Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT):
EURUSD: 1.2985 -1.3000 on the upside, 1.2860-1.2875 on the downside.
AUDUSD: 0.9095-0.9110 on the upside, 0.8950-0.8965 on the downside.
USDJPY: 107.40-107.55 on the upside, 106.30-106.45 on the downside.
GBPUSD: 1.6275-1.6290 on the upside, 1.6135-1.6150 on the downside.
USDCAD: 1.1125-1.1140 on the upside, 1.0930-1.0945 on the downside.
NZDUSD: 0.8215-0.8230 on the upside, 0.8090 – 0.8105 on the downside.
EURJPY: 139.25-139.40 on the upside, 137.75-137.90 on the downside.
EURGBP: 0.8020-0.8035 on the upside, 0.7875-0.7890 on the downside.
XAUUSD: 1255.00-1265.00 on the upside, 1215.00-1225.0 on the downside.
BRENT: 99.50-100.50 on the upside, 94.00-95.00 on the downside.
SP500: 2005.00-2015.00 on the upside, 1955.00-1965.00 on the downside.
Warning! Propareos levels do not take into account fundamental developments. Their validity is reduced on days when the NFP is released and when Central Banks change their interest rate.
Recommended Content
Editors’ Picks
AUD/USD: A tough barrier remains around 0.6800
AUD/USD failed to maintain the earlier surpass of the 0.6800 barrier, eventually succumbing to the late rebound in the Greenback following the Fed’s decision to lower its interest rates by50 bps.
EUR/USD still targets the 2024 peaks around 1.1200
EUR/USD added to Tuesday’s losses after the post-FOMC rebound in the US Dollar prompted the pair to give away earlier gains to three-week highs in the 1.1185-1.1190 band.
Gold surrenders gains and drops to weekly lows near $2,550
Gold prices reverses the initial uptick to record highs around the $$2,600 per ounce troy, coming under renewed downside pressure and revisiting the $2,550 zone amidst the late recovery in the US Dollar.
Ethereum could rally to $2,817 following Fed's 50 bps rate cut
Ethereum (ETH) is trading above $2,330 on Wednesday as the market is recovering following the Federal Reserve's (Fed) decision to cut interest rates by 50 basis points. Meanwhile, Ethereum exchange-traded funds (ETF) recorded $15.1 million in outflows.
UK CPI set to grow at stable 2.2% in August ahead of BoE meeting
The United Kingdom Office for National Statistics will release August Consumer Price Index figures on Wednesday. Inflation, as measured by the CPI, is one of the main factors on which the Bank of England bases its monetary policy decision, meaning the data is considered a major mover of the Pound Sterling.
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.