2021

The euro was trading subdued, with price action once again attempting to retest the resistance level near 1.2144. Price action in the EURUSD is somewhat flat with the US markets closed on account of the president’s day holiday today.…
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Shares in Uber have corrected lower from recent all-time highs. The company’s stock price has seen an impressive rally off the November 2020 lows. Price soared by over 93% off the 33 lows to highs of around 64 last week, recovering from a…
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The AMZN formation shows a large impulse wave consisting of primary sub-waves ①-②-③-④-⑤. At the time of writing, the first three sub-waves have ended, with the corrective wave ④ is under development. The primary correction ④ has a…
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Tomorrow we have the release of a couple of key economic data points from the Eurozone. While generally, GDP figures are what moves the market, tomorrow's release is the second reading of last quarter's figure. The unemployment data…
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Last week’s highlights Australia building permits jump over 10% in December As expected, the total number of building permits issued in December rose 10.9% on the month in Australia. In the previous month, building permits rose by…
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The US dollar index has been trading mixed over the past few sessions. But price action suggests that we might get to see a short term rebound in prices. On a weekly basis, the Dollar Index closed on a bearish note right after rising…
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USDJPY bounces as risk assets overheat The greenback has come to the moment of truth, after rallying to a three-month high, will there be enough buyers to sustain the momentum? Lousy job market and near-zero inflation may continue to…
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The declines in the precious metal stalled after prices once again tested the 1817.89 level of support. A retest of this level, alongside the Stochastics oscillator attempting to move out from the oversold levels, could keep prices to the…
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AUDNZD(AUDNZD): Dollaro Australiano In Ripresa S2: 1.0776     S1: 1.0792     R1: 1.0818     R2: 1.0828 AUDNZD fulcra un movimento di recupero dai minimi di inizio febbraio a 1.054, recuperando la resistenza a 1.0715, spingendo in…
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WTI Crude oil prices resumed the bullish momentum following three days of subdued trading. Prices settled at 59.55 on Friday, marking a new 11-month high. The rebound comes after oil prices briefly fell to the support area near 57.35.…
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