NZD/CAD Breakout Signals Continued Upside Potential

In today's analysis, I would like to draw your attention to the New Zealand dollar to Canadian dollar pair, where a very interesting bullish situation is unfolding. Looking at the bigger picture, a large symmetric triangle pattern marked with white lines is evident. On May 15th, the price broke out to the upside, activating a buy signal. Later, at the end of May and beginning of June, the price broke another key resistance around the 0.841 area, marked in orange, confirming the positive sentiment.

Following the breakout, the price climbed higher before experiencing a drop, which is not unusual as it represents the broken resistance being tested as the nearest support. Currently, the price has successfully bounced off this orange support, maintaining the bullish sentiment.

In conclusion, as long as the price stays above the orange support, the outlook remains positive, and we can anticipate further rises. However, if the price falls below the orange support, it would signal potential bearish developments and could be an invitation to go short.

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6/5/2024 9:50:48 AM
Bullish Signal on USD/PLN as Key Resistance Breaks

Some time ago, we were analyzing the exotic pair American Dollar to Polish Złoty, available on our platform, which trades quite technically. Initially, the price was approaching a key downtrend line marked with white and a significant horizontal support marked in yellow.

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NVIDIA's Rise Propels NASDAQ to Record Highs
Analysis
6/6/2024 7:16:22 AM
NVIDIA's Rise Propels NASDAQ to Record Highs

Good morning, traders! We’re starting the day with some groundbreaking news in the tech world. NVIDIA has surpassed Apple, making it the second most valued company globally, just behind Microsoft.

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Platinum Faces Resistance After Key Support Break
Analysis
6/6/2024 8:41:25 AM
Platinum Faces Resistance After Key Support Break

In today's analysis, let's delve deeper into the current setup for platinum, which is showing a strong sell signal. During the latter half of May, platinum formed a pennant pattern, marked by orange lines, and broke to the downside, triggering a sell signal.

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Sugar Surges Above Key Resistance, Signaling Buy
Analysis
6/6/2024 9:14:00 AM
Sugar Surges Above Key Resistance, Signaling Buy

In this analysis, let's revisit Sugar, which was previously in a pronounced downtrend. Initially, the price descended, forming a rectangle pattern marked in yellow, then continued its descent, creating a flag pattern marked in white.

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Markets Await U.S. Jobs Data on a Busy Friday
Analysis
6/7/2024 5:59:49 AM
Markets Await U.S. Jobs Data on a Busy Friday

Good morning traders! Welcome to Friday, the first Friday of June, and a crucial day for market participants. Yesterday, Thursday, was a relatively quiet day but had its moments of significance.

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USD/JPY Approaches Critical Breakout Ahead of Payroll Data
Analysis
6/7/2024 6:58:40 AM
USD/JPY Approaches Critical Breakout Ahead of Payroll Data

In today's technical analysis, let's dive into the American Dollar to Japanese Yen (USD/JPY) as we approach a critical juncture.

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Short-Term Gains vs. Mid-Term Risks: Palladium's Market Outlook
Analysis
6/7/2024 7:33:40 AM
Short-Term Gains vs. Mid-Term Risks: Palladium's Market Outlook

Yesterday, we analyzed Platinum, and today I want to highlight Palladium, which presents an intriguing situation we've mentioned before.

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Market Awaits US Inflation Data Amid Mixed Signals from Commodities and Currencies
Analysis
6/10/2024 5:56:24 AM
Market Awaits US Inflation Data Amid Mixed Signals from Commodities and Currencies

As we step into a new trading week, all eyes are set on the highly anticipated US inflation data and the interest rate decision, both slated for Wednesday. These pivotal events are expected to significantly influence market sentiment and trading activity throughout the week.

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British Pound Faces Critical Test Against US Dollar
Analysis
6/10/2024 6:10:26 AM
British Pound Faces Critical Test Against US Dollar

This week promises to be pivotal for the American dollar, with significant data releases including inflation figures and an interest rate decision. The market is bracing for heightened volatility, which is also likely to impact the British pound, given a similarly busy economic calendar.

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Market Sentiment Turns Negative for Ethereum
Analysis
6/10/2024 7:48:11 AM
Market Sentiment Turns Negative for Ethereum

Hello traders! Today, let’s delve into the recent movements of Ethereum. Back in May, Ethereum was showing promising signs as it bounced off a green support line, leading to a significant upswing.

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NVIDIA’s Modest Gains Post-Split; Precious Metals Lag Behind
Analysis
6/11/2024 7:56:18 AM
NVIDIA’s Modest Gains Post-Split; Precious Metals Lag Behind

As we dive into Tuesday's market movements, the spotlight is on NVIDIA following its first day of trading post-split, closing with a modest gain just shy of 1%.

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Bitcoin Nears Critical Support: Will the $67,000 Level Hold?
Analysis
6/11/2024 8:37:54 AM
Bitcoin Nears Critical Support: Will the $67,000 Level Hold?

In today's analysis, let's delve into Bitcoin's current technical landscape. Recently, Bitcoin has been heading lower, but this trend might soon find a pivot point. Over the past few weeks, Bitcoin has been trading within a well-defined rectangle pattern, marked in yellow.

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Inflation and Fed Decision Set to Shake Markets
Analysis
6/12/2024 4:48:26 AM
Inflation and Fed Decision Set to Shake Markets

Good morning, traders. Welcome to Wednesday, a day set to bring high volatility, particularly for the dollar. Today, we await the crucial US inflation data, expected to hold steady at 3.4% year-over-year.

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DAX Resilience: False Breakout Signals Potential Upswing
Analysis
6/12/2024 5:06:13 AM
DAX Resilience: False Breakout Signals Potential Upswing

Yesterday, we observed fascinating moves on the indices. Initially, prices collapsed sharply in the first half of the day. However, as American traders returned to the market, prices surged significantly higher. On the German DAX, a crucial horizontal support level at 18,390 points, which had held in May and early June, was breached.

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NZD/CAD Breakout Signals Continued Upside Potential
Analysis
6/12/2024 5:24:33 AM
NZD/CAD Breakout Signals Continued Upside Potential

In today's analysis, I would like to draw your attention to the New Zealand dollar to Canadian dollar pair, where a very interesting bullish situation is unfolding. Looking at the bigger picture, a large symmetric triangle pattern marked with white lines is evident.

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Inflation Data and Fed Decisions Shape Market Sentiment
Analysis
6/13/2024 4:39:37 AM
Inflation Data and Fed Decisions Shape Market Sentiment

Good morning traders, welcome to Thursday! Yesterday brought significant developments with a packed calendar, finally offering some clarity. Market participants awaited Wednesday's trading eagerly due to the U.S. inflation report and the FOMC statement, press conference, and rate decision.

