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Trade Review and Advice on Trading the EuroThe test of 1.1864 coincided with the MACD indicator just beginning to move upward from the zero line, which confirmed the correct entry point for buying the euro in line with the trend. As a result, the pair gained 50 pips. Yesterday's decision by the Federal Reserve to cut interest rates by 0.25% initially pushed the euro higher. However, since Fed Chair Powell did not provide clear, stronger guidance for further substantial monetary easing this year, the U.S. dollar quickly regained ground. Investors had hoped for a more decisive signal confirming the Fed's commitment to a dovish policy stance. The absence of firm promises disappointed market participants, who had been looking for stronger measures to stimulate the economy. Uncertainty about the Fed's future moves drove investors back into the dollar, which has historically been considered a safe-haven asset in times of economic instability. The euro's upward momentum is likely to remain constrained. Today, the ECB will publish its current account data, alongside a speech from ECB President Christine Lagarde. However, investors are unlikely to expect much, as Lagarde is not expected to touch on monetary policy. Overall, short-term forecasts for the pair remain negative. For a sustained euro recovery, encouraging macroeconomic indicators are needed; otherwise, pressure on the single currency will persist. As for the intraday strategy, I will focus more on implementing scenarios #1 and #2. Buy ScenarioScenario #1: Buy the euro at around 1.1805 (green line on the chart), targeting 1.1875. At 1.1875, I plan to exit long positions and sell immediately in the opposite direction, aiming for a 30–35 pip move down from the entry level. Buying should only be considered after strong economic data. Important: Before buying, ensure the MACD indicator is above the zero line and just starting to rise from it. Scenario #2: Another buying opportunity arises if the price tests 1.1774 twice in a row while the MACD is in oversold territory. This will limit the downside potential and trigger a reversal upward. Targets are 1.1805 and 1.1875. Sell ScenarioScenario #1: Sell the euro after the price reaches 1.1744 (red line on the chart). The target will be 1.1722, where I plan to exit shorts and buy in the opposite direction, aiming for a 20–25 pip rebound. Selling will gain momentum if economic data disappoints. Important: Before selling, ensure the MACD indicator is below the zero line and just starting to decline from it. Scenario #2: Another selling setup is if the price tests 1.1805 twice in a row while the MACD is in overbought territory. This will cap the upside potential and trigger a reversal downward. Targets will be 1.1774 and 1.1722. What's on the Chart:Thin green line – entry price at which the instrument can be bought. Thick green line – suggested price for taking profit or manually securing profits, as further growth above this level is unlikely. Thin red line – entry price at which the instrument can be sold. Thick red line – suggested price for taking profit or manually securing profits, as further decline below this level is unlikely. MACD indicator: When entering the market, it is important to refer to overbought and oversold areas. Important. Beginner forex traders should exercise extreme caution when making entry decisions. Before important fundamental reports, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during the release of news, always use stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit, especially if you don't use money management and trade large volumes. And remember: for successful trading, you need a clear trading plan, as I described above. Making spontaneous trading decisions based on the current market situation from moment to moment is a losing strategy for an intraday trader. The material has been provided by InstaForex Company - www.instaforex.com

On-chain data shows the Dogecoin whales have gone on a notable selling spree recently, potentially explaining the decline DOGE has seen since its $0.307 high. Dogecoin Whales Have Reduced Holdings By 680 Million Tokens In a new post on X, analyst Ali Martinez has discussed about the latest trend in the Supply Distribution of the Dogecoin whales. The “Supply Distribution” here refers to an indicator from on-chain analytics firm Santiment that tells us about the total amount of the DOGE supply that a given wallet group is holding right now. Investors or addresses are divided into these cohorts based on the number of coins that they are currently carrying. For example, a holder with 5 DOGE is put into the 1 to 10 tokens bracket. In the context of the current topic, whales are the investors of interest. These entities are typically defined as those holding between 100 million to 1 billion DOGE. At the current exchange rate, the range’s lower end converts to $26.4 million, while the upper one to $264 million. Thus, only the holders that have a substantial amount of capital invested into the memecoin would qualify for this group. As such, the behavior of the cohort in the form of its Supply Distribution trend can be worth keeping an eye on, as if nothing else, it can inform us about the sentiment among DOGE’s most influential investors. Now, here is the chart shared by Martinez that shows how the Supply Distribution of the Dogecoin whales has changed over the last few weeks: As displayed in the above graph, the Supply Distribution of this Dogecoin group has witnessed a sharp decline over the past few days, indicating that its members have participated in some net selling. In total, the DOGE whales offloaded 680 million tokens (worth around $181 million) over a four-day span during this selloff. From the chart, it’s visible that the distribution began alongside DOGE’s recovery run to the $0.307 mark. As whales have continued to sell, the memecoin’s price has plunged, currently sitting around 13% down compared to the earlier high. The trend in the indicator could now be to monitor in the coming days, as what these humongous investors do next could also have an impact on the cryptocurrency’s value. Whales of Dogecoin aren’t the only ones that have participated in distribution recently. As the analyst has pointed out in another X post, XRP has also been facing selling pressure from its big-money investors. Over the last couple of weeks, XRP whales have shed 200 million tokens from their holdings, worth a total of $605.5 million at the current price. DOGE Price At the time of writing, Dogecoin is floating around $0.264, up 1.5% over the last 24 hours.

