Technical analysis for Shanghai composite, the index reached the first target of the weekly bullish wave, the 1.272 FIB extension at 3725, and started a consolidation. This consolidation formed an…
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Central Banks finished the year with a bang
In their last monetary meetings of the year, the central banks exited the year with a bang. Bank of England decided to increase the interest rate from 0.10% to 0.25%….
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Technical analysis for Silver, the price formed a double bottom on the weekly and the daily charts
Technical analysis for XAG/USD, the price of Silver formed a double bottom on the weekly and the daily charts. The price of XAG/USD held support and 0.618 FIB retracement and…
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GBP/USD Technical Analysis, low-test candle on the weekly chart, signal for a pullback
Technical analysis for the GBP/USD, the pair close the week with a low-test candle on the weekly chart. The price bounced from 0.500 and 0.386 FIB retracements on the monthly…
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DXY dollar index Technical Analysis, tweezer top on the weekly chart
Technical analysis for the DXY dollar index, the index formed tweezer top on the weekly chart, which is a signal for a pullback. The first target for the pullback, the…
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FXCM dollar index technical analysis, double top on the daily chart
Technical analysis for the FXCM dollar index, the index formed a double top on the daily chart, which is a signal for a pullback. The first target for this potential…
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CHF/JPY Technical analysis, the pair is consolidating after a breakout
Technical analysis for the CHF/JPY, the price broke below the previous daily low at 123.42 and started consolidation. The consolidation formed a range between 123.55-122.14. If the CHF/JPY pair breaks…
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FED chairman Powell and FOMC members in panic mode
In testimony last week, the FED chairman Powell expressed his support for faster tapering the bond purchasing program. Chairman Powell declared that the FED should no longer refer to the…
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NASDAQ 100 Technical Analysis, the index formed potential Head & Shoulders pattern
Technical analysis for NASDAQ 100, the index reached FIB extension levels on the monthly chart between 16 225 – 16 700 and rejected them with bearish engulfing on the weekly…
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EUR/USD Technical Analysis, the pair bounced from support and started a pullback
Technical analysis for the EUR/USD, the pair reached the second target of the bearish weekly wave at 1.618 FIB extension at 1.1225 and started a pullback. The EUR/USD went as…
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NZD/USD Technical analysis, the pair is sitting at support zone
Technical analysis for the NZD/USD, the pair is within an important support zone and the previous monthly low at 0.6805. A break below 0.6805 will accelerate the bearish run, and…
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US Crude Oil Technical Analysis, bearish pressure accelerated
Technical analysis for US Crude oil, the bearish pressure accelerated after the price of Crude oil broke below the previous daily low at 74.74. The first target for the bearish…
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