2020

The current NZDUSD structure shows the formation of the final leg of the primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Wave Ⓩ consists of intermediate sub-waves (A)-(B)-(C) and is a simple zigzag. The first two parts of the zigzag are fully…
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Another Drop for the Buck The US Index lost further momentum on Wednesday as it ended the session 0.10% down. More ground was given up as the greenback now trades precariously towards the 92 region. Sentiment shifted on positive …
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EURTRY is currently consolidating around the 61.8% 10.19/8.43 downside Fibonacci leg, after the aggressive sell-off from its record high. This capped the biggest weekly surge against the Euro in years, as the focus now shifts on the…
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Crude prices have been higher again this week with the market bolstered by the broad pickup in risk appetite. Risk assets, including oil and other commodities, have been higher in response to further vaccine news. Inventories Rise…
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The precious metal continues to trade flat and in a rather tight range. This comes as price action remains supported above the 1850 level in the longer term. However, the daily candlestick pattern indicates a possible move to the…
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Crude oil prices are back on the front foot after posting moderate declines on Tuesday. Price action is up over 1.5% on the day with the 41.00 level of support holding prices for the moment. However, this means that oil prices need to…
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The British pound sterling is pushing higher on the day as prices briefly tested the 1.3300 level of resistance. However, price action will need to push higher beyond this level in order to confirm further gains. Therefore, if price…
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The euro currency retraced losses from yesterday. Price action attempted to retest yesterday's highs near 1.1880 only to pull back later into the day. Although the EURUSD is posting steady gains for four consecutive days, the upside…
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Shares in US tech giant Apple are broadly flat ahead of the open on Wednesday. This is despite news this week of a pending lawsuit against the company. Max Schrems Files Against Apple Consumer rights activist Max Schrems has filed a…
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The EU Summit usually provides some opportunities for the euro and the pound to make some sudden moves. So, for traders, it's a good idea to know what subjects are going to be dealt with. Typically, leaders will talk to the press…
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