AlmightyPips

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Technical & Fundamentals mentioned in post.

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GBP gaining strength after UK signaled OCT 15 deadline to get a trade deal done with the EU will continue further. USD losing strength over US Speaker Pelosi and Treasury Secretary Mnuchin failing to reach a coronavirus compromise. COT - Chicago Mercantile Exchange - GBP NON Commercial Contracts Long = (40.6k) ( +1,482) ...

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Price broke out of resistance, and has had 4 major rejections to a higher price signaling a reversal. Price action looks bearish... oilprice.com oilprice.com

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Watch for market open, if price action is bearish and does not want to stay above 42 its going to be a strong sell

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Technical analysis only. Candles show bearish engulfing in a h4 timeframe, this should be a continuation to previous resistance and act as support.

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Oil Bears still have control of the market. The Ascending Channel broke out to the downside and bulls have currently retested. My assumptions are the bears are still in control which will lead to a reversal following this retest towards 35 possibly.

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Broken Support. London Session Quickly wiped out NY sesh gains, on US30, positively correlating currently very strong. NAS100 shows strong support break and bearish engulfing patterns.

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BTC has broken below support. Price has retested previous support and is acting as new resistance. I believe it can touch as low as 7200, although weekly 200 SMA points to mid 6000's

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The central theme this week has seen a stronger USD, observing the DXY it has had a strong bullish breakout. Although strength on the USD is robust and it seems to have gained off of a sentimental safe haven boost. The US stock indices have had a strong sell off today. US President Donald J. Trump mentioned the outcome of the election will end up in supreme court....

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Technical and Fundamental.

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Technical & Fundementals

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Sell Execution at current market price is valid as well aside from limits suggested. If weekly candlestick closes bearish i will hold short. So far price has only had 1 tap upwards as a retest. MM method expecting possibly 2-3 more touches upwards. Stop hunting is expected to hit final sell limit at 11250 --- Recommended to split intended lot size into 4...

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Price respected monthly resistance(Red), and broke monthly support(blue). The weekly support(black) was broken as well. Australian Dollar COT Report = 63.8k non commercial short contracts vs New Zealand COT Report 27.2k non commercial short contracts as of 05/26/20

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Technical & Fundamental. -Elliot Wave. Retest from bullish flag channel breakout. Sell Limit @ 25,600 Take Profit @ 24,000 Buy Limit @ 24,000

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www.investing.com Technical & Fundamental

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Technical & Fundamental Analysis

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48.8k Long non commercial contracts on Japanese Yen Vs. 27k Short BOJ Outlook & JPY Monetary Policy on Monday April 27 2020 Major USD news all month, Flash Manufacturing PMI, Retail Sales, Unemployment etc. @ www.forexfactory.com Stimulus packages keep coming, USD data expected to be very weak....

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This my understanding of the current oil situation. If everything goes good on Thursday USOil can have an extremely bullish daily move. Fundamentally we might not have the right demand conditions to sustain a sentimental boost. If it does boost and if it does not break below 20 it can most likely remain bullish. Recommended to trail SL in profit. SL in profit may...