2020

The current GBPJPY structure shows an intermediate corrective wave (B) that consists of minor sub-waves A-B-C. Following (B), the market started moving in wave (C), which is likely to end the correction in the minor degree at fresh…
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The pair fell heavily on the backdrop of COVID-19 as the Swiss Franc found safe-haven flows and the British Pound lost attraction on bids. The pound has actually lost around 1,700 pips against the Swiss Franc in 5 weeks of intense…
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GBPUSD(GBPUSD): Reazione Agli Sgoccioli Per Il Pound S2: 1.2063     S1: 1.2277     R1: 1.2957     R2: 1.2917 Il Pound ha vissuto una settimana sugli scudi, recuperando quota 1,15 dopo aver segnato i minimi degli ultimi 35 anni e…
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Last Week’s Highlights - US government unleashes $2 trillion package to deal with COVID-19 The Trump administration on Friday signed a $2 trillion relief bill to deal with the economic devastation caused by the pandemic. This is the…
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EURAUD Struggles to Keep High Ground The euro is facing strong headwinds as the block struggles to come up with a concerted rescue plan. Calls for joint bonds to finance coronavirus-related policies have met resistance from Berlin, which…
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Oil prices gradually declined to fall back to the support area near the 22.00 handle. This marks a third attempt in the commodity near this level. So far, prices are holding up steadily. However, the bearish price action on the daily…
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Gold prices consolidated into the close of last week with an ascending wedge pattern. With price action below the 1655 handle, this suggests a possible pullback to the gains made in the past few days. But the bias remains mixed, however.…
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The British pound is in a strong rally as price action continues to close with daily gains over the last four days. GBP is up nearly 7.80% from the 23rd March close of 1.1540. As price action increasingly looks bullish, it is possible…
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The euro currency maintains a strong bullish momentum, with price action surging close to one percent on Friday. The common currency closed at 1.1132 and is now likely to challenge the 16th March levels near 1.1200. But given the…
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While most of us are just happy to make a constant profit while trading forex, there are some exceptional people out there who have managed to do some pretty impressive stuff in the markets. Of course, when we think of "greatest" trades,…
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