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DXY: The DXY chart exhibits a bearish momentum, suggesting a potential continuation towards the 1st support level. The 1st support at 102.95 is significant as a multi-swing low support, indicating its historical importance as a level where buying interest has emerged, potentially providing support to the price. Furthermore, the 2nd support at 102.63 is characterized […]

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AUDUSD Surges Within Critical Levels

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02/01/2024

GBPJPY Wave Analysis

GBPJPY reversed from support level 179.40 Likely to rise to resistance level 182.00 GBPJPY currency pair recently reversed up from the multi-month support level 179.40 (which has steadily reversed the pair from the start of July). The support level 179.40 was further strengthened by the lower daily Bollinger Band. Given the strength of the support […]
20/03/2024

Copper (HG) Short Term Pullback Should Find Buyers

Short Term Elliott Wave view in Copper (HG) shows that the rally from 2.9.2024 low is in progress as a 5 waves impulse. Up from 2.9.2024 low, wave ((i)) ended at 3.9085 and dips in wave ((ii)) ended at 3.8015. The metal extended higher in wave ((iii)) towards 4.164. Subdivision of wave ((iii)) unfolded in […]
14/08/2024

AUDUSD Wave Analysis

AUDUSD reversed from support zone Likely to rise to resistance level 0.6650 AUDUSD currency pair recently reversed up from the powerful support area located between the long-term support level 0.6370 (which has been reversing the price from last November) and the lower daily Bollinger Band The upward reversal from this support area created the daily […]