📊 USDJPY – 1H Analysis
🔍 Market Structure
* Sharp bearish reversal after intervention-style drop
* Structure shifted → bearish (LH forming)
* Now in range / consolidation after dump
📌 Key Levels
* Resistance: 157.20 – 157.70
* Current Price: ~156.80
* Support: 156.20
* Major Support: 155.70
📉 Current Price Behavior
* Massive impulsive sell-off → policy-driven move
* Price stabilizing in 156–157 range
* Weak recovery → buyers not strong yet
🔍 Market Structure
* Sharp bearish reversal after intervention-style drop
* Structure shifted → bearish (LH forming)
* Now in range / consolidation after dump
📌 Key Levels
* Resistance: 157.20 – 157.70
* Current Price: ~156.80
* Support: 156.20
* Major Support: 155.70
📉 Current Price Behavior
* Massive impulsive sell-off → policy-driven move
* Price stabilizing in 156–157 range
* Weak recovery → buyers not strong yet
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📊 GLOBAL CUES
* USD strength supported by risk-off sentiment (US–Iran tensions)
* Yen volatility remains high → intervention still dominating USDJPY
* Japan continues warnings against FX speculation → intervention risk active
* Traders cautious → expecting sudden moves in JPY pairs
* Oil prices rising → impacting CAD, emerging currencies
* Commodity currencies under pressure due to global uncertainty
* GBP & EUR showing mixed moves → reacting to USD strength + macro data
* Upcoming economic events remain key driver
* USD strength supported by risk-off sentiment (US–Iran tensions)
* Yen volatility remains high → intervention still dominating USDJPY
* Japan continues warnings against FX speculation → intervention risk active
* Traders cautious → expecting sudden moves in JPY pairs
* Oil prices rising → impacting CAD, emerging currencies
* Commodity currencies under pressure due to global uncertainty
* GBP & EUR showing mixed moves → reacting to USD strength + macro data
* Upcoming economic events remain key driver
📊 AUDCAD – 1H Analysis
🔍 Market Structure
* Clear shift → bearish structure (LH + LL)
* Continuous rejection from 0.9790 supply
* Sellers in control → downtrend forming
📌 Key Levels
* Resistance: 0.9765 – 0.9790
* Current Price: ~0.9737
* Support: 0.9730
* Major Support: 0.9700
📉 Current Price Behaviour
* Strong rejection from highs → impulsive bearish move
* Price now testing 0.9730 demand
* Weak bounce → no strong buyers yet
🔍 Market Structure
* Clear shift → bearish structure (LH + LL)
* Continuous rejection from 0.9790 supply
* Sellers in control → downtrend forming
📌 Key Levels
* Resistance: 0.9765 – 0.9790
* Current Price: ~0.9737
* Support: 0.9730
* Major Support: 0.9700
📉 Current Price Behaviour
* Strong rejection from highs → impulsive bearish move
* Price now testing 0.9730 demand
* Weak bounce → no strong buyers yet
Gold prices are rising as tensions in the Middle East begin to ease. This follows an announcement by U.S. President Donald Trump to temporarily pause a plan aimed at providing safe passage for ships through the Strait of Hormuz, reducing immediate geopolitical risks. According to analyst Vivek Dhar, gold prices have generally moved opposite to Middle East tensions since peaking earlier this year, but the current rise is being supported by other factors. These include growing hopes for a ceasefire, expectations of future interest rate cuts as high energy prices slow global economic growth, and concerns about central bank independence. As a result, gold remains strong, with spot prices up about 1.5% and trading near $4,625 per ounce.
📊 GBPUSD – 1H Analysis
🔍 Market Structure
* Market recovering after bearish correction
* Short-term structure turning bullish again
* Buyers pushing price back toward resistance
📌 Key Levels
* Current Price: ~1.3588
* Resistance: 1.3590 – 1.3610
* Major Resistance: 1.3625 – 1.3660
* Support: 1.3555
* Major Support: 1.3540
📉 Current Price Behavior
* Strong bullish recovery from 1.3530 zone
* Price now testing major resistance
* Momentum slowing near supply → possible reaction area
🔍 Market Structure
* Market recovering after bearish correction
* Short-term structure turning bullish again
* Buyers pushing price back toward resistance
📌 Key Levels
* Current Price: ~1.3588
* Resistance: 1.3590 – 1.3610
* Major Resistance: 1.3625 – 1.3660
* Support: 1.3555
* Major Support: 1.3540
📉 Current Price Behavior
* Strong bullish recovery from 1.3530 zone
* Price now testing major resistance
* Momentum slowing near supply → possible reaction area
📊 GBPUSD – 1H Analysis
🔍 Market Structure
* Market remains bullish overall
* Recent rally losing momentum near resistance
* Price now moving into consolidation phase
📌 Key Levels
* Resistance: 1.3600 – 1.3625
* Current Price: ~1.3594
* Support: 1.3580
* Major Support: 1.3540
📉 Current Price Behavior
* Strong rejection from 1.3630 highs
* Price holding around 1.3590 support zone
* Momentum slowing → breakout or pullback likely next
🔍 Market Structure
* Market remains bullish overall
* Recent rally losing momentum near resistance
* Price now moving into consolidation phase
📌 Key Levels
* Resistance: 1.3600 – 1.3625
* Current Price: ~1.3594
* Support: 1.3580
* Major Support: 1.3540
📉 Current Price Behavior
* Strong rejection from 1.3630 highs
* Price holding around 1.3590 support zone
* Momentum slowing → breakout or pullback likely next
🌍 GLOBAL CUES
* US & Iran exchanged fire again in the Strait of Hormuz despite ceasefire claims
* Missile & drone attacks targeting US naval vessels increased tensions
* Iran accusing US of violating ceasefire after tanker strikes
