2021

The precious metal has been trading within the confines of the 1760 and 1676 levels for over a month. Price action remains within the downtrend as seen from the larger declining price channel. Within this price channel, we also have a…
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GBPUSD meets critical support The pound falls back as traders take profit after a strong performance from the start of the year. The price action has retreated to March’s low at 1.3670, a support on the daily chart to keep the…
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SILVER (XAGUSD): Reazione Tecnica Per L’ Argento S2: 24.16     S1: 24.69     R1: 25.70     R2: 26.15 Come commentato nel precedente report, l’Argento dopo l’esplosione rialzista con target centrato in area 30, cioè su 2 STDV…
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EURUSD struggles amid lockdowns A pullback of the US dollar has given the euro some breathing room but economic divergence may keep the latter under pressure for a while. A string of upbeat US data has helped shift sentiment in…
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General​ Motors​ is temporarily shutting down more auto plants, due to a global chip shortage. The company announced it would shut production at two US​ plants and this has caused supplies of vehicles at #dealerships​ to get extremely…
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There is always tension between suppliers and consumers of any product. But, when they are national strategic assets like oil, that tension takes on an extra dimension. The US has a particularly unique position in that face-off, being…
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The EURUSD formation shows a bullish impulse, with the bearish correction ④ being completed. This took the form of a double (W)-(X)-(Y) zigzag. At the time of writing, the market is building the initial part of the primary wave ⑤, which…
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GER 30 consolidates near record high The German index has come to a halt as investors reassess their over-optimism amid a third wave across the continent. While the bias remains bullish, the price’s cross below the moving averages…
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