Wall Street Shows Mixed Results US stock markets closed with mixed dynamics on Wednesday after the Federal Reserve announced a widely anticipated rate cut of 25 basis points. Despite the predictable decision, remarks from Fed Chair Jerome Powell added uncertainty to the trading session. Labor Market Concerns Overtake Inflation Risks The central bank signaled that it plans to continue easing monetary policy gradually through the end of the year. Policymakers emphasized growing weakness in the labor market, which they now view as a more pressing challenge than inflation. The Fed's forecast includes two additional quarter-point cuts in the coming months. Market Reaction Against this backdrop, the Dow Jones Industrial Average advanced by 260 points, or 0.57 percent, closing at 46,018.32. Meanwhile, the S&P 500 edged down by 0.10 percent to 6,600.35, and the tech-heavy Nasdaq fell 0.32 percent, finishing at 22,261.33. Political and Personnel Moves On Tuesday, Stephen Miran was sworn in as the new head of the Federal Reserve. At the same time, a US appeals court rejected President Donald Trump's attempt to dismiss Fed governor Lisa Cook. Nvidia Hit by Chinese Pressure Nvidia weighed on the Nasdaq after its shares slid 2.6 percent. The drop followed reports that China's internet regulator instructed major domestic tech firms to purchase all available AI chips produced by the US semiconductor giant. Investors Stir the Market Shares of Workday jumped 7.2 percent after news broke that activist hedge fund Elliott Management had acquired more than 2 billion dollars worth of stock in the human resources software provider. Lyft Surges, Uber Slides Lyft shares climbed 13.1 percent following reports that Waymo, Alphabet's self-driving unit, will launch autonomous taxis in Nashville next year in partnership with the ride-hailing company. Rival Uber, meanwhile, saw its stock drop 5 percent. Market Uncertainty After Fed's Move Global markets on Thursday showed signs of turbulence after the Federal Reserve cut interest rates for the first time this year. The central bank stressed a cautious approach to further easing, leaving investors uncertain about the pace of upcoming policy steps. Mixed Signals in Asia The MSCI index of Asia-Pacific stocks outside Japan slipped 0.1 percent, pressured by losses in Australia and New Zealand, while Chinese equities fluctuated between gains and losses. Still, some markets advanced: South Korea's benchmark rose 0.8 percent, Taiwan's gained 0.4 percent, and Japan's Nikkei 225 added 1 percent. Euro Holds Near Multi-Year High The euro traded steadily around 1.181 dollars, after briefly spiking to 1.19185 dollars — its strongest level since June 2021 — in response to the Fed's statement. China Resists Following the Fed The Chinese yuan traded around 7.103 per dollar on Thursday after the People's Bank of China chose to keep borrowing costs on seven-day reverse repos unchanged. The decision signaled a refusal to mirror the Federal Reserve's latest policy shift. Sterling Retreats The British pound slipped 0.1 percent to 1.3621 dollars, pulling back from Wednesday's brief rally to 1.3726, the highest level since early July. The Bank of England is set to announce its policy decision later on Thursday, with markets largely expecting the rate to remain at 4 percent. Fed Cut Odds Rise Sharply Traders increased their bets on another Federal Reserve rate cut in October. According to CME Group's FedWatch tool, the probability of a quarter-point reduction has risen to 87.7 percent, compared with 74.3 percent just a day earlier. Canada Moves to Lower Rates The Bank of Canada reduced its key rate by 25 basis points to 2.5 percent on Wednesday, marking the lowest level in three years and the first cut in six months. Policymakers also signaled readiness to ease further if economic risks intensify in the coming months. New Zealand Hit by Recession Fears New Zealand's S&P NZX 50 index fell 0.9 percent after data revealed a sharper-than-expected economic contraction in the second quarter. The New Zealand dollar weakened by 0.7 percent against its US counterpart. Treasuries Strengthen Again After a pullback the previous day, the US bond market regained momentum. The yield on ten-year Treasury notes eased to 4.0718 percent compared with 4.076 percent at Wednesday's close. Short-Term Yields Edge Higher Two-year Treasury yields, often viewed as a barometer of expectations for Federal Reserve policy, inched up to 3.5385 percent. The modest rise reflects traders' caution about the potential direction of interest rates. Gold Rebounds from Dip Gold prices advanced by 0.1 percent to 3662.33 dollars per ounce, recovering slightly after Wednesday's retreat that followed a fresh all-time high. Oil Prices Retreat Crude oil slipped lower, with Brent futures down 0.5 percent to 67.62 dollars a barrel. The material has been provided by InstaForex Company - www.instaforex.com

[XPD/USD] – [Thursday, September 18, 2025] The appearance of a Hidden Bearish Divergence, coupled with the two EMAs crossing with a Death Cross, indicates that Palladium has the potential to weaken against the USD today. Key Levels 1. Resistance. 2 : 1217.46 2. Resistance. 1 : 1187.50 3. Pivot : 1164.38 4. Support. 1 : 1134.42 5. Support. 2: 1111.30 Tactical Scenario Pressure Prone Zone: If the price breaks down and closes below 1134.42, there is potential for continued weakness to 1111.30. Momentum Extension Bias: If 1111.30 is successfully broken and closes below it, there is potential for continued weakness to 1081.34. Invalidation Level / Bias Revision Downside bias is maintained if the XPD/USD price suddenly strengthens and breaks through and closes above 1217.46. Technical Summary EMA(50): 1166.65 EMA(200): 1182.49 RSI(14): 52.39 + Hidden Bearish Divergence Economic News Release Agenda: The following economic data will be released from the United States tonight: US - Unemployment Claims - 19L30 WIB US - Philly Fed Manufacturing Index - 19:30 WIB US - CB Leading Index m/m - 21:00 WIB US - Natural Gas Storage - 21:30 WIB The material has been provided by InstaForex Company - www.instaforex.com

[Nasdaq 100 Index] – [Thursday, September 18, 2025] The Nasdaq 100 Index has the potential to strengthen today, as confirmed by its two EMAs intersecting in a Golden Cross, and the RSI position in the Neutral Bullish zone and exhibiting Bullish Divergence with its price movement. Key Levels 1. Resistance 2: 24483.4 2. Resistance 1: 24358.7 3. Pivot: 24173.9 4. Support 1: 24049.2 5. Support 2: 23864.4 Tactical Scenario Positive Reaction Zone: If the Nasdaq 100 index strengthens and closes above 24358.7, it has the potential to continue strengthening to 24483.4. Momentum Extension Bias: If 24483.4 is successfully broken and closes above it, there is the potential for a test of 24668.2. Invalidation Level / Bias Revision Upside bias weakens when the #NDX price weakens and closes below 23864.4. Technical Summary EMA(50): 24275.5 EMA(200): 24174.5 RSI(14): 67.34 + Bullish Divergent Economic News Release Agenda: Tonight, the following economic data will be released from the United States: US - Unemployment Claims - 19L30 WIB US - Philly Fed Manufacturing Index - 19:30 WIB US - CB Leading Index m/m - 21:00 WIB US - Natural Gas Storage - 21:30 WIB The material has been provided by InstaForex Company - www.instaforex.com

Macroeconomic Report Analysis: There are very few macroeconomic reports scheduled for Thursday, and none of them are significant. The most important reports this week have already been released in the U.K., while at the end of the week, traders will be entirely focused on the meetings of the Federal Reserve and the Bank of England. The Fed announced the results of its meeting yesterday evening, but throughout today, both currency pairs may remain under the pressure of that event. The Fed meeting will overlap with today's BoE meeting, which will undoubtedly keep the key rate unchanged, but at the same time could trigger either a rise or a decline in the pound, as the market will pay attention to the distribution of votes on the rate decision. Fundamental Events Analysis: Among Thursday's fundamental events, another speech by ECB President Christine Lagarde can be noted. Lagarde has already spoken twice this week, and in both cases, she did not touch on monetary policy at all. The European Central Bank meeting took place last week, so all the information the market needed has already been provided. The key event today is the BoE meeting. Its outcome will determine the dynamics of the British currency during the day. General Conclusions:On this penultimate trading day of the week, both currency pairs may resume upward movement, but new buy signals are required for this to happen. The euro can be traded today from the 1.1808 level, while trading the pound sterling should depend on the outcome of the BoE meeting. Until this important fundamental event, we would not recommend entering the market, as the reaction could be unpredictable—no one can know in advance what information the British central bank will provide. Key Rules for the Trading System:Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone. Stop Loss: Set a Stop Loss to breakeven after the price moves 15–20 pips in the desired direction.Key Chart Elements:Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders. Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading. MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals. Important Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals. Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success. The material has been provided by InstaForex Company - www.instaforex.com

