Primafx-Tradenex

AUDUSD SELL 0.72375
SL:0.72575
TP1:0.72175
TP2:0.71975

the price reached t he prior resistance zone and got declined , yesterday's a false breakout and pulled back to the prior support zone

Dollar and Dow Wound Up Before NFPs and Holiday Drain

Just how steadfast are the markets? We have witnessed extraordinarily reserved conditions for the financial system this week as structural quiet converges on the height of seasonal doldrums. Yet, that curb on participation can do more to amplify volatility than suppress it when passing through critical event risk – and that is exactly what we are facing into this final trading session of the week…and season. US nonfarm payrolls (NFPs) for August are due at 12:30 GMT before the US open, and the market’s fixation on the Fed’s intended time table for a taper has not abated alongside volume. Thin markets, extremely tight trading ranges and key event risk is a potent combination that active traders and passive investors alike should monitor. With the Dow as a foundational blue-chip risk measure extending its extremely controlled (now 8 day) range and volatility, it will be a good measure of sudden outburst.

GBPNZD BUY 1.95118
SL:1.94818
TP1:1.95318
TP2:1.96118

the market get to test the support zone and got declined by consolidating , the prior candle had to break it attemption of uptrend movement formation.

EURUSD SELL 1.18014
SL:1.18214
TP1:1.17814
TP2:1.17614

the market formed head and shoulders pattern , formation an downtrend move after it got declined from the prior high, currently the market broke the trendline and the support zone.

Only by burning yourself can you help those who are lost on the way find a way out! Good morning!

GBPAUD BUY 1.88844
SL:1.88544
TP1:1.89044
TP2:1.89344

the market start of its formation an uptrend movement due the rejection from the prior support zone

AUDUSD SELL 0.72958
SL:0.73158
TP1:0.72758
TP2:0.72458

the price reached the resistance zone and bounced back for downtrend formation due the current price broke the trendline and the support zone

AUDJPY SELL 80.100
SL:80.400
TP1:79.900
TP2:79.600

The price got declined from the prior high , the market return to the sell zone in the hourly consolidation range, after it break the trendline

It is by acts and not by ideas that make people success. Good morning!

US Dollar Outlook: Fed Taper Talk at Jackson Hole is Key

US Dollar bears have been in the driver’s seat and steered the broader DXY Index nearly -1.0% lower since Friday. This appears to follow a deterioration in economic data and global growth outlook, which could be enough for the Federal Reserve to delay an announcement of a timeline for tapering asset purchases.

With markets walking back expectations that the Fed might use its annual Jackson Hole Symposium as a platform for outlining what the taper timeline might look like, it comes as little surprise that the US Dollar has pared recent gains. Broad-based selling pressure across USD price action could continue if FOMC officials remain cautious with their guidance owing to the delta variant of COVID-19 and its potential to derail the economic recovery.
10
17:08

USDJPY SELL 109.973
SL:110.123
TP1:109.823
TP2:109.673

the price got declined from the prior resistance zone , current price broke the hourly trendline and the support zone

【Chinese concept stocks rebounded collectively, and the three major U.S. stock indexes rose! 】

Chinese concept stocks rose sharply, and the market sentiment drove US stocks to rise! The Nasdaq reached a new high, breaking the 15,000 mark!

The performance of the three major US stock indexes on August 24:
-US stocks Jones Index rose 30.55 to 35,366.26 points, an increase of 0.09%.
- Index rose 77.15 points to 15,019.8 points, an increase of 0.52%.
-The S&P 500 index rose 6.7 points to 4,486.23 points, an increase of 0.15%.

On August 24, Gary Gensler, chairman of the US Securities and Exchange Commission, mentioned that Chinese companies listed in the US should disclose political and regulatory risks to the investors.

Andrew Slimmon, Fund Manager of Morgan Stanley Investment Management, said that investors should take the opportunity set is in those stocks that got hit the most, namely the cyclical stocks, the energy stocks, the reopening stocks. Slimmon is scooping up shares of casino, cruise ship, restaurant and theater companies. He also suggested that investors should pay attention to those stocks that have fallen from a high to 20% or even 30%.

chief economic adviser Elian said that the U.S. stock market will not undergo significant adjustments before the end of this year. Unless there is a huge shock in the market. Now, investors should take advantage of the bargain, because he believes that Fed will not reduce the balance sheet within this year.