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    Default Fozia's Analysis

    Greetings to all the members of Mt5 forum, hope that you all will be fine. Today is the 2nd day of the week. As we all know that from the very beginning of this week, the dollar index is weakening and due to this weakness of the USD Index, that's there is lot of difference in the USD Market. But today, we have some important news on the USD currency which will change the direction of the USD Based pair. Now USD gaining some moment and I think it will go up and test the level of 90.55.


    AUD/USD

    Currently AUD/USD is trading near 0.7900 and trying to develop additional downside momentum, I think it will go down further. But as long as the price is above the 0.7800 the bullish trend will remain today and our next main target reaches 0.8000.The Australian Dollar added 0.00018 points or 0.02% to crack fresh 36-month highs of 0.79162 against the US Dollar on Tuesday as investors proved optimistic on the prospects of faster growth, while local bond yields stabilized after their run-up on inflation concerns.
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    NZDUSD

    The NZDUSD pair is trading near the 0.7321 since morning. and the price should needs to get positive momentum, that helps to push the price to resume the expected bullish trend for today. The New Zealand Dollar fell 0.00146 points or 0.2% to 0.73129 against the US Dollar Tuesday, falling slightly from 34-month highs as traders remain cautious amid rising bond yields locally and in the US. The yield on New Zealand's 10-year government bond jumped to yearly highs of 1.72%, while US 10-year yields eased to 1.362%. Policy makers across the globe are also expressing concern as European Central Bank President Christine Lagarde said overnight her institution is closely monitoring the market for government bonds.
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    Greetings to all the esteemed members and visitors of this high rated forum, hope you all will be fine and enjoying the 3rd day of this trading week. Today we have some high impact news and some med impact news on the economic calendar which will effect the index and it will be weaker and test the price zone in 90.00 and also some news impact will highly affect the market.
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    USDX

    The dollar is currently hovering near the 90.10 level. The USD record yesterday followed my trade example and inquiry, it passed the no return mark, it broke under 89.90, which is of greatest assistance since February. The dollar index remained under pressure on Wednesday, hovering around the 90 mark, as higher US Treasury yields failed to offer lasting support. In the absence of significant fundamental drivers, firming expectations for a massive US fiscal spending and a dovish Fed drove flows away from the greenback.
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    Crude oil
    Oil prices are dropped on Wednesday, with WTI crude falling towards the $61 a barrel level after API data showed an unexpected build in US crude inventories last week.
    Now crude oil is trading at the level of 61.13. However, the greenback bears join cautious optimism towards the global recovery and an absence of normal supply flow to back the oil bulls. But still, oil has a strong fundamental backdrop amid tightening supplies and signs of a global economic recovery, fueled by large stimulus packages globally and the rollout of COVID-19 vaccination.
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    Silver

    According to the 4H chart we see that silvers is going down and i think it will continue to hit the level of 27.500. I will recommended you to take short positions up to lower trend line that is support level. Silver continue towards $28 an ounce level on Wednesday, supported by a weaker dollar and a dovish-sounding remark from US Federal Reserve chiefs Jerome Powell. The central bank will keep its monetary policy extremely easy for the foreseeable future to support the worlds largest economy.
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    Greetings and good morning to all the friends of forum. I hope you all will be fine and doing good in the Forex business. Yesterday the Market was not silent because we see the stronger movement in the market, today again market showing that the movement will be very fast, it's the 2nd last trading day of this week and tomorrow market will close so before the closing of the market we can trade in the market and can make money from the trading.

    Market Overview:
    Euro's re-test of last week's high at 1.2169, then intra-day break there in Asia confirms recent rise from February's 2-month trough at 1.1953 has once gain resumed and would yield further gain, however, loss of upward momentum should cap price below pivotal res at 1.2222.On the downside, a daily close below 1.2130 (New York low) would be 1st signal temporary low is made and risks stronger retracement towards 1.2092. New Zealand retail sales ex-autos, retail sales, Japan market holiday, China house prices.
    UK claimant count, ILO unemployment rate, employment change, average weekly earnings, CBI distributive trades, Swiss producer and import price index, Italy industrial orders, industrial sales, EU HICP, core HICP. U.S. redbook, monthly home price, Case-Shiller home price, consumer confidence, Richmond Fed manufacturing index.

