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The cable during this year eases 4.75% (YTD). The 8-hour chart shows a corrective cycle of intermediate degree compounded by three waves. We observe a wave (C) in progress, which at this time runs in a minor wave 4.

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In previous articles, we discussed the positive correlation between Silver and Gold. In the same way, we covered the long-term structure developed by Silver. In this post, we'll review what to expect from Silver for the coming days.

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The EURGBP cross in the hourly chart shows an Ending Diagonal pattern which calls for declines. As says the theory, the bearish divergence indicates not only the exhaustion of the previous movement; it's also indicative of the presence of a wave 3 and 5. You can read more about this and other EW trading setups in our post "Understanding Corrective Waves – Part II...

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Gold prices rose again on Thursday after topping the $1,500 mark in the previous session, as central banks around the world slashed interest rates amidst fears of a global recession.

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Litecoin moves in a Horizontal channel. The Stochastics, which is the most reliable indicator on sideways movements, tells that the reversal should commence soon.

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Ethereum broke the upward trendline, although currently, the price is at a support level($224). If broken it could continue to the next support ($218). The MACD is bearish while the Stoch is turning up, suggesting a short-term bottom.

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Ripple seems to be moving in a horizontal price channel. Currently is moving down and weak. The MACD is bearish. The price is close to where it bounced on different occasions so it is likely there could be a reversal price action soon.

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Bitcoin has been halted four times in less than a week at the $12,000 level. The price is retracing its last 4H bullish candle while the MACD is still bearish. The price is visiting the mid-line of the Bollinger bands. Also, the upward trendline continues holding the prices.

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During this trading session, Gold strikes the $1,500 reaching the $1,510.43 level. The golden metal reaches the highest level since 2013, advancing 17.41% (YTD).

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Crude Oil (CL) met the first bearish target at $51.55 as was commented in our long-term wave analysis on July 28 (read more). In our previous post, we mentioned the formation of a flag pattern, which called for a new decline. Once the price made a bounce completing a three waves sequence, the price started to continue the bearish path.

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Monero, out of the top 20 coins, is the only one to keep the pace of Bitcoin. Right now it is moving in a steep upward trend. Everything seems to fit, except the Stochastics that show overbought conditions. Therefore, it could be good to wait for a pullback to get in.

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Nano is strong today. The price made two consecutive bullish candles, although with little volume. This put the price above the pennant-like price structure. The MACD is turning bullish also.

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Brent Crude Oil is moving in a descending channel, but close to a reversal, that might happen tomorrow or next Friday, if it continues behaving as previously.

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Letecoin price movements after its halving event have been quite bearish. Currently is crossing another trendline showing an increase in the downward momentum. Its price is below the -1 Bollinger line, the MACD is also in a bearish phase. A reversal candlestick with strong volume is needed to start thinking of buying it.

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Ethereum had a strong rejection of the 235.76 resistance. The price went back to the Bollinger Bande mid-line which, as we see acts as a support of the trend. The issue we see is that the buying volume is too thin to believe in more upward price action. We would need a close past 228.11 to start thinking about going long.

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Ripple is reversing its bearish momentum and hading up. It seems ready to search the highs of the range it is moving in. MACD, Stochastics and also the latest candlestick formation indicates this.

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Bitcoin has been rejected yesterday from its movement above $12,000. We can observe that the price is still held by the upward trend line. The MACD is in a bearish phase and stochastics descending, though, so we expect more consolidation time ahead.

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Our scenario After a bearish sequence, the GBPJPY 1-hour chart shows bounce signals. The double bottom pattern provides us with the possibility of a potential bounce. Once the price broke up and soared over the previous daily high, we foresee that the cross could start a bullish cycle. Our scenario will activate if the GBPJPY breaks and closes above 129.816. The...