Analiz
XAUUSD GOLD 1HR CHARTXAUUSD The outlook remains bullish, holding on to the same target as yesterday. Our analysis continues to support the expectation of upward momentum, reinforcing the importance of patience and precision in trading. Stay committed to the plan and allow the market to align with our projections.
Fundamental Market Analysis for September 25, 2024 GBPUSDGBPUSD:
GBP/USD continued to rally the Pound for the second day in a row, breaking above 1.3400 and hitting new 30-month highs after the US Dollar weakened significantly on Tuesday.
Wednesday will be quiet for the Pound in terms of data, although traders will be keeping an eye on statements from Bank of England Monetary Policy Committee (MPC) member Megan Green. MPC member Green will be speaking at the North East England Chamber of Commerce.
The U.S. portion of Wednesday's economic data list is also underweight for the midweek market session. August's monthly new home sales figure is unlikely to have much momentum one way or the other, followed by a speech from Federal Reserve Board of Governors (Fed) member Adrian Kugler, who will speak at Harvard's Kennedy School in Cambridge.
Consumer confidence deteriorated across the board on Tuesday, with consumer expectations for 12-month inflation accelerating to 5.2 per cent. Consumers also reported a general weakening in their six-month outlook for household financial conditions, and consumer assessments of overall business conditions turned negative.
The pullback in consumer confidence results triggered renewed trading in the rates markets in favour of a subsequent sharp rate cut in November. According to the CME's FedWatch tool, rates markets are pricing in nearly 60% probability of a second 50 bps rate cut. 7 November and only a 40% probability of a more reasonable subsequent 25bp rate cut. Earlier in the week, traders were estimating roughly equal odds of a 50bp or 25bp rate cut.
Trading recommendation: Trade predominantly with Buy orders from the current price level
AEFES/TRY potential bull flagTECHNICAL ANALYSIS
Bull flag might be forming in the 4 hour chart.
Volume has ben decreasing since entering the pattern.
MACD on the 1 hour chart might turn positive soon.
RSI on the 1 hour chart has a bullish divergence and a triangle pattern.
I expect a move in the next couple of days probably before 31 July.
AEFES is probably in an accumulation phase before going upwards again.
Target price is 385TRY if a breakout happens.
Traders need to be careful because the daily MACD is still in negative territories.
Watch out for potential breakouts from the pattern.
FUNDEMENTALS AND NEWS
AEFES will share its Q2 balance sheet on 8th of august. It is expected to be positive.
AEFES has factories in Russia. Ukraine and Russia might agree to a peace soon.
My view: POSITIVE
Disclaimer: This isn't financial advice.
EURUSD: Continue with the sell There was only a slight decrease in the last session, so no significant changes have appeared on EURUSD. Currently, we still have short positions according to previous reversal signals around the 1.10 resistance area, please continue. holding the position, the short-term target is still around the lower border of the rising channel, we will only abandon this strategy when the peak of 1.10 is completely broken.
BTCUSDTTwo different scenarios for the price of #BTC:
Hello Traders
If the Bitcoin price remains in the current stable position and does not lose its value in the following hours, we can expect a rise in the price of BTC from its current price (25600) to 31000 in the next week .
However, if the bitcoin loses its value again, the price will go down to the support area that is 21000 which can be a good opportunity for mid-term investment. See the image below for more details.