DNA_BrianTrading

DNA_BrianTrading Updated 

Greetings, my esteemed companions! This fine day witnessed the GBP/USD pair displaying remarkable fortitude beneath the 1.2400 threshold for two consecutive days, thereby enticing a few buyers during Friday's Asian session. The exchange rate has now partially reversed its decline from the previous day to reach a three-month low and presently hovers in the...

DNA_BrianTrading

Hello dear friends! AUDUSD continues to shine today as it maintains significant gains and is currently trading around the 0.645 threshold. In today's chart, AU is receiving strong support and the next target will be the 0.650 area. This is quite a strong resistance zone as AU has reached the peak twice but has not yet been able to break through, forcing AU to...

DNA_BrianTrading Updated 

Hello everyone! Today EUR/USD continued to decline during the US session on Thursday, falling into the sub-1.0640 area as the Euro's uptrend evaporated into ether. The Euro (EUR) is at its lowest price against the Greenback (USD) in six months. With the Euro continuing to slide to fresh six-month lows, EUR/USD will accelerate into a sharp bearish trend if...

DNA_BrianTrading Updated 

Hello dear friends! Today, the EUR/USD pair is showing signs of improvement as it recovers from a significant decline yesterday. This decline occurred after reaching a one-week high near the 1.0765-1.0770 range. Nonetheless, spot prices are still within a known range that has been maintained since the start of this week. Traders are eagerly anticipating the...

DNA_BrianTrading Updated 

Hello everyone. This morning, the gold market continued its downward trend, trading around the price range of 1909-1910 USD/ounce with few indications of the next move for gold. After breaking through the psychological resistance level of 1915 USD, it seems that gold is now seeking a new bottom below a lower price range. It is possible that gold may decline to...

DNA_BrianTrading Updated 

Greetings everyone! Today, the USD/JPY pair is experiencing a decline below the mid 147.00s in the early Asian session on Thursday. The drop in value of the US Dollar (USD) is causing downward pressure on the USD/JPY pair, which is currently trading near 147.12, down by 0.23% for the day. The current trend suggests that there is a higher chance of an upward...

DNA_BrianTrading Updated 

Hello everyone! Today AUD/USD is holding gains above 0.6400 today, after testing the 0.6450 level in immediate reaction to Australia's strong labor market report, which showed a huge jobs gain of 64, 9k in August. The upside seems elusive as the market remains risk-averse ahead of a fresh batch of US data. A break above 0.6440 would open the door for further...

DNA_BrianTrading Updated 

Hello everyone! The GBP/USD is consolidating within a narrow range of around 1.2500 in the morning session on Wednesday in Europe. The widespread retreat of the US Dollar and positive sentiment are providing support for this currency pair. However, inflation in the US remains relatively low compared to the target of 2%. Furthermore, the recent recovery in crude...

DNA_BrianTrading Updated 

Today, the USDJPY experienced a slight decrease to 145.89 before rising again and trading around the price level of 147.300. In the coming period, it is expected that the USDJPY will fluctuate between approximately 146.00 and 147.30. Although there is a possibility of further increase in USDJPY today, reaching the level of 147.80 may prove challenging. On the...

DNA_BrianTrading Updated 

Hello everyone! Currently, the AUD/USD is approaching the 0.6400 level after experiencing fresh selling pressure during Asian trading on Wednesday. The US dollar is recovering even as the market becomes cautious amidst rising oil prices and important inflation data from the US. On the 4-hour chart, AU is gradually narrowing its downward trend. A drop below 0.6400...

DNA_BrianTrading Updated 

Hello! It's great to meet you all again and discuss today's gold price. Currently, the gold market is fluctuating around $1908 per ounce. It can be seen that gold has experienced a slight decline today, specifically dropping from $1920 to $1908 when the Fed hinted at the possibility of tightening monetary policy further. This is the lowest level gold has reached...

DNA_BrianTrading Updated 

Today, the GBP/USD experienced selling pressure and dropped to a level of 1.2460 after mixed data on UK Industrial Production and GDP was released. GBPUSD is moving sideways so it is likely that after exiting the box it will decrease in price The currency pair decreased by 0.01% during the day and is currently trading at 1.2469 as of writing this article. We now...

DNA_BrianTrading Updated 

Greetings, dear readers! After a day has passed, EUR/USD continues to extend its upward movement for four consecutive days. It traded higher around the 1.0760 level during the Asian trading session on Wednesday. It is evident that this currency pair is receiving support due to an anonymous source claiming that the European Central Bank (ECB) has raised its...

DNA_BrianTrading Updated 

Hello everyone! Currently, the price of gold is moving sideways and showing signs of a slight decrease. As of now, gold has dropped by 2.6 USD and is trading at a level between 1919 - 1920 USD. Although gold is receiving support due to the decline in the US dollar, when observing the 4-hour chart, we can see that gold is still in a downward trend and has shown...

DNA_BrianTrading Updated 

Hello everyone! During the Asian session on Tuesday, the GBP/USD pair continues its downward movement from the mid-1.2500s area, following a late pullback from that level. The spot prices are currently hovering around the significant 1.2500 mark and are still close to a three-month low that was reached last week.

DNA_BrianTrading Updated 

Greetings dear readers! Are you curious about today's gold prices? Currently, the price of gold has dropped by $10 per ounce to $1,922 per ounce compared to yesterday's trading session. Despite a decrease in the USD-Index, it still remains at a high level. Additionally, the increase in US Treasury bond yields has contributed to the decline in gold prices. We need...

DNA_BrianTrading Updated 

Hello everyone, the price of gold is currently trading around $1910, down about $10 compared to the previous trading session. Although inflation is expected to decrease for a period of time, it may not decline quickly. This will cause the Fed to maintain interest rates for a longer period. The persistent high inflation is the main reason why gold is under...

DNA_BrianTrading Updated 

Hello everyone! The USD/JPY pair is currently facing difficulties in bouncing back from its losses from the previous day. It is currently hovering around 146.67 during the Asian session on Tuesday. The downward pressure on the pair can be attributed to the optimistic statements made by the Bank of Japan (BoJ), as well as the lackluster performance of the US Dollar...