Top Forex Brokers : What to Trade This Autumn 2024

Top Forex Brokers : What to Trade This Autumn 2024

As we enter Autumn, some trading instruments have reached a critical point.

Here is a list of instruments you may want to watch closely. Remember to deposit money into your account to open your positions promptly when new opportunities arise.

AUDNZD This strategy is based on the Williams Alligator and Williams Fractals indicators and offers a systematic approach to trend trading. It is effective in trending markets but may produce false signals in flat market conditions. •If the price rebounds from the 1.0880 support, it may rise to 1.1040. •If the pair breaks below the channel’s lower border, we should expect a decline toward the 1.0750 level.

GBPCAD  The channel where GBPCAD now navigates is expanding, and the instrument faces a crucial resistance at the 1.7830 level. The Momentum oscillator crosses the 100-line upwards, potentially showing a bullish sentiment. •If the price breaks above the 1.7830 resistance, it will further propel to 1.8000. •If this retest fails, the price may decline toward the 1.7570 level.

US30 We are now witnessing the all-time high (ATH) for the US30 index. It now tests the 41300 resistance, aligned with the 138.2 Fibonacci ratio. The MFI oscillator shows the asset is overbought, potentially giving the price bearish momentum. •If the price breaks above the 41,300 resistance, it may rise to 42,000. •However, if US30 rebounds off the ATH level, the price may decline to 40,000.

US100  After an upward momentum, the US100 index is now in a slight correction and faces the 19,500 support. The MFI oscillator shows bearish momentum. However, a possible rate cut in the US in September would weaken the US dollar and may trigger bullish sentiment for indices. •If the price rebounds from the 19,500 support, it may rise to 20,700. •If US100 surpasses the golden Fibonacci ratio, the price may decline to 18,700.

XAUUSD We know many of our traders are particularly interested in gold. XAUUSD is now at an all-time high and forms an inverted head-and-shoulders pattern breaking above the “neck” and the 2500 resistance level. Geopolitical instability and a potential rate cut in the US may weaken the US dollar and trigger bullish sentiment for gold. •As long as the price holds above 2500, the primary target is 2650 resistance. •However, if XAUUSD breaches below the 2500, the price may further drop to the 2360.

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Now that you know what assets to watch in the next few months, you may want to subscribe to updates from our Free Forex Trading Signals to promptly learn when some important news may impact the price.

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