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$GBPUSD is pulling back to a strong support 1.3200-1.3250 zone where the lotrade opportunity is coming. Look for the long trades not short no matter the Brexit information volatility as the $GBP has reversed the downside

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$DXY is firmly below a long-term uptrend line but still above the key 91.80 level which could come on test really soon. In the next couple of days we will see will GBP and EUR join comoddols NZDUSD and AUDUSD which are already breaking upside resistances and gaining strength against USD.

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$USDJPY is testing the long-term uptrend line and an important downside breakout mark 113. Don't expect this one to go easy as this is a test for decades. Nikkei is gaining risk is taking off but the correlation between $DXY and $USDJPY has prevailed. Be on alert for a position short trade in the case of a break below or a long swing trade.

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$USDJPY is heavily pressured by correlation with $SPX and has slipped below an important resistances while it seems that the downside is wide open. We could see a bit of consolidation between 104.5 and 106 but a confirmed break below 104 would trigger a huge downside extension. A break above 106.300 is required for an upside reversal and a downside invalidation

04:34

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All is ready for a downside breakout but we could wait for it after the elections in USA not before. Watch the video technical analysis of the most important Indices $DJIA $SPX $NASDAQ

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$GM has always been a good indicator of $DJIA and the way it could move in the future. Last week swing high in this stock is highly unusual taking into an account indebtness and GDP fall and consumers uncertainty invoked by COVID-19. 38-38.4 is that magic line this stock needs to cross above or te be rejected from. It will be good for trading.

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$DXY is just retesting the broken upside resistance on a path to a key level test 95.70. You should use this positioning to strengthen or to build USD buy positions in the market.

05:06

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Stock Indices are testing the key levels for the complete downside reversal and deeper correction. Price action technical analysis of the $SPX $NASDAQ $NIKKEI $DAX $IBEX35

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$DXY is breaking out of the falling wedge and is on a way to the upside extension with breaking above the 93.50. The upside target is 95 now.

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$EURUSD is testing the 1.1800 level for the downside breakout after the several upside rejections near 1.2000. A break below 1.17500 will open the door for a complete downside reversal. Waiting for the short trade setup

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Ethereum is bouncing off the support 300-350 zone and could continue higher. We could expect one more possible swing down to 350 but the instrument is basing and reversing higher so you could build buying positions.

07:27

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Key levels are being tested in the stock market this week, will we see a downside breakout continuation or the upside extension? Watch the overview $APPL $TWTR $SPX $DJIA

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$SPX is testing again the breakout support of the multiple wedges 330. A confirmed break below this level would lead to a hard downside extension and a test of 3100.

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At the ongoing market price action, there is no such a clear pattern for a short trade like this one in $XAGUSD is. Silver is breaking below the market top consolidation formation market by the uptrend line. A break below 27 is an indication of further weakness and the ongoing pullback for a retest should be used for short trade entries with the stops above 28 to...

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$EURGBP is confirming the breakout below a downside resistance 0.8940 below the triangle and descending triangle This means a continuation in the range for the range low.

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$USDJPY is getting squeezed between support and resistance. Indicative levels for the upside and the downside are 106.5 and 105.80 look for the reaction and a possible breakout of this levels.

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$EURGBP is testing again the 0.9000 triangle breakout level after the falling trend line another rejection and bear flag breakout. Usually this kind of prolonged consolidation lead to a strong breakot. Medium to long-term target in the case of this breakout could be at 0.8500.

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$DXY is holding the wedge 92-92.50 support zone. We are waiting for a bounce from here as per FOMC minutes, we will probably see a possible stop hunting in USD pairs across the board before the reversal, however, if 92 fails to hold this will be a downside breakout.