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LegacyVA Updated 

We've seen the "Reversal rising wedge" on weekly time frame. Every rising wedge has bearish character. This means a rising wedge reverses bullish trends and continues bearish trends. At the same time, every falling wedge has bullish character. So, falling wedges reverse bearish trends and continue bullish trends more: www.google.com

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We have been discussing cryptocurrencies frequently as of late due to Bitcoin's trend reversal from up to down. Ethereum is also trading within a falling channel . But this cryptos can rise in the long term.

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Ethereum is also trading within a falling channel. But this cryptos can rise in the long term.

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IOTA went up 6% on the announcement, while everything else fell. detail news: www.com-magazin.de more: medium.com

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Signs of bull market exhaustion in the bitcoin market may be having a knock-on effect across cryptocurrencies in general. Bitcoin (BTC) has dropped in the last 24 hours, as was indicated by the bearish reversal pattern (elliott wave retracement) on the daily charts

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Dollar sags as recovery fades amid U.S. yield decline The dollar sagged broadly on Friday after its recovery this week faded as U.S. Treasury yields declined from their recent peaks. The gold tends to be bought in times of market volatility, thanks to its perceived status as a safe haven asset.

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When usd bound back from lowest level, then UCAD be pushed.

LegacyVA Updated 

Last week, prices were up 3.08% and remain near their highest level since August 2016. A stronger dollar makes gold more expensive for overseas buyers. Expectations for a faster rate of monetary tightening outside the U.S., which would lessen the divergence between the Federal Reserve and other central banks has eroded the dollar’s relative yield attraction for...

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Forex today was a holiday in the US session, following China's celebrations of the Lunar New Year, (mainland China closed until Thursday). The NZD lost a little ground overnight as topside resistance held firms.

LegacyVA Updated 

Minutes from the ECB's January policy meeting will be published on Thursday. The ECB said it will keep its €2.5 trillion stimulus program in place for as long as needed at that meeting, and stated that there are "very few chances" that it will change interest rates this year. Despite those remarks, market players remain convinced that easy monetary policy in the...

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Bitcoin has rebounded after falling to a more than two month low of $6,000 on February 6, but the price remains more than 25% lower for the year to date. Cryptocurrency prices fell sharply at the start of the year as governments clamped down on trading and major banks implemented a ban on using credit cards to buy digital currencies. Prices were also been hit by...

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Digital assets move -- sometimes in spasms -- depending on sentiment, the tide of regulation and to some degree, correlation. In general, investors seem more likely to run to Bitcoin -1.87% at times of panic. Cryptocurrency price manipulation is unavoidable

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Digital assets move -- sometimes in spasms -- depending on sentiment, the tide of regulation and to some degree, correlation. In general, investors seem more likely to run to Bitcoin at times of panic. Cryptocurrency price manipulation is unavoidable

LegacyVA

Oil prices finished higher for a third straight session on Friday to score a weekly gain, as investors weighed OPEC's ongoing efforts to rid the market of excess supplies against indications of rising U.S. production. Strength in global stocks, which enjoyed their biggest weekly gain in six years, as well as weakness in the dollar also contributed to oil's strong...

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The Canadian dollar benefitted the least from the risk rally. Although oil prices rebounded, existing home sales and manufacturing sales were weaker than expected. However these reports are not significant enough to explain the currency’s underperformance. Instead, investors are still hopeful that Canada’s economy is going strong and we’re set to learn if that’s...

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In this week, we will focus on minutes of the Fed’s latest policy meeting with hopes the central bank will give more hints on the pace of future rate hikes this year. Staying in the U.S., a report on existing home sales will be the highlight of the holiday-shortened week. Markets stateside will remain closed on Monday for the President's Day holiday. Global...

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Recent chatter that the world's leading central banks will step back from easy policies and raise rates at a faster pace than is currently priced into the market due to a pickup in inflation has sparked a global bond market selloff this year, with yields in the U.S., Europe and Asia all spiking higher. The Australian dollar also had a nice run despite slightly...

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My setup GU for this week Happy trade everyone!