Technical analysis for the FXCM dollar index is showing that the price is trading in a range and form a descending triangle on the 4H chart. Break above the descending…
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US Oil Technical analysis, the price reached both horizontal and dynamic resistance and started a pullback
Technical analysis for the Crude Oil is relieving that the price almost reached the first target of the 3rd bullish daily wave at 1.618 FIB extension around 70.00. The price…
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UK Oil Technical analysis, the price reached the first target of the 3rd daily bullish wave and started a pullback rejecting resistance
Technical analysis for the Brent Crude Oil is relieving that the price reached the first target of the 3rd bullish daily wave at 1.618 FIB extension on the daily chart…
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NASDAQ bounced from October, November 2020 highs now support, focus this week is on the previous week high
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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In the week ahead all eyes will be on the Federal Reserve’s interest rates decision
Next week all eyes will be on the Federal Reserve press-conference. The markets are waiting to hear the latest guidance about the future of the monetary FED policies from the…
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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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FED Chairman Powell mentioned inflation costing volatility in the markets
FED Chairman Powell just mentioned inflation is costing volatility in the markets. “We expect that as the economy reopens and hopefully picks up, we will see inflation move up through…
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Shanghai Composite index – formed tweezer tops on the monthly chart rejecting trend line
The index formed tweezer tops on the monthly chart rejecting descending trend line, signaling a potential pullback. The price broke below the previous low on both the weekly and the…
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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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