2020

GBPJPY is in a corrective structure in both short-term and medium timespans. The current downward formation suggests a 5-wave move into minor wave C as part of wave (B)’s A-B-C correction. With wave four of the 5-wave impulse…
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We've got two major regulatory events this week that could shake up markets a bit. With all the other major central banks already having their meetings, the RBA and the BOE are expected to continue the general wait-and-see trend. But,…
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GOLD (XAUUSD): Corregge Su Risk On Dell’Azionario S2: 1,665     S1: 1,680     R1: 1,715    R2: 1,745 Le quotazioni del Gold si trovano in prossimità di un importante supporto volumetrico stimato in area 1,650, controllato a quota…
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The test of the median channel trendline of the descending channel starting Sep 24, 2018, increased short bets. Naturally, above the $1.10 round level, investors sold euros in an attempt to take profits that have been running since the…
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Last Week’s Highlights US Q1 activity drops the most since the last recession The first-quarter economic activity in the world’s largest economy fell at a rate of 4.8%. This was the fastest contraction seen since the last economic…
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EURGBP at Crossroads as UK Reopens The euro is struggling to hold its ground against the pound sterling after a sharp retreat to the March lows. Prime Minister Boris Johnson’s statement that Britain was past the peak of the pandemic…
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The precious metal is likely to emerge from its sideways range. The consolidation since April 14th saw prices trading flat. Following the previous highs near 1726.18, gold prices pulled back to April 21 lows of 1683.20. Gold prices…
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The precious metal extended declines last week to test the support level of 1671.95. However, price action quickly reversed those declines to move modestly higher. XAUUSD is now trading within the levels of 1712.50 and 1671.95. A…
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Oil prices have posted a remarkable rebound. Friday’s price action saw WTI crude oil posting modest gains, rising above the 17.80 handle. This qualifies the double bottom pattern near the 10.58 level. As long as prices remain above…
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The Pound sterling gave back some of the gains from late last week into Friday’s close. GBPUSD was down 0.82% on the day as price settled near 1.2487. This drop marks a retest of the breakout level which served as resistance. A…
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