2020

GBPJPY Rebounds Amid Economic Concerns The pound sterling went into a stiff sell-off as Britain grapples with its colossal public health crisis. As the economy is coming to a virtual halt amid the COVID-19 outbreak, the Bank of England cut…
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FTSE100 (UK 100): Attenzione Alla Rottura Di 5000 S2: 4,986.2     S1: 5,088.5     R1: 5,356.2     R2: 5,623.9 La struttura di medio periodo evidenzia per l’indice britannico FTSE 100 una tendenza negativa. Tuttavia, analizzando il…
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Gold prices marked a modest recovery, rising 1.71% into Friday’s session close. With the lower levels seeing higher demand, XAUUSD is firmly trading above the 1462 and 1483 levels. The upside correction in the near term could see…
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Crude oil prices fell over 6% into Friday’s close following a brief rally to the 28.00 handle which previously marked a bottom. Following the declines down to the 22.00 handle, price action is close to this level. A break down below…
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The pound sterling gave back some of the gains from last Thursday as a result of the BoE rate cut. Price action is lower again, but a bottom looks to be in place at 1.1497. With the resistance level at 1.2000, we expect the GBPUSD to…
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The euro managed to recover slightly into Friday’s close, but is still down over 7% from the 9th of March close of 1.1470. Price action on the 4-hour chart shows a double bottom pattern in place. This suggests a possible upside breakout.…
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Reversal patterns, as the name suggests, change the course of an ongoing trend, whether it is bearish or bullish. For example, if the price action indicates that the trend is moving upwards, then this should eventually see an end to the…
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The financial meltdown has spared no indices. The UK100 plummeted to levels last seen in 2011, just shy of the critical level at the 4500 handle. It’s a confluence of some major tops and bottoms seen during the 2008 market crash. These…
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As we mentioned in our last article, we are in the midst of a credit crunch. Central banks are engaged in unprecedented actions in an effort to stave off a financial crisis which could lead the world into a recession. We already…
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DAX (Germany30): Prossimo Innesco di Onda 4 S2: 8,355.8 S1: 8,675.8 R1: 8,916.8 R2: 9.301,4 Il grafico evidenzia il supporto in area 8.235 trovato e successivamente ritestato dall’indice DAX dopo un violentissimo ribasso che ha…
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