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Weekly Time frame: AUD/USD bulls remain bound for prime resistance at $0.7849-0.7599, on track to forge a fifth consecutive week in the green since departing from prime support from $0.6968-0.7242 at the end of September. Trend studies on the weekly scale show we’ve been higher since early 2020. Consequently, the response from $0.6968-0.7242 might be the start of a dip-buying attempt to join the current uptrend, perhaps eventually overrunning $0.6968-0.7242 and challenging the yearly top at $0.8007. Daily Time frame: Resistance between $0.7621 and $0.7551—made up of a Quasimodo support-turned resistance at $0.7621, the 200-day simple moving average at $0.7557, as well as a 61.8% Fibonacci retrenchment at $0.7585 and a 100% Fibonacci projection at $0.7551—made an entrance on Thursday. Interestingly, noted resistance is fastened to the lower boundary of weekly prime resistance mentioned above at $0.7849-0.7599. A nearby decision point is seen at $0.7585-0.7567, which happens to sit ...

The XBRUSD finished last week just below multi-year highs at 84.90 USD per barrel.  There is bullish sentiment on the oil market caused by low supply packed by concerns from investors that demand disruptions from the COVID-19 pandemic may not be over. BEARISH TRIGGERS Prices pulled back from highs after German Chancellor Angela Merkel said the pandemic is not yet over. BULLISH TRIGGERS Oil prices have been boosted by worries about coal and gas shortages in China, India, and Europe, making some power generators switch from gas to fuel oil and diesel. U.S. Energy Information Administration data showed crude stocks at Cushing fell to 31.2 million barrels, their lowest level since October 2018. Follow us to always know the science of Forex & Comex Trading as well as the latest updates on technical analysis & fundamental analysis 

The ongoing earnings season lifted the SPX500 to its new record high of 4,559.65. Although the index couldn't defend the new level, it closed its third straight week of gains. The DXY (the U.S. dollar index) reached its weekly high of 94.1488 on Monday. The U.S. 10-year Treasury yield climbed to the level of 1.705%, last seen in mid-May. Fed Chairman Powell prioritized tapering to raising rates, the index started its direction downwards, ending Friday at 93.61. BULLISH TRIGGERS Healthcare companies and the financial sector reported a higher profit in the SPX500 earnings season. The quarterly results are in full swing, and economists expect a total earnings growth of 34%. The U.S. dollar remained firm after the country's jobless claims had hit the 19-month low. The upbeat home sales statistics added strength to the greenback, showing the confident steps towards the economic recovery. BEARISH TRIGGERS The SPX500 declined upon the Fed Chairman's comment that inflation might la...

In the last trading hours of the last week, precious metal Gold had spikes to 1813 but immediately fell back to 1782. Closing last week's session with a bullish candle around  level 1792. With the happenings at the end of last week, in my opinion, Gold is still under selling pressure when it reaches the psychological resistance level of 1800-1805.  Therefore, at the beginning of this week's session, we will wait for selling Gold to be the preferred option Switching to the H4 time frame, we can see that Gold has shown signs of a slight upturn after a rapid decline to 1782 and the possibility that Gold may recover to around 1800, where we establish a sell position.  with precious metal Gold with a safe target around 1786. Follow us to always know the science of Forex & Comex Trading as well as the latest updates on technical analysis & fundamental analysis 

WHAT IT INFLUENCES: EUR and its subsequent pairs Forex Advise Club WHAT'S HAPPENING: The Manufacturing Purchasing Managers Index (PMI) released by Markit economics, captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of the total GDP, the manufacturing PMI is an important indicator of business conditions and Germany's overall economic condition. Typically, a result above 50 signals is bullish for the EUR, whereas a result below 50 is seen as bearish. Follow us to always know the science of Forex Trading as well as the latest updates on technical analysis & fundamental analysis https://www.forexadviseclub.com/

WHAT IT INFLUENCES: USD and its subsequent pairs WHAT'S HAPPENING: The Initial Jobless Claims released by the U.S. Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labour market. A larger than expected number indicates weakness in this market which influences the strength and direction of the U.S. economy. If jobless claims fall, it is seen as positive or bullish for the USD. Follow us to always know the science of Forex Trading as well as the latest updates on technical analysis & fundamental analysis https://www.forexadviseclub.com/