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Bearish Bounce or Bullish Breakout? WTI's Key Resistance Test
Analysis
6/13/2024 4:59:32 AM
Bearish Bounce or Bullish Breakout? WTI's Key Resistance Test

In this analysis, let's delve into the recent performance of WTI crude oil. Throughout June, WTI has shown impressive gains, climbing from $72 to $78 per barrel. This strong uptrend, however, encountered a significant obstacle yesterday as the price met a critical resistance at the red downtrend line. This line connects the lower highs since the beginning of April.

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Dow Jones' Bearish Flag Pattern Signals Potential Downtrend
Analysis
6/13/2024 5:39:02 AM
Dow Jones' Bearish Flag Pattern Signals Potential Downtrend

Wednesday brought a rollercoaster of activity on the indices, driven by CPI data and an interest rate decision accompanied by a hawkish statement, significantly boosting momentum on both the dollar and indices. Let's delve into the Dow Jones aftermath.

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Yen Plummets on Bank of Japan Decision, Dollar Gains Ground
Analysis
6/14/2024 7:37:17 AM
Yen Plummets on Bank of Japan Decision, Dollar Gains Ground

As we conclude the week, let’s delve into the significant events from Thursday and set our sights on what Friday holds for the markets.

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Wedge Pattern Break on Cable: Bearish Signals Loom
Analysis
6/14/2024 7:51:15 AM
Wedge Pattern Break on Cable: Bearish Signals Loom

In today's analysis, let's focus on the interesting developments on the Cable, British Pound to American Dollar (GBP/USD). This week started positively for the Cable, especially on Wednesday when the dollar weakened, pushing the price higher.

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DAX Faces Critical Moment: Bearish Breakout or Bullish Reversal?
Analysis
6/14/2024 8:32:00 AM
DAX Faces Critical Moment: Bearish Breakout or Bullish Reversal?

In today's analysis, we turn our attention to the DAX, which is currently experiencing a significant downturn. This sharp decline marks a notable departure from the flag pattern it has been adhering to, signified by green lines on the chart.

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Commodities Flash Red Amidst Market Uncertainty
Analysis
6/17/2024 6:59:41 AM
Commodities Flash Red Amidst Market Uncertainty

Hello traders, welcome to the start of another busy week. This week promises to be engaging with three key interest rate decisions on the horizon.

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NZD/CAD Signals Bearish Move with Triple Top Formation
Analysis
6/17/2024 7:16:02 AM
NZD/CAD Signals Bearish Move with Triple Top Formation

In today's analysis, I would like to draw your attention to the New Zealand dollar to Canadian dollar pair, where we are witnessing a classic reversal pattern. The chart clearly shows a triple top formation with the neckline marked in green.

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EUR/CAD Tests Crucial Long-Term Support: Key Decision Point
Analysis
6/17/2024 7:40:01 AM
EUR/CAD Tests Crucial Long-Term Support: Key Decision Point

In today’s analysis, we turn our focus to the Euro to Canadian Dollar (EUR/CAD) pair, which is currently at a pivotal juncture. The pair is testing a crucial long-term uptrend line that has been in place since September 2023, marked by a green line on the chart.

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Australian Dollar Strengthens After RBA Decision
Analysis
6/18/2024 5:47:10 AM
Australian Dollar Strengthens After RBA Decision

Hello traders, welcome to Tuesday! We start today with an important update from Australia, where the Reserve Bank of Australia (RBA) has kept interest rates steady at 4.35%, as expected.

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Bullish Momentum in EUR/JPY as Price Bounces Off Key Levels
Analysis
6/18/2024 6:47:26 AM
Bullish Momentum in EUR/JPY as Price Bounces Off Key Levels

In today's technical analysis, let's turn our focus to the Euro to Japanese Yen (EUR/JPY) pair, which is showing positive momentum this week and edging closer to a significant buy signal.

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EUR/GBP: Potential Reversal with Head and Shoulders Pattern
Analysis
6/18/2024 7:08:10 AM
EUR/GBP: Potential Reversal with Head and Shoulders Pattern

In this analysis, we focus on the Euro to British Pound (EUR/GBP), which recently experienced a significant collapse. While the pair has been in a long-term downtrend, the first week of June saw a dramatic drop as the price broke through a crucial horizontal support level, marked in orange.

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Diverging Trends: U.S. Indices Soar, Europe Struggles
Analysis
6/19/2024 8:27:05 AM
Diverging Trends: U.S. Indices Soar, Europe Struggles

Welcome to Wednesday! Interestingly, this Wednesday is relatively quiet in terms of the macroeconomic calendar, as American traders are on holiday, resulting in no tier 1 data from the U.S.

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Palladium Eyes Bullish Breakout After False Bearish Signal
Analysis
6/19/2024 8:57:16 AM
Palladium Eyes Bullish Breakout After False Bearish Signal

Today, we turn our focus to Palladium, which is currently pushing significantly higher and setting the stage for a potential buy signal. Recently, Palladium hit new long-term lows, marked by a yellow rectangle, indicating a false bearish breakout below the orange horizontal support.

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FTSE Approaches Key Levels for Bullish Breakout
Analysis
6/19/2024 9:19:16 AM
FTSE Approaches Key Levels for Bullish Breakout

Today, let's delve into an intriguing setup on the FTSE, the London index. Since mid-May, the FTSE has been navigating a correction pattern, forming a wedge delineated by red lines.

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Swiss Franc Weakens After Surprise Rate Cut
Analysis
6/20/2024 7:45:51 AM
Swiss Franc Weakens After Surprise Rate Cut

Welcome to Thursday! Today, American traders are back in the market, promising higher volatility. The day began with New Zealand's GDP slightly surpassing expectations. More recently, Switzerland surprised the market with a rate cut from 1.5% to 1.25%, contrary to expectations of unchanged rates.

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USD/JPY Eyes Bullish Breakout from Ascending Triangle
Analysis
6/20/2024 7:53:40 AM
USD/JPY Eyes Bullish Breakout from Ascending Triangle

An intriguing setup is currently unfolding with the American dollar to Japanese yen (USD/JPY), as it attempts to break out of an ascending triangle pattern.

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GBP/CHF Bounces as Swiss Franc Weakens
Analysis
6/20/2024 8:48:25 AM
GBP/CHF Bounces as Swiss Franc Weakens

Let's focus on an interesting setup in the British pound to Swiss franc (GBP/CHF) pair. The Swiss franc, after weeks of strengthening, is now weakening following a surprise interest rate cut in Switzerland.

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PMI and Retail Sales Data to Shape Friday's Trading
Analysis
6/21/2024 5:38:29 AM
PMI and Retail Sales Data to Shape Friday's Trading

Good morning, traders! As we wrap up the week, let's dive into the key events from Thursday and look ahead to what Friday holds.