After failing to hit a new all-time high (ATH) of $5,000 in August 2025, Ethereum (ETH) may finally be ready to breach the psychologically important price level. A decline in Binance open interest suggests that ETH is likely close to a local bottom, ready for its next leg up. Ethereum Open Interest Declines, Is Local Bottom Close? According to a CryptoQuant Quicktake post by contributor burakkesmeci, Ethereum may be nearing a local bottom. The analyst referred to the Binance ETH open interest (OI) hourly timeframe metric for their analysis. In their analysis, burakkesmeci noted that according to the Binance ETH OI metric, local bottoms have formed with an average decline of 14.9% over the past three months. On the spot market side, these corrections have typically resulted in an average 10.7% decline. The analyst said that drops in ETH OI have usually signaled spot price corrections ahead of time. For example, on August 17, the Binance ETH OI decreased from $11.4 billion to $10.2 billion, representing a 10.52% drop. Similarly, on August 20, the Binance ETH OI tumbled from $13 billion to $9.7 billion, a correction of 25.38%. The latest major tumble in Binance ETH OI was observed on September 13, when it crashed from $11.39 billion to $10.4 billion. The analyst concluded: So, we can say this: when spot price rallies are supported by the futures side, the trend progresses more healthily – just like a plane flying with two wings. In the opposite scenario, OI signals potential corrections. Binance ETH OI (measured on the highest-volume exchange, acting as a leading indicator) gives us a chance to catch local bottoms early. The analyst added that based on the recent trends, it can be speculated that the Binance ETH OI may dwindle to $9.69 billion. It also suggests that ETH is currently in the local bottom zone. However, the ETH price may fall further before it finds its local bottom. Is ETH Eyeing $6,800? Meanwhile, fellow CryptoQuant analyst, PelinayPA, noted that Fund Market Premium (FMP) has remained mostly neutral or positive between July and September 2025 – indicating renewed institutional demand. Over the same period, ETH has surged from $2,500 to $4,400. For the uninitiated, the FMP in Ethereum’s context measures the price gap between futures contracts and the spot market. Currently, with positive premiums dominating, the market is showing strong institutional support for ETH. PelinayPA added: This environment could help Ethereum maintain stability above $4.4K and potentially sustain further upside momentum. Major target $6,8K. In addition, ETH exchange reserves continue to deplete at a rapid pace. Recent analysis by another CryptoQuant contributor named Arab Chain forecasted ETH to touch $5,500 in September. That said, the current pause in ETH’s rally remains a point of concern. At press time, ETH trades at $4,491, up 0.8% in the past 24 hours.

Wednesday Trade Review:1H Chart of GBP/USD The GBP/USD pair on Wednesday showed movements similar to those of the EUR/USD pair. In the morning, the U.K. released an important inflation report, but its significance turned out to be as "bland" as other reports this week. Traders barely noticed it. Inflation in the U.K. remained at 3.8%, which will not affect today's Bank of England decision in any way. The British central bank will, without question, keep monetary policy parameters unchanged, and the main intrigue lies in how the votes of Monetary Policy Committee members will be distributed in the rate decision. Even if the BoE meeting turns out more "dovish" than expected, the pound may fall slightly, but the global uptrend will not be cancelled. At present, the dollar has accumulated so many global fundamental negatives that it could continue to decline for several more years. Donald Trump is regularly adding to this negative background for the U.S. currency. 5M Chart of GBP/USD On the 5-minute TF on Wednesday, several trading signals were formed. First, the pair either bounced from or broke through the 1.3643–1.3652 area from top to bottom, and then moved back in the opposite direction. The first signal was false, while the second could have generated profit if novice traders managed to close long positions in the 10 minutes after the Fed's announcement, during which the pair rallied sharply. How to Trade on Thursday:On the hourly TF, GBP/USD continues its uptrend, while on higher TFs it shows signs of resuming the "2025 trend." As mentioned before, we see no grounds for medium-term dollar growth, so we expect further strengthening of the British currency. In the next 24 hours, market movements may be volatile and erratic. While the price remains above the trendline, the uptrend is intact. On Thursday, the GBP/USD pair may well resume its upward advance, as the price remains above the trendline. However, for the second day in a row, the fundamental background will exert a strong influence on market sentiment. On the 5-minute TF, trading can be based on the following levels: 1.3102–1.3107, 1.3203–1.3211, 1.3259, 1.3329–1.3331, 1.3413–1.3421, 1.3466–1.3475, 1.3529–1.3543, 1.3574–1.3590, 1.3643–1.3652, 1.3682, 1.3763. On Thursday, the BoE will announce its policy decision, which could impact both the pound and the euro. From a technical standpoint, the pair's growth may resume, but a more "dovish" vote on rates could trigger another decline in the British pound. Core Trading System Rules:Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone.Stop Loss: Set a Stop Loss to breakeven after the price moves 20 pips in the desired direction.Key Chart Elements:Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders. Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading. MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals. Important Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals. Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success. The material has been provided by InstaForex Company - www.instaforex.com

Wednesday Trade Review:1H Chart of EUR/USD The EUR/USD pair traded on Wednesday fully in line with the fundamental background. For almost the entire day, market movements were ultra-weak, as traders awaited the results of the Fed meeting and Jerome Powell's press conference. All other events of the day were irrelevant, even though another set of weak U.S. reports was published — this time in the construction sector. After the Fed's decision was announced, "fireworks" began. As we warned, volatility increased, and the price moved in both directions. First, the dollar dropped 70 pips in 10 minutes, then strengthened by 100 pips over the next several hours. Today, it may well return to its starting positions around 1.1851, as the Fed delivered the most basic and widely expected scenario. That is why we always say that an event like the Fed meeting should be analyzed with conclusions drawn about a day later, once the emotional moves settle. 5M Chart of EUR/USD On the 5-minute TF on Wednesday, there was no sense in entering the market. If a good signal had formed in the first half of the day, it could have been traded, and before the Fed meeting, a Stop Loss could have been placed at breakeven. However, no good signals appeared. The only thing that beginner traders could have worked with was the consolidation below 1.1851 during the European session. How to Trade on Thursday:On the hourly timeframe, EUR/USD still has every chance to continue its uptrend despite yesterday's drop. The fundamental and macroeconomic background for the U.S. dollar remains negative, so we still do not expect the U.S. currency to strengthen. In our view, as before, the dollar can only count on technical corrections. The Fed meeting did not change the dollar's outlook in any way. On Thursday, the EUR/USD pair may resume its upward movement, since the trend remains bullish. From the 1.1808 level (if a rebound occurs), long positions may be opened with targets at 1.1851 and 1.1908. Short positions will become relevant if the price consolidates below 1.1808, with a target at 1.1737–1.1745. On the 5-minute TF, the following levels should be considered: 1.1354–1.1363, 1.1413, 1.1455–1.1474, 1.1527, 1.1571–1.1584, 1.1655–1.1666, 1.1737–1.1745, 1.1808, 1.1851, 1.1908, 1.1970–1.1988. On Thursday, another speech by Christine Lagarde is scheduled in the Eurozone, but it will have no significance for traders. In the U.S., there will be only a secondary jobless claims report. Today, all market attention will be focused on the Bank of England meeting. Core Trading System Rules:Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone.Stop Loss: Set a Stop Loss to breakeven after the price moves 15 pips in the desired direction.Key Chart Elements:Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders. Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading. MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals. Important Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals. Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success. The material has been provided by InstaForex Company - www.instaforex.com