    EURUSD
    We can se the price of EURUSD on the daily chat, the price is trying to make a head & shoulder pattern. yesterday there was a bullish movement that indicate the bullish pressure is high. But now EUR/USD remains pressured around intraday low inside a bearish chart pattern. The currency major takes a U-turn from the upper line of a one-month-old rising wedge bearish chart formation amid bearish MACD signals. The quote currently declines towards the 50-bar SMA level of 1.2119.
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    GBPUSD
    The British pound continued its rally to hit $1.42 for the first time since April 2018 amid hopes that the economy will fully reopen this summer, as Prime Minister Boris Johnson unveiled plans to ease restrictions on the UK economy, saying his roadmap will guide the government cautiously but irreversibly to lifting the lockdown.
    Yesterday GBP/USD pair made an impressive growth spurt, which is called out of the blue. Traders did not receive any extraordinary news during the day. In addition, the last round of growth also took place at night, when usually volatility decreases. Although yesterday the pair corrected to the critical line, so let's now hope that this line will allow us to form a new, clear signal that can be worked out. Despite the possibility that the price might settle below the critical line, the pair still remains within the rising channel, which means that the trend is to go up.
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    Greeting and good morning to all the members and visitors from every part of the world, hope you all will be fine, today the market is close and it will remain close for the two days. I think this is the time to make some plans for the next week and also to enjoy holidays with family and friends, wish you a happy weekend. The bonus for week-07 has been credited to the trading account but I don't have any bonus in my account I don't why, its really painful for me when everyone received their bonus and I have nothing to trade next week.


    EURUSD

    EURUSD ended this week with its lowest level 1.20740. Price tried to break out above the Ichimoku cloud (Kumo) but it got rejected and is now challenging the lower cloud boundary. Trend remains neutral in Ichimoku terms. The Euro jumped up during the course of the week to reach towards the 1.23 level before pulling back. Ultimately, this is a market that I believe will continue to grind higher, and when you look at the weekly chart it does not take too much in the way of imagination to see a bullish flag.
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    GOLD

    Yesterday we have seen some significant movement from the gold price and it broken below the double bottom formation and the November low at $1,763. Price has sharply moved lower towards $1,730.During this pandemic situation, this is the lowest price of the gold.
    Last week in the absence of significant macroeconomic data releases at the start of the week, the risk-positive market mood made it difficult for the USD to find demand and allowed XAU/USD to stage a strong rebound.
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    Greetings to all the mates, visitors, and readers from every part of the world, I can hope that you all will be fine and enjoying your day. Today is the first day of this month as well as first day of this trading week.

    GBPUSD

    On the one hour chart GBPUSD trying to break the downward movement and gaining some upward moment, now it will give a good opportunity to sell as we see in the previous price movement forming an upward trend, then the price's success in changing the direction by breaking the moving moves and trading below it on the previous Friday, as the pair gave a downward wave on a previous day to succeed in breaking the moving lines 50 and 200 Then the price moved below the movements in a sideways movement. Now, with the beginning of this week, the price rose to the movements , to face resistance again, therefore, the price is expected to drop from the current level. The pair provides a good selling opportunity from the current level to the support level 1.3826. As for the opportunity to buy today, it is available when the price rises and its success in breaching the moving-lines where it is possible to buy towards the resistance level 1.4186.
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    AUDUSD

    After the false piercing of the 0.7010 level, as highlighted by the 0.6991 low, the price started an ascending movement, thus ending the consolidative phase that began from 0.7413. In the first phase, it climbed until the 0.7320 area in a more vigorous manner. Afterward, the rise was accommodated with short pullbacks, yielding an appreciation that printed the 0.7820 high. From 0.7820, another consolidation commenced. It ended similarly to the previous one after the false piercing of the support which, this time, was 0.7587 and following the notation of the 0.7563 low. The rally was also very alike in that it consists of a sharp movement that, before continuing the second leg, allowed for a short throwback from the 0.7850 high.
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    Greetings good morning friends, mates, and visitors from all over the world, hope you all will be fine and enjoying the your trading. The dollar index managed to hold above 91 on Tuesday, as upbeat economic numbers from the US fed expectations that the worlds largest economy recovery is gathering pace.

    Economic news
    It was a bullish start to the week for the European majors on Monday. The EuroStoxx600 rose by 1.80%, with the CAC40 and the DAX30 gaining 1.57% and 1.64% respectively. Economic data from the Eurozone provided support to the European majors on the day. The upside ultimately, however, came as a result of a calming across the bond markets at the start of the week. COVID-19 vaccine news also supported demand for the European majors following last weeks pullback. Johnson & Johnsons single dose vaccine delivery should bring a nearer end to containment measures. Disappointing private sector PMI numbers out of China on the weekend and head of the European open on Monday failed to peg the majors back.


