Due to potential trap for sellers and strong momentum to the upside, I see further rally.

 

All ideas on FXC and FXC TV are created and recommended with the intentions of help and education, but not guarantee the future success. Please be aware of your account risk management and leverage trading knowledge. For more information, ask us on chat or with your FXC account manager.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD hovers above 1.1000 ahead of ECB policy announcements

EUR/USD hovers above 1.1000 ahead of ECB policy announcements

EUR/USD is gyrating in a tight range above 1.1000 in Asian trading on Thursday. Traders assess the latest US CPI inflation data, bracing for the ECB policy announcements amid a positive risk sentiment and sustained US Dollar strength. 

GBP/USD recovers to 1.3050, US data in focus

GBP/USD recovers to 1.3050, US data in focus

GBP/USD is recovering from three-week lows to trade near 1.3050 in the European morning on Thursday. The pair is underpinned by persisting risk flows and a pause in the US CPI-led Dollar rebound. The focus now shifts to the US PPI inflation data. 

Gold price struggles to capitalize on modest intraday uptick amid stronger US Dollar

Gold price struggles to capitalize on modest intraday uptick amid stronger US Dollar

Gold price (XAU/USD) trims a part of its modest intraday gains, albeit manages to hold its neck comfortably above the $2,500 psychological mark through the early European session on Thursday. 

European Central Bank widely expected to cut interest rates in September

European Central Bank widely expected to cut interest rates in September

The European Central Bank is expected to cut key rates by 25 bps at the September policy meeting. ECB President Christine Lagarde’s presser and updated economic forecasts will be closely scrutinized for fresh policy cues.

Uniswap price is poised for a rally if it breaks above the ascending triangle pattern

Uniswap price is poised for a rally if it breaks above the ascending triangle pattern

Uniswap price trades inside an ascending triangle pattern; a breakout signals a rally ahead. This bullish move is further supported by UNI’s on-chain data, which shows a negative Exchange Flow Balance and decreasing exchange supply, hinting at a rally ahead.

Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

Majors

Cryptocurrencies

Signatures