fx_jamaal

AUDCHF UPSIDE - SUPPY AVAILABLE If the Bank of Australia continues to hike interest rates while the Swiss National Bank delays in doing so to tackle inflation, we may witness an upside move in AUDCHF.

GBPCHF Short-term Upside - BUY LIMIT ACTIVATED There is a good possibility is that GBP may strengthen against CHF in the short term, primarily due to Switzerland's comparatively low-interest rates and high inflation. The Swiss National Bank (SNB) is expected to discuss monetary tightening as a means of combating inflation, which could even result in a sudden rate hike. As such, it could potentially signal a prime opportunity to sell above $1.2000. However, it's crucial to conduct a thorough analysis of all available indicators, including fundamental and technical factors to make a more informed and well-rounded trading decision.

GAUD Short-Term Downside Before Upside While I believe that GAUD has a favorable long-term outlook, market indicators suggest that short-term bearish pressure may be imminent for GBPAUD. Recent CPI data in the UK has shown a decline, and despite the RBA's unexpected decision to hike rates to tackle inflation, it's likely that GBPAUD will experience a monthly low before any substantial upward momentum. The daily chart confirms this sentiment, indicating a bearish reversal that is trending downwards towards $1.7402. Therefore, it's advisable to consider shorting GBPAUD rather than buying at this time. GBPAUD may experience short-term bearish pressure due to the decline in CPI in the UK and the RBA's decision to hike rates to combat inflation. These factors could potentially lead to GBPAUD reaching a monthly low before any significant upside move. This information could be useful for traders who are looking to make short-term bets on the pair, as they may want to consider selling or shorting GBPAUD at this time. It's important to keep in mind that any trading decisions should always be based on a comprehensive analysis of multiple factors, including technical, fundamental, and macroeconomic factors. Additionally, it's essential to have a well-defined risk management strategy in place to avoid excessive losses. Lastly, trading decisions should always be made with caution and careful consideration of the potential risks involved.

BTCUSD is likely to decline, while DXY is likely to rise. Due to the high probability of hardcore monetary tightening by the Federal Reserve as a result of the dollar rally "celebrating" the debt ceiling agreement, this will cause investors to sell bitcoin (BTC) and invest in the dollar.