    EUR/USD

    EUR/USD is currently trading at 1.2028, representing a 0.17% drop on the day. The pair looks south, with the daily chart showing a bear flag breakdown, a bearish continuation pattern. A new downward trend has formed from a technical point of view, but so far there is no trend line or channel that traders can use. Therefore, one should only rely on technical signals and levels when making trading decisions. At the moment, the quotes hit their previous low - the 1.2032-1.2042 area. Furthermore, the market is likely to see support down to the 1.19 handle, so in general I think that there will be buyers in this area. That being said, this is all about stimulus in the United States, but we also have something to think about in Europe as well.
    Attachment 337947


    Gold
    Yesterday Gold has dropped back towards the bearish region although before there was a high at the $1760 price mark during the Asian session. Although gold futures are trading off of todays intraday lows, the most active April 2021 Comex contract lost approximately $6.80 (-0.9%) in trading and is currently fixed at $1722.Gold prices edged higher on Tuesday as a retreat in U.S. Treasury yields and optimism over the $1.9 trillion coronavirus relief bill lifted the allure of the non-yielding metal.As can be seen, the price printed a low that meets the -61.8% Fibonacci retracement of the latest correction. However, a deeper target of $1,705 could be on the cards if the price is measured from the deeper 4-hourly correction.
    Attachment 337946

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    Gold

    Gold extends losses for the sixth straight session in the Asian trading hours on Tuesday owing to the broad-based strength in the greenback. Besides, the optimism surrounding the rollout of the Covid-19 vaccine globally is suggesting a faster economic recovery hopes, thus fading the safe-haven appeal of the yellow metal. As of now, the bullion is trading at the level of $1712.99 per ounce, down by 0.64%.Meanwhile, investors are awaiting the decision of the US senate about the passage of the Covid-19 relief bill worth $1.9 trillion. On Monday, the yellow metal initially touched an intra-day high of 1760.50 level amid higher expectations regarding the execution of the US fiscal stimulus. The US House of Representatives gave a green signal to pass the economic stimulus. However, gold pared all its gains on the back of optimistic US macro-economic data. The ISM Manufacturing PMI came better than the expectations at 60.8, defying the market forecast of 58.7. Apart from that, the increase in demand for the US dollar also affected the demand for bullion.
    Consequently, the dollar-denominated gold prices ended the day lower by 0.48% at the level of $1724.10 per ounce, which was last seen in June 2020.
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    AUDUSD

    AUDUSD edges lower in the Asian trading hours as market focus turned towards the RBA Rate decision. The central bank decided to hold the interest rate unchanged at a record low level of 0.10% and also ruled out the possibility for a rate hike until 2024. Furthermore, the central bank assured to maintain its supportive stance to combat the economic blow caused by the pandemic. As of writing, the currency pair is trading at 0.7755, down by 0.23%. Talking about the previous session, riskier Aussie witnessed buying from a two- weeks low of 0.7700 level on the back of global economic recovery hopes. The US House of Representatives passed an expansive stimulus worth $1.9 trillion to soften the economic blow caused by the pandemic.
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    Gold:
    yesterday Gold price ended above the intraday bearish channels resistance, to hint the attempt to recover and achieve more potential gains in the upcoming sessions, but it faces negative pressure formed by the EMA50 and stochastic, which might push the price to resume the bearish track again.Gold begins to rise from the lower line of the ascending channel. I assume gold will continue to grow as the USDX falls, which will be helpful to the gold buy trade. I propose that all gold traders open a long place in gold in order to make a good profit.
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    USD/JPY
    The USDJPY pair opens todays trading with bullish bias and attempts to surpass the bullish channels resistance, which supports the continuation of our bullish overview.
    I assume the US dollar will improve today in order to sustain its bullish optimism, leading the big USDJPY currency pair to slip back and restart its weekly bearish trend.
    It will slip back to test support at 105.60, followed by bullish sentiment in the US dollar currency, as seen on the USD or USD Index map. The USDX is expected to bounce back up to test the previous high of 91.37. As a result, this USD linking has the ability to force down the main USDJPY currency pair today, allowing it to shift away.
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    GBP/JPY:
    The failure of the GBP against the yen The Japanese market yesterday broke the level of 148.08, and it is possible that the price will return at the beginning of the day from moving towards the bullish corrective direction !!
    In the event that the price is not able to breach the level of 148.08, then the price will go to the upside, targeting the level of 150.01 as a next target, and if the price is able to breach the level of 150.01, the price will continue to rise, targeting the level of 152.44 as a main target, if the price is not able to Breaking the level of 150.01, the price will return to moving towards the bearish correctional trend, and in the case of the price it managed to breach the level of 148.08, if the price is expected to go to the downside and the price will continue to fall until it targets the level of 144.70 as a next target, and the price will try to break it And if the price manages to breach the level of 144.70, the price will continue to fall, targeting the level of 142.41 as a main target, which represents the level of 23.6 of the Fibonacci levels, and if the price is not able to breach the level of 144.70, the price will go to the upward corrective direction, the expected price movement until the end of the day :Upward ;
    Unless the price can breach the level of 148.08 !!
    And if the price manages to breach the level of 148.08, the price will go down, targeting the level 144.70 as a next target, and
    if the price is not able to breach the level of 148.08, the price will go to the upside targeting the level of 150.01 as a next target .
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    Greetings and good evening to all the mates, hope you all will be fine and doing well. The US dollar is trading relatively flat midweek, joining the seesaw in the broader financial markets. The greenback erased most of its overnight losses, climbing to as high as 91.00 before paring some of its gains. The buck has been trading higher in 2021 as it has rallied more than 1%, defying the market expectations of a weakened dollar amid the post-coronavirus economic recovery.

