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Let's look at the big picture! What's in store for the dollar? Let's analyze the expectations for tomorrow's Non-Farm Payrolls and Unemployment Data. We'll start with economic reasons and market reactions. A strong downward trend in USD began at the start of last month. The primary driver was the much lower-than-expected non-farm payrolls data and the...

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Technically, silver has faced resistance twice at the 61.8% retracement level, and we expect the previous peak to be retested. Additionally, when we examine the H1 timeframe, we see that the price has formed a double bottom at the 61.8% level, and by breaking the neckline, it confirms its desire to move upwards. On the copy trade side, we made a pinpoint entry at...

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The upward movements in the DXY have finally started to push USD/CHF higher, albeit with a delay. Whether this move is a correction or a trend reversal will be determined by the non-farm payroll data to be released on Friday. Until the data is released, our first target is the intersection of the main trend channel and the 38.2% Fibonacci retracement zone. If...

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With the strengthening of the DXY and the expected 0.50-point rate cut from the FED starting to retreat towards 0.25 points, we may see some profit-taking in gold. The double top formation on the H1 chart, with the neckline broken, also supports this bearish expectation. Our first target is around $2,492, and if this level is broken, it could trigger the main...

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In the price breaking the mid-term trend channel on H1, we expect a pullback to the 38.2% Fibonacci retracement level. The rise in the DXY also supports this expectation.

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On the H1 chart, after breaking the short-term downward channel, the price may remain consolidated between the main channel and the short-term channel resistance for a while. Those seeking safer trades can wait for the main channel to break. On the other hand, risk-takers can enter long positions from current levels. Our primary price target is the 38.2%...

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The symbol, which had declined due to U.S. recession fears, saw a recovery process triggered by rate cut signals from the Fed. However, this process was interrupted by market expectations of a 50 basis point cut at the first meeting, leading to another decline. Currently, the expectation of a 50 basis point cut is gradually decreasing to 25 basis points. With this...

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With the expected easing in the DXY, we anticipate an upward movement in EUR/USD. Technically, the price has declined following Fibonacci retracement levels and seems to have found significant support at the last retracement level of 76.4%. However, with the upcoming data flow in the next few weeks, the previous low of 1.06 might be retested, and an Elliott...

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The price has broken out of the short-term downtrend channel, expanding its channel movement, but has tested the old channel without re-entering it. We might see a rise up to the 38.2% Fibonacci retracement level.

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With the DXY signaling a decline, we also expect a drop in USD/SGD. The price, forming a double top pattern, has started a corrective rise from the peak of the ascending channel. We might see a rise up to the neckline of the double top. Following that, our first target is the 23.6% Fibonacci retracement level, and if this level is breached, the 38.2% Fibonacci...

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The price, which has broken the descending trend channel, is forming a falling wedge pattern. Supported by the oversold region on the RSI, we expect the price to rise to 1.7400, where the 38.2% Fibonacci retracement level intersects with the previous resistance zone.

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With the expected easing in the DXY, we anticipate an upward movement in AUD/USD. Technically, before this movement begins, the price might retest the previous low at the Fibonacci 38.2% level. If the 38.2% level breaks, it could test the 50% and 61.8% levels. We recommend waiting for the price to reach the 38.2% level before entering a trade. Even if you see...

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The expectation of one rate cut in 2024 was realized after the FED skipped a rate cut in June. With the realization of this expectation, we may see downward profit-taking in the DXY. In the future, this easing could cause a period of sideways movement between the 104-106 range, depending on inflation and unemployment data. Based on the data flow and the break of...

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The relatively hawkish stance of the Bank of Canada (BoC) has limited the depreciation of the Canadian dollar against the US dollar. The sideways-moving USDCAD could continue its uptrend strongly with the US Core CPI data to be announced on Friday. Technically, the price, having broken the main downtrend, is seeing a downward reaction from the 61.8% Fibonacci...

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The rise initiated in the dollar, triggered by the higher-than-expected U.S. CPI data, also propelled an upward movement in USD/SGD. Technically, the price has broken the long-term downward channel upwards and is currently finding support at significant Fibonacci levels in both the downward and upward directions.

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Despite the mixed data in March, the market acknowledges the view that the Fed will continue its tight monetary policy by implementing four interest rate cuts of 25 basis points each throughout the year. While the Fed maintains its tight policy, we anticipate that the Bank of England (BoE) will enter a faster easing process compared to the Fed. Strong U.S. data...

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With the mixed U.S. data in February, the EUR/USD pair began a technical correction rally. However, we anticipate a return to a downward movement, driven by the lack of a change in the FED's hawkish stance to tighten the market and the ECB's relatively more dovish signals, especially following the ECB press conference last week after the interest rate decision....

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The mixed U.S. data in February, the technical recession in the UK, dovish signals from the ECB, and the appreciation of the Australian Dollar driven by the rise in gold prices seem to have completed the correction of the downtrend technically. With the market normalizing somewhat and finding direction, we anticipate a decline in the Australian...