AUDUSD reversed from resistance level 0.6270 Likely to fall to support level 0.6200 AUDUSD currency pair recently reversed down from the resistance level 0.6270 (former multi-month support from the start October of 2023, acting as the resistance after it was broken yesterday). The downward reversal from the resistance level 0.6270 stopped the previous minor correction […]

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WTI broke daily Triangle Likely to rise to resistance level 70.90 WTI crude oil today broke the resistance trendline of the daily Triangle from the end of October, inside which the price has been moving from October. The breakout of this Triangle continues the active short-term impulse wave (iii) of the higher order impulse wave […]

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USDJPY keeps firm tone in holiday-thinned trading on Thursday and pressuring last Friday’s peak at 157.92 (the highest since mid-July). The pair is on track for the fourth consecutive weekly gain and for over 5% monthly advance in December. Hawkish signals from Fed on expectations that inflation will remain elevated for some time and continue […]

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Forbes analysts predict 2025 will be a pivotal year for Bitcoin, solidifying its position as a global financial asset. Their key forecasts include: → Regulatory Shifts: A change in SEC policies is expected to foster growth in the cryptocurrency sector, driving the cryptocurrency market capitalisation from approximately $3.3 trillion to $8 trillion. → Strategic Reserves: […]

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EURJPY, Daily In the Daily timeframe, EURJPY broke the trend line after a short-term decline and is consolidating at an important resistance. On the Alligator, the lips crossed the jaw, indicating the possibility of further upside. We can consider buying EURJPY on consolidation above 163.500 with a target to 166.500;

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Key Highlights Ethereum found support near $3,100 and corrected some losses. ETH traded below a key bullish trend line with support at $3,680 on the daily chart. Bitcoin price must settle above $100,000 to start a fresh increase. XRP could gain bullish momentum if it clears the $2.50 resistance. Ethereum Technical Analysis Ethereum declined heavily […]

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GBPUSD finds strong support in 1.2480 region But upside momentum struggles to take off GBPUSD has managed to hold above the 1.2500 mark this week following last week’s post-Fed tumble that pulled the pair to the lowest since May, hitting 1.2474. The slide reinforced the medium-term downtrend line as a strong resistance wall, but now […]

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Forex trading is slowing down as the holidays approach, offering a pause after significant movements driven by various news events, including central bank decisions. Notably, NZD/USD reached its lowest level since October 2022 at the end of last week. The decline in NZD/USD has been influenced by two main factors: 1. The dollar gained momentum […]

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Despite the Federal Reserve’s hawkish stance and the upcoming inauguration of Donald Trump, who has frequently discussed the possibility of new trade tariffs, EUR/USD and GBP/USD managed to find medium-term support last week. Both pairs are now attempting to recover toward recent highs. GBP/USD Last week, GBP/USD broke below the November low at 1.2480. However, […]

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Key Highlights AUD/USD declined heavily below the 0.6380 and 0.6350 support levels. A major bearish trend line is forming with resistance near 0.6280 on the 4-hour chart. EUR/USD is consolidating below the 1.0450 resistance zone. Gold is attempting to recover above the $2,620 pivot level. AUD/USD Technical Analysis The Aussie Dollar started a major decline […]

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USDJPY reversed from key support level 156.35 Likely to rise to resistance level 158.00 USDJPY currency pair recently reversed up from the key support level 156.35 (former resistance from November, acting as she support after it was broken last week). The upward reversal from the support level 156.35 continues the active minor impulse waves iii […]

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Nasdaq 100 reversed from strong support level 21000.00 Likely to rise to resistance level 22000.00 Nasdaq 100 index recently reversed up from the strong support level 21000.00 (former resistance from the start of November), intersecting with the support trendline of the daily up channel from November and the 50% Fibonacci correction of the upward impulse […]

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Formally, inflation figures and lower-than-forecast expectations helped the market to find ground for a rebound. However, the declines of the previous days may have broken the backbone of the bull market. A couple of technical signals indicate this. Primarily, there is a series of 11 sessions of declines in the Dow Jones. This is one […]

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CADJPY, Daily In the Daily timeframe, CADJPY formed a symmetrical triangle pattern. The price is testing the upper trend line and MA50. At the same time, the lips crossed the jaw of the Alligator, indicating a possible upside. If the bulls push the price above the trend line and 109.000, the upside to 111.200 will […]

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USDCHF, H2 USDCHF is navigating within a symmetrical triangle, sandwiched between the 0.8950 resistance and the 0.8920 support. The price breaks above the DEMA and TEMA, while the RSI breaks below the 50-line. If the price breaks above the upper trendline, the next target will be at the 0.8990 resistance. However, breaching below the 0.8920 […]

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With the holiday season underway, this week may be less volatile than the previous one, which was dominated by central bank decisions. This presents an opportunity to analyse the broader trends and outlook for gold prices in 2025. The XAU/USD chart reveals that gold prices have been moving within an ascending channel, gaining approximately 27% […]

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Gold price started a fresh decline below $2,665. Crude oil prices are now struggling to clear the $70.00 and $70.50 resistance levels. Important Takeaways for Gold and Oil Prices Analysis Today Gold price climbed higher toward the $2,665 zone before there was a sharp decline against the US Dollar. A key bearish trend line is […]

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Key Highlights EUR/USD started a recovery wave from the 1.0350 zone. A key bearish trend line is forming with resistance near 1.0450 on the 4-hour chart. GBP/USD is facing hurdles near the 1.2650 and 1.2720 levels. Bitcoin and Ethereum gained bearish pace and declined below key support levels. EUR/USD Technical Analysis The Euro traded as […]

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EURCHF falling inside minor impulse wave 5 Likely to fall to support level 0.9250 EURCHF currency pair continues to fall inside the minor impulse wave 5, which started earlier from the pivotal resistance level 0.9430 (standing well above the upper daily Bollinger Band), which has been reversing the price from the start of October. The […]

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USDCHF reversed from resistance zone Likely to fall to support level 0.8860 USDCHF currency pair recently reversed down from the strong resistance zone located between the round resistance level 0.90000 (which has been reversing the pair from the idle of last year) and the upper weekly Bollinger Band. The resistance level 0.90000 was further strengthened […]

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