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Asia Market Wrap - Softbank Surges 11%, Nikkel Rallies 1.8% Most Read: USD/JPY: Current JPY weakness is driven by short-term sentiment as it disconnects from US-Japan yields The Japanese stock market, particularly the tech-focused Nikkei index, soared to record highs on Thursday, largely fueled by excitement over robotics and Artificial Intelligence (AI). The main driver of the rally was SoftBank Group, an index heavyweight, whose stock jumped over 11%. This surge came after the investment giant announced it had purchased the robotics business of Switzerland's ABB, reinforcing its strategy to combine robotics and AI. Although the initial announcement was overlooked, investors bought into the AI-powered robot vision on Thursday. Another robot maker, Yaskawa Electric, also saw a significant boost, rising 9.5%. These two stocks significantly contributed to the overall market increase, with SoftBank alone accounting for over half of the Nikkei's gain. Consequently, the Nikkei 225 index climbed 1.8% to close at an all-time high of 48,580.44. The broader Topix index, however, had a smaller gain of 0.7%. In contrast, the auto sector was among the worst performers, dropping 1.3%, despite the fact that a weak yen usually helps exporters like carmakers by increasing the value of their overseas profits. Toyota specifically fell by over 2%. The overall positive momentum for Japanese stocks began earlier in the week following the election of Sanae Takaichi, a proponent of economic stimulus, as the leader of the ruling party, positioning her to become the next Prime Minister. European Session - European Shares Open Lower European shares opened lower Thursday, pulled down by banks after HSBC fell hard. The bank’s plan to privatise Hong Kong’s Hang Seng Bank may mean a big shift – the deal is valuated around HK$106 billion (about $13.6 billion). The pan‑European STOXX 600 hovered near its recent high, only 0.1 % down at 573.4 points. Shares of HSBC dropped roughly 6.6 %, while the wider banking index lost about 1.2 %. Lloyds Banking Group fell 3.4 % as it appears likely to need extra cash to cover costs for motor‑finance customers. Germany’s Gerresheimer slumped 10.7 % after it cut its annual outlook – a sharp move for the packaging‑and‑medical‑gear maker. In contrast, the basic‑resources sector rose 1.4 %, tracking higher copper and iron‑ore prices. The technology index ticked up 0.4 %, led by France’s Alten, which announced it will separate the chairman and CEO roles as part of a governance overhaul. Burberry gained 2.4 % after Deutsche Bank upgraded the luxury label from “hold” to “buy”. Overall the market stayed close to its record, with mining and tech gains helping to limit the losses made by the banking‑heavy drop. On the FX front, the US dollar is continuing its rally this week, reaching a two-month high, mainly because two other major currencies, the euro and the Japanese yen are struggling. The euro has been weak following a political crisis in France, where the Prime Minister and his government resigned earlier this week. Although President Emmanuel Macron plans to quickly name a new Prime Minister, the political uncertainty has weighed on the currency. The euro dropped to 1.1609, its lowest level since late August, and is down nearly 1% for the week. The Japanese yen is also under pressure. Its weakness comes after a conservative, Sanae Takaichi, was chosen to lead Japan's ruling party, which is expected to support policies that keep interest rates low. The yen fell to 153.07 per dollar levels not seen since February and has dropped over 3.8% this week. These significant declines in the euro and the yen have made the US dollar more appealing to investors, causing the US Dollar Index to climb 0.20% to 99.038. Currency Power Balance Source: OANDA Labs Oil prices remained mostly flat on Thursday as investors tried to balance two major global events. On one hand, there was news of a ceasefire deal in Gaza, which suggested that tensions in the Middle East might calm down, potentially leading to lower oil prices. On the other hand, peace talks in Ukraine have stopped. This suggests that sanctions on Russia will likely continue, which could limit Russia's oil exports and help keep prices high. As these two factors pulled in opposite directions, the price of Brent crude rose slightly to $66.38 a barrel, and US West Texas Intermediate (WTI) crude also saw a small increase to $62.66 a barrel. For more on the OPEC + output hike and Oil prices, read OPEC + Delivers Modest Output Hike, Brent Crude Rises 1.7%. What Next for Oil Prices? Gold prices slightly dropped on Thursday after hitting a major milestone the previous day. It would appear market participants sold off some of their gold to take profits after the price soared past $4,000/oz for the first time ever on Wednesday. This record high was reached because of general economic worries, geopolitical tensions, and the expectation that the U.S. might cut interest rates again later this year. Spot gold was last trading at $4,029.86 per ounce, down a small amount after reaching its record peak of $4,059.05. Most Read: Gold (XAU/USD) Prices Up 1.5% on the Day. Is Gold's $4,000 Breakout Sustainable? Economic Calendar and Final Thoughts Looking at the economic calendar, it is a rather quiet day from a data perspective for both the US and European sessions. There is once again a host of speakers from the Federal Reserve and ECB throughout the day and that could shake some volatility. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - DAX Index From a technical standpoint, the DAX index has pulled back to the top of the channel it broke out of last week. This sets the index up for a potential 900 point rally to the upside. Given that global equities have started the week on the front foot, European equities are lagging which could bode well for the DAX if price can hold above the 24200 level in the early part of the week. The index has now broken above the 24665 July swing high with Immediate upside resistance now resting at 24750 before the 25000 psychological level comes into focus. A move to the downside will face support at 25500 and 24200 before the confluence area around 24000 comes into focus. DAX Index Daily Chart, October 9. 2025 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The crypto market is rotating once again as Binance Wallet introduces Meme Rush, a new platform designed to spotlight the next wave of meme token projects. The feature could hint at where traders are looking for the next crypto to explode, especially as activity shifts toward Binance Smart Chain (BSC) assets. Launched in collaboration with Four Meme, Meme Rush uses a Bonding Curve model to support fair, transparent token launches with real-time performance rankings. The platform allows non-custodial wallet users to directly explore and participate in trending meme coins without centralized control. Verified users receive early access to top-performing projects, which may later debut on Binance Alpha, the exchange’s experimental listing zone. The broader market is lagging, with Bitcoin .cwp-coin-chart svg path { stroke-width: 0.65 !important; } Bitcoin BTC $121,639.04 0.91% Bitcoin BTC Price $121,639.04 0.91% /24h Volume in 24h $49.75B Price 7d With Meme Rush gaining traction and early users locking in million-dollar returns, traders are already asking: could the next crypto to explode be found on Binance Wallet? 8 minutes ago Crypto Options Expiry Alert — $5.3B Set to Expire as BTC Eyes $117K Max Pain By Fatima Over $5.3 billion in crypto options are set to expire tomorrow, according to Deribit data. Bitcoin (BTC) accounts for $4.3 billion in notional value with a Put/Call ratio of 1.12 and a max pain level of $117,000. Meanwhile, Ethereum (ETH) options total $940 million, showing a Put/Call ratio of 0.9 and a max pain price of $4,430. BTC traders are split between $110K puts and $120K calls, signaling indecision near key levels. In contrast, ETH positioning appears more bullish, suggesting traders expect a potential rebound once expiry volatility clears. The post [LIVE] Crypto News Today, October 9 – Bitcoin Price USD Steady, Ethereum Slips, Binance Meme Rush Ignites Search for Next Crypto to Explode appeared first on 99Bitcoins.