After the precious metal Gold touched MA20 on the weekly chart as well as the descending trend line channel extending from June 1, 2021 until now, as analyzed at the end of last week Gold has dropped sharply from 1796 to 1764 ($32).  Closing the week with a long bullish bullish candle so in my opinion at the beginning of the week there will still be selling pressure before the next rally. Switching to the daily time frame, we can see that the selling force of Gold on Friday dominated quite a lot and is showing signs of a slight recovery and we can wait to buy around 1767.  with the target 1778-1782.  Here we liquidate the order and wait for a sell signal.  At that time, the team will update the signal to watch. Follow us to always know the science of Forex Trading as well as the latest updates on technical analysis & fundamental analysis   https://www.forexadviseclub.com/

Yesterday's market price did not show much reaction to the current price except that the $ 3 movement from the 1787.00 price is counted as a horizontal market movement.  Today the market opens at 1796.00 where the price is the height of the previous market price. From the technical aspect what can be seen here is, the price is testing at the last high, and these are the nearest support and resistance levels, among them are:  S1: 1793.00  S2: 1787.00  S3: 1777.00  -------------------  R1: 1799.00  R2: 1805.00  R3: 1815.00 So between each of these levels you can see if there is any breakout accompanied by other techniques, it can be used as a trading guide and head to the next nearest level to be used as a take profit. So the question is, will today's Friday market be able to further increase the current market price, or vice versa.  Let’s take a look at when the US market opens tonight. Follow us to always know the science of Forex Trading as...

Oil is trading in the correction to a short-term uptrend. Yesterday, traders tested the Additional Zone 80.00 - 79.87. This zone was broken out today. Now the price is rolling back up and testing the broken-out zone as resistance. I recommend considering oil sales in the zone of 79.87 - 80.46 with a target in the Intermediary Zone 78.72 - 78.46. It would be reasonable to take a part of profits at today's low. To enter purchases, it is required to break out the resistance zone 80.59 - 80.46. In this case, it will be possible to expect the price to reach level 81.13. Follow us to always know the science of Forex Trading as well as the latest updates on technical analysis & fundamental analysis https://www.forexadviseclub.com/

The rise in the market price that took place yesterday after being tested at the opening price of 1754.00 did rise up to the level of 1769.00 from this $ 15 increase is the market price today able to make an increase or even follow the original trend where the downtrend will occur following the big bearish in the past? From the current chart today, I see a rejection at the price of 1763.00 which is the first resistance area after the market opened this morning.  Continuing that, the price also has confluence on the trend line area in the M15 time frame tested. These are the support and resistance levels of gold today: R1: 1763.00 R2: 1769.00 R3: 1779.00  -------------------- S1: 1757.00 S2: 1751.00 S3: 1741.00   The price opened today at 1760.00, from Monday’s chart to the current market.  The majority of the movement is still in a horizontal position so looking from this potential, short term trading can be done in the following areas. Trading management 1: 1.5 to 1...

In yesterday's session, precious metal Gold fluctuated in a rather narrow range of 1761-1750 ($11), closing the session with a bearish candle, but the drop was not significant, just moving sideways in the morning.  the range is narrow and only when the two bands are broken will the trend be really clear. On the daily chart time frame we can see that Gold price is under downward pressure by the 20-day MA as the price is clinging to the descending MA20 and I personally lean more towards the downtrend of the precious metal Gold.  In the H4 time frame we can see that Gold is currently in the support of this sideways range and if the price breaks 1748-1750 to the downside, 1736-1740 will be the next level Gold is headed. Follow us to always know the science of  Forex Trading as well as the latest updates on technical analysis & fundamental analysis  https://www.forexadviseclub.com/