Early in the European session, the euro is trading around 1.1813 following a technical correction after the price reached a new high around 1.1917. The euro has been trading within an upward trend channel since early August. Yesterday, during the American session, the EUR/USD pair reached the top of this channel around 1.1917. From this level, we observe a technical correction so that the instrument could continue its fall in the coming days until it reaches the 8/8 Murray support at 1.1718. If the euro finds support around the 21 SMA at 1.1798, this could be seen as an opportunity to resume long positions with targets at 1.1880 and 1.1900. Below the 21 SMA, the euro could undergo a rapid correction to reach the bottom of the uptrend channel around 1.1700. Given that the euro has reached levels of 1.1690, it is likely that the technical correction will continue in the coming days, and we could even expect a trend reversal if the price settles below 1.1690. The material has been provided by InstaForex Company - www.instaforex.com

Gold, following the release of the Fed's interest rate decision, made a strong upward move, reaching a new ATH around $3,707. From this level, gold began a technical correction and subsequently bounced within the downtrend channel. The technical correction is likely to continue in the coming days, pushing the price down to the 200 EMA around $3,634. As long as the gold price consolidates below $3,671, it will be seen as an opportunity for short positions, as the 7/8 Murray is located in this area, now acting as resistance. We could expect the price to reach $3,652, and possibly even reach the $3,640 level. Gold could find good support around $3,630. This level represents a good point for long positions, as the Eagle indicator shows oversold levels. Therefore, we could look for buying opportunities in the coming days if gold rebounds above $3,634. Conversely, if gold consolidates above $3,671, it could continue its rise until it reaches the 61.8% Fibonacci level around $3,685. The price could even reach the psychological level of $3,700. The key level to watch in the coming days is the $3,670 area. Strong bearish pressure could occur below this level. Above this level, we could expect a recovery in gold. The material has been provided by InstaForex Company - www.instaforex.com

GBP/USD The British pound reached its target — the upper boundary of the global descending price channel — and even pierced it with its upper shadow (weekly chart). Now the price may well retreat from such strong resistance. If the outcome of today's Bank of England meeting aligns with this expected pullback, a medium-term decline could develop. Here, the key level to watch is the MACD line around 1.3395. On the daily chart, the price reversed downward at the 8th Fibonacci time line. The Marlin oscillator is pointing down from the upper boundary of its range, suggesting the price may attempt to work out the nearest support at 1.3525, which the MACD line has already touched from above. On the four-hour chart, the price consolidated below 1.3631 but remains above the indicator lines. The Marlin oscillator is holding within the range, but already in negative territory, showing readiness to exit downward. The nearest target is 1.3555 along the MACD line, followed by price support at 1.3525. The pair may consolidate within the 1.3525/55 range. Since no changes in monetary policy are expected at today's Bank of England meeting, the national currency is unlikely to receive support. The material has been provided by InstaForex Company - www.instaforex.com

AUD/USD The Australian dollar fell back below 0.6668 yesterday. Today, the decline continues quite actively. Accordingly, the breakout with consolidation on the 16th turned out to be false, which signals the prospect of medium-term downside movement. Confirmation of this scenario will come if the price moves under the MACD line, located near the August 14 high at 0.6571. This would open the target at 0.6450. On the four-hour chart, the price has broken below the MACD support line. The Marlin oscillator is declining steeply. We expect the situation to develop further along the main bearish scenario. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin is trading within an uptrend channel formed on the H4 chart. Yesterday, after reaching the bottom of the uptrend channel around $114,800, it resumed its bullish cycle and is now trading around $118,000. BTC is likely to continue rising in the coming days. It could reach the 6/8 Murray at $118,750 and possibly even the top of the uptrend channel around $119,400. A good area to look for short opportunities in Bitcoin could be the 6/8 Murray at $118,750 or the top of the uptrend channel. On the other hand, if Bitcoin undergoes a technical correction and consolidates above $116,000, we could expect it to extend its rise. This would be seen as a buying opportunity, with a target at $118,750. The key level to watch for Bitcoin is the 5/8 Murray zone around $115,625. Above this zone, the Bitcoin price is expected to continue rising. But below this zone, we could expect a trend reversal or a strong technical correction, with a target at $109,375. The material has been provided by InstaForex Company - www.instaforex.com

BNB price is gaining pace above the $980 zone. The price is now showing positive signs and might aim for a move above the $1,000 handle in the near term. BNB price started a fresh increase above the $950 and $975 levels. The price is now trading above $980 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $960 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $960 level to start another increase in the near term. BNB Price Hits New ATH BNB price formed a base above the $900 level and started a fresh increase, beating Ethereum and Bitcoin. There was a steady move above the $940 and $950 levels. The bulls even cleared the $980 resistance zone. A new all-time high was formed at $995 and the price is now consolidating gains. There was a minor decline and the price tested the 23.6% Fib retracement level of the upward move from the $948 swing low to the $995 high. The price is now trading above $980 and the 100-hourly simple moving average. Besides, there is a key bullish trend line forming with support at $960 on the hourly chart of the BNB/USD pair. On the upside, the price could face resistance near the $995 level. The next resistance sits near the $1,000 level. A clear move above the $1,000 zone could send the price higher. In the stated case, BNB price could test $1,050. A close above the $1,050 resistance might set the pace for a larger move toward the $1,120 resistance. Any more gains might call for a test of the $1,150 zone in the near term. Downside Correction? If BNB fails to clear the $995 resistance, it could start another decline. Initial support on the downside is near the $980 level. The next major support is near the $970 level or the 50% Fib retracement level of the upward move from the $948 swing low to the $995 high. The main support sits at $960. If there is a downside break below the $960 support, the price could drop toward the $940 support. Any more losses could initiate a larger decline toward the $920 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $970 and $960. Major Resistance Levels – $995 and $1,000.

