ATFXLate review0908Confirmed effective mid-term strong resistance,EURUSDAnd gold enters the downward band

EURUSD
chart1，EURUSD   Daily level
Federal Reserve Chairman Powell promised to shrink the balance sheet within the year, but8The number of non farm payrolls in the United States fell far short of expectations in the month, leading the market to question whether the US economy can sustain a strong recovery.
Technical analysis:
MA5-MA10Above zero axis, latest value0.0012The column line shows signs of attenuation, with weak bulls in the future market;
Structurally, the top fractal has formed and is at a strong resistance level1.1907Nearby, it is expected that the fractal resistance of this peak will be effective, and it will encounter resistance and fall back in the future.
Final View: Decline


XAUUSD
chart2，XAUUSD  Daily level
High inflation in the United States will continue to boostgoldThe hedging attribute of (avoiding currency depreciation);
Technical analysis:
MA5-MA10Above zero axis, latest value0.12The column line significantly attenuates, and weak bulls may turn bearish in the future market;
Structurally, strong resistance level1833Confirmed to be effective, and the top fractal structure has been formed, the probability of the future market will continue to decline in the band.
Final View: Decline


USOIL
chart3，USOIL 2021year10Monthly contract  Daily level
The Delta variant virus is spreading in Europe and Americacrude oilContinuous bearish impact caused by demand, putting pressure on oil prices;
The core factor behind the decline in oil prices is eitherOPECDisorderly production increase, or a large-scale increase in shale oil production in the United States, both of which have not yet emerged, and even if oil prices decline, the magnitude is relatively limited.
Technical analysis:
MA5-MA10Above zero axis, latest value0.23The column line is medium to small, with weak bulls in the future market;
In terms of structure, short-term support is in the67.1Maintain a bullish view until this price level is lowered.
Final viewpoint: weak upward trend


NASDAQ100index
chart4NASDAQ100index  Daily level
U.S.A8The monthly non farm payrolls fell short of expectations, which lowered the Federal Reserve's expectation of reducing monthly bond purchases by the end of the year.
Technical analysis:
MA5-MA10Above zero axis, latest value75Although there are signs of attenuation in the column line, the absolute value is still relatively large, and it is expected that bulls will continue in the future;
Structurally, close7The trading day has been fluctuating at high levels, with demand for a pullback. The support level below is15143It is expected that the lowest point of the pullback will be above this price level.
Final point: There is a need for a pullback.

Disclaimer:
1The above analysis only represents the analyst's perspective. There are risks in the foreign exchange market and investment needs to be cautious.
2、ATFXWe will not be responsible for any profit or loss that may arise from the direct or indirect use or reliance on this information.