DNA_BrianTrading

DNA_BrianTrading Updated 

Brina greets you all! Currently, the GBP/USD has regained momentum and risen to its highest level in over two weeks at 1.2250 after today's trading session. The positive shift in risk sentiment has made it difficult for the US Dollar (USD) to find demand early on Tuesday, thereby helping boost the GBP/USD. At the time of writing, the UK's FTSE 100 index has...

DNA_BrianTrading Updated 

Brian says hello to all of you! Today, the Australian dollar (AUD) ended its four-day rally due to the recovery of the US dollar (USD). However, the AUD has received support for its price increase, driven by strong commodity prices and ongoing conflicts in the Middle East. Furthermore, from the analysis chart, the upward trend is still functioning very well...

DNA_BrianTrading Updated 

Hello everyone! Currently, we are witnessing gold making efforts to recover since touching the support level of $1810. It is evident that gold sellers have been unable to push the metal beyond the $1800 support level. Instead, gold has found support at $1810 with continuous recovery throughout the week. In terms of prospects, gold is often seen as a safe haven...

DNA_BrianTrading Updated 

Brian greets everyone! The price of gold continues to rise as investors seek the safety of precious metals, currently trading at $1860. The supporting factor for gold is believed to be the escalating military conflict between Israel and Palestine. On the other hand, the US dollar has depreciated following comments from officials at the Federal Reserve, stating...

DNA_BrianTrading Updated 

Brian greets everyone! Today, the price of gold is trading more steadily above $1,860, reaching a new weekly high in Tuesday's trading. Gold continues to benefit from the military conflict between Palestine and Israel, while the weak US dollar helps maintain its price momentum. In the coming period, the upward opportunities will be more certain. However, gold...

DNA_BrianTrading Updated 

Brian greets everyone! Today, the EUR/USD is holding steady at 1.0600 after failing to sustain early gains during Asian trading on Wednesday. The currency pair is losing ground amidst the broad-based recovery of the US dollar, despite the Federal Reserve's mild expectations and optimistic sentiment. The focus is on the US core PPI inflation. However, on the...

DNA_BrianTrading Updated 

Brian greetings everyone! Today we are witnessing the continued decline in the price of BTC, which is currently trading at $27,063. It can be seen that after reaching the psychological level of $28,000, BTC has continuously shown downward movements, unable to sustain its upward momentum at that high level. However, looking at the long-term perspective, Bitcoin...

DNA_BrianTrading Updated 

Brian hello everyone! Currently, GBP/USD is increasing higher in today's trading session, reaching a level of 1.223, although lacking follow-through. The decline in US bond yields and a positive risk sentiment have weakened the USD and provided support for borrowing. It is expected that the BoE's completion of interest rate hikes will limit further upward...

DNA_BrianTrading Updated 

Brian greets everyone! Amidst the economic turmoil, Bitcoin emerges as a viable alternative solution for investors, based on the conditions of the stock market and the Dollar Index. Bitcoin, currently maintaining stability, is a positive sign. Trading at $27,571 at the time of writing, BTC shows signs of recovery as the relative strength index (RSI) stands in the...

DNA_BrianTrading Updated 

Brian greetings everyone! Currently, we are continuing to witness the ongoing price increase of BTC, which has reached a level of 27,953 USD and is soon expected to touch the anticipated 28,000 USD mark. On the price chart, a bullish trendline has formed alongside the support of the EMA 34 and 89 lines, indicating the potential for further upward movement of BTC...

DNA_BrianTrading Updated 

Brian greetings everyone! Today, the EUR/USD is trading at the level of 1.0550, receiving support from the modest decline of the US dollar. The decrease in US bond yields and the positive risk sentiment seem to weaken the safe-haven status of the US dollar. This week, we will receive important news that will impact the EUR/USD, such as the FOMC minutes and US...

DNA_BrianTrading Updated 

Brian greets you all! Today, the price of precious metals, especially gold, has surged following Hamas' surprise military attack on Israel last weekend. This has led to an increased demand for gold as a safe haven, stabilizing it at around $1,820 per ounce. On the other hand, the US dollar and silver bond yields seem to be decreasing after a significant price...

DNA_BrianTrading Updated 

Brian greetings to you all! Today, the EUR/USD is consolidating its decline near 1.0550, after retreating from its highest level in a week at the start of the Asian session on Monday. This currency pair has weakened due to the resurgence of demand for the US dollar as a safe haven following the military attacks between Palestine and Israel over the weekend. On...

DNA_BrianTrading Updated 

Brian, thank you all! The USD/JPY pair is facing difficulties in capitalizing on the positive momentum from Friday and opened with a modest decline on the first day of the new week. However, the price is still attempting to recover a few pips from below 149.00, although lacking follow-through amid escalating geopolitical tensions in the Middle East, which tends...

DNA_BrianTrading Updated 

Brian greets you all! Today, the GBP/USD pair has attracted some buying activity after a modest downward gap opened below 1.2200 on the first day of the new week, bouncing back near the weekly high reached on Friday. The price is currently trading around the 1.2220-1.2225 range and still depends on the price momentum of the US Dollar (USD). Resistance levels:...

DNA_BrianTrading Updated 

Brian, greetings to all of you! As we predicted yesterday, gold has indeed opened with a price increase as investors selling gold were unable to surpass the support level at $1800. Therefore, the price has turned back with a strong recovery to around $1850, representing a $20 recovery. Regarding the volatility of gold prices, this week the market will await the...

DNA_BrianTrading Updated 

Brian, hello everyone! Last week, we witnessed a significant decline in gold prices. At one point, gold dropped to a low of $1812. Currently, gold is trading around $1832, stabilizing for the week. It is evident that bond yields are at their highest level in 16 years. However, the weakening of the US dollar has alleviated some pressure on gold. Next week, the...

DNA_BrianTrading Updated 

Brian, greetings to all of you. Currently, GBPUSD is taking advantage of the upward movement opportunity from a strong support level at 1.206. It can be observed that this currency pair is cooling down and gradually opening up more opportunities for price increases. With the excellent indication from the Fibonacci, the next target is aimed at the resistance...