dailyforex.com-technicalanalysis
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USD/MXN: Correction Expected to Extend with Breakdown - 04 December 2020
Mexico continues to struggle with the Covid-19 pandemic, and new daily infections tick higher.
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DAX 30: Lack of Bullish Momentum to Spark Profit-Taking - 04 December 2020
Germany is on course to overtake Mexico as the eleventh most infected Covid-19 country as soon as today’s update and likely to enter the Top Ten...
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EUR/USD Forecast: Showing Signs of Gravity Again - 04 December 2020
After what has been a massive amount of bullish pressure in the Euro, it looks as if it is starting to show a little bit of gravity in the interim.
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GBP/USD Forecast: Grinding Towards Major Resistance Barrier - 04 December 2020
Traders are anticipating some type of Brexit deal coming out in the next few days.
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USD/JPY Forecast: USD Breaks 104 JPY Level - 04 December 2020
The US dollar fell during the trading session on Thursday to break down below the ¥104 level.
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WTI Crude Oil Forecast: USD Puts Pressure on Crude Oil - 04 December 2020
The West Texas Intermediate Crude Oil market has recovered from an initial pull back during the day on Thursday as we finally got an announcement...
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AUD/USD Forecast: Looking to Break Out - 04 December 2020
This is a market that should continue to go higher given enough time due to the fact that the US dollar itself is getting hammered.
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S&P 500 Forecast: Moving on Dips Going Forward - 04 December 2020
The market will be looking at the 3600 level with special interest as there has been so much in the way of resistance
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NASDAQ 100 Forecast: Gives Up Early Gains - 04 December 2020
The NASDAQ 100 initially tried to rally during the trading session on Thursday but gave back the gains as the markets are waiting to see the jobs...
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Silver Forecast: Stagnant Going into Jobs Number - 04 December 2020
The silver market went back and forth during the trading session on Thursday, as we continue to dance around the 50 day EMA.
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Bitcoin Forecast: NFP Influences the Bitcoin Market - 04 December 2020
Bitcoin rallied slightly during the trading session on Thursday as we continue to sit just below the $20,000 level.
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Gold Forecast: Markets Continue to Look Strong - 04 December 2020
Gold markets have rallied a bit during the trading session on Thursday as we continue to see gold rally rather significantly.
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DAX Index: Support Levels Look Vulnerable Short Term
The DAX Index has opened trading this morning with weaker sentiment and is challenging support levels which appear vulnerable.
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USD/BRL: Sudden Move Lower Creates New Range Short Term
The USD/BRL has broken lower in the past day and is testing a price range it has not traded in since mid-September.
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USD/MXN: Long-Term Technical Support Now Being Challenged
The USD/MXN is near crucial long-term support and speculators should pay close attention because fireworks may develop.
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GBP/USD Forex Signal: Breaking the 1.3400 Resistance
The GBP/USD fell from the 1.344 resistance point again, and is still in a state of accidental fluctuation that the pair has been trading in for...
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EUR/USD Technical Analysis: Holding on to Gains
Since the beginning of this week’s trading, the bulls have had a stronger control over the EUR/USD performance.
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GBP/USD Technical Analysis: Renewed Brexit Fears
GBP/USD gains may collide with concerns over possible failure in the Brexit negotiations at a very crucial time.
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Gold Technical Analysis: Upward Correction Attempts
For three trading sessions in a row, the price of gold is moving in an upward correction range and pushed towards the resistance level at $1838 an...
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USD/JPY Technical Analysis: Weak Upward Correction Attempts
News surrounding coronavirus vaccines and President Trump's transition initiation caused losses to the safe haven USD.
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USD/INR: Speculative Playground as Indian Rupee Remains Fast
The USD/INR has seen another rather vicious move upwards early this morning as reversals come fast and hard.
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AUD/USD Forex Signal: AUD at Highest Levels in 3 Months
The pair is currently trading at its highest levels in three months and at strong resistance levels.
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USD/ZAR: More Downside Expected Following Brief Advance
The upside potential remains reduced to its 61.8 Fibonacci Retracement Fan Resistance Level, providing Forex traders with a secondary selling...
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USD/SGD: Bearish Pressures Rise inside Support Zone
With deteriorating conditions for the US economy and the US dollar, Forex traders should sell any rallies from current levels.
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BTC/USD Forecast: Bitcoin Continues to Pressure $20K
Bitcoin pulled back a bit during the trading session on Wednesday, only to find buyers yet again.