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Today, the market for Gold is revisiting a resistance zone that it encountered previously. There is a divergence in the Relative Strength Index (RSI), along with a potential formation of a double top pattern, indicating a potential downward pressure on the price towards the previous support area. Our analysis suggests a bearish setup in this scenario.

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Yesterday, the EUR/USD experienced a significant bullish surge, indicating a strong upward momentum in the market. Presently, the price is hovering around the 1.10120 level, which coincides with the previous resistance area. At this juncture, we are observing the potential for a short-term downward correction, aiming to retest the previous support before resuming...

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Yesterday, the USD/JPY currency pair made a notable move, ultimately finding support in the key area around 140.500. This support zone holds significance for traders, as it represents a crucial level where market participants are closely monitoring for potential trading opportunities. In light of this development, our analysis suggests that there is a compelling...

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Following our previous successful take profit on GOLD, where the price swiftly reached the designated resistance area, the market has experienced a rebound from that very same resistance zone. In light of this development, our current idea revolves around taking a short trade with the objective of targeting the next support level. The price of GOLD remains within...

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During the previous trading session, the EUR/USD currency pair experienced a notable bullish surge following the release of impactful economic news. As a result, the price sharply climbed towards the resistance area at 1.09700, where it encountered a level that prompted a rebound. Today, our focus is on observing a potential market re-equilibrium, which may...

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In the previous trading session, the USD/JPY currency pair encountered a significant level of support around the 142.000 price area. Presently, the price is exhibiting signs of a potential recovery, as indicated by the Relative Strength Index (RSI) recently exiting the oversold region. Given these developments, we are actively seeking a long trading setup in this...

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Yesterday, as predicted, gold experienced a bearish impulse and formed a double bottom pattern near the 1904.00 region. Following this reversal pattern, the price has started to rise, indicating a potential shift towards an uptrend. This emerging upward movement is expected to unfold within a bullish channel, with the previous double bottom acting as a crucial...

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The EUR/USD continues to remain within a bearish channel, and as anticipated, the price reacted accordingly yesterday. Our analysis suggests that a new bearish impulse is expected for the EUR/USD, while simultaneously projecting a bullish scenario for the USD/JPY pair. We anticipate that the price of the EUR/USD will continue to decline, resulting in an increase...

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Yesterday, the USD/JPY witnessed a significant downward movement, and today, the market opened with a new bearish impulse. We anticipate a potential rebound around the 142.800 region, which aligns with the 50% and 61.8% Fibonacci retracement levels. This rebound could potentially pave the way for a fresh upward impulse, allowing the pair to resume its...

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As anticipated, the price of gold has experienced a decline after retracing towards the previous resistance level, which coincided with a dynamic trendline. The current market analysis suggests the potential for a bearish impulse in the coming days, particularly considering the upcoming economic releases of the ADP Non-Farm Employment Change and Unemployment...

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After yesterday's take profit, the EUR/USD pair could potentially experience a new bearish impulse today following the release of upcoming news. If the USD/JPY pair exhibits a bullish impulse as expected, it could further support the bearish sentiment for EUR/USD, leading to a continuation of the downward movement. The economic releases of the ADP Non-Farm...

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Today, there is a potential bullish impulse for USD/JPY as the price remains within an uptrend. The upcoming economic releases of the ADP Non-Farm Employment Change and Unemployment Claims could serve as catalysts for driving the price higher. The ADP Non-Farm Employment Change data provides insights into the private sector job growth in the US, which can...

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Gold (XAU/USD) continues to trade within a well-defined bearish channel, indicating a prevailing downward trend in the market. The recent price action has seen a retest of the previous support area, which now serves as a crucial level of resistance. Additionally, the dynamic trendline is also intersecting with this resistance zone, potentially strengthening its...

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The EUR/USD pair remains within a bearish channel, in line with our previous analysis, as it continues to exhibit a downward trajectory after rebounding from the previous resistance area. The price action suggests the emergence of a new bearish impulse, reinforcing our bearish outlook for this currency pair. The bearish channel signifies a consistent pattern of...

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After a rebound from the previous resistance area, the NZD/USD pair is showing signs of a potential new bearish impulse towards the lower side of the chart, aiming for the previous support area. The recent price action suggests a shift in momentum and a possible continuation of the downward trend. The NZD/USD pair had encountered significant resistance in the...

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EUR/GBP has continued to strengthen as anticipated, and the price, following the rebound from the previous support level, appears poised for a new bullish move. The main trend of EUR/GBP is currently sideways or range trading, indicating an opportune moment for both buying and selling the pair when it reacts to support and resistance levels. It's important to...

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The EUR/USD currency pair remains entrenched in a bearish momentum, while the USD is striving to regain strength. Following a previous rebound from the resistance zone, the price of EUR/USD is potentially poised for a new bearish impulse within a broader bearish channel. Given this market setup, our focus is on a short continuation trade. The prevailing bearish...

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The GBP/AUD currency pair has formed a double top pattern and is currently consolidating within a specific range. This consolidation suggests that the price might experience a significant downward breakout, aligning with the prevailing trend. Therefore, we are actively seeking a short trading opportunity