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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The House of Representatives passed a 1.9$ trillion relief package
Last week was an eventful one, to said the least. The House of Representatives passed a 1.9$ trillion relief package, sending the bill to the Senate. It is unlikely that…
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Silver – high-test candle on the monthly chart signaling a potential pullback in the price
Silver high-test candle on the monthly chart, and double tops, on the weekly, signaling a potential pullback in the price. On the 4H chart, the price broke below a bearish…
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Gold – broke below the double bottoms and support level
The price broke below the double bottoms and support level around 1765 on both, the weekly and the daily charts, extending the weekly pullback. The break continues the 3rd bearish…
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Russell 2000 reached the second target of the bullish wave on the weekly chart
The index reached the second target of the bullish wave on the weekly chart at 1.618 FIB extension around 2280 and started a pullback. The price broke down below ascending…
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S&P 500 index closed with tweezer tops on the monthly chart
The index closed with tweezer tops on the monthly chart however, it managed to close higher than the previous monthly close. The 1H chart is within a bearish run, the…
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DXY dollar index retested and rejected the breakout of descending wedge on the weekly chart
The index closed the week with a bullish low-test candle rejecting the breakout of a descending wedge on the weekly chart. The rejection on the weekly chart materialized on the…
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