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👉🥇🇻🇦🛸👈XAUUSD Alert!

☄️ On the H1, XAUUSD broke the support area of 2315, and the price continues to decline. The moving averages are above the price, which signals the continuation of the short-term bearish trend.

🔽 Trade: Sell XAUUSD;
🎯 TP: 2300;

Smash ❤️ if you trade XAUUSD today!

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🎉Target Profit has been reached!! 🎉

👇 Stay tuned! 👇

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#MarketNews

☀️ Happy Wednesday, dear traders! Today, May 1, we're bringing you the day's most thrilling news highlights:

☄️ Risks of rising emerging market rates are increasing as previous bets on rate cuts change, and countries from Turkey to South Africa may have to tighten monetary policy.

🔔 Amazon's sales are growing as the company focuses on AI, and the CEO stated that AI capabilities are accelerating the growth of its cloud business. Amazon (#AMAZON) shares are down 3.29%.

📊 Wall Street faced a turbulent April close, with rising labor costs and falling consumer confidence fueling fears of prolonged high Federal Reserve interest rates.

🇯🇵 Changes in the Bank of Japan's accounts suggest a ¥5.5 trillion intervention on Monday to support the yen, marking Japan's first suspected market entry since 2022.

🇸🇦 Saudi Arabia's economic contraction eased to 1.8% in Q1 2024, improving from a 4.3% decline as oil production cuts were less severe.

🇨🇳 China's factory activity continued to expand in April, marking a second consecutive month of growth and signaling a sustained economic recovery.

🚗 Tesla has drastically reduced its Supercharger team, potentially slowing the expansion of its charging network that major automakers rely on, amidst broader company layoffs. Tesla (#TESLA) stock is down 5.49%.

⚡️ Gold prices dipped below $2,300 as expectations of a hawkish Federal Reserve stance increased, reducing the metal's appeal amid declining haven demand.

That's it for today, guys! Click on 🔥if you liked our review, and see you soon!

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👉💡▶️⏩Important Point for NZDUSD!

🇳🇿 On H4, the NZDUSD pair formed a descending channel pattern. The price bounced off the upper trend line and reached the critical support level.

🔽 If the price falls below the support level at 0.5880, it will drop to last year's low of 0.5800;
🔼 A rebound from support will take the price back to the upper trend line and resistance at 0.5950;

❓ Do you buy or sell NZDUSD? Write in the comments🔽

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👉🗽🕛US500 Update!

🌐 US500 is very volatile, and the price is declining rapidly, reaching 23.6 Fibonacci support. US500 has broken the trendline in a short-term uptrend, but the RSI is signaling a significant oversold condition.

🔽 If the price breaks below the 5010 support, we can expect a decline to the 4960 level;
🔼 A rebound from support will bring the price back to 5060 resistance;

❓ Are you bullish or bearish on US500? Share in the comments 👇

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👉🇻🇦🇨🇦👈USDCAD Outlook!

🔥 On the H2, USDCAD, after a rapid rise, the price is caught between two levels, and it is testing the 61.8 Fibonacci support. Indicators are giving mixed signals, creating two possible scenarios.

🔽 A break below the support at 1.3760 will mean the beginning of the decline to 1.3710, corresponding to 38.2 Fibonacci;
🔼 However, if the price overcomes 1.3780, the rise will continue to 1.3830;

🧐Are you on the bullish or bearish side?

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👉🥇🇻🇦👈All Eyes on XAUUSD!

☄️ XAUUSD fell sharply yesterday, breaking through the psychological level, but now the price is testing this resistance area. Considering the large number of US reports today, Gold could move in two directions in the short-term scenario.

🔼 If XAUUSD breaks above the resistance of 2300, the price could reach 2320;
🔽 However, if Gold bounces off the resistance, the downside target will be 2280;

Smash ❤️ if you trade XAUUSD today!

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#MarketNews

🌤 Happy Thursday, dear traders! Let's check the news moving the financial markets today:

☄️ Fed Chair Jerome Powell indicated potential rate cuts later this year but remained non-committal on timing due to persisting inflation concerns.

🇬🇧 BOE Governor Andrew Bailey faces deep divisions among policymakers on the timing of potential UK rate cuts amidst political pressure ahead of elections.

🇺🇸 The US Treasury will conduct a $15 billion bond buyback from late May to July 2024, its first since 2002.

💬 JPMorgan notes that investor expectations ahead of the Apple report could be so low that even a slight decline in Apple's revenue might trigger a reversal in stock prices. Apple (#APPLE) shares are down 0.60% today.

🇯🇵 Japan maintains ambiguity over potential yen market interventions, as top FX official Masato Kanda declines to confirm recent actions amidst currency volatility.

🛢 The FTC is set to approve Exxon Mobil's $60 billion acquisition of Pioneer Natural Resources, contingent on Pioneer's former CEO not joining Exxon's board. Exxon (#XOM) stock is down 1.97% today

💰 Bitcoin drops below $58,000, risking further declines as the crypto market faces its worst month since the FTX crash, with hawkish Fed policies potentially impacting risky assets.

🖥 The Microsoft CEO committed $2.2 billion to AI and cloud infrastructure in Malaysia. Microsoft (#MICROSOFT) shares are up +1.49%.

That's it for today, guys! Click on 🔥if you liked our review, and see you soon!

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👉🇦🇺🇻🇦👈Important Point for AUDUSD!

⭐️ AUDUSD is quite volatile, but the short-term trend is bullish, and the price has reached 61.8 Fibonacci resistance. Although indicators show the possibility of continuing the bullish trend, a divergence has formed on the RSI.

