2020

EURGBP Rallies on Uncertain Brexit Prospect The pound sterling’s latest rebound could be short-lived for the lack of new development on the Brexit front. Unexpected cancellation of last Friday’s talks could only put fresh strain on…
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The precious metal closed last week on a flat note near 1774.66. The appearance of the Doji pattern near the nine-year highs suggests a possible pullback. However, there is scope for price action to continue to churn higher. The 1800…
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Oil prices continue to remain in limbo. Price action is trading quite flat with oil stuck around the 40.00 handle for the past few days. The squeeze between the horizontal resistance level and the trend line suggests that a major…
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The British pound did not see much movement. Price action is trading somewhat flat for the past two consecutive sessions. Following the decline of the 1.2516 level, GBPUSD is forming a higher low. Therefore, a retest back to this…
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The euro is maintaining its sideways range. However, over the past few sessions, the recent highs and lows show a triangle pattern that is emerging. This could signal a possible breakout in the near term. The bias remains mixed for the…
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The markets lost their appetite for risk in the latter part of June. This was mainly due to reports of increased cases of COVID-19 around the world, leading to fears of another lockdown. But, whether we are heading into a second wave is…
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On June 10 USDNOK found support at the 9.1909 lower channel. It has since rallied to a high of 9.8136. While the overall scope is bearish, a hidden divergence points to a window of opportunity towards the upper channel. A bounce at…
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DAX (Germany30): Il DAX Perde Grip Rispetto Agli Altri Indici S2: 12,258.3     S1: 12,433.3     R1: 12,473.5     R2: 12,650.9 Precisa e puntuale l’analisi precedente sull’indice DAX, che dopo aver reagito sui minimi di marzo a quota…
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The precious metal is paring losses as prices are somewhat bullish on the day. Following the downside breakout from the rising wedge pattern, XAUUSD is retracing the losses back to the breakout level. However, gold prices now need to…
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