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EUR/CAD Breaks Key Support Signaling Long-Term Decline
Analysis
6/21/2024 10:04:16 AM
EUR/CAD Breaks Key Support Signaling Long-Term Decline

Yesterday was a crucial day for the Euro to Canadian Dollar (EUR/CAD) as it broke a key support level, signaling a significant shift in market sentiment. This support, a long-term uptrend line marked in green, has been pivotal since September 2023, connecting important higher lows and helping the price climb in April and recently in June.

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Indices Await Catalysts Amid Flat Movements
Analysis
6/24/2024 7:12:41 AM
Indices Await Catalysts Amid Flat Movements

Good morning, traders! As we kick off the last full trading week of June, let's dive into the key events and current market conditions. This week is packed with significant economic data releases.

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Dow Jones Reclaims Key Support at 39,060 Points
Analysis
6/24/2024 7:18:33 AM
Dow Jones Reclaims Key Support at 39,060 Points

In today's technical analysis, let's delve into the Dow Jones Industrial Average (DJIA), which has recently moved back above a significant horizontal level at 39,060 points. This level, highlighted in yellow, has been pivotal since March, acting alternately as support and resistance.

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Positive Sentiment for FTSE as Support Levels Hold
Analysis
6/24/2024 7:47:41 AM
Positive Sentiment for FTSE as Support Levels Hold

In today's analysis, let's revisit the FTSE, the London Index, which we discussed recently. Over the past few weeks, the price has been contained within a falling wedge pattern marked by red lines.

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Canadian CPI and CB Consumer Confidence in Focus Today
Analysis
6/25/2024 6:17:16 AM
Canadian CPI and CB Consumer Confidence in Focus Today

Hello, welcome to Tuesday. Today, the market is experiencing some intriguing movements, and we have a busy calendar ahead. North America will be the focal point with the release of the Canadian CPI, which is expected to decrease from 0.5% to 0.3%. The day will end with the CB consumer confidence index, forecasted at 100.

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EUR/CHF Reverses Bearish Trend with Inverse Head and Shoulders Pattern
Analysis
6/25/2024 6:30:53 AM
EUR/CHF Reverses Bearish Trend with Inverse Head and Shoulders Pattern

Let's delve into the EUR/CHF pair today. The long-term trend for this pair has been bearish, with the price receiving heavy blows. However, it appears that buyers are ready to step in and potentially reverse the trend.

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Bitcoin Tests Key Support: Will It Bounce or Break?
Analysis
6/25/2024 7:36:46 AM
Bitcoin Tests Key Support: Will It Bounce or Break?

Let's shift our focus to Bitcoin, which has been experiencing extreme volatility recently. This heightened volatility began in March, and June has been particularly tough, with the price declining almost every day.

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Australian Dollar Soars on Strong Inflation Data
Analysis
6/26/2024 7:33:10 AM
Australian Dollar Soars on Strong Inflation Data

Hello, welcome to Wednesday. Let's first look at what happened yesterday. The inflation number for Canada surprised to the upside, but it failed to significantly lift the Canadian dollar.

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Critical Support Test for Silver: Will Buyers Prevail?
Analysis
6/26/2024 8:18:33 AM
Critical Support Test for Silver: Will Buyers Prevail?

Currently, silver is at a critical juncture. After a dismal session yesterday, the price broke the key long-term uptrend line, marked in white, adding to the bearish momentum and causing a sharp decline.

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USD/JPY Targets Upside Breakout Amid Positive Sentiment
Analysis
6/26/2024 8:26:44 AM
USD/JPY Targets Upside Breakout Amid Positive Sentiment

Promising momentum is currently observed in the USD/JPY pair. Notably, we have two ascending triangles in succession. The first ascending triangle on the left led to a breakout to the upside, resulting in a substantial rise.

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Mixed Sentiment in Indices and Commodities: Thursday Overview
Analysis
6/27/2024 6:43:46 AM
Mixed Sentiment in Indices and Commodities: Thursday Overview

Hello traders, and welcome to Thursday. Let’s dive into the current market happenings. Starting with U.S. earnings, Micron published better-than-expected earnings yesterday after market close, but traders weren't impressed, leading to an 8% drop in after-hours trading.

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Crucial Support Holds for EUR/USD: What's Next?
Analysis
6/27/2024 7:50:42 AM
Crucial Support Holds for EUR/USD: What's Next?

A very intriguing situation is currently unfolding on EUR/USD. The pair has encountered a solid support level at 1.067, highlighted in orange. This support has proven resilient, holding firm on three notable occasions: June 14th, June 21st, and again today.

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Gold's Head and Shoulders Pattern: Key Trading Signals Ahead
Analysis
6/27/2024 8:09:10 AM
Gold's Head and Shoulders Pattern: Key Trading Signals Ahead

In today's analysis, I would like to draw your attention to gold, as it is currently testing a crucial support level. Taking a step back to see the big picture, we observe a massive head and shoulders pattern marked in orange.

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Commodities Diverge: Oil Strengthens While Precious Metals Struggle
Analysis
6/28/2024 6:25:43 AM
Commodities Diverge: Oil Strengthens While Precious Metals Struggle

Hello traders, welcome to Friday morning. Let's delve into the latest market developments and what's on the horizon for today.

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WTI Oil Hits April Highs: What’s Next for Traders?
Analysis
6/28/2024 11:54:16 AM
WTI Oil Hits April Highs: What’s Next for Traders?

Let's dive into the fascinating developments with WTI oil. Today, we've seen new mid-term highs, reaching levels not observed since the end of April. This surge highlights the ongoing robust uptrend in the market, signaling strong buyer momentum.

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Sugar Defies Expectations with Strong Upswing
Analysis
6/28/2024 12:02:58 PM
Sugar Defies Expectations with Strong Upswing

A very interesting and quite surprising development is currently unfolding in the sugar market. In mid-May, sugar hit new mid-term lows, followed by a corrective phase forming a flag pattern marked with orange lines.

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European Currencies Gain as Markets Digest French Election Outcome
Analysis
7/1/2024 7:49:24 AM
European Currencies Gain as Markets Digest French Election Outcome

Hello traders, welcome to Monday. Today, we are digesting the results of the French parliamentary elections, where the National Rally won but with a smaller margin than anticipated by initial polls.

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Critical Moment for EUR/GBP as Euro Gains on French Election Results
Analysis
7/1/2024 8:07:50 AM
Critical Moment for EUR/GBP as Euro Gains on French Election Results

A very interesting setup is currently unfolding on the Euro to British Pound (EUR/GBP). The Euro has been climbing higher, bolstered by the French election results, which showed that the National Rally did not receive as many votes as previously feared, thus boosting confidence in the Euro.