XRP has been declining over the past few days, making a retest of this Descending Triangle’s lower boundary possible, according to an analyst. XRP Has Been Moving Inside A Descending Triangle Recently In a new post on X, analyst Ali Martinez has talked about where XRP may be heading next, based on a Descending Triangle. This technical analysis (TA) pattern forms when an asset’s price witnesses consolidation between two converging trendlines. The main feature of the pattern is that its lower trendline is parallel to the time-axis. This level acts as a support boundary, while the upper level, which is slopped downward, provides resistance to the price. Thus, as the asset trades inside a Descending Triangle, its range shrinks to a downside. A break out of either of the trendlines can imply a continuation of trend in that direction. This means that a surge above the triangle can be a bullish signal, while a decline under it a bearish one. Like the Descending Triangle, there is also the Ascending Triangle in TA, which works similarly, except for the fact that the orientation of the trendlines is flipped; the upper line is the one parallel to the time-axis instead. Now, here is the chart shared by the analyst that shows the Descending Triangle that the 1-day price of XRP has been stuck inside for the last few months: As displayed in the above graph, XRP made a retest of the Descending Triangle’s upper trendline earlier in the month, but it was unable to break past the resistance. The coin has since been on the way down and has traveled roughly halfway through the distance between the trendlines. “It looks like XRP is heading for a retest of the triangle’s bottom at $2.72,” notes Martinez. From the current exchange rate of the asset, a fall to this target would imply a loss of almost 7%. From the chart, another development related to the cryptocurrency is also visible: its price is slowly inching toward the apex of the triangle. Generally, breakouts become more likely to occur the closer the asset gets to the end of the channel. This is because the range gets progressively tighter over the course of a triangle. Thus, the next retest of either trendline could be interesting, as it may pave the way to a breakout. It only remains to be seen, though, which level XRP will retest next. XRP Price At the time of writing, XRP is floating around $0.292, down 3% over the last seven days.

Yesterday, US stock indices closed with sharp gains. The S&P 500 rose by 0.58%, while the Nasdaq 100 jumped by 1.12%. The industrial Dow Jones added 0.01%. Equities continued their bullish run as renewed buying of AI-related companies spurred stock gains in Asia. The MSCI World Index climbed for the ninth time in 10 sessions, while Asian equities added 0.4%, led primarily by technology companies such as SoftBank Group Corp. HSBC Holdings Plc shares fell on news that the company plans to privatize one of its banking subsidiaries, while mainland Chinese stocks surged by 1.6% as markets reopened after a break. US equity futures remained unchanged. Gold retreated from its record high, yet remained above $4,000 as traders took some profits following the explosive rally and a pullback in safe-haven demand. Copper approached a record. Oil prices fluctuated after US President Donald Trump announced that Israel and Hamas had signed the first stage of a peace plan. The rise in Asian equities followed the latest record closures on US indices. Traders, disregarding concerns about a potential bubble in large technology firms, focused on corporate resilience and the resumption of Federal Reserve interest rate cuts. This positive momentum from overseas markets, where the S&P 500 and Nasdaq reached fresh all-time highs, quickly spilled over into the Asian session. Expectations of additional Fed rate cuts by year-end are fueling risk appetite, particularly against the backdrop of global disinflation. According to the Amundi Investment Institute, investors seem to be focusing on earnings given the uneven expectations and stretched valuations. In other market segments, the yen weakened, reaching its lowest level against the dollar since February. The US dollar index declined for the first time in four sessions after recent gains. In geopolitical news, Trump announced that Israel and Hamas have agreed on the terms for releasing all hostages held by the Palestinian militant group in the Gaza Strip, marking a major breakthrough in negotiations brokered by the US and Qatar aimed at ending the two-year war. If the agreement is finalized, it will represent a significant step toward resolving the conflict that erupted after Hamas attacked Israel on October 7, 2023, plunging the Middle East into crisis. In European news, French President Emmanuel Macron stated that he will name a new prime minister by Friday evening, thus avoiding for now the need to call snap elections that could have deepened political chaos in France. As for the technical analysis of the S&P 500, the main objective for buyers today will be to break through the nearest resistance level of $6,756. This would help facilitate a further rally and open the possibility for a move to the next level of $6,769. No less important for bulls will be maintaining control over $6,784, which would strengthen buyer positioning. In the event of a downward move amid weakening risk appetite, buyers must step in around $6,743. A break below this level would quickly send the instrument back to $6,727 and open the way to $6,711. The material has been provided by InstaForex Company - www.instaforex.com

We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week.Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp market fluctuations due to increased volatility. If you decide to trade during the news release, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. For successful trading, you need to have a clear trading plan and stay focues and disciplined. Spontaneous trading decision based on the current market situation is an inherently losing strategy for a scalper or daytrader. #instaforex #analysis #sebastianseliga The material has been provided by InstaForex Company - www.instaforex.com

As Bitcoin (BTC) takes a brief breather after creating a new all-time high (ATH) above $125,000, on-chain data shows that three key indicators played a major role in the digital asset’s latest rally to new highs. These Three Indicators Suggest More Room For Bitcoin According to a CryptoQuant Quicktake post by contributor Arab Chain, fresh data from Binance suggests that BTC is witnessing one of its most significant buying phases since mid-year. Notably, BTC’s price has surged from around $117,000 to $124,000 since the beginning of October. Arab Chain emphasized three key indicators that suggest the return of whales into the Bitcoin market. First, the net buying pressure (vol_delta) surged past $500 million on some days, indicating that buying pressure outweighed selling pressure from this amount. Similarly, the imbalance ratio (imbalance_pct) recently hit a high of 0.23, suggesting that BTC buy orders on Binance were roughly 23% higher than sell orders. Higher buy orders than sell orders usually indicate strong demand and potential upward pressure on the asset’s price. Finally, the Z-score recorded a value of 0.79, reflecting above-average buying activity. For the uninitiated, a Z-score measures how many standard deviations a data point is from the mean. The CryptoQuant analyst remarked that these indicators confirm that institutional buyers and whales have returned to the Bitcoin market in force. Arab Chain added: This activity coincides with a clear increase in daily trading volumes, which have reached their highest levels since last July, suggesting that the rally is being supported by real liquidity rather than temporary speculation. Recent trading sessions have shown a few of these indicators – especially vol_delta – slightly declining in value, and temporarily moving to negative territory. That said, the broader indicators still favor a continued upward trend for the top cryptocurrency. Notably, the average daily volatility has remained low, confirming strong market confidence and stable demand. This is in stark contrast to the market behavior shown in September, when BTC was struggling in the $100,000 range. To conclude, both technical and behavioral indicators support BTC’s continued rise to $125,000 – $130,000 in the near term. Unless a strong wave of sell-off emerges, any price correction should be viewed as an opportunity to accumulate BTC, Arab Chain noted. What’s Next For BTC? While it is typically a challenge to predict BTC’s future, some analysts are not shying away from giving predictions about the flagship digital asset’s upcoming price trajectory. For instance, BTC’s pricing bands suggest a move toward $140,000 is likely. Similarly, rapidly dwindling BTC reserves on crypto exchanges may propel the cryptocurrency’s price to even greater highs, potentially to $150,000 and beyond. At press time, BTC trades at $122,373, up 0.3% in the past 24 hours.

