trend. After Thursday's slight decline, the daily chart shows a small Doji Star at a low level. Gold prices may be able to rebound in the near future. During the day, the initial lower support looks at the 1929 line which is yesterday's low, and the upper resistance looks at the MA5 at 1942.

Since the non-farm payrolls tonight will have a very large impact on the market, conservative investors can temporarily watch the gold trading in the Asia and Europe sessions, while aggressive investors can focus on the oscillation in the 1930-1940 range to buy low and sell high. Perhaps the oscillation range will expand to 1919-1952 when the data comes out. XAUUSD: Price Is Fluctuating in a Weak Pattern, Waiting for Non-Farm Payrolls_1

XAUUSD: Price Is Fluctuating in a Weak Pattern, Waiting for Non-Farm Payrolls_1

Trading Recommendations

Trading Direction: Long

Entry Price: 1919

Target Price: 1952

Stop Loss: 1915

Support: 1929.000/1919.000

Resistance: 1942.000/1952.000

Risk Warnings and Disclaimers

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Jason

Summary:

We can be cautiously optimistic about the non-farm payrolls this time, which may be higher than the market expected. In other words, this non-farm payrolls data may boost the dollar.

BUY USDX

Close Time

CLOSED

102.230

Entry Price

103.356

101.700

107.570 -0.540 -0.50%

46.4

Pips

Profit

101.700

102.694

Exit Price

102.230

Entry Price

103.356

Fundamentals

The U.S. dollar closed down 0.1% on Thursday after a slight rally. It was mainly due to the lack of important economic data and the interest rate hike expectations having been priced in by the market. At the same time, the market is gradually in a wait-and-see state due to the approach of the release of non-farm payrolls.

The U.S. July non-farm payrolls will be announced today. The market will use it to measure the status of the U.S. labor market and assess the Federal Reserve's subsequent monetary policy path.

Looking at the last non-farm payrolls data, we can know that: employment in the commodity-producing sector remains strong because the construction industry continues to be hot. Employment in the private service sector fell sharply. In particular, the leisure and accommodation sector had been performing strongly, but it has not seen strong job growth in the summer travel season.

However, we can broadly judge from the recent data on Pending Home Sales (0.3% vs. the previous -2.7%), New Home Sales (697,000 vs. the previous 763,000), Building Permits MoM (-3.7% vs. the previous -3.7%), Annualized Total New Home Starts (1.434 million vs. the previous 1.631 million), and Construction Expenditures (0.5% vs. the previous 1.1%) that the July housing market's shifted gradually from the previous new homes to pending homes. This means that the construction sector, which performed well in the last non-farm payrolls, may lose its main driving force. It should be noted that, taking into account the lag between home sales and home construction, a sharp drop will not be seen in the construction industry employment this time, but may be seen in August.

The service sector did perform well in the ADP employment (324,000) report released on Wednesday. Its sub-data show that service-related industries dominate this month's job creation. The entire service industry created 303,000 jobs in July, leading the ADP on its own. Among them, the leisure and hospitality industry as the main driving force increased by 201,000 jobs.

We can see the main driving force for job growth of the last non-farm payrolls, which perhaps will continue this time.

In addition, the always bright and quite resilient professional and business services may also embrace job growth. The June JOLTS job openings announced on Tuesday showed that labor market conditions have weakened, but the weakness is not obvious. And the holiday season in the United States may help the service sector pick up again.

Therefore, we can be cautiously optimistic about the non-farm payrolls this time, which may be higher than the market expected. In other words, this non-farm payrolls data may boost the dollar.

Technical Analysis

In the 4-hour chart, the dollar is temporarily resisted by the 0.618 Fibonacci retracement level at $102.752. The price can move up to $103.356 and $103.821 if breaking above this level. The short-term key support is the 0.786 Fibonacci retracement level at $101.893, which is also the neckline of the M pattern in the daily chart.

As for indicators, STS is near the oversold area, and a golden cross will be formed; in the Ichimoku Cloud, the turning line is moving upward. The baseline shows signs of moving sideways, and the price is also approaching this line; in DMI, +DI is likely to cross over -DI, and -DI is below +DI at 18.3 and is going upward. All these show that the dollar will continue to go down in the short term before rebounding. Taking into account the non-farm payrolls today, investors can try to buy the dollar at low levels during the day.

