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S&P 500 reversed from support area Likely to rise to resistance level 5850.00 S&P 500 index earlier reversed up from the support area located between the key support level 5695.00 (which reversed the index for 7 consecutive days at the start of October) and the lower daily Bollinger Band. This support area was further strengthened […]

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30/07/2024

GBPUSD Extends Pullback From 1-Year High

GBPUSD declines steadily from 1-year high The bears eye the 50-day SMA as next target Momentum indicators ease but remain positively tilted GBPUSD had been on the rise following its bounce off the 50-day simple moving average (SMA) in late June. Although the pair posted a fresh one-year high of 1.3043 on July 17, it has been […]
16/05/2024

AUDUSD Wave Analysis

AUDUSD broke key resistance level 0.6650 Likely to reach resistance level 0.6760 AUDUSD currency pair recently broke the key resistance level 0.6650, which has been reversing the pair from the start of March. The breakout of the resistance level 0.6650 coincided with the breakout of the 61.8% Fibonacci correction of the downward correction from the […]
06/08/2024

Gold (XAU/USD) Steadies After Volatile Monday; DXY Bounces Back

Gold prices rebounded above $2,400/oz after a dip to $2,364/oz, showing resilience despite a strengthening US Dollar. Gold benefits from expectations of more aggressive rate cuts and its safe-haven status. Geopolitical and economic risks in the second half of 2024, along with anticipated rate cuts, should theoretically support the gold rally, but a Middle East […]