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Trading Analysis

Buy USDCAD
PENDING

USDCAD: Bullish Potential for the Pair Remains Unchanged Due to Risk Aversion

The USDCAD is trading above last week's bullish breakout momentum and continues to gain positive traction on Monday. This momentum pushed the spot price to its highest level since June 2020, sitting near 1.3640 in the early European session and supported by a number of factors.

Eva Chen

Sell GBPUSD
PENDING

GBPUSD: GBP Stabilized and Recovered, but Still Too Early to Confirm the Bottom

Market speculation that the Bank of England will have to step in to stabilize its currency helped the GBPUSD recover all of its losses in the Asian session and rally back above the 1.0800 handle by the New York session.

Eva Chen

Buy WTI
TRADING

WTI: Will There Be An "Oversold Bounce" After A Big Drop?

Oil prices recorded their longest one-week decline of the year last week, falling more than 5% overall for the fourth straight week, and closed below $79 per barrel on Friday for the first time since January, as global central banks let loose to step up their fight against inflation at the expense

Eva Chen

Buy USDCNH
PENDING

USDCNH: The Central Bank Intervenes in the Forex Market, But It Is Hard to Change the Depreciation Trend

On September 26, the People's Bank of China announced that since September 28, it will increase the foreign exchange risk reserve ratio of forward foreign exchange sales business from 0 to 20%, but it is hard to change the trend of RMB depreciation.

King Ten

Buy COPPER
PENDING

CMX COPPER: Absolute Inventories Low, Focus on Short-Term Bottom Support

The Fed's aggressive interest rate hike has pushed the U.S. dollar index up sharply, and overseas recession expectations are self-enforcing, which puts downward pressure on copper prices, but at the same time domestic is still actively stabilizing the economy, and copper inventories are low and sup

King Ten

Sell EURUSD
PENDING

EURUSD: Euro Rally Limited, Downside Focus on 0.95671

The euro is weakened by multiple factors. Although the euro has rallied in the short term, it is only due to market sentiment. And coupled with the fact that a new round of downside has been opened, the euro is expected to have a limited rebound.

Jason

Buy USDX
PENDING

USDX: Dollar Expected to Continue Upside with Risk Aversion Support

The market is in turmoil and strong risk aversion is supporting the dollar's rise.

Jason

Sell EURCAD
TRADING

EURCAD : Clean Wedge Breakout & Retest

The EURCAD price is expected to fall to 1.29000 with two price targets since it is currently at a resistance level.

Warren Takunda

Sell ETH-USDT
PENDING

ETH-USDT: Bulls Need to Be Cautious as Weakness Remains

In the daily chart, there is a strong pressure zone between 1350 and 1420, and the price is currently in a rebound trend. It is recommended to go short at highs.

Damon

Sell WTI
PENDING

WTI: Oil Prices Fall for Fourth Straight Week on Gloomy Economic Outlook

The Fed sent its clearest signal yet that it is willing to tolerate a recession in exchange for keeping inflation under control. Oil prices fell for the fourth week in a row after major economies successively started a cycle of interest rate hikes that dimmed the outlook for energy demand.

Eva Chen

Sell USDX
LOSS -1200 Points

USDX: USD's Appreciation Maintains, Short-term Rebounds Should Be Focused

The reason for the USD's appreciation this year is not only the tightening of the Fed's monetary policy but also the differences in economic and financial factors in other non-US currency countries. The BOJ (Bank of Japan)'s intervention may moderate the USD's rise in the short term.

King Ten

Sell EURUSD
EXPIRED

EURUSD: Go Short after a Rebound as EUR Is Weak 

A strong USD, signs of an escalating regional conflict, and a possible further exacerbation of the energy crisis as well as economic risks all contribute to the EUR's weakness more than ever. 

Jason

Sell ETH-USDT
TRADING

ETHUSDT: Oscillating Downward and Targeting the 1000 Mark?

The recent sentiment in the cryptocurrency market has been weak. Ether remains bearish and is likely to further drop to the previous low of 1000.

Thomas

Buy USDX
EXPIRED

USDX: Dollar's Rise Remains, Short-term Focus on 111.300

The current rise of the dollar is both affected by the interest rate hike by the Fed and the interest rate difference between the currencies of various countries and the dollar due to policy gaps. Intervention by the Bank of Japan (BOJ) could not reverse the dollar's upward trend.

Jason

Sell USDJPY
TRADING

USDJPY: Central Bank Intervention May Ease Trading Sentiment in the Short Term

The Bank of Japan's intervention in the foreign exchange market may make the market hesitate in the short term, but it will not change the yen's weakness in the long run.

King Ten

Sell XAUUSD
TRADING

XAUUSD: Gold Price Fluctuates Repeatedly, Waiting for a Break

After the global central banks raised interest rates, the biggest bearish news suppressing gold prices has almost gone in the short term. Gold has maintained a volatile adjustment, but there is still a risk of further decline in the short term.

Winkelmann

Sell USDJPY
TRADING

USDJPY: BOJ Intervened in the FX Market for the First Time in 24 Years. How Effective It Is?

At a policy meeting that ended earlier today, the Bank of Japan (BOJ) maintained its yield curve control (YCC) policy and dovish forward-looking guidance unchanged. Subsequently, the Ministry of Finance instructed the BOJ to intervene to support the JPY. The USDJPY fell five-digit to 140.8 and then

Eva Chen

Buy GBPUSD
LOSS -1560 Points

GBPUSD: Oversold Rebound Will Come After the Sharp Drop

The Bank of England (BOE) decided to raise interest rates by 50 basis points to 2.25% by a 5: 4 voting result, which is in line with market expectations. The BOE has raised interest rates seven times in a row since December last year. Nonetheless, the BOE's decision has still had a limited boost on

Eva Chen

Buy XAUUSD
LOSS -1964 Points

XAUUSD: Diametrically Opposed Fundamentals and Technical Analysis

Major central bank events intensified risk aversion sentiments, reversing gold's rebound from a two-year low. The recent weakness in gold prices was linked to the Fed's pain in containing inflation soaring, with multiple central banks following the Fed's hawkish line giving bears hope. However, is

Eva Chen

Buy WTI
LOSS -2500 Points

WTI: Rebound Should Be Considered with the Double Dip at the Bottom in 1D Timeframe

Worries about tight supply in autumn and winter will overshadow worries about recession in the short term.

King Ten

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