2020

Last Week’s Highlights US home sales fell by 9.7% in May The monthly home sales report from the United States saw a 9.7% decline in May. This came despite interest rates staying at record lows. Existing home sales fell by 3.91 million…
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The major US index was trading soft last week. Heading into Friday’s close, price action was back near the 3000 level. For now, a cccc However, it also raises the odds of a downside breakout. We expect the S&P500 to maintain a…
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Price action in the precious metal is somewhat choppy. But so far, gold is holding up firmly above the 1750 level. For the upside to continue, gold needs to close out above the June 24th highs of 1779.15. This will potentially set the…
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Oil prices maintain a soft trend with prices hugging the rising trend line. Price action suggests that the upside momentum is waning. Oil prices closed right near the major trend line on Friday. We expect to see a possible bounce to…
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The pound sterling maintains a bearish trend as price action closed near a three-week low on Friday. The declines came amid consistent lower highs forming since 16th June. Price action is now testing the price level near 1.2444. Given…
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The euro currency was trading flat on Friday, but price action remains soft on the back of a stronger dollar. Price action is now well below the 1.1261 level of support. However, the euro is still trading above the 22 June lows of…
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There are plenty of ways to use the ATR indicator on the MT4 trading platform. However, today we will be highlighting the main points that can be the most advantageous for beginner FX traders and how to use atr indicator in Forex.…
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The prices of Natural Gas plummeted yesterday to '96 lows of $1.40. Far from the lower channel of the regression channel that started in Aug '09, prices could decline further. The commodity is currently trading within the lower zone of the…
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