2020

The current BABA structure shows a bullish impulse wave V of a cycle degree. This consists of primary sub-waves ①-②-③-④-⑤. Primary impulse wave ③ has ended. This was followed by a price decline in the corrective wave ④. We could…
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Last month's ZEW survey showed a drop in optimism among German businesses across the board. The measure was still comfortably in expansion but had come off the 20-year highs of September. During the summer, many leaders had become…
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Last week’s highlights RBA cuts rates to record lows The Reserve Bank of Australia cut interest rates to record lows at its monetary policy meeting last week. The interest rate cut was widely expected as the central bank attempts to…
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AMERICAN EXPRESS (AXP.N): In Graduale Recupero S2: 94,89     S1: 95,79     R1: 98.08     R2: 99,47 Il titolo Bancario Usa non brilla in chiave rialzista, con le quotazioni che sono tornate a ruotare in area 99 dopo una tenuta di…
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USDCHF Weakens Over Blue Presidency The US dollar may not have seen the end of the bearish tunnel yet. The prospect of Democrat Biden winning the US presidency had already prompted fresh selling of the dollar. Expectations of a…
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The US equity markets continue with a volatile week, on account of various narratives. Last week, the S&P500 index managed to recover the losses from the week before. After the doji formation near the support level, the index managed…
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The precious metal gained strong momentum as it initially approached the key resistance level of 1929.80. The bullish gains saw a sharp move to the upside with the 1967 level as the next key target. It is possible for gold prices to…
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Oil prices continued to pullback after the gains over the week that saw the 38.83 level of resistance being tested. The declines have put price action to trade within the 38.83 and 36.51 levels in the near term. The support level near…
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The British pound sterling posted gains on Friday and is now a few pips shy of posting a two-month high. Price closed above the 1.3122 level of resistance on Friday. But with price action consolidating only above this level, we could…
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The common currency continued with a four-day winning streak, closing with gains on Friday. The price action over the week in the EURUSD reversed all the losses from the previous weeks. As a result, the euro closed at 1.1875 into…
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