2020

The euro is rising gradually with the gains coming at a modest pace. After breaking out to the upside above 1.0787, price action is holding above this level. As long as the support holds, we expect the next move to be toward 1.0900,…
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There was quite some speculation that the BOE would suspend its regularly scheduled meeting due to the coronavirus. Several other central banks have done so, and the BOE has already taken pre-emptive action by cutting rates and…
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USDCAD seems to be forming a large bullish impulse wave Ⓒ, which is based on five intermediate sub-waves (1)-(2)-(3)-(4)-(5). The current structure suggests that we are in a corrective wave (4) and perhaps this wave has not yet completed…
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USDJPY (USDJPY): Sui massimi di Febbraio S2: 111.126     S1: 111.191     R1: 111.351     R2: 111.511 Lo strapotere del Dollaro USA travolge anche la valuta nipponica, il cui rapporto con la divisa americana torna sui massimi di…
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With the backdrop of the current pandemic, the euro found temporary safe haven status finding willing buyers. The strength in the euro caused EURGBP to retest 10-year highs of the 0.9500 handle. The pair likely has put on a temporary top…
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Gold prices are rising over 4% as price action broke past various resistance levels. The gains came following the major resistance level 1534 was breached quite easily. At the time of writing, gold prices are trading above the 1600…
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Crude oil price action remains modest with price erasing the gains made earlier in the day. Oil prices continue to remain slightly volatile in the near term. However, if the downside bias persists, we could expect oil prices to dip…
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The pound sterling is up over 1.5% intraday. The rebound comes as price briefly fell back to the support area of 1.1497. With the double bottom formation, there is a possibility of further gains. However, the immediate resistance…
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The euro currency broke out from its range between 1.0787 and 1.0663. The upside breakout comes as the Stochastics oscillator points to a hidden divergence. However, a rebound off the 1.0787 could confirm further upside. The next…
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The current USDCHF structure shows a completed cycle degree correction in wave x which is followed by a bullish zigzag consisting of primary sub-waves Ⓐ, Ⓑ, Ⓒ. Wave Ⓐ,  which is still under development, consists of intermediate waves…
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