ThumzUp Media, a company with ties to Donald Trump Jr., has just made a major move into crypto. The company bought 7.5 million Dogecoin, making it clear that this isn’t just a casual dabble. It’s part of a growing plan to build up a digital asset treasury, and for whatever reason, Dogecoin is now at the center of it. From Likes and Shares to Memecoins This is a company that started off in the ad tech space, helping brands get more attention through social media engagement. Now, it’s buying meme coins. That shift alone tells you something about where their focus is headed. Holding millions of DOGE suggests they’re thinking long-term, not just trying to ride a short-term wave. This is a real chunk of their balance sheet being set aside for crypto. Why Dogecoin and Not Something Else? Dogecoin has always been hard to explain. It started as a joke, but somehow never went away. It’s cheap, it’s fast, and it has a loyal online army that refuses to let it die. Choosing Dogecoin over something more conventional like Bitcoin or Ethereum might seem strange, but it fits a certain kind of logic. It grabs headlines. It has personality. And it’s the kind of coin that sparks conversation, which might be exactly what ThumzUp is going for. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 This Isn’t a Safe Bet Dogecoin is fun, but it’s not stable. Its price can jump or drop based on a single tweet or a random meme. By putting this much into DOGE, ThumzUp is taking on real risk. If the coin tanks, they could lose a big chunk of value fast. But if it takes off again like it has in the past, they stand to make serious gains. Either way, this isn’t a move you make unless you’re willing to deal with the ups and downs. dogecoinPriceMarket CapDOGE$42.19B24h7d1y One-Time Flex or Long-Term Plan? Right now, it’s not totally clear whether this is the beginning of a bigger strategy or just a single headline-grabbing move. ThumzUp hasn’t said whether more crypto purchases are coming, but this buy is big enough that it doesn’t feel like a stunt. They might go deeper into DOGE, or they could start adding other coins into the mix. Or they might just sit on this and see what happens. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in September2025 Could This Influence Other Companies? It might. Most companies are still watching the crypto space from a safe distance. But when a company with public attention suddenly loads up on Dogecoin, people notice. If it pays off, others might start thinking twice about sitting on the sidelines. If it doesn’t, it becomes another cautionary tale. Either way, it adds to the growing trend of businesses experimenting with crypto in public ways. All Eyes on What Comes Next Now it’s a waiting game. Will ThumzUp start buying more? Will they treat crypto as a core part of their strategy or just a flashy asset on the books? Most of all, how will they react when Dogecoin moves, whether up or down? One thing’s for sure, this decision has put them firmly on the radar. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways ThumzUp Media, a company linked to Donald Trump Jr., has purchased 7.5 million Dogecoin as part of a larger crypto treasury strategy. The company started in ad tech but is now putting real money into DOGE, signaling a possible shift in long-term direction. Dogecoin’s mix of speed, low cost, and cultural presence makes it a high-risk, high-reward choice for a corporate treasury asset. It’s unclear if this is a one-off move or the start of a broader plan, but the size of the purchase suggests serious intent. The move could influence other companies watching the crypto space, depending on whether ThumzUp’s bet pays off or backfires. The post Trump Jr. Linked ThumzUp Media Adds 7.5 Million DOGE to Treasury appeared first on 99Bitcoins.

The SEC just made a move that could speed up how crypto ETFs get approved in the United States. Until now, getting a spot crypto ETF listed was a long process, often dragging on for months. But with the new changes, exchanges like Nasdaq, NYSE, and Cboe can follow a standard rulebook instead of starting from scratch every time. In some cases, that could cut the wait from eight months down to about two and a half. What’s Actually Changing Before this update, each crypto ETF had to go through a double approval process. The exchange had to get clearance, and the fund manager had to go through their own review. That meant lots of back and forth, uncertainty, and long delays. Now, if a fund checks all the right boxes, it can move through more quickly using preset criteria. That’s a big deal for companies trying to bring ETFs tied to other cryptocurrencies, not just Bitcoin or Ethereum. Who Benefits First Solana and XRP are the two tokens most likely to get through this new system early. There are already ETF filings based on both, and with these rules now active, they might not have to wait as long. Other tokens could follow, as long as they meet the same requirements. It’s a big shift from how things worked even just a few months ago, when every new ETF was treated like a one-off situation. DISCOVER: Best New Cryptocurrencies to Invest in 2025 What the SEC Will Be Looking For Even with the faster process, there are still rules to follow. The ETF must track a token that is actively traded and has enough volume to avoid manipulation. The exchange needs proper monitoring in place to keep an eye on suspicious activity. And the fund itself has to meet the same standards as any other financial product when it comes to reporting and operations. It’s not a free-for-all, but the road ahead is now a lot clearer. bitcoinPriceMarket CapBTC$2.32T24h7d1y Why This Matters for the Market This could be a turning point. Speeding up approvals means more ETF options on the table, which makes crypto more accessible to regular investors who prefer to stay inside traditional finance platforms. It also opens the door for more creative fund structures and potentially broader adoption. Still, there’s always the risk that a faster process could let weaker products slip through. So while the opportunity is real, so are the stakes. DISCOVER: 20+ Next Crypto to Explode in 2025 What’s Happening Right Now The rule change is already live, and exchanges are lining up to take advantage of it. There’s been no official word on which application will be first through the door, but several are already waiting in line. If the process goes smoothly, we could see new crypto ETFs hit the market much sooner than expected. What Comes Next Keep an eye on how the first batch of ETFs performs under the new system. Watch to see if the SEC adds more clarity around what qualifies. And pay attention to how investors respond. If demand is strong and the rollout goes well, this new process could become the norm. If things stumble early, regulators may take a closer look. Either way, the timeline for bringing new crypto ETFs to market just got a lot shorter. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The SEC has approved a rule change that speeds up the approval process for spot crypto ETFs on exchanges like Nasdaq, NYSE, and Cboe. The new system allows ETFs to follow preset listing standards, cutting approval time from around eight months to about two and a half. Tokens like Solana and XRP could benefit first, as they already have ETF filings that now face fewer delays. Faster approvals still come with strict conditions, including market surveillance, liquidity requirements, and operational standards. This change could help bring crypto ETFs to more investors through traditional platforms, while also raising pressure to maintain product quality. The post SEC Updates Listing Standards to Speed Up Crypto ETF Approvals appeared first on 99Bitcoins.