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Head and Shoulders Pattern on USD/PLN Points to 3.90 Target
Analysis
7/1/2024 8:23:13 AM
Head and Shoulders Pattern on USD/PLN Points to 3.90 Target

Let's revisit the USD/PLN pair, which is showing some intriguing developments today. Following the French election results, European currencies, including the Polish złoty, are displaying notable strength.

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Eurozone CPI and Powell's Speech in Focus on a Busy Tuesday
Analysis
7/2/2024 5:05:29 AM
Eurozone CPI and Powell's Speech in Focus on a Busy Tuesday

Welcome on Tuesday! The calendar is packed today, starting with the highly anticipated CPI Flash Estimate from the Eurozone, expected at 2.5%. Later, Jerome Powell will deliver a speech, and the day will end with JOLT's job openings, which are projected to be slightly below 8 million. Earlier, we received the monetary policy meeting minutes from the Reserve Bank of Australia.

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Ethereum Struggles to Maintain Bullish Breakout
Analysis
7/2/2024 5:31:56 AM
Ethereum Struggles to Maintain Bullish Breakout

Today, let's revisit Ethereum, which we last analyzed in May when we issued a buy signal that worked out perfectly. However, since the end of May, Ethereum has entered a correction phase, forming a flag pattern marked by blue lines.

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Strong Australian Dollar Amid Positive Retail Sales Data
Analysis
7/3/2024 5:33:07 AM
Strong Australian Dollar Amid Positive Retail Sales Data

Hello traders, welcome on Wednesday, the middle of the first week of trading in July. Yesterday brought two significant data points. The CPI flash estimate from the Eurozone came slightly higher than expected but surprisingly failed to lift the Euro, making it one of the weakest currencies by day's end.

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COCOA Defies Expectations with Bullish Reversal
Analysis
7/3/2024 5:53:31 AM
COCOA Defies Expectations with Bullish Reversal

In today's analysis, I would like to discuss COCOA, a commodity we've highlighted several times on our portal. Recently, COCOA appears to be making a solid return to its bullish trend.

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FTSE Index Bounces Back After False Breakout, Bullish Sentiment Prevails
Analysis
7/3/2024 6:14:25 AM
FTSE Index Bounces Back After False Breakout, Bullish Sentiment Prevails

Yesterday saw a very positive session for indexes, and this bullish sentiment appears to be continuing into this morning before the start of the European session. I want to highlight the FTSE index from London, which initially struggled yesterday but managed to recover impressively later in the day.

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Key Test for Bitcoin at $57,000 Support
Analysis
7/4/2024 6:33:08 AM
Key Test for Bitcoin at $57,000 Support

Key developments are currently unfolding on Bitcoin as it approaches a critical horizontal support level. Over the past three days, Bitcoin has been trending significantly lower and is nearing the blue support zone around $57,000.

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Thursday Market Movements: Swiss Franc Plummets on Inflation Data
Analysis
7/4/2024 6:48:21 AM
Thursday Market Movements: Swiss Franc Plummets on Inflation Data

Welcome to Thursday! As we approach the end of the week, several intriguing market movements are taking place. Let’s dive into the calendar first. Yesterday, we witnessed weaker-than-expected ADP non-farm employment numbers, and the ISM services PMIs surprisingly dipped below 50.

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Sugar Prices Surge: Breakouts Signal Strong Bullish Sentiment
Analysis
7/4/2024 7:55:17 AM
Sugar Prices Surge: Breakouts Signal Strong Bullish Sentiment

Let's delve deeper into the current bullish scenario for sugar, which we highlighted recently. This commodity has been showing strong upward momentum due to two critical developments.

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Anticipation Builds for Non-Farm Payrolls
Analysis
7/5/2024 8:32:38 AM
Anticipation Builds for Non-Farm Payrolls

Hello traders, welcome to Friday! Let's dive into the developments from Thursday and what's unfolding this Friday morning.

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Australian Dollar Soars to Long-Term Highs
Analysis
7/5/2024 9:10:38 AM
Australian Dollar Soars to Long-Term Highs

In this piece, I want to delve into the Australian dollar versus the American dollar, which is currently trading at long-term highs. The breakout we've been anticipating has finally occurred.

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Key Support Levels Propel Silver's Bullish Run
Analysis
7/5/2024 9:31:39 AM
Key Support Levels Propel Silver's Bullish Run

Silver is currently exhibiting strong bullish momentum, reaching new midterm highs. After a significant decline at the end of June, silver swiftly rebounded, defending the key horizontal support at 28.8, marked in yellow.

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Market Opens with Euro Boost Following French Election Results
Analysis
7/8/2024 9:14:03 AM
Market Opens with Euro Boost Following French Election Results

Hello traders, welcome to Monday. We woke up to interesting developments as the leftist parties secured a surprising victory in the French elections.

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Promising Bullish Setup on USD/CAD
Analysis
7/8/2024 9:25:13 AM
Promising Bullish Setup on USD/CAD

The week is off to an intriguing start with a promising setup on the American Dollar to Canadian Dollar (USD/CAD) pair. Last week's close left us with a bullish engulfing pattern on the daily chart, a classic signal indicating potential upward momentum.

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Promising Bounce: Ethereum Eyes Key Resistance
Analysis
7/8/2024 10:04:32 AM
Promising Bounce: Ethereum Eyes Key Resistance

Ethereum is currently positioned in a very promising setup, reflecting an interesting opportunity in the cryptocurrency market. Both June and July have been tough months for cryptocurrencies, including Ethereum and Bitcoin, which are both testing key support levels.

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Cryptocurrency Key Levels and Market Sentiment
Analysis
7/9/2024 8:08:33 AM
Cryptocurrency Key Levels and Market Sentiment

Hello traders, welcome on Tuesday! We start the day with a relatively empty calendar, with the main event being Jerome Powell’s testimony about monetary policy before the Senate Banking Committee later today.

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Gold's Key Resistance Bounce
Analysis
7/9/2024 8:31:00 AM
Gold's Key Resistance Bounce

Let's analyze the current situation on gold, which is experiencing a significant bounce off a key resistance level at $2,368 per ounce.

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EUR/NZD Analysis: Bullish Breakout from Flag Formation
Analysis
7/9/2024 8:59:33 AM
EUR/NZD Analysis: Bullish Breakout from Flag Formation

In today's analysis, let's focus on EURNZD, which is currently experiencing a notable rise. This move is crucial from a technical standpoint as the price is breaking out of a flag formation, marked by green lines.

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Market Insights: Wednesday's Key Movements and Data
Analysis
7/10/2024 8:05:12 AM
Market Insights: Wednesday's Key Movements and Data

Welcome to Wednesday's market commentary. Today's calendar already delivered two crucial data points. Inflation from China came in lower than expected at 0.2%, missing the forecast of 0.4%.

