2021

The precious metal broke past the 1850 level of support on Tuesday. The declines come as price action was consolidating between the 1850 and 1874 levels. If the current pace of decline continues, then we expect to see a move to the…
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Crude oil price finally broke out from the range it has been in for nearly three weeks. The strong upside breakout pushed the commodity toward a new one-year high. A pullback is likely to occur in the near term toward the upper range…
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The British pound sterling is extending declines after losing the support from the trendline of the ascending wedge pattern. With price action now clearing the ascending wedge pattern, further downside is likely. As the Stochastics…
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The euro currency finally fell to the support level of 1.2050, testing the level more firmly. While price action is trading below this level, we could expect to see some consolidating taking place. The Stochastics oscillator is also…
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Shares in US energy company Chevron have been under pressure over recent weeks with the company’s stock price reversing from 2021 highs in the mid 95s to current lows around mid 86. The failure at the mid 95s is the second time that Chevron…
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At this point, everyone knows about the Main Street vs Wall Street battle started on Reddit against Hedge Funds. It's awesome that trading is getting a lot more attention. But while it's fun to talk about, savvy traders need to look…
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USDTRY has witnessed a dramatic fall from record highs at the back end of 2020. Sinking to a 6-month low, prices now test the lower $7 region with momentum firmly resting to the downside. Prices attempted to test the long-term resistance…
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Greenback Looks Firm on ISM The dollar index closed 0.53% higher on Monday after finally maintaining its grip above the 91 handle. ISM figures saw manufacturers growing a bit slower in January. However, it also showed that companies are…
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