CAD, BOE, Cryptocurrency | Daily Forex Analysis (24 September 2021)

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Afternoon market update 24 09 2021:

Another jam packed currency call today with a detailed break down of the Bank of England Rate Statement thanks to Gim Hong going over what it means for the GBP and a possible time frame on when interest rates are set to be raised. USDCAD was in focus with Jin today seeing buying opportunities above 1.2673 with the movement of the DXY critical to this trade given the lack of Canadian economic news until Friday night next week when the CAD GDP data is released. Entering at 1.2673 using a 30 pip stop loss and 60 pip initial take profit, holding onto this position is the 1.2747 resistance level is broken through. For BTCUSD and ETHUSD Daniel went through his analysis watch from 32.40 to 40.30 from today's full currency call video using this link https://www.youtube.com/watch?.... To summarise both BTCUSD & ETHUSD are pulling back and for BTCUSD the 43k support zone will be on watch for bounce and if broken 40k is where price has bounced from previously and offers buying opprtunities. ETHUSD is trading below the 3150 resistance level and with the risk off sentiment that's recently been seen back in markets a dip back to 2500 will be a buying opportunity. Alternatively a break back over 3150 then 3300 is a break out buy trade possibility targeting 4k as an initial take profit.