BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):

  • EURUSD: 1.1355 -1.1370 on the upside, 1.1090-1.-1.1105 on the downside

  • AUDUSD: 0.7180-0.7195 on the upside, 0.7015- 0.7030 on the downside.

  • USDJPY: 123.05-123.20 on the upside, 118.75-118.90 on the downside

  • GBPUSD: 1.5455-1.5570 on the upside, 1.5250-1.5265 on the downside..

  • USDCAD: 1.3355-1.3370 on the upside, 1.3065-1.3080 on the downside.

  • NZDUSD: 0.6535-0.6550 on the upside, 0.62255 - 0.6240 on the downside.

  • EURJPY: 137.00 -137.15 on the upside, 134.30-135.45 on the downside.

  • EURGBP: 0.7380-0.7395 on the upside, 0.7215-0.7230 on the downside.

  • XAUUSD: 1155.00-1165.00 on the upside, 1110.00-1120.0 on the downside.

  • BRENT: 56.50-57.50 on the upside, 43.00-44.00 on the downside.

  • SP500: 2030.00-2040.00 on the upside, 1890.00-1900.00 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.

Probabilities

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AUD/USD risks a deeper drop in the short term

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EUR/USD leaves the door open to a decline to 1.0600

EUR/USD leaves the door open to a decline to 1.0600

A decent comeback in the Greenback lured sellers back into the market, motivating EUR/USD to give away the earlier advance to weekly tops around 1.0690 and shift its attention to a potential revisit of the 1.0600 neighbourhood instead.

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Gold price edges higher on risk-off mood hawkish Fed signals

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Bitcoin Price Outlook: All eyes on BTC as CNN calls halving the ‘World Cup for Bitcoin’

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Bitcoin price remains the focus of traders and investors ahead of the halving, which is an important event expected to kick off the next bull market. Amid conflicting forecasts from analysts, an international media site has lauded the halving and what it means for the industry.   

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Is the Biden administration trying to destroy the Dollar?

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