-  GBP and its subsequent pairs WHAT'S HAPPENING: Claimant Count Change measures the change in the number of unemployed people receiving unemployment benefits in the U.K. during the reported month. A rising trend indicates weakness in the labour market. A reading that is higher than forecast is generally negative or bearish for the GBP, while a lower than expected forecast reading is usually positive or bullish for the GBP . Follow us to always know the science of  Forex Trading as well as the latest updates on technical analysis & fundamental analysis https://www.forexadviseclub.com/

Prices moving in a horizontal zone indicate short -term trading potential and what is the continuity today? From the whole chart, quite a week the market is moving in a horizontal position and the resistance and support levels have been set today. Among the prices that are seen as the nearest support area are 1753.00- 1747.00 & 1737.00 any of these support levels in case of any rejection it can be used as a trading guide and be a target at the next level for short-term trading. In addition the resistance level is at 1759.00- 1765.00- 1775.00 according to the overall market price, the uptrend is still dominant due to the increase that took place last week. The price that opens at the price of 1759.00 will be the meeting point between the uptrend and the downtrend and it is good if looking for a setup that has confluence at the specified level so that it is clear what is being traded today. Follow us to always know the science of Forex Trading as well as the latest updates on techni...

In the trading session yesterday precious metal had 1 day gained from 1746 to 1765, ending the day with a gaining candle around 1762. With many candles withdrawing foot on the day chart for the past 3 days - Currently on the H4 time frame we can see the golden precious metal is plagued around 1765, this is also MA20 on the day's chart and according to my ability to have a small adjustment here.  The gold price area can be adjusted to be around 1755-1758. Here we can establish a status of buying with gold precious metal with safety goals 1765 and expect 1775. Follow us to always know the science of   Forex Trading as well as the latest updates on technical analysis & fundamental analysis  https://www.forexadviseclub.com/

In yesterday's session, precious metal Gold dropped from 1769 to 1748 ($ 19) and closed the day session with a bearish candle around 1759. Although closing with a bearish candle, the force was strong .  The decline in my opinion was not too strong and there was a sign of withdrawal, so at the beginning of today's session, I still prioritized the option to buy this precious metal. Switching to a shorter time frame than H4, after Gold fell to 1748, the upward pressure appeared quite strong and pushed the price to 1762 and the 2 H4 candles now in my opinion are showing a correction to  continued increase.   So around the current price of 1756 we can establish a long position with precious metal Gold with a target of 1765. Follow us to always know the science of Forex Trading as well as the latest updates on technical analysis & fundamental analysis https://www.forexadviseclub.com/

 WHAT IT INFLUENCES: AUD and its subsequent pairs :- WHAT'S HAPPENING:   The Reserve Bank of Australia announces the RBA Interest Rate Decision. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates, then it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the current interest rate, or cuts the interest rate, then it is seen as negative, or bearish. Follow us to always know the science of trading as well as the latest Forex Signals and updates on technical analysis & fundamental analysis https://www.forexadviseclub.com/

WHAT'S HAPPENING:    The Retail Sales released by the Euro stat  is a measure of sales changes in the euro zone  retail sector.  The report displays the retail sector performance in the short term by the change in percentage.  The changes are widely accepted as consumer spending indicator. Usually, positive economic growth predicts bullish sentiment for the EUR, while a low reading is seen as negative, or bearish, for the EUR. RBNZ Interest Rate Decision, New Zealand Follow us to always know the science of trading as well as the latest updates on technical analysis & fundamental analysis   https://www.forexadviseclub.com/

The rise occurred last night after the market price tested the support level of 1725.00 and failed to break and then passed a confirmation reversal on the M15 time frame. An increase of $ 40 occurred from the lowest price to yesterday’s highest price. So through today’s chart what is the potential that could happen at the current price at the moment? I see from the trend of the market price which is dominated by the uptrend as well as there was a clear setup early this morning after the market tested on the trend line area as well as at the price of 1752.00 In addition, the market expects to continue the rise guided to the test level at the nearest resistance area between 1755.00 - 1752.00 and 1746.00 This is one of the closest support areas that can be retraced because in the current situation the price has entered the horizontal zone. If choosing the current market to trade I advise to put confluence on every trade made so that you can see more clearly what will happen after that. Fr...