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Bitcoin Tests Key Support as Recovery Attempts Continue
Analysis
7/10/2024 8:43:11 AM
Bitcoin Tests Key Support as Recovery Attempts Continue

Let's delve into the current situation with Bitcoin, which is attempting to recover from a significant drop that began at the start of July. Bitcoin is now at a crucial juncture as it tests a key support level at 57,400 points, marked in blue.

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EUR/AUD Nears Major Breakout in Descending Triangle
Analysis
7/10/2024 9:19:08 AM
EUR/AUD Nears Major Breakout in Descending Triangle

We are approaching a critical juncture on the EUR/AUD pair, where the price is constrained within a descending triangle pattern.

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Pound Surges on Strong UK GDP, Eyes on US Inflation Data
Analysis
7/11/2024 7:54:33 AM
Pound Surges on Strong UK GDP, Eyes on US Inflation Data

Hello traders, welcome to Thursday's trading session. Today is shaping up to be quite eventful from a fundamental perspective. We've already received the UK GDP data, which came in stronger than expected at 0.4% instead of the forecasted 0.2%.

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Brent Oil: Awaiting a Critical Move Around $84 per Barrel
Analysis
7/11/2024 9:05:28 AM
Brent Oil: Awaiting a Critical Move Around $84 per Barrel

In today's analysis, let's focus on Brent oil, which is currently presenting a very intriguing setup. Typically, I analyze WTI oil, but Brent's current market behavior is noteworthy. Since July 5th, Brent oil has been undergoing a correction, with today seeing further declines. A critical level to watch is around $84 per barrel, marked in blue.

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US Dollar Weakens Post-CPI: Yen and Pound Take Charge
Analysis
7/12/2024 6:19:44 AM
US Dollar Weakens Post-CPI: Yen and Pound Take Charge

Hello traders, welcome to Friday. Let's dive into the market movements from Thursday and set the stage for today’s trading activities.

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Palladium Faces Classic False Bullish Breakout and Key Support Test
Analysis
7/12/2024 7:40:20 AM
Palladium Faces Classic False Bullish Breakout and Key Support Test

In today's technical analysis, we turn our focus to palladium, which is currently experiencing a significant downward movement. The backdrop for this shift was yesterday's upswing, driven primarily by weaker-than-expected CPI data that weakened the dollar, thereby giving commodities a boost.

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USD/PLN Testing Crucial Support: Will It Hold?
Analysis
7/12/2024 8:47:00 AM
USD/PLN Testing Crucial Support: Will It Hold?

Today, let's revisit the American Dollar to Polish Zloty (USD/PLN), an often overlooked but technically interesting currency pair. Despite its exotic nature, USD/PLN respects technical analysis remarkably well.

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Market Reactions to Trump Assassination Attempt
Analysis
7/15/2024 8:15:56 AM
Market Reactions to Trump Assassination Attempt

Hello traders, welcome to Monday's market commentary. The big headline today is the assassination attempt on Donald Trump, which, while significant in the news cycle, seems to have minimal direct impact on financial markets. Over the weekend, we saw cryptocurrencies reacting with gains, potentially due to this event.

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Critical Juncture for GBP/AUD: Will the Red Support Hold?
Analysis
7/15/2024 8:58:53 AM
Critical Juncture for GBP/AUD: Will the Red Support Hold?

A lot is currently happening on the British pound to Australian dollar (GBP/AUD), and the past few days have been particularly eventful. Last week, the pair broke out of a symmetric triangle marked with green lines, moving to the upside.

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Short-Term Bullish Signal on EUR/GBP: What's Next?
Analysis
7/15/2024 11:25:37 AM
Short-Term Bullish Signal on EUR/GBP: What's Next?

Euro to British Pound is finally experiencing some bullish movement. For a prolonged period, the price was trending downward, but today, we observe a notable climb. Technically, a reverse head and shoulders formation has emerged on smaller timeframes, marked in orange.

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Oil Breaks Key Supports Amid Market Turbulence
Analysis
7/16/2024 7:13:50 AM
Oil Breaks Key Supports Amid Market Turbulence

Hello traders, welcome to Tuesday’s market update. We have significant directional movements today, but let’s begin with the key events on the calendar. The focus is on North America, with Canadian inflation expected to rise by 0.1% month-on-month and U.S. retail sales anticipated to fall by 0.3%. These figures will be crucial for North American currencies.

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Ethereum Eyes Key Supports Amidst Broader Uptrend
Analysis
7/16/2024 7:58:21 AM
Ethereum Eyes Key Supports Amidst Broader Uptrend

In today's analysis, we'll delve into Ethereum, which is undergoing a minor bearish correction within a broader uptrend. Earlier this month, Ethereum found solid support at $2,860, marked in green, which has proven to be a pivotal level.

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Triple Bottom Formation Signals Potential Upswing for USD/JPY
Analysis
7/16/2024 2:44:44 PM
Triple Bottom Formation Signals Potential Upswing for USD/JPY

The American dollar to Japanese yen (USD/JPY) is currently experiencing a bullish correction, driven by a strong rebound from key technical supports. The price has bounced off the significant white uptrend line and the yellow horizontal support, which previously acted as resistances in April and May.

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Gold and Silver Shine, Oil Struggles in Early Trading
Analysis
7/17/2024 5:42:22 AM
Gold and Silver Shine, Oil Struggles in Early Trading

Good morning, traders! Welcome to Wednesday's market commentary. The day began with significant news from New Zealand, where inflation came in lower than expected at 0.4%.

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NZD/CAD: Anticipating a Bullish Breakout from the Wedge Pattern
Analysis
7/17/2024 6:22:49 AM
NZD/CAD: Anticipating a Bullish Breakout from the Wedge Pattern

The New Zealand Dollar to Canadian Dollar (NZD/CAD) pair is currently displaying a promising setup.

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USD/JPY Plummets: Key Support Levels Breached in Bearish Turn
Analysis
7/17/2024 12:25:25 PM
USD/JPY Plummets: Key Support Levels Breached in Bearish Turn

A significant shift is occurring in the American Dollar to Japanese Yen (USD/JPY) pair, driven by a combination of a stronger Yen and a weakening Dollar.

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Gold Pushes Toward Highs as Oil Gains Momentum
Analysis
7/18/2024 8:44:20 AM
Gold Pushes Toward Highs as Oil Gains Momentum

Thursday morning has been eventful, with significant movements across various markets. Yesterday, the Canadian, Australian, and American dollars weakened sharply, while the Japanese yen strengthened considerably.

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USD/PLN Signals Strong Buy After False Breakout Recovery
Analysis
7/18/2024 9:18:00 AM
USD/PLN Signals Strong Buy After False Breakout Recovery

The American Dollar to Polish Zloty (USD/PLN) is currently showing a buy signal. Recently, the price experienced a false breakout below a key horizontal support, marked in yellow, but quickly rebounded above this level, now acting as a support.

