This has been a week where Capital3x noted head and shoulders on AUDUSD at .9550 neared its targets of .9300. NZDUSD hit targets at .8220. EURAUD hit targets at 1.44 while GBPAUD hit targets at 1.7280 for a total of 2079 pips in November. Capital3x trading system continue to outperform.
Performance (pips) exported from myfxbook
Performance since inception
Technical analysis of EURJPY, AUDCAD, GBPJPY follows:
EURJPY is hitting a flat band at 135.2. with high likelihood of a fall to 133.9. This a clean setup.
AUDCAD basing at the lower band of 25 DMA.The setup here is not clearly visible.
GBPJPY ending the week at 161.45 which is the upper band of the 100 DMA. The band is shaping up and hence uptrend is powerful. A reversal back to 161 and more to 158 is coming though you may need to endure some drawdown over 161.5.
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EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.