XRP price started a fresh increase above the $3.020 resistance. The price is now showing positive signs and might gain pace if it clears the $3.120 zone. XRP price is moving higher from the $2.980 support zone. The price is now trading above $3.020 and the 100-hourly Simple Moving Average. There was a break above a rising channel with resistance at $3.070 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if the price clears the $3.120 zone. XRP Price Attempts Fresh Increase XRP price extended losses below $3.00 before the bulls appeared, like Bitcoin and Ethereum. The price tested the $2.980 zone and recently started a recovery wave. There was a move above the $3.00 and $3.020 levels. The price climbed above the 50% Fib retracement level of the downward move from the $3.185 swing high to the $2.957 low. Besides, there was a break above a rising channel with resistance at $3.070 on the hourly chart of the XRP/USD pair. The price is now trading above $3.080 and the 100-hourly Simple Moving Average. If the bulls protect the $3.050 support, the price could attempt another increase. On the upside, the price might face resistance near the $3.10 level or the 61.8% Fib retracement level of the downward move from the $3.185 swing high to the $2.957 low. The first major resistance is near the $3.120 level. A clear move above the $3.120 resistance might send the price toward the $3.20 resistance. Any more gains might send the price toward the $3.2320 resistance. The next major hurdle for the bulls might be near $3.250. Another Decline? If XRP fails to clear the $3.120 resistance zone, it could continue to move down. Initial support on the downside is near the $3.070 level. The next major support is near the $3.040 level. If there is a downside break and a close below the $3.040 level, the price might continue to decline toward $3.00. The next major support sits near the $2.980 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $3.040 and $3.00. Major Resistance Levels – $3.120 and $3.20.

According to on-chain alerts, FalconX pulled 413,075 SOL from major exchanges over an eight-hour stretch, valued at about $98.4 million. The tokens were moved off Binance, OKX, Coinbase and Bybit into wallets linked to the brokerage, reports have disclosed. FalconX Withdrawals Raise Eyebrows Blockchain trackers flagged the transfers as significant because they happened across multiple venues in a short window. FalconX is the largest digital asset prime brokerage, the company’s website shows. Lookonchain and other analytics firms have flagged the pattern as consistent with institutional activity, where assets are moved into custody or cold storage rather than kept on exchange accounts ready for sale. Large withdrawals cut the pool of SOL sitting on exchanges. That matters because less exchange supply can tighten available coins for buyers, especially if demand holds or rises. Traders watch that metric closely. It is one of several data points that can change short-term odds for price swings. Analysts Note Caution On Attribution Based on reports, the wallets involved have been attributed to FalconX, a known institutional broker, but such labels are built from analysis of patterns, prior transfers, and public filings. What This Could Mean For Solana’s Price A withdrawal of roughly $98.4 million worth of SOL can add upward pressure if buyers keep coming. Less supply on exchanges tends to reduce immediate sell liquidity. If demand spikes, prices can react sharply. That said, price depends on many things: order book depth, macro drivers, derivatives flows and how other large holders behave. Market analysts tend to associate large exchange outflows with probable accumulation phases. For Solana, a move of this magnitude illustrates how institutional custody activity can affect views on short-term availability and supply. The scale and timing of FalconX’s activity guarantee that traders will be looking closely at order books over the next few days. Historical evidence also indicates that large withdrawals of tokens occasionally lead to heightened market activity. If transfers of this nature keep going ahead, Solana’s on-exchange liquidity profile may get tighter still, setting the stage for price to respond more rapidly to trading volume. In the meantime, attention is centered on how market demand compares to this diminished on-exchange supply. Featured image from Unsplash, chart from TradingView

EUR/USD Following yesterday's Federal Reserve meeting, the rate was cut by the expected 0.25%. However, neither FOMC members nor Jerome Powell himself showed a hawkish stance, which is why the U.S. Dollar Index strengthened by only 0.38% — a modest reaction for such an event. The dot plot indicated the intention to cut rates two more times before year-end. In his remarks, Powell even slightly downplayed the inflationary risks stemming from Trump's tariffs, while the Fed raised its PCE forecast for next year from 2.4% y/y to 2.6% y/y. Indirectly, these steps smooth out the tension in the confrontation with Trump. We allow for a scenario in which inflation picks up again before year-end, leading the Fed to refrain from cutting rates in December. Is there market support for such a scenario? Yes, and it lies in the bond market's lack of reaction to the rate cut. Yields on most U.S. Treasuries actually rose. If the rise in yields turns into a sustained trend, the Fed's rhetoric could quickly become more hawkish. On September 26, PCE price data for August will be released, which may show an increase. Yesterday's trading volume was the largest in September, though still significantly lower than on August 12 (CPI release), August 1 (Nonfarm Payrolls), and July 30 (previous Fed meeting). It seems market participants are not paying much attention to the dot plot this time. On the daily chart, the price pierced the target range at the upper boundary of the price channel with its upper shadow. The Marlin oscillator slightly declined. The market now needs fresh data to reassess the current balance. A new consolidation range may form at 1.1724–1.1919, with the lower boundary set by the MACD line. We, along with the market, will wait a few days for the situation to clarify. On the four-hour chart, the Marlin oscillator is close to shifting into negative territory. Overall, the euro is now likely to focus on finding support. The MACD lines of different scales around 1.1724/62 appear to be an appropriate area for this. The material has been provided by InstaForex Company - www.instaforex.com

Ethereum price started a fresh increase above $4,520. ETH is now showing positive signs and might attempt to clear the $4,680 resistance. Ethereum is now recovering higher above the $4,550 zone. The price is trading above $4,580 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $4,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above $4,640 and $4,700. Ethereum Price Eyes Steady Increase Ethereum price extended losses below $4,550 before the bulls appeared, like Bitcoin. ETH price tested the $4,415 zone and recently started a recovery wave. The price climbed above the $4,500 and $4,520 resistance levels. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $4,765 swing high to the $4,416 low. Besides, there was a break above a bearish trend line with resistance at $4,550 on the hourly chart of ETH/USD. Ethereum price is now trading above $4,580 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,635 level or the 61.8% Fib retracement level of the downward move from the $4,765 swing high to the $4,416 low. The next key resistance is near the $4,680 level. The first major resistance is near the $4,720 level. A clear move above the $4,720 resistance might send the price toward the $4,750 resistance. An upside break above the $4,750 hurdle might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,850 resistance zone or even $4,880 in the near term. Another Drop In ETH? If Ethereum fails to clear the $4,680 resistance, it could start a fresh decline. Initial support on the downside is near the $4,580 level. The first major support sits near the $4,535 zone. A clear move below the $4,535 support might push the price toward the $4,500 support. Any more losses might send the price toward the $4,420 region in the near term. The next key support sits at $4,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,535 Major Resistance Level – $4,680