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EUR/CHF Analysis: Key Support Breaks, But Fibonacci Level Holds
Analysis
7/18/2024 12:37:46 PM
EUR/CHF Analysis: Key Support Breaks, But Fibonacci Level Holds

The recent interest rate decision from the ECB brought no changes, and the accompanying statement was mild, bringing little momentum or volatility.

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Friday Market Outlook: Canadian Retail Sales in Focus Amidst Volatile Week
Analysis
7/19/2024 7:36:07 AM
Friday Market Outlook: Canadian Retail Sales in Focus Amidst Volatile Week

Good morning, traders! It’s Friday, and the market is buzzing with activity. Yesterday was quite eventful, highlighted by Australia's impressive job data, which exceeded expectations with a 50,000 increase in employment compared to the forecasted 20,000. This positive surprise gave a solid boost to the Australian Dollar.

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Critical Support Levels in Focus as Gold Faces Market Pressure
Analysis
7/19/2024 9:01:44 AM
Critical Support Levels in Focus as Gold Faces Market Pressure

Yesterday and the first half of today's Asian session have been particularly challenging for gold and other precious metals. Gold has entered a correction phase, causing market participants to speculate on where this pullback might find support.

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Australian Dollar's Slide: Breaking Key Support Levels Against USD
Analysis
7/19/2024 10:28:39 AM
Australian Dollar's Slide: Breaking Key Support Levels Against USD

The Australian Dollar (AUD) is having a rough day against the US Dollar (USD), marking its fifth consecutive bearish candle.

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Yen Strengthens Amidst Market Uncertainty and Commodity Slump
Analysis
7/22/2024 7:48:17 AM
Yen Strengthens Amidst Market Uncertainty and Commodity Slump

Good morning, traders! Welcome to a new week. Today brings significant news: Joe Biden has officially dropped out of the presidential race, a move that many experts had anticipated, thus causing minimal market shock.

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Gold's Critical Support: Can Bulls Stage a Comeback?
Analysis
7/22/2024 8:42:27 AM
Gold's Critical Support: Can Bulls Stage a Comeback?

The last two trading days of the previous week, Thursday and Friday, were especially tough for gold, with Friday seeing a continuous collapse in price throughout the trading hours. However, it now appears that gold has found support, suggesting the possibility of a bullish correction.

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EURUSD Nears Crucial Support: Bearish Pattern in Focus
Analysis
7/22/2024 12:19:33 PM
EURUSD Nears Crucial Support: Bearish Pattern in Focus

EURUSD is approaching a pivotal moment after a challenging week, where it formed a notable shooting star candle on the weekly chart.

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Global Indices Pullback as Yen Strengthens and Commodities Falter
Analysis
7/23/2024 6:25:03 AM
Global Indices Pullback as Yen Strengthens and Commodities Falter

Good morning! It’s Tuesday, and today's economic calendar is sparse, featuring only two significant US releases: existing home sales, expected to be just under 4 million, and the Richmond Manufacturing Index, forecasted at minus 7.

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NZD/CAD: Breaking Down from a Wedge Pattern Amid Ongoing Weakness
Analysis
7/23/2024 7:09:05 AM
NZD/CAD: Breaking Down from a Wedge Pattern Amid Ongoing Weakness

The recent weakness in the New Zealand and Australian dollars has been quite significant, and it’s particularly evident in the New Zealand dollar to Canadian dollar pair. The trouble began in early June with a false breakout above the orange horizontal resistance, marked by a red rectangle.

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Bullish Setup on Silver: Triple Bottom Pattern in Focus
Analysis
7/23/2024 12:45:04 PM
Bullish Setup on Silver: Triple Bottom Pattern in Focus

Silver is showing a very promising setup at the moment. The price is holding above a key horizontal support level around $28.77, marked in red. This support level is critical and is currently forming a bullish reversal pattern known as a triple bottom, highlighted in yellow.

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Yen Strengthens, Aussie Dollar Struggles at Key Support
Analysis
7/24/2024 7:25:59 AM
Yen Strengthens, Aussie Dollar Struggles at Key Support

Good morning on this busy Wednesday! Today’s calendar is packed, with key events that are set to influence the markets. We started the day with PMI data from France, showing a mixed bag with services exceeding expectations and manufacturing falling short. We're still awaiting further PMI releases from the Eurozone, the UK, and the US.

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Australian Dollar Nears Key Supports After Eighth Straight Decline
Analysis
7/24/2024 8:08:59 AM
Australian Dollar Nears Key Supports After Eighth Straight Decline

The Australian dollar to American dollar is currently experiencing a notable series of declines, marking the eighth consecutive bearish candle. Despite this prolonged negative trend, there are signs that this downward movement may soon pause.

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NZD/JPY Eyes Potential Reversal After Steep Decline in July
Analysis
7/24/2024 10:37:00 AM
NZD/JPY Eyes Potential Reversal After Steep Decline in July

July has been a tough month for NZDJPY, reflecting the general weakness of the New Zealand dollar and the strength of the Japanese yen. This has resulted in a steep decline, with nearly every day showing bearish movement.

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Indices Break Key Supports Amid Broad Market Sell-Off: What’s Next?
Analysis
7/25/2024 6:46:30 AM
Indices Break Key Supports Amid Broad Market Sell-Off: What’s Next?

Good morning on this Thursday! The markets are buzzing with significant movements. Starting with currencies, the Japanese yen is strengthening across the board, alongside other safe havens like the Swiss franc and the US dollar.

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GBP/USD Challenges Key Support Amid Market Turbulence
Analysis
7/25/2024 7:56:48 AM
GBP/USD Challenges Key Support Amid Market Turbulence

The markets are bustling with activity. Notably, the Australian dollar to American dollar is experiencing its ninth consecutive bearish day, raising concerns of being oversold.

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FTSE 100's V-Shaped Reversal Signals Bullish Momentum
Analysis
7/25/2024 1:55:10 PM
FTSE 100's V-Shaped Reversal Signals Bullish Momentum

London's FTSE 100 is currently experiencing a significant rally. Early in the European session, the index broke through a critical horizontal support level at 8120 points, leading to a sharp decline.

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Indices Struggle Amid Mixed Data: Anticipating Friday's Market Moves
Analysis
7/26/2024 6:22:57 AM
Indices Struggle Amid Mixed Data: Anticipating Friday's Market Moves

Good morning, traders. Let's dive into the market movements from Thursday and what to expect on Friday.

