Stanislav_Bernukhov_Exness

Stanislav_Bernukhov_Exness

The Japanese yen is the main beneficiary of the cyclical dovish expectations. The interest rate for the US may go down after today's FED's decision, the main question is - how deep, 0.25 or 0.5 basis points. Though, Japanese monetary policy is unlikely to soften in the nearest future, and would probably stay strong. CADJPY consolidates at the structurally...

Stanislav_Bernukhov_Exness

Bitcoin is trying to climb higher and break the resistance area at $58000. The conviction between buyers is not very obvious, as STHs (short-term holders) are under water and risk appetite is modest for Bitcoin. However, there are certain bullish factors affecting BTC price: Miners' revenue fall, which might decrease the supply in the market Bitcoin holds well...

Stanislav_Bernukhov_Exness

Crude oil might get back into the trading range, as the possibility of a false breakout is pretty high: markets rarely make big moves ahead of NFP report. Now, the position of the price is below the massive triangular formation as well as below the intermediate-term low. Oil is driven down, as well as DXY, by expectations of extreme dovishness of the Fed, which...

Stanislav_Bernukhov_Exness Updated 

Bitcoin might be completing a bullish trap. After making a spike and testing the area above 61000, it seems to not be able to keep current levels. According to on-chain metrics, the participation of short-term buyers is not enough currently, and the market is dominated by LTHs (long-term holders), who usually accumulate positions buying the dips rather than...

Stanislav_Bernukhov_Exness

The Nasdaq index had tested the psychological level of 19500: the area above the 50% retracement from the latest downswing. Market breadth remains relatively poor, along with the strength of the market (though, the momentum off the lows was quite good). So, it volatility pops up, it's possible to observe a big distribution day with a possible continuation of a...

Stanislav_Bernukhov_Exness

Crude oil might rebound after yesterday's weak CPI print. What happened? The growth of the US inflation was weaker than before, that's why Gold, Crude oil and Bitcoin were pushed down yesterday. Prices for energy commodities inside of the CPI index had stopped falling, and the overall CPI was not negative. So, it's possible to see the recovery for energy...

Stanislav_Bernukhov_Exness

The high-volatile envoronment in the US stock market assumes a sharp and rapid pullback given the risk appetite getting back, as the US dollar remains to stay under pressure. After Bank of Japans officials claiming the return of the mild monetary policy, the market panic trimmed, and we may observe Nasdaq and S&P500 retracing higher. However, from the previous...

Stanislav_Bernukhov_Exness

Gold is holding well amid a flash sell-off of the US dollar and stock indices. The trend is already mature, but there are no signs of a reversal yet. The trade location of Gold is so that it's not overbought yet and has a chance of testing higher levels, up to $2500. The local weakness of the US dollar after weak NFP print may provide support for Gold, whereas...

Stanislav_Bernukhov_Exness

Nasdaq had bounced off the trendline yesterday, as rotation between financial and tech stocks has begun. Yesterday's speech of Jerome Powell, head of the Federal Reserve, had confirmed the odds of a possible interest rate decline for September's meeting of the Fed. The earnings season is going on, with AAPL, AMZN and INTC scheduled to release earnings reports...

Stanislav_Bernukhov_Exness

ETHUSD might be near the pivot point around $3000 level. It shows a relative weakness compared to Bitcoin and might slide deeper as shown at the chart. The daily structure points to an important resistance level established at around $3000 (the area of the 20-day moving average). Yesterday's political speech of president-elect Donald Trump has provided support...

Stanislav_Bernukhov_Exness

The CADJPY pair shows potential for a short position based on fundamental and technical situation. Canadian Dollar (CAD): The Canadian Dollar has been declining against major currencies. This trend is primarily driven by the Bank of Canada (BoC) aggressively reducing interest rates. The upcoming BoC interest rate decision, scheduled for Wednesday, is expected...

Stanislav_Bernukhov_Exness

Hello, traders. There is a notable shorting opportunity developing on the GBP/JPY chart. The Japanese Yen has shown significant strength this week, and this momentum appears to be maintaining its course. These conditions suggest a potential short position. Watch for a false breakout to the upside, which has been marked on the chart. False breakouts can present...

Stanislav_Bernukhov_Exness

Crude oil consolidates around the support area of $82. It was holding steady during the publication of the latest deflationary CPI print (inflation was weaker than expected in the US in June), indicating a robust supply and demand situation: the demand is pretty solid amid weakening inventories for 0.5 million barrels per day. On Friday, oil dropped after...

Stanislav_Bernukhov_Exness Updated 

SOLUSDT has produced a breakout, but there's a slim chance that this breakout will follow through, considering a relatively weak sentiment. Solana ecosystem has become popular so far due to the growth of meme coins, but overall sentiment of the crypto market remains muted. SOLUSDT may slide down 10-15% or more from the achieved levels. Don't forget to DYOR and...

Stanislav_Bernukhov_Exness

USDJPY might slide down this week, as finance minister of Japan had threatened the market with a verbal intervention. According to the statistics from the Bank of Japan (posted by Bloomberg), BOJ has pulled almost $60B to protect the Yen between April and May and has the intention to continue this process. 160-163 is a cautious price zone for USDJPY when BOJ not...

Stanislav_Bernukhov_Exness

Nasdaq is showing weakness amid extremely weak market breadth: the entire market was driving higher on almost one stock: NVDA. That's an unhealthy situation, all other sectors except tech sector are stagnating, so we may consider placing a short trade if a small trading range appears on the intraday chart, as displayed. The recent parabolic move upward is...

Stanislav_Bernukhov_Exness

The idea from one of the previous posts may finally work, as USDCHF had produced a strong responsive buying pressure on Thursday, and may continue to revive on Friday and within upcoming days. The Swiss franc might get under pressure as Swiss 30-year bonds lose yields consistently since the end of 2022, while the US dollar might pull back, as there not enough...

Stanislav_Bernukhov_Exness

Hi there! We've got another potentially interesting situation: long USDCHF. After a massive slide down, USDCHF is recovering, and it's reasonable to try to open a trade around the breakout area of a small formation, as indicated on the chart. SNB (Swiss National Bank) decreased its interest rate in March and triggered a dovish monetary cycle, while the Fed is...