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On the daily chart, it can be observed that crude oil has rejected the crucial 71.67 resistance as sellers entered the market to position for a drop back towards the 65 level. For the buyers, they will require the price to break above this resistance in order to start targeting the major trendline around the 76 level. Interesting enough, there are two banks given...

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From a technical perspective, AUD/USD has potential to further its upward movement. The daily chart indicates that technical indicators are trending sharply lower and are well above their midlines, yet not presenting overbought circumstances. Meanwhile, the pair is trading above bullish moving averages, with the 20 Simple Moving Average (SMA) showing upward...

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In European trading hours, the Pound Sterling endeavors to establish a firm position above 1.3300 against the US Dollar. The short - term outlook for the GBP/USD pair remains strong as it stays above the 20 - day Exponential Moving Average (EMA), which is close to 1.3150. Previously, the GBP/USD strengthened following its recovery from a corrective movement...

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Technically, the $2,600 round - number level, which is also the all - time high reached on Wednesday, may present some resistance before the $2,613 - 2,615 zone. This $2,613 - 2,615 zone represents the upper edge of a short - term ascending trend channel that has been in existence since June and should function as a crucial pivot. Since the oscillators on the...

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On Friday, the USD/JPY is trading at around 142.30. An analysis of the daily chart shows that the pair is in a consolidation phase within a descending channel, which favors a bearish view. Moreover, the 14 - day Relative Strength Index (RSI) stays below the 50 - level, reaffirming the existing bearish perspective. Looking at the downside, the USD/JPY pair could...

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EURUSD continued its rising trend at the expense of USD, as market expects more Fed rate cut to come. ECB: Market price in one more cut this year Fed: Market price in 75bps cut this year. Technical: Resistence: 1.12 and 1.1275 (July 18, 2023, high) Support level to watch 1.113 (SMA 20), 1.11 (Fibonacci 23.6% retracement) and 1.1080 (SMA 100).

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As u can see, daily Gold is basically above SMA 24, pulling Moving Averages above and above. Stop Loss: Three consecutive Daily close below that SMA 24. Otherwise, Increase position everyday Gold above SMA 24. Fundamentals: Fed start rate cutting cycle by 50bps, as well as geopolitical uncertainties all benefits gold.