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Sugar Bounces Back: Positive Sentiment Prevails Above $17.8 Support
Analysis
7/26/2024 7:12:15 AM
Sugar Bounces Back: Positive Sentiment Prevails Above $17.8 Support

Sugar is currently showing a positive trend after a bullish session yesterday. On the H4 chart, the price bounced off the crucial grey horizontal support at $17.8, which is a positive signal for buyers.

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Perfect Trading Setup: EURJPY Signals Bullish Reversal
Analysis
7/26/2024 12:25:11 PM
Perfect Trading Setup: EURJPY Signals Bullish Reversal

Euro to Japanese Yen is presenting an exceptional trading setup, signaling the end of a bearish correction. Remarkably, the past four corrections over the last two years have all measured 1100 pips, highlighted by white rectangles, showcasing a pattern of correction equality.

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Yen and Dollar Surge, Pound Weakens in Early Trading
Analysis
7/29/2024 9:19:18 AM
Yen and Dollar Surge, Pound Weakens in Early Trading

Welcome to Monday! This week promises to be exciting with lots of volatility and market opportunities. The calendar is packed, setting the stage for a dynamic week.

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To Be or Not to Be: USD/JPY's Crucial Moment for Traders
Analysis
7/29/2024 9:43:07 AM
To Be or Not to Be: USD/JPY's Crucial Moment for Traders

The American dollar to Japanese yen (USD/JPY) is at a critical juncture, testing key support and resistance levels.

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Ascending Triangle in Focus: Key Levels to Watch on USD/CAD
Analysis
7/29/2024 12:40:36 PM
Ascending Triangle in Focus: Key Levels to Watch on USD/CAD

The American dollar to Canadian dollar (USD/CAD) is experiencing a significant bullish streak, with the ninth consecutive bullish candle forming on the daily chart.

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Yen Weakens as Commodity Currencies Rebound
Analysis
7/30/2024 6:23:01 AM
Yen Weakens as Commodity Currencies Rebound

Good morning on this Tuesday! Let's dive into the day's macro calendar and market movements. Yesterday was quiet with no significant data releases, but today promises more action.

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Bitcoin's Resistance Battle: Analyzing the Shooting Star Signal
Analysis
7/30/2024 7:14:47 AM
Bitcoin's Resistance Battle: Analyzing the Shooting Star Signal

Bitcoin is currently at a pivotal moment, testing a significant resistance level. Since March, the cryptocurrency has been oscillating within a wedge pattern, defined by white trend lines.

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GBP/CHF: Bearish Setup with Potential for Strong Sell Signal
Analysis
7/30/2024 1:34:11 PM
GBP/CHF: Bearish Setup with Potential for Strong Sell Signal

The British Pound is experiencing a decline today, while the Swiss Franc is gaining strength. This dynamic is clearly illustrated in the British Pound to Swiss Franc (GBP/CHF) currency pair. Since mid-July, the pair has been in a downtrend.

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Market Braces for Volatility on Packed Wednesday
Analysis
7/31/2024 5:31:12 AM
Market Braces for Volatility on Packed Wednesday

Welcome to a notably busy Wednesday, potentially one of the most eventful days of the summer. The calendar is brimming with critical data releases. We've already seen inflation figures from Australia, with Australia's inflation rate aligning with expectations at 3.8%.

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Silver Faces Key Resistance After July Breakout
Analysis
7/31/2024 6:26:25 AM
Silver Faces Key Resistance After July Breakout

In today's technical analysis, let's delve into Silver, which is currently at a crucial juncture, testing a key horizontal resistance level marked in blue.

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Japanese Yen Gains on Interest Rate Hike
Analysis
7/31/2024 9:29:58 AM
Japanese Yen Gains on Interest Rate Hike

A lot is happening with the Japanese Yen. Yesterday, rumors of an interest rate hike began circulating, which caused the Yen to gain strength. Today, the confirmation of the rate rise has significantly impacted the market, evident in the sharp drop of the Euro to Japanese Yen pair. This shift has altered the technical landscape.

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Fed Decision Spurs Indices Rally
Analysis
8/1/2024 6:15:52 AM
Fed Decision Spurs Indices Rally

Good morning on this Thursday, coming off an exceptionally busy Wednesday. Let's start with a recap of yesterday’s events. The Japanese interest rate hike, hinted at the day before, came to fruition, significantly strengthening the yen.

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Bitcoin's Triple Top Formation Signals Potential Downtrend
Analysis
8/1/2024 7:01:21 AM
Bitcoin's Triple Top Formation Signals Potential Downtrend

Bitcoin has been trading under the radar lately, but there's no shortage of significant developments. At the start of this week, the price tested a crucial resistance at the upper line of a wedge pattern, marked in white.

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Double Top on the EUR/AUD
Analysis
8/1/2024 11:08:49 AM
Double Top on the EUR/AUD

The EUR/AUD pair, after a prolonged ascent, is now showing signs of weakening. A key bearish formation, marked with an orange rectangle, reveals a double top pattern.

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Bearish Signals on Cocoa as Commodities Struggle
Analysis
8/2/2024 3:22:52 AM
Bearish Signals on Cocoa as Commodities Struggle

As the week draws to a close, commodities are facing significant challenges. Precious metals like gold and silver are the only ones performing relatively well. However, the broader commodities market is under pressure, with notable declines observed in various sectors.

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Indices Tumble Despite Mid-Week Optimism
Analysis
8/2/2024 9:16:26 AM
Indices Tumble Despite Mid-Week Optimism

Good morning traders, and welcome to Friday’s market commentary. Let's dive into the events shaping the markets from Thursday and what to expect today.

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EUR/GBP at a Pivotal Resistance: Breakout or Rebound?
Analysis
8/2/2024 9:42:27 AM
EUR/GBP at a Pivotal Resistance: Breakout or Rebound?

The Euro to British Pound (EUR/GBP) is at a critical point, making this an exciting time for traders. On the long-term chart, the pair is testing a key horizontal resistance level at 0.85, highlighted in green. This level was a robust support throughout 2023 and into the first half of 2024.

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Monday Market Mayhem: Yen Strength Triggers Global Sell-Off
Analysis
8/5/2024 10:24:26 AM
Monday Market Mayhem: Yen Strength Triggers Global Sell-Off

Hello traders, welcome to this highly volatile Monday, kicking off what looks like an eventful week. The roots of today's market turbulence trace back to the previous weeks, particularly with the strengthening of the Japanese yen, which has compounded various market stresses.

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Ethereum Faces Critical Support Test Amid Market Turmoil
Analysis
8/5/2024 10:53:49 AM
Ethereum Faces Critical Support Test Amid Market Turmoil

In today's analysis, let's delve into Ethereum's recent performance, which has mirrored the broader market's significant downturn. Cryptocurrencies, Ethereum included, have shown they cannot be considered safe havens in turbulent times.

