Today's Financial Report

General Market Overview

In the US, investors and analysts do not discount an interest hike. 

TESLA is a stock to watch as Musk goes to China to get the FSD approved. This is a Trophy case win.

GOLD -XAU persists to stay up as the price stays in a range between 2354.470 and 2319.398. We want to see the price drop below for a sell and a break above for a buy. We remain bullish on this market.

SILVER - The market continues to stay above the retracement zone and between the range of 27.552 and 26.753. We wait for a break below for a bearish momentum and a break above for a bullish move. We view this market as bullish as we expect demand for silver to rise.

DXY -The DXY holding up above 105.523 as the price continues to range below 106.111. Unless the price breaks beyond it, we cannot see a potential to continue its rise. We need to watch how this market goes and trade each pair separately from the overall momentum of the USD.

GBPUSD -The price has successfully broken into the daily range, above 1.25019. We see the price breaking above the 1.25740 and test the anchor point at 1.26487. We continue to call this market bullish. 

AUDUSD -AUDUSD continues to run on a good uptrend as we see it breaking through multiple daily structures. The price is now testing the hourly structure of 0.65618 and a successful push will put the price at 0.66145. We continue to view this price as bullish.

NZDUSD - The NZD is looking well as we see the potential for the price to push above 0.59796 and run toward 0.60455. We remain bullish on this pair. But be wary of sudden market movements.

EURUSD - The market has prices moving in between the hourly structures at 1.06988 and 1.07549. A break above may continue the momentum upward toward the testing of the daily trendline and a break below may call for the continuation of the overall trend.

USDJPY -We see a jump in the market as intervention is suspected. However, we see the price aggressively bouncing away from our structure at 154.771 and may continue to rally. It is important to practice precautions as we now see BoJ potentially intervening in currency pricing. This makes the market more liquid and riskier.

USDCHF - The price has stagnated sideways, testing the bottom part of the upward channel. We can also see a double-top on a higher timeframe being made. This is a potential drop and this drop may complete the formation of the pattern. With this in mind, we want to see a drop below the channel and 0.90743 before calling a market shift. Right now, we remain bullish on this market.

USDCAD -We see a steady drop with the USDCAD as the price stagnates at 1.36612 and a strong momentum may bring the price toward 1.35762. We remain bearish on this market.

REMINDER:

If the Major pairs do not appear as attractive to you and for your portfolio, look into other potential markets to trade from.