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USD/JPY opened with a gap up, but the price failed to create a new higher high, instead forming a lower high. This technical signal suggests short-term bearish potential, with price likely to retrace and close the gap area before making its next move. Recommendation: *DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not […]
EUR/USD is currently showing a movement pattern similar to GBP/USD. The pair has completed its secondary trend phase and is now likely to continue the primary bullish trend. Based on this outlook, EUR/USD is expected to rise toward the nearest resistance level as its next target price. Recommendation: *DISCLAIMER: All content in daily forex news is informative. PT. […]
GBP/USD remains in a bullish trend. After completing its secondary trend phase, the pair has formed a valid swing low, signaling strong potential for further upward movement. With this technical confirmation, GBP/USD is expected to continue its bullish momentum toward the nearest resistance area. Recommendation: *DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does […]
XAUUSD remains in a bullish outlook, with price likely to move toward the predetermined target price. This upward momentum is supported by a breakout above minor resistance, signaling a continuation of the bullish trend. As long as price holds above the stop loss level, gold retains strong potential for further gains. Recommendation: *DISCLAIMER: All content in daily […]
Maxco strives to meet clients’ needs by continuously developing Maxco applications. With this application, users can make transactions on the global market anytime and anywhere. In the Maxco Top Trader Report, you can see the weekly reports of traders at Maxco. This report helps you to get information about trading at Maxco. Congratulations to the trader who achieved […]
In the global economic landscape, U.S. labor market data consistently takes center stage. The reason is simple: the labor conditions in the world’s largest economy often serve as a barometer for global growth prospects and as a key factor shaping monetary policy. Among the most closely watched indicators—before the release of official government data—is the […]
Based on technical analysis, the formation of a Double Top pattern, along with a Swing High, suggests a potential downward price movement. This pattern typically indicates a trend reversal after the price reaches a peak and begins to turn downward. Trading Setup *DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its […]
On the GBPJPY chart, a Double Bottom pattern followed by a bullish candlestick formation provides a strong signal that the price is likely to continue rising. Trading Setup: Current price momentum suggests potential for further upward movement. However, as always, it is recommended to conduct further analysis and ensure proper risk management before entering a […]
The ISM Services PMI dropped to 50.1 in July, down from 50.8 in June, well below the expected 51.5. This indicates that the services sector is nearly stagnant. Data Highlights: Conclusion:The combination of a weakening services sector and rising price pressures could disrupt market sentiment and influence future Fed policy decisions. Source: ISM *DISCLAIMER: All content […]
Release: 19:30 WIB | Period: until August 23, 2025 Initial Jobless Claims decreased by 5,000 to 229,000Slightly better than the expected 230,000Continuing Claims decreased by 7,000 to 1,954,000 This data does not indicate an acceleration in labor market weakening, though concerns remain about the slowdown in hiring. Special Note:Claims from federal employees decreased to 581, […]
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