🔼 If the price breaks above the resistance area at 0.6540, it will reach the level of 0.6580;
🔽 A bounce off the resistance and further decline will drop AUDUSD to 0.6490;

❓What do you think the AUDUSD is bullish or bearish today? Share your opinion in the comments👇

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👉🥇🇻🇦👈XAUUSD Outlook!

☄️ XAUUSD has rebounded from the 2325 resistance level and the upper border of the bullish falling wedge pattern, now testing the 2305 support area.

🔼 A bounce from the 2305 support could propel the asset to retest 2325;
🔽 Conversely, a break below the support may lead to a decline towards the 2285 support level.

Smash ❤️ if you trade XAUUSD today!

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#LiveStream

⚠️ Get ready for a major trading event of the week tomorrow — US NFP release ⚠️

➡️ Join our exciting US NFP trading stream on May 3rd, at 15:00 GMT+3!

🚀 Watch as our charismatic financial maestro, Adetola Freeman, dives into the market live, sharing exciting trading ideas and exclusive knowledge! 😎

🔥 Don't miss this epic event! Set a reminder right now 👇
https://www.youtube.com/watch?v=A9gEEoW6kc4

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👉🇻🇦🇯🇵👈USDJPY: Global Analysis!

💸 Looking at the Monthly Timeframe, USDJPY is in a long-term bullish trend. The price has reached the 1990 high, updating the high of the last 34 years. Despite BOJ interventions and the US Fed keeping the key rate on hold, USDJPY could move in two directions.

🔼 If the price overcomes the resistance area of 160.00, we can expect a rise to the level of 180.00;
🔽 However, if the price bounces off the resistance, USDJPY could be expected to fall towards the 140.00 support;

🔴 Traders, what is your sentiment on USDJPY? Share your opinion in the comments👇

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👉💡▶️⏩XAGUSD Outlook!

⚡️XAGUSD targets the crucial 26.30 support zone, aligned with the golden Fibonacci ratio. The 50-MA crossing below the 100-MA indicates bearish momentum for the asset.

🔼 If XAGUSD rebounds from the 26.30 support, it could rally towards a target of 26.80;
🔽 However, if silver surpasses the golden Fibonacci ratio, it may pave the way to 25.20.

❓ Do you agree with FBS analysts? Let's discuss it! 💬

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👉🇻🇬🇻🇦👈GBPUSD Outlook!

💸 On the H4 chart, GBPUSD is targeting a bearish trendline, moving inside a head-and-shoulders pattern. In addition to this, the MA100 is offering crucial support.

🔼 A bounce off the 1.2480 support could send the pair soaring towards 1.2530 and the trendline.
🔽 Conversely, breaching the support might trigger a descent to 1.2420.

Smash ❤️ if you trade GBPUSD today!

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#MarketNews

☀️ Happy Friday, dear traders! Look at the major news on this week's last trading session!

🇨🇦 The head of the Bank of Canada stated that before initiating any rate cuts, the bank needs assurance that inflation has begun to decrease steadily.

🔎 In 2022, Google paid Apple $20 billion to become the default search engine in Safari. As a result, Google's shares rose to $166.70.

🇯🇵 Goldman Sachs anticipates the Bank of Japan's continued interventions in the FX market. Consequently, USDJPY dropped to 153.07.

📈 This weekend, there will be the Berkshire Hathaway shareholders' meeting. Buffett downplayed the company's "stunning" results, but investors aren't listening - BRKB trades at 400.59, reaching historical highs.

🍎 CNBC reports that Apple has launched its largest share buyback program amid declining iPhone sales. As a result, APPLE shares rose to 173.18.

✂️ Powell kept the possibility of a rate cut alive but extended its duration indefinitely. He practically ruled out a hike as the next rate move. As a result, the UsDollar dropped to 105.27.

🇬🇧 According to the OECD, the UK is expected to exhibit the slowest economic growth among all developed countries next year, attributed to high-interest rates and inflationary pressures. The UK100 index is consolidating at 8206.

🇹🇷 Turkey's April Consumer Price Index (CPI) rose by 3.2%, slightly below the anticipated 3.4%. Annually, CPI surged by 69.8%, slightly lower than the projected 70.3%. Meanwhile, USDTRY is currently trading at 32.42.

❓ How was your trading week? Share your opinion in the comments!

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👉💡▶️⏩All Eyes on NZDUSD!

⚡️ The NZDUSD pair formed a descending channel, and the price reached the upper trend line, testing the MA200. Despite the long-term decline, two scenarios are possible.

🔼 A break of the trend line and a rise above the resistance at 0.5980 will start a bullish trend towards 0.6080;
🔽 A rebound from the trend line will bring NZDUSD down to the support at 0.5880;

❓ Do you trade NZDUSD today? Write in the comments👇

➡️ TRADE WITH FBS
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👉🇪🇺🇻🇦👈EURUSD Technical Analysis!

⚡️On the H4 chart, EURUSD encountered a significant resistance zone at 1.0740, coinciding with the 38.2 Fibonacci ratio. The 200-period Moving Average (MA) also adds to the resistance.

🔼 If the price breaks above 1.0740, it may target the 1.0810 level;
🔽 Conversely, a failure to breach the resistance could trigger a correction towards 1.0650.

Tap the 👍 button if you're trading EURUSD today!

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👉🥇🇻🇦👈XAUUSD: Short-term Analysis!

☄️ On the M30, XAUUSD formed a symmetrical triangle pattern, and the price reached the lower trend line. Indicators are giving mixed signals, creating two possible options for Gold.

🔽 If the price falls below the support of 2300 and breaks the lower trend line, we can expect a fall to 2290;
🔼 A rebound from the support will open the way for a rise to 2310, to the upper trend line;

Put ❤️ if you are bullish. Click 👍 if you are bearish!

➡️ TRADE WITH FBS
@fbsanalytics