The EURJPY Performance

Traders seem to be finding target 2 at price point 162.683 attractive. There are now only 96 left pips for traders to secure in this position.

Please note that this should not be used as advice. Support that can assist clients to make a more informed decision. Risk Management must be applied on a strict basis.

The EURGBP Performance

This pair has bounced at the surface of the golden ratio, 38.2.

We now have daily candles above the price point of 0.86975. Which suggests a stronger signal to the upside to finish the setup.

The target is still set at a price point of 0.87892.

Please note that this should not be used as advice. Support that can assist clients to make a more informed decision. Risk Management must be applied on a strict basis.

The BTCUSD Performance

If any traders have not been in the loop with this asset, we have been tracking it for some time. Longer-term analysis was applied with a clean setup from the downside to target 42547.38. Price has broken through 31816.52 and given us further highs and higher highs.

The target as suggested is still at 42547.38.

Please note that this should not be used as advice. Support that can assist clients to make a more informed decision. Risk Management must be applied on a strict basis.

The AUDNZD Performance

Quick update on this pair, price seems to have been pushed down further after our initial setup. Price broke through our range between price points 1.08461 & 1.08396. This pair has had some slippage with a 32-pip move open which suggests that we have more sellers pushing down in favor of our setup. There are over 50 pips available to secure this position for scalpers.

Please note that this should not be used as advice, but support that can assist clients to make a more informed decision. Risk Management must be applied on a strict basis.

Final Thoughts on Today’s Analysis

In conclusion, the analysis of the selected currency pairs and the BTCUSD asset provides valuable insights into the current market trends. The EURJPY pair has reached an attractive target at 162.683, leaving only 96 pips for traders to secure in this position. Meanwhile, the EURGBP pair has shown a strong signal to the upside, bouncing at the golden ratio of 38.2 and displaying daily candles above the price point of 0.86975. The target for EURGBP remains at 0.87892, indicating a potential upward movement. 

On the cryptocurrency front, BTCUSD has broken through the 31816.52 level, resulting in higher highs and further gains. The initial setup from the downside targets 42547.38, suggesting a positive outlook for Bitcoin in the near term.

 However, it's essential to emphasize that these observations and targets are provided as support, not financial advice. Traders should exercise caution and apply strict risk management strategies when making decisions based on this analysis. The market is inherently unpredictable, and unforeseen events can impact asset prices. Therefore, staying informed, applying sound risk management practices, and making decisions based on a thorough understanding of the market dynamics remain crucial for traders' success. Watch our YouTube channel today for more analysis.