DNA_BrianTrading

DNA_BrianTrading Updated  Oct 4, 2023

Brian says hello, everyone! Today, the USD JPY exchange rate continues to remain high in the market for several months. Currently, there is nothing impacting this currency pair on the market, and indicators like RSI and EMA continue to support the upward trend. However, there may still be short-term price corrections. The overall trend is still upward. At the...

DNA_BrianTrading Updated  Oct 4, 2023

Brian greets you all! Currently, the Australian Dollar (AUD) continues to suffer losses on Tuesday due to the strengthening of the US Dollar (USD) and the surge in US Treasury bond yields. Additionally, the AUD/USD pair is under pressure following the interest rate decision by the Reserve Bank of Australia (RBA). Looking at the AUD chart, it is currently moving...

DNA_BrianTrading Updated  Oct 3, 2023

Brian greets you all! Today, EURUSD continues to maintain its upward momentum from the previous decline at 1.049. The growth indicators continue to support this currency, although there may be a slight price correction in the short term. The next step for the EU is to surpass the resistance level at 1.0615, which is considered significant. After that, it can be...

DNA_BrianTrading Updated  Oct 3, 2023

Brian greets everyone! In the global gold market, the price of gold closed the week down $15.9 to $1,848.4 per ounce. The reasons for the decline in gold prices can be attributed to three weak points, including the recovery of the US dollar, higher US bond yields, and the US central bank maintaining its restrictive monetary policy in the near future, which has...

DNA_BrianTrading Updated  Oct 3, 2023

Brian hello everyone! USDJPY is currently at 149.60, a high level in many months. UJ continues to demonstrate its strong ability to increase in price within the upward trend channel. Both the RSI and EMA indicators indicate the likelihood of continued recovery support, with prices possibly fluctuating within the range of 149.7 - 148.55 before reaching the level...

DNA_BrianTrading Updated  Oct 3, 2023

Brian, hello dear friends! Today, the EUR/USD pair is struggling to find any meaningful upward momentum on the first day of the new week and is trading within a narrow range around the 1.0500 level during the Asian trading session. The prospect of further tightening by the Federal Reserve has boosted US Treasury yields, further strengthening the US Dollar (USD)....

DNA_BrianTrading Updated  Oct 3, 2023

Brian, hello everyone! GBPUSD is still trying to recover from its losses. The Relative Strength Index (RSI) on the 4-hour chart remains below 30, indicating an oversold condition. The GBP/USD is trading slightly below the lower limit of the descending regression channel. If this currency pair undergoes a technical correction, it may encounter resistance levels at...

DNA_BrianTrading Updated  Oct 3, 2023

Brian greets everyone! Gold prices today are still being negatively affected in the market as the US dollar index continues to rise, currently surpassing 106 points. US bond yields have not stopped increasing, and the global market is concerned about the ongoing inflationary pressures. Regarding the forecast for gold prices next week, both analysts and investors...

DNA_BrianTrading Updated  Oct 2, 2023

Brian hello everyone! Currently, the price of gold is trading below $1,840, the lowest level since March 10th, putting the last quarter of this year in a negative situation. The US dollar is strengthening its previous recovery against its major counterparts, bolstered by the recent uptick in the US dollar. With the Relative Strength Index (RSI) indicator in 14...

DNA_BrianTrading Updated  Sep 30, 2023

Bria greets you all! As predicted yesterday, GBPUSD had a trading session with prices rising to 1.227 and then slightly correcting to 1.220. On the 1-hour chart, the uptrend channel is still functioning well, and market sentiment continues to support GU. If it manages to surpass the resistance at 1.227, it will create further upward momentum for GU in the next...

DNA_BrianTrading Updated  Sep 30, 2023

EURUSD continues to attempt to rise from previous losses and is currently trading at the level of 1.057. After breaking out of the range around the 1.065 price level, EU extended its downward trend to 1.050. By observing the chart, a cup and handle pattern may be forming. EU is trading above the 34 and 89 EMA lines, indicating an upward trend. A rise to 1.066 can...

DNA_BrianTrading Updated  Sep 30, 2023

Brian greets everyone! Today, GBPUSD continues to maintain an upward trend, actively recovering from the relentless decline and currently trading around the 1.222 price level. In addition, the recent warning from the US Federal Reserve about high inflation in the US could potentially lead to another interest rate hike by the end of this year. Consequently, the...

DNA_BrianTrading Updated  Sep 30, 2023

Brian greets you all. Yesterday witnessed gold continuing to decline from $1875 to $1866 in today's trading session. This is the lowest figure seen in months. High bond yields and a strong USD continue to weigh on the precious metal. With the Fed maintaining its trend of tightening interest rates and the market conditions unfavorable for gold persisting as they...

DNA_BrianTrading Updated  Sep 30, 2023

Brian, hello everyone! After a continuous decline in gold prices, today we are witnessing a trading session where gold has slightly increased to $1971, up by about $6.6 compared to yesterday. However, the USD and US government bond yields are still rising to the highest level in 16 years, increasing the opportunity cost of holding gold and causing investors to...

DNA_BrianTrading Updated  Sep 30, 2023

Brian, greetings to all of you! Today, USDJPY continued to maintain a downward trend, with the resistance level at 149.64 still unable to be overcome. Currently, it is trading at 148.96, experiencing a 0.22% decrease for the day. However, USDJPY still retains its allure, as the upward channel is still functioning well. Moreover, USD/JPY has received support from...

DNA_BrianTrading Updated  Sep 29, 2023

Brian, hello everyone! USDJPY continues to rise today, operating around the 149.36 area, which is a new high since breaking resistance at 147.7. This currency pair maintains its position within an upward channel, with clear signs of upward momentum indicated by the EMA 34 and 89 along with the RSI. The next prediction is that USDJPY will continue trading within...

DNA_BrianTrading Updated  Sep 29, 2023

Brian, hello everyone! Today, the EUR/USD is trading at 1.0500, attempting a gentle recovery from its 8-month low of 1.0488 during Thursday's Asian trading session. The modest decline of the US Dollar, amidst optimistic sentiment and the sluggish pace of the US Treasury bond yields, is providing support for this currency pair. On the 4-hour chart, this pair has...

DNA_BrianTrading Updated  Sep 29, 2023

Brian, hello everyone! Yesterday, we witnessed a trading session where the price of gold continued to plummet from $1900 to $1874. The strong support level of $1900 was broken, and both the RSI and the gold price traded below the 34 and 89 EMA lines, indicating a downward trend. In addition, market information reveals that the US dollar's rise in value is not...