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USDCHF reversed from resistance area Likely to fall to support level 0.8400 USDCHF currency pair recently reversed down from the resistance area located at the intersection of the key resistance level 0.8525 (upper border of the narrow sideways price range inside which the pair is moving from August) and the upper daily Bollinger Band. The […]

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28/10/2024

USD/JPY Chart Analysis: Rate Hits Autumn High

Today’s USD/JPY chart indicates that the U.S. dollar has strengthened against the yen by over 6.6% since the beginning of the month. Starting this trading week, the rate has surpassed 153 yen per dollar, a level not seen since August 31. This bullish sentiment towards the dollar has been driven by the outcome of Japan’s […]
18/12/2023

Crude: Temporary Recovery Has Room for $75

Crude spiked lower on Friday, but then stabilized on volume late in US session when price moved slightly higher. Energy also stays up after the news that N.Korea fired an unspecified ballistic missile toward East Sea. From an Elliott wave perspective, price is also eyeing higher, we are seeing room for wave C/3 to around […]
08/01/2024

Gold Meets Uptrend Line in Negative Mode

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