USDX: Nonfarm Payrolls May Boost Dollar_1

Trading Recommendations

Trading direction: Long

Entry price: 102.23

Target price: 103.356

Stop loss: 101.70

Support: 102.232, 101.893, 101.512

Resistance: 102.752, 103.069, 103.356

Risk Warnings and Disclaimers

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Warren Takunda

Traders' Opinions

Summary:

The GBP/NZD pair is exhibiting a triangle breakout on the 4-hour chart, indicating the potential for a significant uptrend. Technical indicators are offering mixed signals, but with the upper hand currently with the bulls. Traders should exercise caution and consider upcoming events, such as the BOE's monetary policy decision, as they position themselves to capture potential opportunities amidst market fluctuations.

BUY GBPNZD

Close Time

CLOSED

2.10000

Entry Price

2.13000

2.07500

2.22070 +0.00069 +0.03%

117.6

Pips

Profit

2.07500

2.11176

Exit Price

2.10000

Entry Price

2.13000

GBP/NZD pair is presenting an intriguing opportunity on the 4-hour chart. The currency pair has been forming an ascending triangle pattern, and it seems that a breakout to the upside is now in motion, indicating the possibility of a significant rally.

As depicted on the 4-hour chart, GBP/NZD is just beginning to close above the upper boundary of the ascending triangle pattern. This breakout suggests that the pair may experience a price increase of approximately 500 pips, corresponding to the height of the formation, if bullish momentum persists.

GBP/NZD: Ascending Triangle Breakout. Whats Next?_1

The ascending triangle pattern spans a range from 2.0400 to 2.0900, indicating the potential extent of the uptrend. If the breakout is successful and sustained, traders may witness the GBP/NZD pair reaching fresh highs.

While technical indicators are somewhat mixed at this stage, there are signs favoring the bulls. The 100-day Simple Moving Average (SMA) is positioned above the 200-day SMA, confirming the upper hand of the bulls in the current price action. Additionally, both moving averages align with the triangle's bottom, providing robust support in case of a downward correction.

However, traders should exercise caution, as the Stochastic oscillator is indicating overbought conditions or exhaustion among buyers. If the Stochastic heads south, it may signal a shift in momentum and the potential for bears to take control. In this scenario, GBP/NZD might either retest the broken resistance or seek additional support closer to the triangle's bottom.

Amidst the technical considerations, traders should also be mindful of upcoming events that could impact the pair's performance. The Bank of England's (BOE) monetary policy decision is on the horizon, and it has the potential to introduce heightened volatility to pound pairs, including GBP/NZD. A hawkish stance from the BOE could favor the U.K. currency, particularly as the Reserve Bank of New Zealand (RBNZ) has already paused its tightening policy stance a few weeks prior.

Traders must assess the likelihood of a "dovish hike" by the BOE this time, which could potentially shift market sentiment. As the central banks' monetary policy decisions unfold, traders should closely monitor the pair's price action and adapt their strategies accordingly.

TRADE RECOMMENDATION

BUY GBPNZD

ENTRY PRICE: 2.100

STOPLOSS: 2.07500

TAKE PROFIT: 2.1300

Risk Warnings and Disclaimers

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Eva Chen

Forex

Central Bank

Economic

Summary:

The Bank of England (BoE) raised its interest rates by 0.25 percentage points to 5.25% today, reaching the highest level in 15 years. This is the 14th consecutive rate hike by the central bank to tame stubborn inflation pressures. Previously, some economists were concerned that the BoE might opt for a 0.5 percentage point increase, which could increase the risk of an economic downturn. However, after the UK's annual inflation rate decreased last month, policymakers chose a more moderate rate hike.

BUY GBPUSD

Close Time

CLOSED

1.26632

Entry Price

1.29180

1.24700

1.25573 +0.00575 +0.46%

68.5

Pips

Profit

1.24700

1.27317

Exit Price

1.26632

Entry Price

1.29180

Fundamentals

As expected, the Bank of England raised interest rates by 25 basis points to 5.25% today. The decision was passed with a 6-3 vote in favor of the rate hike, marking the first time this year that there has been a three-way split on this decision. Two Monetary Policy Committee members, Mann and Haskel, voted in favor of a 50 basis point rate increase this month, while member Dhingra continued to vote for keeping rates unchanged, warning of risks of over-tightening. BoE Governor Andrew Bailey emphasized that inflation hits the poorest people the most, and the central bank needs to ensure it falls back to the 2% target.