In the high-octane crypto arena of 2025, Four Meme Crypto has broken records. Over a recent 24-hour period, the launchpad registered nearly $ 1Bn in trading volume and a cumulative volume of $ 2.6Bn. Handled 35,700+ new token launches, and pulled in $1.47M in revenue, all while outpacing legacy rivals like Pump.fun. Its native token FORM spiked over 326% in short timeframes, riding the hype wave on BNB Smart Chain. Meanwhile, perpetual DEXes like Aster and Hyperliquid continue to dominate leveraged trading, with monthly volumes in the trillions. This clash between coin launchers and perp platforms is reshaping how traders allocate liquidity in the crypto market. Also, it raises a provocative question: which model will win the narrative (and capital) next? Market Cap 24h 7d 30d 1y All Time What Makes Four Meme the BNB Chain’s Meme Powerhouse? Launched in late 2024, Four Meme was built to be BNB Chain’s answer to Solana’s Pump.fun, but faster, cheaper, and fairer. The platform enables no-code token creation, allowing users to design and deploy meme coins within minutes by uploading images and choosing names, symbols, and descriptions. Once the token hits a predefined bonding curve threshold (typically around $69K market cap), liquidity is automatically added to PancakeSwap, ensuring instant tradability. (Source – four.meme) Its success is built on accessibility. Creator’s fees are just 0.5-1%, and unlike traditional launches, there are no presales or team allocations, making it a truly fair-launch ecosystem. The result? A community-led surge in open launches, meme experimentation, and viral liquidity cycles. Partnerships with Houdini Swap for cross-chain privacy and potential integrations with Aster DEX have further cemented its dominance. Meanwhile, its rebranded FORM token (formerly BinaryX’s) captures platform revenue through buybacks and burns, fueling massive speculation and investor interest. With over 400,000 tokens launched and 2M cumulative users, Four Meme has positioned itself as the beating heart of BNB’s meme explosion. DISCOVER: 16+ New and Upcoming Binance Listings in 2025 Can Meme Launchpads Outperform Perpetual DEX Giants? While Four Meme breaks retail records, perpetual DEXes like Aster, Hyperliquid, and Lighter remain the giants of on-chain volume. In September 2025, perp DEXes collectively hit $1,43Tr in trading activity, with Aster alone processing $670Bn. These platforms cater to leverage traders, offering up to 500x exposure and sophisticated tools that generate billions in fee revenue monthly. Their dominance has made them a critical infrastructure for crypto’s speculative engine. (Source – theblock) Yet, coin launchers like Four Meme have sparked a new kind of frenzy, one powered by virality rather than leverage. In the past month, Four Meme’s ecosystem has outpaced Solana’s Pump.fun in token creation and revenue, logging over $803M in one day for FORM-related traders. This surge represents more than meme hype; it’s a cultural phenomenon where anyone can launch, buy, or abandon a coin in minutes. Cumulative DEX volume exceeds $2.6Bn at this point, and it shows no sign of slowing down. (Source – defillama) Still, both models face distinct challenges. Launchpads fight rug risk and short token lifespans, while perps must handle liquidation cascades and regulatory pressure. But together, they are rewriting how liquidity moves, with perps capturing institutional flow and meme launchers harvesting retail excitement. DISCOVER: 10+ Next Crypto to 100X In 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Four Meme reached cumulative DEX volume of $2.6Bn. Who is going to win Coin Launchers or Perpetual DEXes? The post Four Meme Records 2.6 Billion Dex Volume: Battle of Perpetual Dexes Against Coin Launchers appeared first on 99Bitcoins.

Trade Breakdown and Strategy for the Japanese YenA test of the 152.71 level occurred just as the MACD indicator began moving downward from the zero line, confirming a valid sell entry. This strategy resulted in a decline of more than 25 pips in the pair. It is expected that the Federal Reserve will continue its rate-cutting path as early as October, as clearly indicated by yesterday's FOMC meeting minutes, which put some minor pressure on the U.S. dollar. However, this did little to disrupt the bullish trend that USD/JPY has demonstrated since the start of the week. Today's equipment orders data from Japan offered only brief support to the yen. While the growth suggests a gradual recovery in Japan's industrial sector following recent shocks, it has failed to significantly influence the forex market. The yen, trading at 152.75 against the U.S. dollar by the close of the Tokyo session, showed only a short-lived spike in strength, quickly giving way to global and political pressures that continue to support the dollar. For intraday trading, I will mainly rely on implementing Buy and Sell Scenarios No. 1 and No. 2. Buy ScenariosScenario 1: I plan to buy USD/JPY today at the entry level, around 152.75 (indicated by the thin green line on the chart), targeting an upside move to 153.29 (indicated by the thick green line). At the 153.29 level, I will exit long positions and open shorts on a reversal down, with an expected movement of 30–35 pips in the opposite direction. It's generally better to re-enter long positions on corrections and notable pullbacks in USD/JPY. Important: Before buying, ensure the MACD indicator is above the zero line and is just starting to move upward. Scenario 2: I will also consider buying if the pair tests the 152.44 level twice while the MACD is in the oversold zone. This would limit the pair's downside and could lead to a bullish reversal. Targets in this case would be 152.75 and 153.29. Sell ScenariosScenario 1: I plan to sell USD/JPY only if the price breaks below 152.44 (thin red line on the chart), which could trigger a sharp decline. The key target for sellers will be 152.02 (thick red line), at which point I will exit short positions and consider reversing into long trades for a bounce worth 20–25 pips. Important: Before selling, confirm that the MACD indicator is below the zero line and just beginning to move lower. Scenario 2: I will also sell the pair if it tests the 152.75 level twice and the MACD is in the overbought zone. This would cap the upside momentum and suggest a reversal toward 152.44 and possibly 152.02. Chart Legend:Thin green line – entry price to consider long positionsThick green line – projected Take Profit level or area to manually exit longs, as further growth is unlikely above this levelThin red line – entry price to consider short positionsThick red line – projected Take Profit level or area to manually exit shorts, as further decline is unlikely below this levelMACD Indicator – use overbought and oversold zones to time entries properlyImportant Notes for Beginner Traders:If you're new to the Forex market, approach all trades with caution. It's best to stay out of the market ahead of major economic reports to avoid getting caught in news-driven volatility. If you do choose to trade during such events, always use stop-loss orders to limit potential losses. Trading without stop-loss protection can quickly lead to the full loss of your capital, especially when trading with large position sizes and no money management strategy. And remember: successful trading always starts with a clear and well-defined plan — such as the one outlined above. Making spontaneous trading decisions based on short-term price action is a losing approach for intraday traders. The material has been provided by InstaForex Company - www.instaforex.com

Trade Breakdown and Strategy for the British PoundA test of the 1.3436 level occurred when the MACD indicator had already moved significantly above the zero line, which limited the pair's upward potential. A second test of the same level while the MACD was in the overbought zone triggered Sell Scenario No. 2 and resulted in a sharp GBP sell-off of more than 50 pips. U.S. economic data continues to point to a slowdown in growth while inflation remains above the Fed's 2% target. Despite this, the Federal Reserve appears committed to supporting the economy, as noted in yesterday's FOMC meeting minutes. This outlook pressured the dollar, giving the pound a small opportunity to regain some ground by the end of the day. This morning, aside from the speech by Bank of England Monetary Policy Committee (MPC) member Catherine L. Mann, no other economic data is scheduled for the UK. That doesn't mean British financial markets will be without dynamics — on the contrary, analysts will be watching Mann's comments closely for clues about the BoE's future monetary steps. Particular attention will be paid to her views on the current state of the UK economy, inflation forecasts, and the labor market. Her tone may shed light on internal BoE debates over how to balance economic stimulus and inflation control. In times of macro instability, her assessment of threats and opportunities for the British economy could significantly influence investor sentiment and expectations for the central bank's next move. For the intraday trading strategy, I will focus primarily on implementing Buy and Sell Scenarios No. 1 and No. 2. Buy ScenariosScenario 1: I plan to buy the pound today at the entry point, around 1.3418 (the thin green line on the chart), targeting a move up to 1.3454 (the thick green line). At 1.3454, I will exit longs and open short positions on a pullback, aiming for a 30–35 pip reversal. This trade setup depends on a hawkish tone from Mann during her speech. Important: Before buying, confirm that the MACD indicator is above the zero line and just beginning to rise. Scenario 2: I will also consider buying GBP if the 1.3399 level is tested twice with the MACD in the oversold zone. This should limit the pair's downside potential and trigger a reversal upward. In this case, I will be looking for the price to reach the opposite key resistance levels at 1.3418 and 1.3454. Sell ScenariosScenario 1: I plan to sell the pound after a breakout below 1.3399 (thin red line on the chart), which should result in a swift bearish move. The key target for sellers is 1.3362 (thick red line), where I will exit short positions and consider reversing long for a 20–25 pip bounce. GBP sellers are expected to capitalize on any opportunity. Important: Before selling, confirm that the MACD indicator is below the zero line and starting to move lower. Scenario 2: I will also sell GBP if the price tests the 1.3418 area twice while the MACD is in the overbought zone. This will cap the upside momentum and could lead to a reversal back down toward 1.3399 and 1.3362. Chart Legend:Thin green line – entry price to consider long positionsThick green line – projected Take Profit level or area to manually exit longs, as further growth is unlikely above this levelThin red line – entry price to consider short positionsThick red line – projected Take Profit level or area to manually exit shorts, as further decline is unlikely below this levelMACD Indicator – use overbought and oversold zones to time entries properlyImportant Notes for Beginner Traders:If you're new to the Forex market, approach all trades with caution. It's best to stay out of the market ahead of major economic reports to avoid getting caught in news-driven volatility. If you do choose to trade during such events, always use stop-loss orders to limit potential losses. Trading without stop-loss protection can quickly lead to the full loss of your capital, especially when trading with large position sizes and no money management strategy. And remember: successful trading always starts with a clear and well-defined plan — such as the one outlined above. Making spontaneous trading decisions based on short-term price action is a losing approach for intraday traders. The material has been provided by InstaForex Company - www.instaforex.com