* UAE intercepted Iranian missiles & drones amid regional escalation
* Markets watching possible 30-day ceasefire proposal between US & Iran
* Hormuz reopening talks giving temporary relief hopes
* Strait of Hormuz still major geopolitical flashpoint
* US & Iran exchanged fire again in the Strait of Hormuz despite ceasefire claims
* Missile & drone attacks targeting US naval vessels increased tensions
* Iran accusing US of violating ceasefire after tanker strikes
* UAE intercepted Iranian missiles & drones amid regional escalation
* Markets watching possible 30-day ceasefire proposal between US & Iran
* Hormuz reopening talks giving temporary relief hopes
* Strait of Hormuz still major geopolitical flashpoint
📊 GBPUSD – 1H Analysis
🔍 Market Structure
* Market shifted into a short-term bearish correction
* Lower highs forming after rejection from 1.3630
* Sellers currently controlling momentum
📌 Key Levels
* Resistance: 1.3580 – 1.3590
* Major Resistance: 1.3620 – 1.3630
* Current Price: ~1.3569
* Support: 1.3540
* Major Support: 1.3480
📉 Current Price Behavior
* Strong rejection from highs → impulsive sell-off
* Price now attempting recovery near 1.3560
* Momentum still weak below resistance
🔍 Market Structure
* Market shifted into a short-term bearish correction
* Lower highs forming after rejection from 1.3630
* Sellers currently controlling momentum
📌 Key Levels
* Resistance: 1.3580 – 1.3590
* Major Resistance: 1.3620 – 1.3630
* Current Price: ~1.3569
* Support: 1.3540
* Major Support: 1.3480
📉 Current Price Behavior
* Strong rejection from highs → impulsive sell-off
* Price now attempting recovery near 1.3560
* Momentum still weak below resistance
FGC Daily News Letter - 08 MAY.pdf
1.8 MB
📊 DAILY NEWS LETTER - 08 MAY
🚨 Today’s High Impact Economic Events
Major market-moving data releases ahead including NFP, Unemployment Rate, Wage Growth, and Fed-related updates. Expect high volatility across USD, Gold, and US30.
🚨 Today’s High Impact Economic Events
Major market-moving data releases ahead including NFP, Unemployment Rate, Wage Growth, and Fed-related updates. Expect high volatility across USD, Gold, and US30.
Weekly Trading Report (04 MAY - 08 MAY).pdf
16.4 MB
📊 Weekly Trading Report (04 MAY - 08 MAY)
Another week and we remain consistent.
Despite high geopolitical volatility and unstable market conditions, we successfully generated strong returns through disciplined execution and proper risk management.
Another week and we remain consistent.
Despite high geopolitical volatility and unstable market conditions, we successfully generated strong returns through disciplined execution and proper risk management.
GLOBAL CUES 🌎
* Iran rejects parts of US peace proposal, tensions remain high
* Strait of Hormuz risks continue supporting oil prices
* Israel–Lebanon conflict still active despite ceasefire talks
* US Dollar supported by safe-haven demand
* Oil markets volatile due to Gulf shipping concerns
* Gold reacting to geopolitical uncertainty
* Equity markets cautious amid rising global tensions
* Traders focused on geopolitical headlines and risk sentiment
* Iran rejects parts of US peace proposal, tensions remain high
* Strait of Hormuz risks continue supporting oil prices
* Israel–Lebanon conflict still active despite ceasefire talks
* US Dollar supported by safe-haven demand
* Oil markets volatile due to Gulf shipping concerns
* Gold reacting to geopolitical uncertainty
* Equity markets cautious amid rising global tensions
* Traders focused on geopolitical headlines and risk sentiment
GBPUSD • 1 Hour Analysis
Current price action suggests consolidation after recent volatility.
The pair is respecting resistance near 1.1770 while support remains around 1.1745.
Possible Scenarios:
* Bullish continuation above resistance can open upside momentum
* Rejection from current zone may lead to another downside sweep
* Market currently lacks strong directional conviction
Key Zones:
* Resistance: 1.1770 – 1.1780
* Support: 1.1745 – 1.1720
Bias remains neutral until breakout confirmation.
Current price action suggests consolidation after recent volatility.
The pair is respecting resistance near 1.1770 while support remains around 1.1745.
Possible Scenarios:
* Bullish continuation above resistance can open upside momentum
* Rejection from current zone may lead to another downside sweep
* Market currently lacks strong directional conviction
Key Zones:
* Resistance: 1.1770 – 1.1780
* Support: 1.1745 – 1.1720
Bias remains neutral until breakout confirmation.
Gold climbed above $4,750 on Tuesday, trading near three-week highs as rising Middle East tensions boosted demand for safe-haven assets. Concerns grew after uncertainty around the US-Iran ceasefire and ongoing disruption in the Strait of Hormuz pushed oil prices higher, adding to inflation worries in global markets.
The metal also found support from a weaker US dollar, making gold more attractive for investors. At the same time, reports that the US could consider further military action in the region kept market sentiment cautious.
Investors are now closely watching upcoming US inflation data, which could provide further direction for both the dollar and gold prices.
The metal also found support from a weaker US dollar, making gold more attractive for investors. At the same time, reports that the US could consider further military action in the region kept market sentiment cautious.
Investors are now closely watching upcoming US inflation data, which could provide further direction for both the dollar and gold prices.