2021

The current AAPL structure hints to a ①-②-③-④-⑤ impulse of the primary degree. Horizontal wave ④ ended, taking the form of a contracting triangle. The construction of the impulse wave (1) and the bearish correction (2) is also complete.…
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AUDCAD holds in a continuous ascending channel since the back end of 2020, hitting yearly highs in the process. After the last downward move to the lower channel in December, prices have propelled and broken out of the upper channel.…
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As a forex trader, you are probably always on the lookout for the next tool that can help advance your trading plan, sharpen your strategy, and keep you at the forefront of your field. However, has it occurred to you that the most useful…
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Greenback Cannot Make Up Its Mind The dollar index closed 0.38% higher on Wednesday, breaking through the 90 ceiling once again. Early reports suggest that the size of the US President-elect Joe Biden's stimulus plan has ballooned to…
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Inventories Fall Again Crude prices have continued higher this week. The market extended its 2021 gains by a further 4%. Crude prices were helped higher this week by the latest report from the Energy Information Administration. The…
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Price action in the precious metal remains mixed. In the medium-term outlook, the current consolidation near the 1850 level is likely to signal a bearish flag pattern. But price action needs to post a strong close below the 1850 level to…
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Crude oil prices are likely to signal a correction if the price action closes with a Doji. This comes after a steady patch of gains that pushed the commodity to an 11-month high. Given the strong pace of gains, prices are likely to make…
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The British pound sterling is posting losses following the solid gains made from earlier in the week. After briefly rising close to 4th Jan highs near 1.3702, the cable gave back the gains intraday. This has led to a bearish close.…
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The euro currency is resuming its decline as the USD is making a rebound following the one-day slump on Tuesday. As a result, the euro currency formed a lower high above the 1.2200 level. With the Stochastics oscillator also signaling a…
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Shares in IBM are trading in the green ahead of the US open on Wednesday. The company’s stock price has been enjoying a firm rally over recent months, trading up from the mid 105 October lows to highs of above 130 as of last week. Though…
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