Stanislav_Bernukhov_Exness

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...

Stanislav_Bernukhov_Exness Updated 

NOTCOIN has performed an extreme volatility and FOMO-driven rally. After a short consolidation, it may continue moving up, but this time I would not expect a wide extension. The smarter entry would be at the edge of a trendline of a formation, as displayed on the chart, with a potential target at around the previous high. This period is a "Memcoin era", so don't...

Stanislav_Bernukhov_Exness

ATOMUSD - a native token of Cosmos blockchain, is preparing for the breakout and building at the upper border of a consolidation. A large triangle is completing at the long-term support area. As BTC and ETH are displaying growth, but other cryptocurrencies, such as ATOM, still lay at the support area, we may observe a rotation from flagship cryptos to undervalued...

Stanislav_Bernukhov_Exness

Hi traders! Another potential idea for this week is intraday short for Gold. Precious metals are under pressure after FOMC minutes this week, which point to uncertainty about the interest rate decline. Yields of 30-year bonds and Fedwatchtool indicate the tightness of the FED and a potential strengthening of the US dollar in the short-term. This may give a quick...

Stanislav_Bernukhov_Exness

GBPJPY displays signs of weakness after a strong rally. Technically, RSI flashes the divergence, but the possible weakness of GBPJPY is imposed by increasing yields of 10-year government bonds for Japan, whereas yields of 10-year British guilts are stagnating. This situation makes carry trade operations less attractive and can lead to a strengthening Japanese Yen...

Stanislav_Bernukhov_Exness

ETHUSDT is recovering after a long consolidation. As BTCUSDT has grown substantially after a weak inflation publication yesterday, ETH is still lagging, and the spread between Bitcoin and Ether has reached the extremely "overbought" zone, pointing to a potential of a rotation to ETH from BTC. Overall market conditions stay bullish, as inflation is declining:...

Stanislav_Bernukhov_Exness

Gold might recover within a trading range with a potential target of $2400-2500 area. The demand for "safe haven assets" has not gone anywhere. As yields of 30-year treasury bonds are moving down, and the US dollar is under pressure, Gold may get support this week. From a technical structure standpoint, XAUUSD is moving within a second day of the recovery from...

Stanislav_Bernukhov_Exness

The Japanese yen recently hit its 20-year low, prompting intervention from the BOJ. This is probably not a one-time action, and we may observe similar dynamics in the upcoming days. Yields of 10-year bonds in Japan continue to grow, while 30-year Treasury bond yields in the US are consolidating. Despite the increased "haven demand" (the US dollar), the Yen may be...