Trade Breakdown and Strategy for the EuroOn Wednesday, a test of the 1.1636 level occurred when the MACD indicator had already moved significantly above the zero line, limiting the euro's upside potential. For that reason, I didn't open a buy position. A second test of the 1.1635 level occurred while the MACD was in the overbought zone, triggering Sell Scenario No. 2 and resulting in a 30-pip drop in the pair. The Federal Reserve appears likely to continue its path of rate cuts through the end of the year. This was confirmed in yesterday's FOMC meeting minutes from September. However, the minutes also revealed concerns among several committee members who doubted the necessity of further monetary easing, citing fears of rising inflationary pressure in the U.S. economy. Conversely, other members are more focused on the risks of an economic slowdown, citing weak growth, trade tensions, and other headwinds that could potentially pull down U.S. activity. Today, in the first half of the European session, Germany's trade balance report will be released, along with the European Central Bank's monetary policy minutes. Without question, traders will closely examine Germany's trade figures to assess the current state of the eurozone's largest economy. However, the European Central Bank minutes will be far more significant, as they could offer insights into the logic and motivations behind the bank's latest decisions. It's worth noting that the ECB left interest rates unchanged in its last meeting. Therefore, analysts and market participants will look for clues on future rate moves. A dovish tone could weigh heavily on the euro. When it comes to intraday strategy, I will focus mainly on executing Buy and Sell Scenarios No. 1 and No. 2. Buy ScenariosScenario 1: I will buy the euro at 1.1651 (the thin green line on the chart), targeting a rise to 1.1679 (the thick green line). I plan to exit long positions at 1.1679 and then open short positions on the rebound, aiming for a 30–35 pip correction. Important: Before buying, ensure the MACD indicator is above the zero line and just starting to rise from it. Scenario 2: I will also consider buying the euro if the price tests the 1.1633 level twice in a row while the MACD is in the oversold zone. This will likely limit the pair's downside potential and trigger a bullish reversal. Targets in this case remain 1.1651 and 1.1679. Sell ScenariosScenario 1: I will sell the euro at 1.1633 (the thin red line on the chart), targeting a decline to 1.1604 (the thick red line). At this point, I plan to exit the short trade and go long on a bounce back — aiming for a 20–25 pip move in the opposite direction. Important: Before selling, ensure the MACD is below the zero line and just starting to decline from it. Scenario 2: I will also look to sell the euro if it tests the 1.1651 level twice in a row with the MACD in the overbought zone. This will constrain the pair's bullish potential and should trigger a reversal toward 1.1633 and 1.1604. Chart Legend:Thin green line – entry price to consider long positionsThick green line – projected Take Profit level or area to manually exit longs, as further growth is unlikely above this levelThin red line – entry price to consider short positionsThick red line – projected Take Profit level or area to manually exit shorts, as further decline is unlikely below this levelMACD Indicator – use overbought and oversold zones to time entries properlyImportant Notes for Beginner Traders:If you're new to the Forex market, approach all trades with caution. It's best to stay out of the market ahead of major economic reports to avoid getting caught in news-driven volatility. If you do choose to trade during such events, always use stop-loss orders to limit potential losses. Trading without stop-loss protection can quickly lead to the full loss of your capital, especially when trading with large position sizes and no money management strategy. And remember: successful trading always starts with a clear and well-defined plan — such as the one outlined above. Making spontaneous trading decisions based on short-term price action is a losing approach for intraday traders. Stick to the rules. The material has been provided by InstaForex Company - www.instaforex.com

Is the S&P 500 in bubble territory? Or is the U.S. stock market simply so strong that the only viable strategy is to buy every dip? Investors overwhelmingly back the latter view — their persistent buying is powering the S&P 500 to its 33rd record high of the year. Cutting through the noise of government shutdown fears, two major themes continue to dominate: artificial intelligence and Federal Reserve monetary easing. It's been six months since the S&P 500 bottomed and began its steady climb. The index has gained 35% in that time — a feat that has only happened five times since 1950. Historically, when the index hits a record in September, it has risen an average of 4.8% in the fourth quarter. Investors are all-in on this historical pattern repeating and are exhibiting near-maniacal persistence in buying the dips. Fear of missing out (FOMO) is so strong in the U.S. equity market that few are paying attention to its relative underperformance compared to emerging markets or Asian exchanges. European equities looked like standouts in the first half of the year, but ultimately, North America regained the upper hand over the long term. Dynamics of Global Stock Indexes Regardless of ongoing commentary about stretched valuations or the need to diversify into non-U.S. assets, few are willing to abandon the world's deepest and most liquid market. Investors are well aware of the significance of the AI theme and are willing to stay invested while waiting for tangible earnings to materialize. Case in point: Oracle's razor-thin profits didn't spark a meaningful pullback in the S&P 500. In fact, the company's stock rose after NVIDIA commented that Oracle's AI rival could generate impressive revenue in the foreseeable future. Despite this steady march upward, the S&P 500 has not experienced a daily move greater than 1% — in either direction — for 31 consecutive trading sessions. That marks the longest streak of its kind since the COVID-19 pandemic. This low-volatility rally reflects a market in which uncertainty around AI technology, an extended government shutdown, and a lack of fresh economic data elevate the importance of events like Fed speeches or FOMC minutes. At the latest meeting, Federal Reserve officials reaffirmed their readiness to continue cutting interest rates in response to mounting risks in the labor market. Some believe the shutdown may force the Fed to "fly blind" — cutting rates without critical supporting data. Historical evidence from past U.S. government shutdowns indicates slowed GDP growth and increased job losses. In my view, the U.S. stock market will continue its upward trajectory, finding fresh bullish catalysts along the way. That could include a resolution to the shutdown, a nearing Fed rate cut, or positive ripple effects from Donald Trump's sweeping tax reform legislation. Technical PictureTechnically, on the S&P 500 daily chart, the rally persists toward previously stated targets at 6800 and 6920. It makes sense to remain in the buyers' camp. The trend remains intact, and until clear signs of exhaustion emerge, dips continue to be buying opportunities in what remains one of the world's most resilient bull markets. The material has been provided by InstaForex Company - www.instaforex.com

The cryptocurrency landscape is witnessing a remarkable shift, with the BNB price emerging as a standout performer among the top ten cryptocurrencies by market capitalization. Over the past week, Binance Coin has surged by 30%, propelling its price to a new all-time high just shy of $1,350. This latest rally translates to a major 600% increase from its last bear market lows. Binance Coin Becomes Third-Largest Cryptocurrency The recent momentum has been particularly noteworthy, as the BNB price eyes to turn the $1,300 mark as its new support for further upside movements, retracing only 2% from its peak after its record-breaking rally on Tuesday. This minimal pullback signals a lack of sustained selling pressure and suggests that further upside potential remains on the horizon. If this trend continues, analysts are eyeing new price targets for BNB. The uptrend has also witnessed BNB surpass both XRP and Tether’s USDT, reclaiming its status as the third-largest cryptocurrency, trailing only behind Ethereum (ETH) and Bitcoin (BTC). This has been in part, attributed to CEA Industries Inc., which recently announced it has acquired over $600 million worth of BNB, holding 480,000 tokens at an average cost of $860 each. CEA’s ambition to become a major player in the BNB ecosystem, is also highlighted on its roadmap with plans to own 1% of the total Binance Coin supply by the end of the year. David Namdar, CEO of CEA Industries, commented on the recent surge, stating, “BNB’s all-time highs are a clear validation that the global markets are waking up to the inherent value, credibility, scale, and utility of both the asset and underlying ecosystem.” The company’s CEO further emphasized that Binance Coin should be viewed not merely as a token, but as a central component of a “highly integrated network.” BNB Price Eyes Fibonacci Targets Of $1,486 And $1,983 Market expert Lark Davis has also added to the growing bullish sentiment surrounding the cryptocurrency’s rally on social media site X (formerly Twitter), noting that BNB is now firmly in price discovery mode, which could lead to further significant gains as the anticipated demand continues to grow. According to the expert’s analysis, the next major Fibonacci targets for the BNB price are set at $1,486 for the 2.618 level and $1,983 for the 3.618 level, indicating a strong possibility for continued upward momentum. This implies that if this scenario plays out, the coming days of months could see additional increases for the BNB price of 14% and a major 52% in the case of breaching $1,900. Featured image from DALL-E, chart from TradingView.com

