Ideas to master the market this week

And GBPJPY with a -50% reduced spread                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         [FBS]( [[fbsanalytics] FBS Analytics]( [Personal Area]( [Ideas to master the market this week] Introducing the Instrument of the Week Each week, we’ll be featuring a trading instrument with a reduced spread. This week’s star is... [FBS] GBPJPY, with a spread lowered by 50%! [Trade GBPJPY]( Seize the moment and take advantage of the enhanced conditions. [fbs] Top Gainers Last Week • Taiwan Semiconductor Manufacturing Company Limited (#TSM) +15.00% TSM shares rose thanks to robust quarterly reports and a positive market outlook. Optimistic analyst estimates, which predict a rise in the stock price in the short term, also contributed to the growth. • NZDCHF  +2.38% The NZDCHF increase over the past week is driven by robust economic data from New Zealand. Additionally, there’s a small uptick in the unemployment rate and a decrease in expected inflation in Switzerland. [Trade NZDCHF]( [fbs] Top Losers Last Week • Air Products and Chemicals, Inc. (#APD) -14.85% The recent sharp decline in APD stock is attributed to the company’s revised earnings forecast for fiscal year 2024. Air Products now anticipates earnings in the range of $12.20 to $12.50 per share versus its earlier projection of $12.80 to $13.10 per share. • GBPNZD  -1.43% Solid employment data fueled expectations of a rate hike by the Reserve Bank of New Zealand, bolstering the New Zealand dollar. Meanwhile, speeches from Bank of England representatives and shifts in housing prices impacted the British pound. [Trade GBPNZD]( [android] US30 On the H4 timeframe, US30 has formed an ascending channel pattern, with the price currently testing the lower trend line. This situation presents two possible scenarios. [FBS]( • If the price breaks below the trend line, US30 is likely to reverse its trend and decline towards the 38300 support level. • A rebound from the trend line would support further upward movement, with potential targets at 38800 and 38900 levels. [android] USDCHF USDCHF continues its upward movement, but the price is consolidated and sandwiched between two levels. [FBS]( • If USDCHF overcomes the resistance at 0.8760, the price is likely to rise to the level of 0.8820. • If the price consolidates below the support at 0.8730, it may pave the way for a decline towards the 0.8640 level. [android] AUDJPY On the H2 chart, AUDJPY is in an uptrend, with the price nearing the trendline. This setup presents two potential scenarios. [FBS]( • If the price bounces off the trendline, it is likely to continue its upward movement, aiming for resistance at 97.700. • A break below the trendline would indicate a trend reversal, with the target set at 96.400. FBS tips and analytics do not constitute a call to trade, trading advice or recommendation and are for information only. [Enhance your strategy]( [fbs]( Look For More Insights in Our Telegram In our Telegram channel (which is in English), you will find the most up-to-date trading ideas. More importantly, you will connect with a community of like-minded traders. Last week, 15 out of 20 ideas from FBS analysts were accurate! [XAUUSD idea]( could’ve brought 800 points. [USDCAD idea]( could’ve brought 1100 points. [Join trading community]( [fbs]( FBS Makes Preschool Education More Accessible  Join us in celebrating our CSR initiative! FBS is honored to sponsor the 2024 academic year syllabus for six preschools across Peninsular Malaysia. In collaboration with SUKA Society, we’re providing vital teaching resources to remote villages, ensuring children receive the education they deserve. [Learn more]( Do you like our Weekly Digest? [YES]( [NO]( [Help Center](  |  [Personal Area]( You received this email because you registered at [fbs.com](. If you have any questions, please contact us via email at support@fbs.com [google_play]( [apple_stor]( Risk warning: Before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience. [instagram]( [facebook]( [twitter]( [telegram]( [youtube]( [Web Version](  |  [About FBS](  |  [Unsubscribe]( Trusted by traders