    Gold:
    Gold bearish pressure managed to push the price down and close near the $1,700 support level. The bearish pressure has not receded yet. If the gold price breakout and closes below $1,780 then traders will prepare for bearish continuation toward a $1,500 $1,550 area. it is an opportunity to sell with targets up to 1700 As a first target, but in the event that it is breached and closed again, climbing to the top of 1800 is very possible. In the prior session pressured by a stronger dollar and a global bond rout. Investors began pricing in a robust economic recovery and rising inflation fueled by massive government spending and ultra-loose monetary policy, which, in turn, drove US Treasury yields to levels not seen since February. In the absence of significant fundamental drivers, the risk-positive market environment seems to be making it difficult for the precious metal to attract investors.
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    Crude oil:
    WTI crude futures fell below $61.0 per barrel on Thursday, after climbing more than 2% in the previous session. Crude oil prices currently waiting for OPEC meeting which will discuss possible ramp-up production to balance the price appreciation. If the price start moving lower and continue the bearish correction then $54.50 $55.00 is the level to watch for a possible bounce, as investors awaited the outcome of an OPEC+ meeting due later today. A record build in US crude inventories added to oversupply concerns and raised expectations that major oil producers will be rolling over production cuts from March into April instead of raising output. Investors had been widely expecting major oil producers to announce they would ease production cuts by around 500,000 bpd from April and OPEC leader Saudi Arabia to end its voluntary output cut of an additional 1 million bpd. On the demand front, traders hoped for a recovery in fuel demand amid the reopening of the economies due to progress in COVID-19 vaccine rollouts alongside ongoing stimulus measures.
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    Silver:
    The bearish pressure on silver price brought the price down below $26.00 and tested the trendline today. There is an initial bullish reaction today from the trendline. If the silver price could close above $26.00 then traders will expect the price to start moving upward again back to its bullish trend. Silver price continues to decline calmly to move below 26.00, reinforcing the expectations of continuing the bearish trend, reminding you that our next target is located at 25.50, which breaking it represents the key to rally towards 24.65 as a next target, while holding below 27.15 represents key condition to continue the expected decline.
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    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Greetings and have a good day to all the members, hope you all will be fine and doing well to make profit from the market. Today the dollar index gained further ground, breaking through 91.70 for the first time in three months and heading for its best weekly gain since October, as soaring US Treasury yields lent some optimism to the greenback bulls. I hope that today I will get my previous bonus and today I will get the result of the work that I have done throughout this week.


    Gold:
    Gold remained under heavy selling pressure on Friday, testing the $1,680 region for the first time since June 2020, pressured by a stronger dollar and soaring US Treasury yields. Federal Reserve Chair Jerome Powell once again downplayed concerns about higher interest rates and inflation, which, in turn, prompted a massive selloff in the US bond markets. Gold got over 1735 this week yet jumped beneath it when the dollar file was solid, and breaking under 1701 was the principal hint to realize that gold has gone into the bearish space, it will offer to target 1690, which is as yet intense for the metal to accomplish since a week ago. Gold prices have dropped as Treasury levels have risen. Near the 10-day moving average of 1,758, resistance can be seen. Near the June lows of 1,670, target help can be seen. The relative strength index (RSI) is reading 27, which is below the oversold trigger mark of 30. Prices are oversold. The quick stochastic is printing a reading of 10, which is below the oversold trigger stage of 20, indicating that a correction could be on the way. The MACD (moving average convergence divergence) index produced a crossover sell signal, indicating that medium-term momentum has turned negative. With a downward sloping trajectory, the MACD histogram is printing in negative area, indicating lower prices.
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    Silver:
    Silver prices hovering around the $25 an ounce level amid a firmer dollar and higher US Treasury yields. Still, expectations of increased industrial demand as the economic recovery gather pace limited further losses.. At this point, the market is likely to see a move back towards the $28 level. At this point time, the market is likely to see significant resistance, but if we were to break above the $28 level, then it is likely that the market goes looking towards the $30 level. All things being equal, I think that does happen eventually, but it is obviously going to be very noisy in general.
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    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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