Dzhafer Medzhakhed
Chifbaw LLC
BETA – Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT):
EURUSD: 1.2610 -1.2625 on the upside, 1.2205-1.2220 on the downside.
AUDUSD: 0.8315-0.8330 on the upside, 0.8055-0.8070 on the downside.
USDJPY: 120.15-120.30 on the upside, 114.80-114.95 on the downside.
GBPUSD: 1.5855-1.5870 on the upside, 1.5500-1.5515 on the downside.
USDCAD: 1.1730-1.1745 on the upside, 1.1465-1.1480 on the downside.
NZDUSD: 0.7855-0.7870 on the upside, 0.7635 – 0.7650 on the downside.
EURJPY: 147.20-147.35 on the upside, 144.80-144.95 on the downside.
EURGBP: 0.7975-0.7990 on the upside, 0.7825-0.7840 on the downside.
XAUUSD: 1210.00-1220.00 on the upside, 1160.00-1170.00 on the downside.
BRENT: 63.00-64.00 on the upside, 56.50-57.50 on the downside.
SP500: 2045.00-2055.00 on the upside, 1935.00-1945.00 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 extends its upside above 0.6600, eyes on RBA rate decision
The AUD/USD pair extends its upside around 0.6610 during the Asian session on Monday. The downbeat US employment data for April has exerted some selling pressure on the US Dollar across the board. Investors will closely monitor the Reserve Bank of Australia interest rate decision on Tuesday.
EUR/USD: Optimism prevailed, hurting US Dollar demand
The EUR/USD pair advanced for a third consecutive week, accumulating a measly 160 pips in that period. The pair trades around 1.0760 ahead of the close after tumultuous headlines failed to trigger a clear directional path.
Gold holds below $2,300, Fedspeak eyed
Gold price loses its recovery momentum around $2,295 on Monday during the early Asian session. Investors will keep an eye on Fedspeaks this week, along with the first reading of the US Michigan Consumer Sentiment Index for May on Friday.
Bitcoin Cash could become a Cardano partnerchain as 66% of 11.3K voters say “Aye”
Bitcoin Cash is the current mania in the Cardano ecosystem following a proposal by the network’s executive inviting the public to vote on X, about a possible integration.
Week ahead: BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.