Bitcoin recently tested the $124,000 level before quickly pulling back. Selling pressure was observed during the Asian trading session, which drove the leading cryptocurrency back to the $121,500 area, where buyers once again became active. However, how long they can maintain this level of support remains uncertain. According to recent data, inflows into spot Bitcoin ETFs have slowed but not reversed, supporting the broader market as Bitcoin trades near its historical highs. This stable, albeit moderate, stream of capital reflects continued interest from institutional investors, despite market volatility and rumors of a deeper correction. In the context of global economic uncertainty, where a lack of fresh macroeconomic data constrains the U.S. Federal Reserve, Bitcoin ETFs are increasingly perceived as a hedging tool. Large firms, such as BlackRock and Fidelity, report increases in their assets under management related to crypto products. A recent report from Glassnode notes that more than 99% of all Bitcoin addresses are currently in profit. This remarkable statistic, recorded near the top of the market cycle, underscores Bitcoin's strength as an asset resilient to short-term shocks. Within the context of record-high prices, this imbalance signals a shift from panic selling to long-term holding strategies — a behavior typical of an increasingly mature market. Regarding intraday strategies in the cryptocurrency market, I will continue to capitalize on significant dips in Bitcoin and Ethereum, anticipating the continuation of the medium-term bullish trend, which remains intact. Below are the short-term trading plans with clearly defined buy and sell scenarios. Bitcoin Buy Scenarios Scenario 1: I plan to buy Bitcoin today at the entry level around $122,300, targeting an upward move to $123,000. At that level, I will exit the long position and open a short on a potential pullback. Before executing the breakout trade, I will ensure that the 50-day moving average is positioned below the current price and that the Awesome Oscillator is above the zero line. Scenario 2: I will consider buying from the lower boundary at $121,700 if there is no strong market reaction confirming a breakdown. The upward targets in this case remain $122,300 and $123,000. Sell Scenarios Scenario 1: I plan to sell Bitcoin today at the entry level around $121,700, targeting a move down to $120,900. At that point, I will exit the short position and reverse into a long trade on a bounce. Before placing a breakout sell trade, I will confirm that the 50-day moving average is above the current price and the Awesome Oscillator is below zero. Scenario 2: I will also consider selling from the upper boundary at $122,300 if there is no sustained breakout. In that case, the downside targets are $121,800 and $120,900. Ethereum Buy Scenarios Scenario 1: I plan to buy Ethereum today at the entry level of $4,461 with a target of $4,551. I will exit the long position at $4,551 and sell on a pullback. As with Bitcoin, I will first check that the 50-day moving average is beneath the entry price and that the Awesome Oscillator is in positive territory. Scenario 2: I will buy from the lower boundary at $4,421 if the market shows no strong reaction to a breakdown. The targets in this case remain $4,461 and $4,551. Sell Scenarios Scenario 1: I intend to sell Ethereum at $4,421 with a downside target of $4,353. Upon reaching this level, I will close the short and take a long position on the rebound. Before trading on a breakout, I will ensure that the 50-day moving average is above the current price and that the Awesome Oscillator shows a negative reading. Scenario 2: I will also consider selling from the upper boundary at $4,461 if the market fails to break above this resistance. Downward targets would then be $4,421 and $4,353. The material has been provided by InstaForex Company - www.instaforex.com

The U.S. dollar slightly retreated in the second half of the previous day. The Federal Reserve appears to be leaning toward further interest rate cuts this year, but whether a rate cut will happen at the October meeting remains uncertain. Economic data continues to point to difficulties in growth across several sectors, while inflation remains above the Federal Reserve's 2% target. This creates pressure on the central bank to take action to stimulate the economy. Cutting interest rates is one of the Fed's most commonly used tools for that purpose. Lower rates make it easier for businesses and individuals to borrow, which should encourage higher spending and investment. On the other hand, the Fed has reasons to proceed cautiously. As many policymakers noted in the latest FOMC minutes, overly aggressive rate cuts could lead to another surge in inflation. What's on the Agenda Today?In the first half of Thursday, Germany is expected to publish its trade balance data (exports and imports). Additionally, the European Central Bank will release the minutes of its most recent monetary policy meeting. Traders will carefully review Germany's trade data to assess the health of the eurozone's largest economy, which has shown signs of weakness in recent months. A strong and consistent trade surplus is typically viewed as a sign of economic strength, indicating high export potential and competitiveness; however, achieving this may be challenging under current pressures from U.S. tariffs. Meanwhile, the ECB's meeting minutes will provide deeper insight into the rationale behind recent policy decisions. Investors and analysts will be looking for clues about the likely future path of interest rates. As for the British pound, the only notable event today is a speech from Bank of England Monetary Policy Committee member Catherine L. Mann. Her comments will be closely analyzed for hints about the Bank of England's outlook for interest rates and overall monetary policy. Particular focus will be on her assessment of the UK's inflation outlook, labor market conditions, and broader economic prospects. If key data and speeches are broadly in line with economists' expectations, the Mean Reversion strategy is better suited. If there is a significant deviation from expectations, consider using a Momentum (breakout) strategy. Momentum Strategy (Breakout-Based):EUR/USDBuy on breakout of 1.1646 with potential targets at 1.1681 and 1.1715 Sell on breakout of 1.1621 with potential targets at 1.1600 and 1.1570 GBP/USDBuy on breakout of 1.3410 with potential targets at 1.3430 and 1.3460 Sell on breakout of 1.3395 with potential targets at 1.3370 and 1.3325 USD/JPYBuy on breakout of 152.80 with potential targets at 153.20 and 153.60 Sell on a breakout of 152.60 with potential targets at 152.30 and 152.00 Mean Reversion Strategy (Reversal-Based): EUR/USDSell after a failed breakout above 1.1655, followed by a return below Buy after a failed breakout below 1.1635, followed by a return above GBP/USDSell after a failed breakout above 1.3424, followed by a return below Buy after a failed breakout below 1.3400, followed by a return above AUD/USDSell after a failed breakout above 0.6618, followed by a return below Buy after a failed breakout below 0.6587, followed by a return above USD/CADSell after a failed breakout above 1.3950, followed by a return below Buy after a failed breakout below 1.3925, followed by a return above The material has been provided by InstaForex Company - www.instaforex.com