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DAX: Bearish Signals and Key Support Levels
Analysis
8/5/2024 11:24:25 AM
DAX: Bearish Signals and Key Support Levels

Today, we're focusing on the DAX, which experienced a significant collapse last week. Was this expected from a technical perspective? Indeed, it was.

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Tuesday Market Commentary: USD Dominance and Indices Reaction to V-Shaped Reversal
Analysis
8/6/2024 11:56:20 AM
Tuesday Market Commentary: USD Dominance and Indices Reaction to V-Shaped Reversal

Welcome to Tuesday’s market commentary. Yesterday saw the release of ISM Services PMIs, which matched expectations.

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Bearish Momentum in Platinum: Key Support Levels Breached
Analysis
8/6/2024 12:39:45 PM
Bearish Momentum in Platinum: Key Support Levels Breached

Some commodities are performing better than others, but platinum is notably struggling at the moment. Over the past three days, platinum has experienced a series of bearish days, with yesterday marking one of its most significant declines in recent times.

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Bullish Reversal Sweeps Markets: Indices and Currencies React
Analysis
8/7/2024 12:06:47 PM
Bullish Reversal Sweeps Markets: Indices and Currencies React

Today marks a significant turnaround in the markets, suggesting that concerns about a recession might have been overblown. This bullish reversal is most evident in the indices, which are flashing green and striving to recover their pre-collapse levels.

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Strong Reversals Across Markets, Including the Japanese Yen
Analysis
8/7/2024 12:27:46 PM
Strong Reversals Across Markets, Including the Japanese Yen

Strong reversals are evident throughout the market, including in pairs with the Japanese Yen, which are experiencing V-shaped recoveries this week.

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Oil Prices Poised to Climb
Analysis
8/7/2024 3:40:09 PM
Oil Prices Poised to Climb

WTI Oil is joining the bullish trend currently sweeping the market. The reversal is not occurring randomly; it's happening at a significant level.

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Market Uncertainty Continues: Indices Rebound Amid Recession Fears
Analysis
8/8/2024 12:44:06 PM
Market Uncertainty Continues: Indices Rebound Amid Recession Fears

Welcome to Thursday. We continue trading amid recession worries and bear market concerns. However, there has been a pause in this trend due to a rebound in the indices yesterday. Despite a bearish movement at the end of the American session, today's session is showing positivity, particularly in the European markets.

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EUR/GBP: Will the Ascending Triangle Break?
Analysis
8/8/2024 1:08:41 PM
EUR/GBP: Will the Ascending Triangle Break?

Both the Euro and British Pound are experiencing corrections today. To determine which of these two European currencies is weaker, let's analyze the Euro to British Pound (EUR/GBP) pair.

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Silver's Next Move: Will It Break Resistance or Set New Lows?
Analysis
8/8/2024 2:42:06 PM
Silver's Next Move: Will It Break Resistance or Set New Lows?

Silver is currently at a critical juncture, hovering near long-term lows but showing potential for a reversal. The key resistance level to watch is at 27.5, marked in yellow. The price action at this level will determine the direction for the next few days.

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From Recession Fears to Market Optimism
Analysis
8/9/2024 3:22:19 AM
From Recession Fears to Market Optimism

Good morning, traders! As we head into the final trading day of the week, it’s time to reflect on Thursday’s market action and prepare for what lies ahead today.

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USD/CHF Flag Pattern Suggests Continued Downward Momentum
Analysis
8/9/2024 12:47:09 PM
USD/CHF Flag Pattern Suggests Continued Downward Momentum

On Friday, let's take a closer look at the USD/CHF pair, a matchup of two classic safe-haven currencies. The pair has been following a well-defined downtrend recently, and this week, we’re seeing a bullish correction taking shape.

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Classic Setup on Brent Oil: Testing Key Fibonacci and Downtrend Lines
Analysis
8/9/2024 4:04:47 PM
Classic Setup on Brent Oil: Testing Key Fibonacci and Downtrend Lines

A classic setup is currently unfolding on the Brent Oil chart, where we’ve seen significant gains this week. However, this rally may be facing some critical challenges, as the price is now testing several key resistance levels.

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Quiet Monday Start as Markets Await U.S. Inflation Data
Analysis
8/12/2024 4:01:03 AM
Quiet Monday Start as Markets Await U.S. Inflation Data

Hello traders, and welcome to Monday! The week is starting off rather quietly, with no major swings in the markets following the weekend.

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Key Week for Nasdaq: Will the Bullish Reversal Hold?
Analysis
8/12/2024 6:16:33 AM
Key Week for Nasdaq: Will the Bullish Reversal Hold?

This week is likely to provide some clarity on the direction of the indices and the future of the bullish reversal we witnessed last week.

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Precious Metals and Oil Rise as Geopolitical Uncertainty Grows
Analysis
8/13/2024 1:11:56 AM
Precious Metals and Oil Rise as Geopolitical Uncertainty Grows

Good morning, and welcome to Tuesday. Today’s economic calendar is relatively light, with the key highlight being the UK’s employment rate, expected at 4.5%.

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Cable’s Uptrend Strengthens: Watch for Profit-Taking at Resistance
Analysis
8/13/2024 1:23:04 PM
Cable’s Uptrend Strengthens: Watch for Profit-Taking at Resistance

In today’s technical analysis, we’re focusing on the Cable (GBP/USD) pair, which has been experiencing a strong upward momentum recently.

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Symmetrical Triangle in Gold: Key Levels to Watch for Next Move
Analysis
8/13/2024 2:44:20 PM
Symmetrical Triangle in Gold: Key Levels to Watch for Next Move

Gold has been on a strong upward trajectory since the middle of last week, with Thursday, Friday, Monday, and Tuesday showing particularly strong gains.

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New Zealand Dollar Weakens Sharply After Unexpected Rate Cut
Analysis
8/14/2024 2:50:36 AM
New Zealand Dollar Weakens Sharply After Unexpected Rate Cut

Welcome to Wednesday, a pivotal day for the markets. The spotlight is on the U.S. inflation report, following yesterday’s softer-than-expected producer inflation numbers, which weakened the American dollar.

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Rectangle Pattern in EUR/AUD: Key Levels to Watch for a Breakout
Analysis
8/14/2024 3:11:26 AM
Rectangle Pattern in EUR/AUD: Key Levels to Watch for a Breakout

In today's technical analysis, let's focus on the EUR/AUD pair, which has been reacting to recent developments in the currency markets.

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Watch for a Potential Short Signal as GBP/CHF Nears Crucial Zone
Analysis
8/14/2024 3:29:55 AM
Watch for a Potential Short Signal as GBP/CHF Nears Crucial Zone

A lot is unfolding on the British Pound to Swiss Franc (GBP/CHF) chart, and while it might look a bit complex with all the lines, I'll walk you through it because this setup holds a lot of potential.

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