MARKET OVERVIEW

Market Worries Rise as Trump’s Tariff Threats Loom on February 1st

Concerns grow as Trump’s potential tariffs on Canada, Mexico, and China could strengthen the U.S. dollar and push GOLD prices higher. The final decision is expected by January 31st, impacting cross-currency trading strategies.

GOLD

GOLD reached 2797.055 with strong momentum supported by MACD and RSI. Price action is bullish, indicating further upside. Long-term forex plans should consider gold’s growth amid trade tensions.

SILVER

SILVER followed GOLD’s rally. MACD shows strong momentum, while RSI reflects increased buying pressure. The EMA200 confirms a bullish trend. Scalping bots for forex can optimize trades during volatility.

DXY

The Dollar consolidates below resistance with support at 107.834. EMA200 acts as resistance, and bullish momentum builds. Data-driven forex trading helps identify breakout opportunities.

GBPUSD

The Pound remains in consolidation, awaiting tariff decisions. Use tools from best brokers for MetaTrader to monitor breakout signals.

AUDUSD

The Aussie is bearish but losing momentum. The MACD is muted, and RSI neutral. Data-driven forex trading helps spot key entry points amid downtrends.

NZDUSD

The Kiwi shows a bearish shift with weak momentum. EMA200 supports the downtrend. Scalping bots for forex help capture short-term moves.

EURUSD

The Euro falls below its swing low, reinforcing bearish sentiment. EMA200 acts as resistance. Cross-currency trading strategies should anticipate more downside.

USDJPY

The Yen holds steady with support from BOJ’s hawkish stance. MACD and RSI show moderate strength. Best brokers for MetaTrader assist in tracking these trends.

USDCHF

The Franc weakens as price action shifts bullish. EMA200 supports upward movement. RSI and MACD are neutral. Long-term forex plans should monitor for sustained trends.

USDCAD

The CAD weakens amid tariff concerns. MACD strengthens, RSI stable. Despite drops, price action remains within a bullish structure. Data-driven forex trading helps manage CAD volatility.

COT REPORT ANALYSIS

  • AUD – WEAK (4/5)
  • GBP – WEAK (5/5)
  • CAD – WEAK (4/5)
  • EUR – WEAK (5/5)
  • JPY – WEAK (3/5)
  • CHF – WEAK (5/5)
  • USD – STRONG (4/5)
  • NZD – WEAK (4/5)
  • GOLD – STRONG (5/5)
  • SILVER – STRONG (5/5)

 

Leveraging best brokers for MetaTrader ensures access to advanced tools for data-driven forex trading. Adapt cross-currency trading strategies based on tariff developments.

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