Key takeaways The Japanese yen has weakened sharply, losing 3.7% against the USD as markets priced in pro-stimulus expectations from new LDP leader Sanae Takaichi, fuelling the “Takaichi Trade.”Despite short-term JPY weakness, Japan’s consumer confidence continues to improve, supporting the Bank of Japan’s (BoJ) gradual rate hike stance.The BoJ’s policy rate curve remains upward trending, signalling gradual monetary tightening into 2026.The US–Japan 10-year yield spread has broken (intraday) below key support at 2.47%, a potential signal for medium-term USD/JPY weakness ahead. In the past three sessions since Monday, 6 October 2025, the Japanese yen has weakened significantly as it shed -3.7% against the US dollar at the time of writing to print an intraday high of 153.00 on Wednesday, 8 October 2025 after the weekend election of fiscal and monetary dove Sanae Takaichi as the leader of the LDP ruling party in Japan and is likely to become Japan's new prime minister. The USD/JPY shot past the 150.00 psychological level and printed a current intraday level of 152.94 as the prospects of a 25 basis points interest rate hike by the Bank of Japan (BoJ) in Q4 2025 have dampened, triggered by the “Takaichi Trade”. Given that Takaichi is a protégée of the late former Prime Minister Shinzo Abe, the market chatter of “Abenomics 2.0” has gained traction, where the new Japanese PM may “push” the Bank of Japan (BoJ) to revert to monetary policy easing and put a pause to its current monetary policy normalisation stance of gradually increasing interest rates in Japan. In this article, we will highlight three fundamental macro factors that suggest the current JPY weakness is likely not sustainable in the medium term and provide a short-term (1 to 3 days) outlook on the USD/JPY from a technical analysis perspective. Japan’s consumer confidence continues to improve Fig. 1: Japan core-core CPI, Average Cash Earnings, Tankan Survey, Consumer Confidence as of Sep 2025 (Source: MacroMicro) One of the key economic data points, other than the inflation trend, that the BoJ monitors to determine and set the path of monetary policy in Japan, is consumer sentiment. The latest Japanese consumer confidence index, released last week, rose to 35.3 in September 2025 from 34.9 in August, hitting its highest level since December 2024 (see Fig. 1). A further improvement in consumer sentiment is likely to boost domestic demand in Japan, in turn, supporting the BoJ’s current monetary policy stance of a gradual rise in interest rates from the current level of 0.5%. BoJ remains on its path of interest rate hikes Fig. 2: Japan's implied policy rate curves as of 8 October 2025 (Source: MacroMicro) Based on the latest data from the short-term interest rate futures market, the current policy rate curve has continued to trend upwards heading into next year (0.62% in December 2025 to 0.95% in September 2025) (see Fig. 2). Also, the current policy rate curve has shifted upwards from a month ago. The 10-year US Treasury/JGB yield spread has broken below a major support level on an intraday basis Fig. 3: Yield spreads of US Treasury/JGB with major trend of USD/JPY as of 9 Oct 2025 (Source: TradingView) The 10-year yield spread between the US Treasury note and JGB has broken below the 2.47% major support after it managed to trade above it for the entire month of September 2025. Right now, it is still trading at an intraday level of 2.43% at the time of writing (see Fig. 3). A weekly close below 2.47% is likely to cement a further narrowing of the 10-year US-Japan yield differential, and such a dynamic managed to trigger a medium-term decline in the USD/JPY from late December 2024 to mid-April 2025. Let’s now focus on the latest short-term trajectory (1 to 3 days), relevant key elements, and key levels to watch on the USD/JPY. Fig. 4: USD/JPY minor trend as of 9 October 2025 (Source: TradingView) Fig. 5: USD/JPY medium-term trend as of 9 October 2025 (Source: TradingView) Preferred trend bias (1-3 days) Potential squeezed up for USD/JPY towards a major resistance. Bullish bias in any minor setbacks above 151.15 key short-term pivotal support for the next intermediate resistance to come in at 153.65/153.90 before the major resistance of 154.50 (also a Fibonacci extension) (see Fig. 4). Key elements The USD/JPY has broken above the “Ascending Wedge” range resistance on Monday, 6 October 2025 now turns into a pull-back support at 150.50 (see Fig. 5).The major descending trendline of the USD/JPY in place since the 3 July 2024 swing high is now acting as a major resistance at 154.50 (see Fig. 5).The hourly RSI momentum indicator of the USD/JPY has exited from its overbought level and has not reached its oversold zone (below 30). These observations suggest a potential minor pull-back for the USD/JPY before a bullish move materializes (see Fig. 4).Alternative trend bias (1 to 3 days) A break below 151.15 key short-term support negates the bullish tone for a slide towards the next intermediate supports at 150.50 and 149.80. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Bitcoin’s recent price action suggests a cooling phase after its failed attempt to secure a close above the $123,000–$124,000 all-time high zone. While short-term retracement appears likely, the broader market structure remains bullish. This correction could serve as a healthy reset before Bitcoin gathers momentum for its next major wave, with $150,000 standing as the next target. Heatmap Reveals Key Gaps In Bitcoin’s Support Levels ZYN, a prominent crypto analyst, recently posted an update on X highlighting a key observation from Bitcoin’s cost basis heatmap. The analyst noted that there’s limited support between the $121,000 and $120,000 levels, creating a fragile zone that Bitcoin could easily slip through if selling pressure intensifies. Below that, ZYN pointed out a major area of interest around $117,000, where approximately 190,000 BTC had been previously purchased. This accumulation zone reflects a strong base of recent buyers and could serve as a critical level where market participants step in to absorb any downside pressure. If Bitcoin does pull back toward $117,000, the analyst believes it could set the stage for renewed accumulation rather than a deeper correction. Historically, retracements into strong support levels like this have provided fuel for the next leg higher as both existing and new investors take advantage of lower entry points. Summing up, ZYN emphasized that while Bitcoin lacks meaningful cushioning around $121,000, a solid foundation appears to be forming at $117,000. BTC Struggles To Hold Above All-Time High Zone In a recent market update, Crypto Candy observed that BTC once again struggled to maintain momentum above its ATH resistance zone between $123,000 and $124,000. The level has proven to be a tough barrier, with price attempts above it quickly met by selling pressure. As a result, BTC failed to close and sustain above this critical area, leading to a retracement that aligns with earlier expectations outlined in their analysis. Presently, this short-term correction is viewed as part of a natural and healthy market cycle, not a signal of weakness. The analyst noted that if the current momentum persists, Bitcoin could dip toward the $116,000–$118,000 region before finding strong support. This range is viewed as a potential accumulation zone where buying interest could re-emerge, setting the stage for renewed bullish momentum. Despite the pullback, the broader outlook remains optimistic. Crypto Candy reaffirmed a psychological long-term target of $150,000 for Bitcoin, suggesting that the current price action is merely a temporary pause before the next leg higher.

The euro is trading around 1.1644, rebounding from having reached the 7/8 Murray level around 1.1596. The euro could reach the 8/8 Murray level around 1.1718 in the coming days and could even cover the gap it left around 1.1740. If bearish pressure prevails, we could expect EUR/USD to reach the psychological support level of 1.1500. The eagle indicator is showing a positive signal, so any pullback in EUR/USD will be seen as a buy signal in the coming days, with targets at 1.1718 and 1.1745. The euro is moving within a bearish trend channel formed since September 17 and could continue its decline until it reaches the 6/8 Murray level around 1.1500. The material has been provided by InstaForex Company - www.instaforex.com

Gold is trading around 4,020, below the 21 SMA and below the uptrend channel formed since early October. The H1 chart shows that gold is undergoing a technical correction, and we could expect it to reach +1/8 Murray around $3,906. If the price consolidates above 4,035, we could expect it to reach +2/8 Murray around 4,062. The H1 chart shows strong overbought conditions. So, if the price closes the gap left at the close of Wednesday's session, we could expect it to reach the 4,040 level and even 4,062. Our outlook will be bearish as long as the gold price consolidates below 4,062. Therefore, any technical rebound, as long as the price remains below this area, will be seen as a signal for short positions, with targets at $3,900 and $3,800. The Eagle indicator is showing a negative signal. Therefore, we will look for opportunities to sell below the 21SMA or below +2/8 Murray. The material has been provided by InstaForex Company - www.instaforex.com

