BTC/USD, GBP/USD, Gold, Silver: : Technical Outlook, Edition #31
Our team at Qluster Research is super grateful to all our fantastic readers for supporting us through our first month! We're excited to deliver more quality market content, hot off the press each day
Now, let's get into today's one-month special edition...
Market sentiment remains jaded following last weeks taper tantrum, sparked by a hawkish turn in FED expectations revealed during the scheduled FOMC
Volatility has cooled off, and we see the optimal signs of risk appetite resurfacing as participants re-evaluate their forecasts and exposures.
Before looking at the charts, it is essential to note that the Bank of England (BoE) will be announcing their expectations tonight (21:00 AEST) and will likely follow a similar tone to the FEDs.
If this occurs, the Great British Pound (
GBP) will see some upside momentum as the BoE enters the taper talk window with revised interest rate adjustments.
Q's Trading Idea: GBP/USD
Mapped below using the M30 GBP/USD chart, the pair's performance depends entirely on tonight's announcement.
Pound sterling, GBP/USD - 30 Minute (M30)
Q's Trading Idea: Bitcoin, Gold, and Silver
Following on from Technical Outlook Edition #30 (23/06/2021), let's extend this research and see our forecasts for the assets below:
Bitcoin, BTC/USD - 4 Hour (H4)
Gold, XAU/USD - 4 Hour (H4)
Silver, XAG/USD - 4 Hour (H4)
Q's Conclusion
Commodities, cryptocurrency, and some risk-on currencies all look to be gearing up for a bullish reversal.
Remain vigilant for bullish re-tests and monitor how the markets react to the upcoming BoE meeting later tonight.
See you again for the next update.
- q
Now, let's get into today's one-month special edition...
Market sentiment remains jaded following last weeks taper tantrum, sparked by a hawkish turn in FED expectations revealed during the scheduled FOMC
Volatility has cooled off, and we see the optimal signs of risk appetite resurfacing as participants re-evaluate their forecasts and exposures.
Before looking at the charts, it is essential to note that the Bank of England (BoE) will be announcing their expectations tonight (21:00 AEST) and will likely follow a similar tone to the FEDs.
If this occurs, the Great British Pound (
GBP) will see some upside momentum as the BoE enters the taper talk window with revised interest rate adjustments.Q's Trading Idea: GBP/USD
Mapped below using the M30 GBP/USD chart, the pair's performance depends entirely on tonight's announcement.
Pound sterling, GBP/USD - 30 Minute (M30)
Q's Trading Idea: Bitcoin, Gold, and Silver
Following on from Technical Outlook Edition #30 (23/06/2021), let's extend this research and see our forecasts for the assets below:
Bitcoin, BTC/USD - 4 Hour (H4)
Gold, XAU/USD - 4 Hour (H4)
Silver, XAG/USD - 4 Hour (H4)
Q's Conclusion
Commodities, cryptocurrency, and some risk-on currencies all look to be gearing up for a bullish reversal.
Remain vigilant for bullish re-tests and monitor how the markets react to the upcoming BoE meeting later tonight.
See you again for the next update.
- q
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