legacyFXofficial

legacyFXofficial

EURGBP pair on a Daily chart recently reached 0.866 - 0.8680 major resistance cluster. Then the price dropped sharply. Bears managed to break a support line of a bearish flag pattern on a daily. It may lead to a further decline. After breakout confirmation analysts looking for short opportunity, consider the retest of the broken support as the point to sell...

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BITCOIN In daily timeframe Chart, Bitcoin has been forming Descending Channel Pattern.. At the Moment, Bulls Facing 50k Crucial Resistance, if resistance got cleared, expecting bullish wave towards the 72k (new ATH ) in coming days. In Bearish scenario, if Bulls failed to clear the resistance, Bitcoin might retest the 40k support area (MA128) MA128 ( 40 .8k)...

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AMAZON INC has formed on a Daily chart huge H&S pattern. Which makes bearish mood on the stock And the price is about to retest the neckline. IF we see a breakout of the neckline, analysts expecting bearish continuation.Towards the support line below. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By...

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US OIL ON A KEY RISING SUPPORT Since last week, Oil tries to break the next resistance and head towards a new yearly high. If that is to happen, at some point we will expect the price to pullback towards the blue trendline before gaining more bullish momentum. The pair rose and started a consolidation. Analysts expect next week pullback to finish and the price on...

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At this point in time, the most important thing to pay attention to is that the area between the ¥149 and the ¥150 level continues to be a major support level and is heavily defended including the 200-EMA. However, each successive high continues to get lower so it does make a certain amount of sense that we may see an attempt to break down below the ¥149 level...

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The US dollar traded higher against all the other major currencies on Tuesday and Wednesday. The most currencies it outperformed are GBP, NZD, and AUD, while it eked out the least gains versus EUR. The rally of the US dollar across the board, especially against the commodity-linked currencies Aussie and Loonie and against the pound, which has been acting as a...

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European Central Bank President Christine Lagarde noted that inflation expectations do not point to risks of prolonged overshooting, adding that the EU still needs an accommodative monetary policy stance. On the other hand, US Federal Reserve chief Powell said that “it's fair to say” inflation is more concerning than earlier this year, citing supply chain issues....

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The 200 days EMA continues to attract a lot of attention, including the 1.3700 level, which offers quite a resistance and support in the past. The price bounced back from 1.3600 level and formed a triple bottom on a daily chart, and created a key support level to which traders from all over the world will pay special attention. If the price will turn around and...

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USD/CAD traded slightly higher after it hit once again the key support zone between 1.2580 and 1.2600 and the price step again on 200-EMA. That said, the recovery stayed limited near 1.2711. Lately, the pair has been trading in a consolidative manner, and thus, the experts will refrain from confidently calling its next trending direction. In order to start...

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Cryptocurrency Litecoin gave up a 20% gain and tumbled back to Earth following a fake press release sent out by GlobeNewswire that referenced a partnership with Walmart on September 13th. After that, on September 16th, Litecoin entered a tumbling mode after it hit resistance at $192.00. Then, on September 20th, it broke below the upside strong support line tested...

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Gold has been considered a highly valuable commodity for millennia, and the gold price is widely followed in financial markets around the world. Most commonly quoted in U.S. Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable, safe haven. Markets turn cautious, primarily inactive, as the...

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The United Kingdom delivered its inflation numbers for August, both core and headline, on a MoM and YoY basis. All readings managed to beat their initial expectations, with the most significant increases seen in the core MoM and the headline YoY figures. The core MoM one came out at +0.7% against the forecasted +0.4%. The headline YoY figure showed up at +3.2%,...

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AUDUSD ON 4 H AND Daily frame has confirmation with breakout of the support , also another descending channel has been broke to downside. The first target after continuation and breaking the strong support is 0.7200, testing the resistance of 0.7300 will give possibilities for down leg move to 0.7000. Risk Disclosure: Trading Foreign Exchange (Forex) and...

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Ethereum / U.S. Dollar ETH/USD has been In a Symetrical Triangle in Smaller Time Frame 2Hours! But The Price has already done a Break out and now is moving Upward! the Bullish Movement can be up to 3850$! there is also the matter of Crab Pattern , which is pretty visible on the chart and this pattern has fibo confirmation 1.618. Crab pattern also shows a...

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DXY nothing is critical with this change in the dollar's value because the chart has not made a lower low. First support is at 92.00, If the downward channel is broken and also the dashed line is broken, the probability to climb and see new down leg to 90.00. Dollar is weak, also upcoming CPI news can move to short targets Risk Disclosure: Trading Foreign...

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USDCAD Daily and 4-hour timeframe perspectives. USDCAD in recent times is forming an interesting formation that can be the appropriate origin for upcoming volatilities to the upside. Therefore, as when looking at my chart now we can watch there how USDCAD has formed this main bull-flag-formation above the ascending-trend-line, within this formation USDCAD has the...

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XAUUSD -The Elliott wave which reflect Market participant's psychology is in the middle of Bearish , in Intermediate range. But if its initial impulse is broken, then we need to consider that there's a change in sentiments. But so far, still Bearish mode for GOLD until break the channel downside and hit 1760. We are waiting breakout upper side the channel for...

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We can found a technical figure Triangle in the Swiss company UBS Group AG (UBSG.vx) on a daily chart. UBS Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland. UBS client services are known for their strict bank–client confidentiality and culture of banking secrecy. The Triangle has broken through the...