Macroeconomic Report Overview: Very few macroeconomic reports are scheduled for Thursday, and all of them are secondary in nature. In Germany, import, export, and trade balance data will be released; however, these figures are unlikely to have a meaningful impact on trader sentiment. It may seem like yesterday's disappointing industrial production report from Germany triggered the euro's decline, but in reality, the euro stopped falling right after that data was published. Economic calendars for the UK, the Eurozone, and the U.S. remain largely empty today. Fundamental Events Breakdown: There is only one major fundamental event on Thursday — but it is a significant one. Jerome Powell's speech always carries weight in the market, and under current conditions, it becomes particularly meaningful. The market is eagerly awaiting some clarity on how the Federal Reserve intends to assess the economic outlook and decide on interest rates at the end-of-month meeting. Yesterday, the minutes from the September FOMC meeting were released, where many officials expressed support for further monetary easing. But in September, the United States was not in a government shutdown. Now, even core economic indicators are not being published. Under such circumstances, the Fed may very well take a wait-and-see approach: "no data — no decision." In short, there are many questions for Powell, and his remarks are essentially the only high-impact event of the trading week. General Conclusions:As we approach the latter part of the trading week, both EUR/USD and GBP/USD may continue to trade erratically and illogically. Price movements have been chaotic throughout the week, and Powell's speech may only intensify the uncertainty. For novice traders, it is still possible to trade from the nearest key levels or zones; however, it's essential to keep in mind that current market conditions are not ideal for clean or consistent setups. Caution and proper risk management are advised. Basic Rules of the Trading System:The strength of a signal is determined by how quickly it forms (a bounce or breakout). The faster the signal forms, the stronger it is.If two or more false trades occur around a particular level, that level should be ignored for future signals.In a sideways market (flat), any pair may generate many false signals — or none at all. In such a case, it's better to step away from trading at the first signs of consolidation.Trades should be executed between the start of the European session and the midpoint of the U.S. session. All trades should be manually closed thereafter.On the 1-hour timeframe, only trade MACD signals when volatility is high and a trendline or trend channel confirms the trend.If two levels are located very close together (within 5–20 pips), treat them as a support or resistance zone.Once a trade moves 15-20 pips in the intended direction, set your Stop Loss to break even.Chart Annotations:Support and resistance levels are target areas for potential buy or sell entries. Use them to set Take Profit levels.Red lines indicate trend channels or trendlines that reflect the current direction of the market. They help determine preferred trade direction.MACD (14,22,3): The histogram and signal line can be used for additional confirmation of trade direction.Important speeches and reports (always listed in the economic calendar) can heavily influence currency pair movement. During their release, you should trade with extra caution or exit the market entirely to avoid sharp price swings against your position. For beginners in forex trading: remember that not every trade will be profitable. Developing a clear strategy and effective money management are essential for long-term success in trading. The material has been provided by InstaForex Company - www.instaforex.com

Dogecoin started a fresh decline below the $0.260 zone against the US Dollar. DOGE is now consolidating and might dip further if it stays below $0.2550. DOGE price started a fresh decline below the $0.2550 level. The price is trading below the $0.2550 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.2570 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if there is a move below $0.2420. Dogecoin Price Trims Gains Dogecoin price started a fresh decline after it closed below $0.2620, like Bitcoin and Ethereum. DOGE declined below the $0.260 and $0.2550 support levels. The price even traded below $0.2450. A low was formed near $0.2430, and the price recently attempted a recovery wave. There was a move above the 50% Fib retracement level of the downward move from the $0.2701 swing high to the $0.2431 low. However, the bears were active near the $0.260 resistance and the 61.8% Fib retracement level of the downward move from the $0.2701 swing high to the $0.2431 low. Besides, there is a bearish trend line forming with resistance at $0.2570 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.2550 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.2550 level. The first major resistance for the bulls could be near the $0.2570 level and the trend line. The next major resistance is near the $0.260 level. A close above the $0.260 resistance might send the price toward the $0.2780 resistance. Any more gains might send the price toward the $0.2840 level. The next major stop for the bulls might be $0.2920. More Losses In DOGE? If DOGE’s price fails to climb above the $0.2550 level, it could continue to move down. Initial support on the downside is near the $0.2470 level. The next major support is near the $0.2420 level. The main support sits at $0.2350. If there is a downside break below the $0.2350 support, the price could decline further. In the stated case, the price might slide toward the $0.2120 level or even $0.2050 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.2420 and $0.2350. Major Resistance Levels – $0.2550 and $0.2600.

A cryptocurrency analyst has pointed out how the Open Interest for Bitcoin and the altcoins is forming a setup that previously led to a market downturn. Bitcoin & Altcoins Have Seen A Jump In Open Interest Recently In a new post on X, CryptoQuant community analyst Maartunn has discussed about the latest trend in the Open Interest for Bitcoin and the altcoins. This indicator measures the total amount of positions related to a given asset or group of assets that are currently open on all centralized derivatives exchanges. It takes into account both long and short positions. When the value of the Open interest rises, it means speculative interest in the market is going up as traders are opening up fresh positions. Generally, new positions come with more leverage for the sector, so volatility can go up following a jump in the metric. On the other hand, the indicator going down implies investors are either pulling back on risk or getting forcibly liquidated by their platform. Such a washout of leverage typically results in greater market stability. Now, here is the chart shared by Maartunn that shows the trend in the Open Interest for Bitcoin and that for all altcoins combined over the last couple of years: As is visible in the above graph, the Bitcoin Open Interest has witnessed a notable increase alongside the latest price rally, implying investors have been opening up new bets on the derivatives market. This isn’t an unusual trend, as rallies tend to attract attention to the cryptocurrency, especially in the case of a run like the latest one, which has taken the coin to a fresh all-time high (ATH). The scale and speed of the increase can be worth monitoring, however, as such conditions can make the market prone to a liquidation squeeze. Another factor that can be worth noting is that the altcoin Open Interest has also shot up at the same time, indicating speculative activity across the sector has ramped up. From the chart, it’s visible that something like this also occurred in December 2024. “Back then, it led to months of sideways chop followed by a 30%+ drop,” notes the analyst. The market could already be starting to feel the effects of heating in the Open Interest as Bitcoin and the altcoins have gone through notable volatility in the past day. BTC plunged from above $125,000 to below $121,000 in the matter of a few hours, before recovering back near $123,000. Others, like Ethereum, are yet to make any significant recovery from the plunge. This volatility resulted in liquidations of almost $644 million in the cryptocurrency derivatives market, according to data from CoinGlass. BTC Price At the time of writing, Bitcoin is trading around $122,900, up over 5% in the last week.

