EUR/USD

Trend Theme:EUR/USD finds floor to arrest pullback, but downside pressures remain
Trend Review:
EUR/USD found a foothold near 1.1050 on quiet Monday.US markets were dark to kick off trading week, bringing thin volumes.Key EU data this week threatens to get overshadowed by US NFP.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.1068* | 1.10698** | 1.10734*** |
| 1.10662 | Support* | 1.10644* | 1.10626** | 1.1059*** |
Weekly forecast:

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USD/JPY

Trend Theme:USD/JPY Price Forecast: Surges to two-week peak, shy of 147.00
Trend Review:
USD/JPY closed August above Kijun-Sen and Ichimoku Cloud, showing buyer strength; break above 152.00 needed to target YTD high of 161.95.Pair consolidates within 140.78-147.30 range inside Ichimoku Cloud, indicating potential for sideways trading. Break above 149.39 required for uptrend continuation; a dip to 141.69 could test Kumo bottom at 140.78.Buyer momentum picking up, targeting Kijun-Sen at 148.46. Watch resistance at 147.00 and 148.00; a fall below Senkou Span A at 146.90 may lead to levels at 146.00 and Tenkan-Sen at 145.31, nearing the 145.00 support.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 146.918* | 147.005** | 147.219*** |
| 146.791 | Support* | 146.704* | 146.577** | 146.363*** |
Weekly forecast:

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WTI

Trend Theme:WTI holds below $73.50 amid slow China demand, halted Libyan exports
Trend Review:
WTI attracts some sellers near $73.30 in Tuesday’s early Asian session. China’s manufacturing activity slowed in August, weighing on the WTI price. Halted Libyan exports and higher Fed rate cut expectations might cap the WTI’s downside.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 73.521* | 73.59** | 73.765*** |
| 73.415 | Support* | 73.346* | 73.24** | 73.065*** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold price stumbles below $2,500 as market participants eye NFP report
Trend Review:
Gold prices fall during a quiet North American session with US markets closed for Labor Day.Upcoming US economic reports — ISM PMIs, JOLTS job openings, ADP Employment Change, and Nonfarm Payrolls — set to influence Fed rate decision.Fed Chair Powell at Jackson Hole noted that inflation was easing but increasing employment risks, raising recession concerns.Geopolitical tensions linger as President Biden may propose a ceasefire deal between Israel and Hamas, potentially affecting markets.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 2497.58* | 2498.41** | 2500.06*** |
| 2496.76 | Support* | 2495.93* | 2495.11** | 2493.46*** |
Weekly forecast:

