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Hello traders .. I hope you are all well and safe. I believe that we all know what is happening on the geopolitical scene and how the market reacts in such situations. However, this is a USD/RUB chart. I don’t usually trade RUB and this is just my view which might be a good chance to make a profit. From a technical point of view, we have a target of ABCD 1.0 that...

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Hello traders :) Today I will talk about the GBP/USD chart. If we look at the weekly chart, we can see that the trend is still bullish, just like the daily chart. So this suggests that bulls should dominate, at least in the short term. Also, if we include DMA (7x5) and plot it on a daily chart, it is clear that the trend is bullish. But what we have from pure...

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Hello everyone :) This will be a brief overview of the EUR/USD exchange rate. The technical picture for now looks pretty clear. We can expect a deeper retracement to 0.618 Fib and look for the bullish pattern at this level, because if we see the bullish pattern here and continue upward momentum then we will get the head and shoulders pattern on the daily chart...

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Sell at 0.618 retracement? There is a Fibonacci level plus an descending triangle line, so any bearish action around these levels would be desirable to enter the short. The only thing I don't like is the higher low that the pair made in previous sessions and the pair didn't have the strength to reach the bottom line of the triangle, so this is bullish. But in any...

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Hello everyone :) I hope you are all doing well. I wondered which is the most interesting instrument suitable for analysis this week and concluded that it is definitely EUR/USD. Cristhine Legarde surprised the market last week when she did not rule out an increase in interest rates this year (although it could be in the last quarter of the year, but it is still...

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Can we see the gold continue to fall? As you can see, we have had a strong decline so the question is whether this move will continue from 0.382 retracement or the bulls will dominate this market at least to 0.618 retracement (where there is also strong support). I’d rather be a seller if some bearish pattern (chart pattern or candlestick pattern) shows up.

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Hello traders :) I wonder what will happen with GBP/USD next week. As we all know, DXY showed great performance last week due to the Fed hawkishness and global uncertainty .. but still, the Bank of England needs to make its interest rate decision next week so we could see some relief from these black candles. From a technical point of view, the pair is at a...

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This is the EUR/USD weekly chart. If you look at the chart, you can see the dominance of bears until November 22nd. However, we can also see an up channel forming over the last 8 weeks and the MACD has just become bullish, so I wouldn’t rule out the option that this pair could still go higher, at least to 1.1500. Of course, there are many risks at the moment,...

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EUR / NZD may be a potential pair you want to keep an eye on in the coming days. If you look at the NZD/USD chart compared to the EUR/USD chart, you can see that the EUR looks stronger than the NZD. Also, if we look at the technical aspect, there is a potential reverse head and shoulder pattern on the EUR NZD chart and if we see a daily close above neckline and a...

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This can be a sign of exhaustion of the bulls. If you look at the chart, you can see that the pair failed to make a new higher high in the last attempt at rise. After that we were able to see the lower low and there is already a clear H&S pattern. But this can fail like everything else. I would wait for a breakout + retest. This is interesting because of the weak...

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It seems that the pair has just finished retracement to the upside and is ready to start with the main trend (which is bearish). As we see there was a rising wedge (which is interpreted as a continuation of the pattern if formed in this way). Well, I would wait to see if the pair will have the strength to retest or start to decline without it. Keep in mind that...

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EUR/USD is still in a bearish trend if you look at the weekly chart. However, the last 2 weeks have been tricky for the bulls due to a "risk on" market mood - due to the reduced fear associated with Omicron. But, I still think there is more room for bears, because the previous week has already included all the positive information in the price. So, from a...

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The pair has been on a downward trend recently, but has been recovering since early December. The bullish trend is very strong on the daily chart, but the pair failed to close above 0.618 Fibb. We also have a bear candle at this level (4h time frame). It could be a sign of the bull's exhaustion. Also, if you look at macd and rsi, you can see a strong bearish...