Earlier, both the Federal Reserve and the European Central Bank raised rates by 25 basis points, but unlike them, the BoE has given almost no indication of signaling an end to rate hikes in its fight against high inflation. In its latest guidance on interest rate prospects, the Monetary Policy Committee stated that it would ensure rates be in restrictive territory enough for a sufficiently long period to bring inflation back to the 2% target. They also added that some risks of sustained intensifying inflation pressures may have already emerged.

The BoE's statement included the wording that the current monetary policy stance was "restrictive," suggesting its willingness to maintain rates at higher levels for an extended period to sustainably achieve the 2% inflation target. This acknowledges a long-term stance of keeping rates high as the core CPI in June remains elevated at 6.9%.

While there are evident signs of core price pressures cooling down, there is still a way to go to reach the target. The BoE's wording indicates that it expects prices to keep rising, though not overly concerned about how high they will go. Hence, the focus now shifts from overall inflation (and any signs of sharp inflation decline) to service inflation stickiness and how quickly private-sector wage growth of 7.7% will descend to the BoE's year-end target of 6%.

The interest rates in the UK may be reaching their peak but are unlikely to come down quickly. The hawkish tone of the BoE, expressing the need for "restrictive" rates if necessary, indicates that further rate hikes are on the horizon and could be maintained at this elevated level for about a year. The central bank seems to recognize that core inflation needs time to cool down. We expect rates to remain unchanged until the end of 2024.

GBPUSD: Bearish Momentum Exhausted, Buy the Dips Recommended_1

Technical Analysis

The recent weakness in the British pound reflects a decline driven by heightened global risk aversion. On Thursday, the GBPUSD pair cumulatively dropped 462 pips since its high point on July 14th at 1.3142, reaching a key mid-term support level at 1.2630.

Yesterday's intraday low at 1.2680 nearly reached the critical mid-term support at 1.2630, which is converging with the lower boundary of the mid-term upward channel since the low at 1.1147 on November 4, 2022, and the upward-sloping 100-day SMA. However, the price tested that level today. Currently, a consolidation zone is forming above this level as short-term downward momentum has reached oversold conditions. A breakout to the upside may lead to a rise toward the 1.2825 level.

On the other hand, a sustained break below 1.2630 and holding below this level would invalidate the scenario of a rebound, exposing the next support level at 1.2445.

Overall, the 1.2630 level seems to be the endpoint for this round of bearish movement, and the failure of the bulls to regain this level could lead to more significant losses. However, we should not rule out the potential for a rebound as the currency pair is already in an oversold condition. In terms of trading strategy, buying the dips is recommended.

Trading Recommendations

Trading Direction: Long

Entry Price: 1.2630

Target Price: 1.2918

Stop Loss: 1.2470

Valid Until: 2023-08-17 23:55:00

Support: 1.2610, 1.2592, 1.2552

Resistance: 1.2759, 1.2842, 1.2896

Risk Warnings and Disclaimers

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Bearish Bias but Avoid Chasing Shorts, Going Short at Highs Recommended

Fundamentals

Technical Analysis

Trading Recommendations

Focus on U.S. July Non-Farm Payroll Report

Fundamentals

Technical Analysis

Trading Recommendations

Oil Prices Get Stronger Due to Production Cuts

Fundamentals

Technical Analysis

Trading Recommendations

Price Is Fluctuating in a Weak Pattern, Waiting for Non-Farm Payrolls

Fundamentals

Technical Analysis

Trading Recommendations

Nonfarm Payrolls May Boost Dollar

Fundamentals

Technical Analysis

Trading Recommendations

GBP/NZD: Ascending Triangle Breakout. Whats Next?

TRADE RECOMMENDATION

Bearish Momentum Exhausted, Buy the Dips Recommended

Fundamentals

Technical Analysis

Trading Recommendations

Risk Disclosure