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DXY: The DXY (US Dollar Index) chart currently has a bearish overall momentum. Price could potentially continue this bearish trend towards the 1st support at 103.02, which is identified as an overlap support. This level may act as a significant area where buying interest could emerge and potentially provide some support for the DXY. If […]

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ECB’s Influential Hawk Takes Further Rate Hikes Off the Table

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04/06/2024

Silver Wave Analysis

Silver reversed from support level 29.70 Likely to rise to resistance level 32.00 Silver recently reversed up from the key support level 29.70 (former monthly high from April), which stopped the previous intermediate impulse wave (3). The support level 29.70 was strengthened by the 20-day moving average and by the 38.2% Fibonacci correction of the […]
16/09/2024

EUR/USD Gains as Fed Meeting Approaches

EUR/USD is showing signs of strengthening, currently trading around 1.1088 on Monday. The pair saw significant gains at the end of last week, driven by mounting speculation over the Federal Reserve’s upcoming interest rate decision. The US dollar weakened in response to increasing expectations that the Fed might cut rates by 50 basis points in […]
20/02/2024

XAU/USD: Gold Extends Recovery Despite Sticky US Inflation

Recovery leg from $1984 (9-week low of Feb 14) extends into third straight day after short-lived probe below psychological $2000 level was contained by 100DMA and Morning Doji Star reversal pattern formed on daily chart. Although the metal’s price gained pace and established above $2000, caution is still required as 14-d momentum is still in […]