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Forecast for #USDCAD
USDCAD has reached the retracement level of 78.6%.
The price broke through the level of dynamic resistance, which will now act as support.
The chart worked out the growth of the previously formed harmonic pattern "Bat"
Lot size if you follow My entry
0.01 -10pips > 1 usd
0.10 - 10pips > 10usd
1.00 - 10pips > 100usd
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Sorry the targets are mistyped, it's as following:
TP1: 2320
TP2: 2317
TP3: 2314
TP4: 2311
TP5: 2308
TP6: 2305
TP7: 2300
SI: 2343
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14.08.2024 - Key Global Topics
📈Good morning. UBS profit beats estimates as client inflows hit $27 billion. Japan’s prime minister won’t seek a second term. And international students face immigration crackdowns.
🇬🇧UBS posted a $1.1 billion profit, about double estimates, driven by $27 billion in net new assets. The bank’s wealth management pretax income missed on higher compensation of financial advisors, while investment banking beat.
🇯🇵Japanese PM Fumio Kishida is withdrawing from his ruling LDP party’s leadership race in September, paving the way for someone else to become premier. Here’s a look at some potential contenders.
🇨🇳Asian stocks rose on bets today’s US CPI report will allow the Fed to start easing in September. US futures were mixed, while European contracts advanced.
- Wall Street’s crowded options trade is reloading after last week’s stock selloff.
- Marko Kolanovic re-emerged, offering a fresh bearish view on social media after his recent exit from JPMorgan.
Cheapflation. Britain’s poor have been hit the most by soaring costs of the cheapest groceries.
- The price of the least expensive goods in grocery stores jumped 32.6% from 2021 to 2023—about double the pace for the most expensive products, according to the IFS, which dubbed the trend “cheapflation.”
- Households in the bottom quarter of spending power paid about £100 a year more for groceries, underscoring how the worst bout of inflation in four decades widened inequality.
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Forecast for #CHFJPY
CHFJPY is moving in a descending channel between two trend lines.
The volatility of the price movement has decreased, which may signal an upcoming decline.
BTCUSD (Bitcoin)
Sell Entry: 72000
TP1: 71700
TP2: 71400
TP3: 71100
TP4: 70800
TP5: 70500
TP6: 70000
TP7: 69500
Sl: 74000
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Gold (XAUUSD)
Sell Entry: 2322.500
TP1: 2220
TP2: 2217
TP3: 2214
TP4: 2211
TP5: 2208
TP6: 2205
TP7: 2200
SI: 2343