Wednesday Trade Review:1-Hour GBP/USD Chart On Wednesday (and into Thursday), the GBP/USD pair continued a weak downward movement — despite having virtually no fundamental reason for doing so. Let's recall that the trend for the pound turned bullish after the downward trendline was broken. There's been no meaningful macroeconomic or fundamental news for the British currency this week. On the other hand, U.S. developments — including the ongoing government shutdown and unrest in Chicago — clearly don't favor dollar strength. Last week's U.S. economic data fell short of expectations, and the Federal Reserve is expected to cut rates two more times before year-end. All of this strongly suggests the dollar should be weakening, not strengthening. Therefore, we view the current decline in the GBP/USD as completely illogical. In theory, the euro's decline might be pulling the pound down due to a strong correlation; however, even this explanation is debatable. While losses in GBP are not large, they occur at a time when the currency should logically be rising. In short, intraday movements remain chaotic and poorly structured. 5-Minute GBP/USD Chart On the 5-minute timeframe, we are seeing a situation similar to EUR/USD. Price action has started to ignore support/resistance levels altogether. While trade signals are still forming, they rarely reach their targets. For example, in yesterday's trading around the 1.3413–1.3421 zone, four signals were generated — all of them false. Therefore, beginner traders need to understand that market logic is currently lacking, and short-term price action is volatile and unpredictable. How to Trade on Thursday:On the hourly chart, GBP/USD has ended its previous downtrend, but any attempt at a reversal to the upside has yet to gain traction. As we noted, there are no credible reasons for the U.S. dollar to strengthen in the medium term; therefore, we still expect a bullish movement for GBP/USD over time. However, market conditions remain strange. The pound continues to fall without a clear justification, and technical structures are being disrupted. It is possible to trade based on technical signals on lower timeframes (M5), but price movements remain inconsistent regardless of the timeframe. On Thursday, the GBP/USD pair may continue to move downward, especially since the price has broken through the 1.3413–1.3421 area. Still, given current market conditions, unpredictable upward pullbacks and disregard for established zones or resistance levels are likely. Here are the key support and resistance zones on the 5-minute timeframe: 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. There are no major economic events scheduled for the UK on Thursday. However, Jerome Powell's speech in the U.S. could cause sharp volatility, depending on what the Fed Chair says. Powell's statement will be a key event, especially given the Fed's current rate-cutting cycle and the general uncertainty in U.S. policy. Be prepared for sudden movements in either direction as the market reacts. Basic Rules of the Trading System:The strength of a signal is determined by how quickly it forms (a bounce or breakout). The faster the signal forms, the stronger it is.If two or more false trades occur around a particular level, that level should be ignored for future signals.In a sideways market (flat), any pair may generate many false signals — or none at all. In such a case, it's better to step away from trading at the first signs of consolidation.Trades should be executed between the start of the European session and the midpoint of the U.S. session. All trades should be manually closed thereafter.On the 1-hour timeframe, only trade MACD signals when volatility is high and a trendline or trend channel confirms the trend.If two levels are located very close together (within 5–20 pips), treat them as a support or resistance zone.Once a trade moves 20 pips in the intended direction, set your Stop Loss to break even.Chart Annotations:Support and resistance levels are target areas for potential buy or sell entries. Use them to set Take Profit levels.Red lines indicate trend channels or trendlines that reflect the current direction of the market. They help determine preferred trade direction.MACD (14,22,3): The histogram and signal line can be used for additional confirmation of trade direction.Important speeches and reports (always listed in the economic calendar) can heavily influence currency pair movement. During their release, you should trade with extra caution or exit the market entirely to avoid sharp price swings against your position. For beginners in forex trading: remember that not every trade will be profitable. Developing a clear strategy and effective money management are essential for long-term success in trading. The material has been provided by InstaForex Company - www.instaforex.com

Wednesday Trade Breakdown:1-Hour EUR/USD Chart On Wednesday, the EUR/USD currency pair traded in both directions while maintaining a downward bias on the hourly timeframe. The main decline occurred during the Asian session, so even the one major macroeconomic report — Germany's industrial production, which disappointed significantly — had virtually no impact on the euro. In the evening, the minutes from the latest FOMC meeting revealed that about half of the committee members expect further monetary easing. The key interest rate could be cut two more times by year-end. However, this information had already been public knowledge since September 17, the date of the Federal Reserve's prior meeting. In other words, the notion of two more potential rate cuts isn't news at all. In our view, the Fed's stance remains dovish and will stay that way, which logically should not support a stronger dollar. The U.S. government remains in shutdown mode, unrest continues in Chicago, and macroeconomic data are not being published. With all that in mind, how is the dollar even gaining strength? That's a "million-dollar question." 5-Minute EUR/USD Chart On the 5-minute timeframe, the only trade signal formed overnight. The price broke below the 1.1655–1.1666 zone, allowing short positions to be opened. Though the nearest target zone wasn't reached by the end of the day, those short trades could have been closed at any point — they were profitable either way. The only issue was the timing of the signal's formation. How to Trade on ThursdayOn the hourly chart, EUR/USD has broken the trendline multiple times, but the pair has continued to fall for unclear reasons. We consider the current movement to be entirely illogical. The overall fundamental and macroeconomic background remains highly unfavorable for the U.S. dollar, so substantial strengthening of the greenback is not expected at this point. In our view, as before, the dollar can only benefit from technical corrections — one of which is currently underway. For Thursday, EUR/USD could move in either direction. There's little clear logic behind the price action right now, and quite a lot of chaos. Today, Jerome Powell is scheduled to speak, but it's unclear what kind of reaction the market may have. You can look for trades within the 1.1655–1.1666 area. On the 5-minute TF, the important levels to watch are: 1.1354–1.1363, 1.1413, 1.1455–1.1474, 1.1527, 1.1571–1.1584, 1.1655–1.1666, 1.1745–1.1754, 1.1808, 1.1851, 1.1908, 1.1970–1.1988. The key event to highlight on Thursday is Powell's speech. Market participants will be focused on his comments, not only because he is the Fed Chair during a period of rate cuts, but also because it is essentially the only major event scheduled this week. Basic Rules of the Trading System:The strength of a signal is determined by how quickly it forms (a bounce or breakout). The faster the signal forms, the stronger it is.If two or more false trades occur around a particular level, that level should be ignored for future signals.In a sideways market (flat), any pair may generate many false signals — or none at all. In such a case, it's better to step away from trading at the first signs of consolidation.Trades should be executed between the start of the European session and the midpoint of the U.S. session. All trades should be manually closed thereafter.On the 1-hour timeframe, only trade MACD signals when volatility is high and a trendline or trend channel confirms the trend.If two levels are located very close together (within 5–20 pips), treat them as a support or resistance zone.Once a trade moves 15 pips in the intended direction, set your Stop Loss to break even.Chart Annotations:Support and resistance levels are target areas for potential buy or sell entries. Use them to set Take Profit levels.Red lines indicate trend channels or trendlines that reflect the current direction of the market. They help determine preferred trade direction.MACD (14,22,3): The histogram and signal line can be used for additional confirmation of trade direction.Important speeches and reports (always listed in the economic calendar) can heavily influence currency pair movement. During their release, you should trade with extra caution or exit the market entirely to avoid sharp price swings against your position. For beginners in forex trading: remember that not every trade will be profitable. Developing a clear strategy and effective money management are essential for long-term success in trading. The material has been provided by InstaForex Company - www.instaforex.com

[Nasdaq 100 Index] – [Thursday, October 09, 2025] Given the Golden Cross between EMA(50) and EMA(200) and the RSI(14) being in the Neutral-Bullish zone, #NDX is likely to strengthen toward its nearest resistance level in the near term. Key Levels 1. Resistance. 2 : 25381.4 2. Resistance. 1 : 25265.9 3. Pivot : 25044.8 4. Support. 1 : 24929.3 5. Support. 2 : 24708.2 Tactical Scenario Positive Reaction Zone: If #NDX breaks out and closes above 25,044.8, it has the potential to test 25,265.9. Momentum Extension Bias: If 25,265.9 is surpassed, the next target to be tested would be 25,381.4. Invalidation Level / Bias Revision The upside bias weakens if #NDX falls and closes below 24,708.2. Technical Summary EMA(50) : 25039.5 EMA(200): 24923.6 RSI(14) : 61.75 Economic News Release Agenda: Tonight several economic data release will begin: US - Unemployment Claims - Tentative US - Factory Orders m/m - Tentative US - Final Wholesale Inventories m/m - Tentative US - Natural Gas Storage - 21:30 WIB The material has been provided by InstaForex Company - www.instaforex.com

[USDX] – [Thursday, October 09, 2025] Although both EMAs are still in a Golden Cross, but with the appearance of a Bearish Divergence along with the RSI in the Neutral-Bearish area indicates potential weakness in #USDX today. Key Levels 1. Resistance. 2 : 99.29 2. Resistance. 1 : 99.05 3. Pivot : 98.80 4. Support. 1 : 98.56 5. Support. 2 : 98.31 Tactical Scenario Pressure Zone: If #USDX breaks down and closes below 98.56, it has the potential to continue its decline toward 98.31. Momentum Extension Bias: If 98.31 is breached and closes below, the 98.07 level will likely be tested. Invalidation Level / Bias Revision The downside bias is held if #USDX remains strong and breaks out, closing above the 99.29 level. Technical Summary EMA(50) : 98.75 EMA(200): 98.38 RSI(14) : 30.08 + Bearish Divergent Economic News Release Agenda: US - Unemployment Claims - Tentative US - Factory Orders m/m - Tentative US - Final Wholesale Inventories m/m - Tentative US - Natural Gas Storage - 21:30 WIB The material has been provided by InstaForex Company - www.instaforex.com