NASDAQ bounced from the highs of October, November 2020, which is now support. Focus this week is on the previous week’s high at 13 118, if the index breaks above…
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technical analysis
DXY dollar index – retesting the breakout area, which is now a support zone on the daily chart
Not a lot changed in the past week. After the initial breakout in the daily chart, the price pulled back to retest the breakout. The first target of this breakout…
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FXCM dollar index – retesting the breakout area, which is now a support zone on the daily chart
Not much changed in the past week. After the initial breakout in the weekly and the daily charts, the price pulled back to retest the breakout. The first target of…
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Cloudflare Inc – shares are within their 3rd bullish wave on the weekly and the monthly chart
The shares are within their 3rd bullish wave on the weekly and the monthly chart. The price reached and exceeded the first target of the bullish wave, at 1.618 FIB…
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Copper – formed tweezer tops on the weekly chart signaling a potential pullback
The price formed tweezer tops on the weekly chart, signaling a potential pullback. This pullback is shaping as an ABC pullback on the daily chart. If the price breaks below…
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EUR/USD – extending the bearish run on the daily chart after a break below the previous low
The pair broke below the previous daily low, below 1.1952, extending the daily bearish run. The first target of this bearish run is at 100% FIB extension around 1.1840, the…
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NZD/USD – formed tweezer tops on the monthly chart rejecting resistance
The pair formed tweezer tops on the monthly chart, high-test candle on the weekly chart, which materializes as an ABC pullback on the daily chart. The price reached both horizontal…
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AUD/USD – Technical Analysis. ABC daily pullback reached support on the weekly chart
The pair broke below the previous daily low, extending the daily pullback to an ABC pullback. The price is sitting on the 0.386 FIB retracement and on ascending trend line…
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GBP/USD – ABC pullback on the daily reached support
The pair reached the first target of the weekly bullish wave at 1.272 FIB extension around 1.4040, formed a high-test candle on the weekly chart, and started a pullback. This…
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AUD/CAD – closed with high-test candle on the monthly chart forming tweezer tops
The pair closed with another high-test candle on the monthly chart, forming tweezer tops. On the weekly chart, the price breaks below the previous weekly closing low, a hint for…
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DXY dollar index – broke above previous daily high extending the pullback on the daily chart
The index broke above previous weekly and daily high, extending the pullback on the daily chart. The first target for this daily bullish run is at 1.272 FIB extension around…
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FXCM dollar index – broke above descending wedge weekly charts
The index broke above descending wedge on the weekly, and the daily charts and above the previous daily and weekly high. The first target for this breakout is at 1.272…
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