Prominent analyst Cheeky Crypto (203,000 followers on YouTube) set out to verify a fast-spreading claim that XRP’s circulating supply could “vanish overnight,” and his conclusion is more nuanced than the headline suggests: nothing in the ledger disappears, but the amount of XRP that is truly liquid could be far smaller than most dashboards imply—small enough, in his view, to set the stage for an abrupt liquidity squeeze if demand spikes. XRP Supply Shock? The video opens with the host acknowledging his own skepticism—“I woke up to a rumor that XRP supply could vanish overnight. Sounds crazy, right?”—before committing to test the thesis rather than dismiss it. He frames the exercise as an attempt to reconcile a long-standing critique (“XRP’s supply is too large for high prices”) with a rival view taking hold among prominent community voices: that much of the supply counted as “circulating” is effectively unavailable to trade. His first step is a straightforward data check. Pulling public figures, he finds CoinMarketCap showing roughly 59.6 billion XRP as circulating, while XRPScan reports about 64.7 billion. The divergence prompts what becomes the video’s key methodological point: different sources count “circulating” differently. As he explains it, the higher on-ledger number likely includes balances that aggregators exclude or treat as restricted, most notably Ripple’s programmatic escrow. He highlights that Ripple still “holds a chunk of XRP in escrow, about 35.3 billion XRP locked up across multiple wallets, with a nominal schedule of up to 1 billion released per month and unused portions commonly re-escrowed. Those coins exist and are accounted for on-ledger, but “they aren’t actually sitting on exchanges” and are not immediately available to buyers. In his words, “for all intents and purposes, that escrow stash is effectively off of the market.” From there, the analysis moves from headline “circulating supply” to the subtler concept of effective float. Beyond escrow, he argues that large strategic holders—banks, fintechs, or other whales—may sit on material balances without supplying order books. When you strip out escrow and these non-selling stashes, he says, “the effective circulating supply… is actually way smaller than the 59 or even 64 billion figure.” He cites community estimates in the “20 or 30 billion” range for what might be truly liquid at any given moment, while emphasizing that nobody has a precise number. That effective-float framing underpins the crux of his thesis: a potential supply shock if demand accelerates faster than fresh sell-side supply appears. “Price is a dance between supply and demand,” he says; if institutional or sovereign-scale users suddenly need XRP and “the market finds that there isn’t enough XRP readily available,” order books could thin out and prices could “shoot on up, sometimes violently.” His phrase “circulating supply could collapse overnight” is presented not as a claim that tokens are destroyed or removed from the ledger, but as a market-structure scenario in which available inventory to sell dries up quickly because holders won’t part with it. How Could The XRP Supply Shock Happen? On the demand side, he anchors the hypothetical to tokenization. He points to the “very early stages of something huge in finance”—on-chain tokenization of debt, stablecoins, CBDCs and even gold—and argues the XRP Ledger aims to be “the settlement layer” for those assets.He references Ripple CTO David Schwartz’s earlier comments about an XRPL pivot toward tokenized assets and notes that an institutional research shop (Bitwise) has framed XRP as a way to play the tokenization theme. In his construction, if “trillions of dollars in value” begin settling across XRPL rails, working inventories of XRP for bridging, liquidity and settlement could rise sharply, tightening effective float. To illustrate, he offers two analogies. First, the “concert tickets” model: you think there are 100,000 tickets (100B supply), but 50,000 are held by the promoter (escrow) and 30,000 by corporate buyers (whales), leaving only 20,000 for the public; if a million people want in, prices explode. Second, a comparison to Bitcoin’s halving: while XRP has no programmatic halving, he proposes that a sudden adoption wave could function like a de facto halving of available supply—“XRP’s version of a halving could actually be the adoption event.” He also updates the narrative context that long dogged XRP. Once derided for “too much supply,” he argues the script has “totally flipped.” He cites the current cycle’s optics—“XRP is sitting above $3 with a market cap north of around $180 billion”—as evidence that raw supply counts did not cap price as tightly as critics claimed, and as a backdrop for why a scarcity narrative is gaining traction. Still, he declines to publish targets or timelines, repeatedly stressing uncertainty and risk. “I’m not a financial adviser… cryptocurrencies are highly volatile,” he reminds viewers, adding that tokenization could take off “on some other platform,” unfold more slowly than enthusiasts expect, or fail to get to “sudden shock” scale. The verdict he offers is deliberately bound. The theory that “XRP supply could vanish overnight” is imprecise on its face; the ledger will not erase coins. But after examining dashboard methodologies, escrow mechanics and the behavior of large holders, he concludes that the effective float could be meaningfully smaller than headline supply figures, and that a fast-developing tokenization use case could, under the right conditions, stress that float. “Overnight is a dramatic way to put it,” he concedes. “The change could actually be very sudden when it comes.” At press time, XRP traded at $3.0198.

Bitcoin price is moving higher above $116,500. BTC is now facing hurdles and might gain bullish momentum if it clears the $117,250 resistance zone. Bitcoin started a fresh increase above the $116,200 zone. The price is trading below $116,200 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $115,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $117,250 zone. Bitcoin Price Faces Key Hurdle Bitcoin price started a fresh upward wave above the $115,500 zone. BTC managed to climb above the $116,000 and $116,200 resistance levels. The bulls were able to push the price above $117,000. The price traded as high as $117,291 and recently started a downside correction. There was a move below the $116,800 level. The price dipped below the 50% Fib retracement level of the recent move from the $114,157 swing low to the $117,291 high. However, the bulls were active near $115,000 and the 61.8% Fib retracement level of the recent move from the $114,157 swing low to the $117,291 high. Bitcoin is now trading above $116,200 and the 100 hourly Simple moving average. Besides, there is a key bullish trend line forming with support at $115,500 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $116,950 level. The first key resistance is near the $117,250 level. The next resistance could be $117,800. A close above the $117,800 resistance might send the price further higher. In the stated case, the price could rise and test the $118,500 resistance level. Any more gains might send the price toward the $118,800 level. The next barrier for the bulls could be $119,250. Another Drop In BTC? If Bitcoin fails to rise above the $117,250 resistance zone, it could start a fresh decline. Immediate support is near the $116,200 level. The first major support is near the $115,500 level or the trend line. The next support is now near the $115,000 zone. Any more losses might send the price toward the $114,500 support in the near term. The main support sits at $112,500, below which BTC might decline heavily. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $115,500, followed by $115,000. Major Resistance Levels – $116,950 and $117,250.

