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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USD
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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FXCM dollar index bounced strong, closing with bullish engulfing on the weekly chart
Despite the strong bullish momentum from the last week and the closing with a bullish engulfing candle on the weekly chart, the price reached resistance, and we need further price…
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EUR/USD – formed potential Head and Shoulders on the 4H chart
The price formed potential Head and Shoulders on the 4H chart, if we see a break above the resistance zone between 1.2170 – 1.2190 we will see further upside toward…
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DXY dollar index – broke below the bearish flag on the 4H chart
The price broke below the bearish flag on the 4H chart and formed Head and Shoulders on the 4H chart. If the price break below 89.92 we will see further…
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FXCM dollar index – broke below the bearish flag on the 4H chart
The price broke below the bearish flag on the 4H chart and below the neckline on the 4H Head and Shoulders, resuming the bearish monthly, weekly, daily trend. The first target…
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USD/CHF – broke above wedge on the weekly chart
Technical analysis for 7 – 13 February 2021 Another USD pair breaking to the upside, last week. The price broke above descending wedge on the weekly chart and above the…
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USD/JPY – broke above price channel on the daily chart
technical analysis for 7–13 February 2021 Last week the price broke above descending price channel, dynamic resistance, and previous daily high above 104.40. The first target of this break is…
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EUR/USD – broke down below ascending wedge
Technical analysis for 7-13 February 2021 Last week we witnessed a breakdown, the price broke below the key support at 1.2055, below the pennant pattern, and below ascending wedge on…
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Gold – price is approaching the previous weekly low
technical analysis – 7 – 13 FEBRUARY 2021 The price is approaching the previous weekly low and support zone between 1765 – 1800. If we see a rejection of that…
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DXY dollar index – technical analysis for 7–13 February 2021
The DXY index is painting a different picture than the FXCM dollar index. The DXY broke above descending wedge on the weekly and the daily charts, and also broke above…
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FXCM dollar index – broke out of a range
technical analysis – 7 – 13 February 2021 It was an interesting week for the USD, we witnessed break out of a range, to the upside, on the 4H and…
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