GBP/USD remains in the red below 1.2950 in today's trading session. The demand for the US dollar has increased again amid the cautious Fed and economic uncertainty, which is a major drag on the pair. Technically, we see a sharp decline in GBPUSD. The previous uptrend in the price channel has been broken. The price has breached and moved below the 34 EMA, so the next target could be to continue testing the 89 EMA and regain momentum around the 1.288 support. In my personal opinion, I expect a decline (in the short term). If this is not a false breakout, then shorting is the top choice for GBPUSD in the short term. And you, what do you think about the trend of GBPUSD?
Good morning traders, EURCHF is above 200 MA, higher lows and higher highs after bottom at 0.92 . I´m expecting a bullish leg till 0.98 area Scenario will be cancelled below 0.94 on a daily basis 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit 3. Think like a fundamentalist, trade like a technician . 4. Keep your analysis simple 5. Start small and increase exposure when trend is confirming your analysis 6. The hard trade is the right trade Have a great weekend
Disclaimer: This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
⭐️Fundamental Analysis The Federal Reserve’s forecast of only two 25 basis point (bps) rate cuts by the end of the year helped the US Dollar (USD) gain positive momentum for the third consecutive day, which, in turn, is seen as undermining the commodity. The decline could also be due to some profit-taking heading into the weekend. However, bets that the Federal Reserve (Fed) will continue its rate-cutting cycle will limit the USD’s gains and act as a non-yielding driver for Gold prices. Moreover, uncertainty over US President Donald Trump’s aggressive trade policies and their impact on the global economic outlook, coupled with geopolitical risks, deter traders from placing strong bearish bets on the safe-haven bullion. ⭐️Technical analysis D1 candle has started to show a bearish candle after many consecutive days of increase. However, the buyers have pushed the price from the 3026 area, showing that a strong buying force is still in this area. The European session, gold traded within the 3025 and 3038 range, the h4 structure shows this. Gold is pushing up to 3038, until the end of the European session, gold cannot break 3038, giving a SELL signal to 3025, the US breaks 3025, then it heads towards support 3008. In the opposite direction, Gold pushes back to 3025 first and does not break this area in the European session, giving a BUY signal to 3038 and heads towards ATH when the US breaks this area. Pay attention to the 2 areas of 3025 and 3038 to trade breakouts.
If the chart will consolidates above 5.81%, i.e. above the sloping downtrend line, this would be an early indicator of the start of a bear market, because this line is global for the current bull market. The second confirmation will be if dominance will bumped at 3.94 - 4.30% range as wave B and will update the end of wave A.
I have a bearish outlook for the day. The first phase is bearish and then a pull back is likely to take place. This is my mathematically derived outcome. Use your technical analysis and trade with Stop-Loss.
Analysis done directly on the chart. We've been seeing volume all week, letting the market to cool off won't harm anyone. Market doesn't move in straight lines, it needs to create structure and liquidity to move. If you have any questions, leave it in the comment. I'll try my best to respond. Not financial advice, DYOR. Market Flow Strategy Mister Y
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The financial world stands at a critical juncture as the rapid advancement of quantum computing casts a shadow over current encryption methods. For decades, the security of sensitive financial data has relied on the computational difficulty of mathematical problems like integer factorization and discrete logarithms, the cornerstones of RSA and ECC encryption. However, quantum computers, leveraging principles of quantum mechanics, possess the potential to solve these problems exponentially faster, rendering current encryption standards vulnerable. This looming threat necessitates a proactive shift towards post-quantum cryptography (PQC), a new generation of encryption algorithms designed to withstand attacks from both classical and quantum computers. Recognizing this urgent need, global standardization bodies like NIST have been actively working to identify and standardize quantum-resistant algorithms. Their efforts have already resulted in standardizing several promising PQC methods, including lattice-based cryptography (like CRYSTALS-Kyber and CRYSTALS-Dilithium) and code-based cryptography (like HQC). These algorithms rely on different mathematical problems believed to be hard for quantum computers, such as finding the shortest vector in a lattice or decoding general linear codes. The finance industry, a prime target for "harvest now, decrypt later" attacks where encrypted data is stored for future quantum decryption, must prioritize adopting these new standards to protect sensitive financial transactions, customer data, and the integrity of financial records. The transition to a quantum-safe future requires a strategic and proactive approach. Financial institutions need to conduct thorough risk assessments, develop phased implementation roadmaps, and prioritize crypto agility – the ability to switch between cryptographic algorithms seamlessly. Early adoption not only mitigates the looming quantum threat but also ensures regulatory compliance and can provide a competitive advantage by demonstrating a commitment to security and innovation. As technology leaders like Cloudflare begin to integrate post-quantum cryptography into their platforms, the financial sector must follow suit, embracing the new cryptographic landscape to safeguard its future in an era defined by quantum capabilities. Adopting post-quantum cryptography is essential, as merely using a different mathematical method does not ensure protection against quantum computing threats.
Double Top completed. Downward correction move to about 192.077 if Double Bottom is respected. If further pushed, TP2 is around 191.176 to the start of the move. Prediction is bullish on higher timeframe at TP2 zone.