On Wednesday, the GBP/USD pair traded relatively calmly until the evening. The evening events and subsequent movements will be analyzed later today, once the dust settles and traders digest all the information. For the pound, it may take another day, as the Bank of England's meeting is scheduled for today, which could also spark major market volatility. As a result, the pair may swing both ways for two consecutive days, movements that are unlikely to be considered systematic. In the EUR/USD review, we discussed the "three doves" within the Fed—Mirran, Bowman, and Waller. These three are ready to vote at FOMC meetings exactly as Trump demands, and while the Fed is not supposed to be a "rubber stamp," it risks becoming one over time. Another problem lies with Trump's tariffs. Two U.S. courts have already recognized them as illegal, but neither dared overturn them, instead passing responsibility to the Supreme Court as the final authority. The Court consists of nine justices, six of whom were appointed either by Trump or other Republican presidents. Thus, the U.S. Supreme Court could well become Trump's second "lapdog" after the Fed. In the coming months, we'll see whether this is the case. First, it must become clear whether Trump will continue trying to remove dissenting Fed officials. Second, in early November, the Supreme Court's ruling on tariffs will be revealed. If both scenarios go Trump's way, the dollar could plunge at breakneck speed. Investors in such a case would realize that democracy in the U.S. no longer exists and that laws no longer work. What use are laws if even the Supreme Court rules "at the White House's call"? How much trust can the dollar hold if the Fed dances to the tune of a president who spends more time on golf courses than in the Oval Office? How much credibility can a president have if his main goal seems to be winning the Nobel Prize while breaking laws in the process? Therefore, the rest of 2025 may turn out even worse for the dollar than its first half. On the daily chart, the uptrend will likely continue, as there are no valid reasons to think otherwise. In the short term, the dollar may rely only on technical corrections or support from isolated reports/events. The U.K. economy has been underwhelming for over a decade, and its macroeconomic data can indeed provoke GBP weakness. However, overall, the pound continues to rise simply because the dollar keeps falling. Average volatility of GBP/USD over the past five trading days is 70 pips, which is considered "average." On Thursday, September 18, we therefore expect the pair to move within the range defined by 1.3597 and 1.3737. The linear regression channel's upper band points upward, confirming a clear uptrend. The CCI indicator once again entered oversold territory, warning of trend resumption. Nearest Support Levels:S1 – 1.3611 S2 – 1.3550 S3 – 1.3489 Nearest Resistance Levels:R1 – 1.3672 R2 – 1.3733 R3 – 1.3794 Trading Recommendations:The GBP/USD pair is inclined to continue its uptrend. In the medium term, Trump's policies are likely to keep pressuring the dollar, so no sustainable growth in the U.S. currency is expected. Thus, long positions targeting 1.3733 and 1.3784 remain more relevant as long as the price holds above the moving average. If the price moves below the moving average, small shorts can be considered purely on technical grounds. From time to time, the dollar does show corrections, but trend-based strengthening requires clear signs of an end to the global trade war or other major positive factors. Chart Elements Explained:Linear regression channels help determine the current trend. If both channels point in the same direction, the trend is strong.The moving average line (settings 20,0, smoothed) indicates the short-term trend and trade direction.Murray levels serve as target levels for moves and corrections.Volatility levels (red lines) are the likely price channel for the next day, based on current volatility readings.The CCI indicator: dips below -250 (oversold) or rises above +250 (overbought) mean a trend reversal may be near.The material has been provided by InstaForex Company - www.instaforex.com

GBP/USD 5-Minute Analysis On Wednesday, the GBP/USD currency pair also continued its upward movement until late in the evening. The pound sterling continues to rise steadily and confidently, with all necessary factors supporting it. U.K. data published this week did not spoil the picture for the pound. The British economy is far from being in its best shape, but that's not the main factor for traders right now. At most, domestic reports could have triggered a minor local pullback, while the pound is capable of growing even without supportive data from the U.K. Yesterday, inflation was released and came exactly in line with forecasts. In August, headline CPI remained unchanged at 3.8%. Core inflation slowed slightly to 3.6%. Neither of these values suggests a more dovish tilt at today's Bank of England meeting. The British central bank will almost certainly leave the key rate unchanged, with the only intrigue being the voting split in the Monetary Policy Committee. The market expects no more than two members to support a rate cut under current conditions. If there are three or more, the pound could see a short-term drop. On the 5-minute TF, not a single trading signal was formed yesterday, leaving traders with no reason to enter the market—especially ahead of the Fed meeting results. COT Report COT reports on the British pound show that commercial traders' sentiment has been constantly changing in recent years. The red and blue lines (net positions of commercial and non-commercial traders) cross frequently and generally stay near zero. Right now, they're almost at the same level, which signals roughly equal amounts of long and short positions. The dollar is still falling due to Trump's policies, so market maker demand for the pound is not so important right now. The trade war will continue, one way or another, for a long time. The Fed will lower rates at least once more within the next year, so dollar demand will keep falling. The latest COT report shows "Non-commercial" closed 1,200 BUY contracts and 700 SELL contracts. So, the net position decreased by 500 contracts during the reporting week. The pound shot up in 2025, but the cause is clear—Donald Trump's policy. Once that factor is neutralized, the dollar could rally, but no one knows when that will happen. It doesn't really matter whether the net position in the pound rises or falls—the dollar's net position keeps shrinking, usually at a faster pace. GBP/USD 1-Hour Analysis On the hourly timeframe, GBP/USD is preparing for a new uptrend—and that's precisely what is happening. The fundamental and macroeconomic background remains weak for the dollar, so there's still no reason to expect medium-term growth. This week, a correction is theoretically possible, but technical signals are needed to confirm it, such as a break of the trendline. For September 18, the important levels are: 1.3125, 1.3212, 1.3369–1.3377, 1.3420, 1.3525–1.3548, 1.3615, 1.3681, 1.3763, 1.3833, 1.3886. Senkou Span B (1.3460) and Kijun-sen (1.3581) lines may also generate signals. Stop Loss should be moved to breakeven once the price goes 20 pips in the right direction. Note that Ichimoku lines may shift during the day and should be factored into signal evaluation. On Thursday, the BoE will announce its policy decision. Additionally, during the European session, traders will still be reacting to the Fed meeting and Powell's speech. Therefore, Thursday is likely to be highly volatile—unlike many recent sessions. In the U.S., the calendar contains nothing noteworthy. Trading RecommendationsWe expect that on Thursday, GBP/USD may continue or resume its rise, as nearly all factors point in this direction. However, fundamental events from Wednesday and Thursday may have a strong short-term impact on market sentiment, leading to complex, volatile movements with sharp reversals and price swings. Illustration Explanations:Support and resistance price levels – thick red lines where movement may end. They are not trading signal sources.Kijun-sen and Senkou Span B lines—These are strong Ichimoku indicator lines transferred to the hourly timeframe from the 4-hour one.Extremum levels – thin red lines where the price has previously rebounded. These act as trading signal sources.Yellow lines – trend lines, trend channels, and other technical patterns.Indicator 1 on the COT charts – the size of the net position for each category of traders.The material has been provided by InstaForex Company - www.instaforex.com