Category: Chart
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Chart Art: WTI Crude Oil (USOIL) Triangle Breakout Retest Levels
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Did you miss the opportunity to breakout the triangle pattern on WTI crude oil? It is best to watch these Fibonacci retracement levels in case the price retests! Crude Oil WTI (USOIL) 4 hours Chart by TradingView It looks like crude oil has chosen a downward path on the triangle…
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Chart Art: Triangle Pattern Forming on WTI Crude Oil (USOIL)
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Are oil prices about to rise soon? This is a short-term consolidation pattern that I am watching on the hourly chart of WTI Crude Oil. Crude Oil WTI (USOIL) 4 hours Chart by TradingView Negative price pressures have been weighing on this energy commodity, as weaker growth expectations in the…
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Analyst Sees ‘Most Beautiful’ Chart Pattern
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Once again, the popular cryptocurrency Dogecoin (DOGE) is making a comeback. Popular crypto analyst JD recently revealed his very positive view on DOGE, which has excited traders and investors. Related reading Based on what he described as one of the “most beautiful charts” he had seen in his long trading…
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Analyst Sees ‘Most Beautiful’ Chart Pattern
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Once again, the popular cryptocurrency Dogecoin (DOGE) is making a comeback. Popular crypto analyst JD recently revealed his very positive view on DOGE, which has excited traders and investors. Related reading Based on what he described as one of the “most beautiful charts” he had seen in his long trading…
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Chart Art: Another Major Pullback on Gold (XAU/USD) Soon?
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Gold prices have been rising recently but are currently holding at a key resistance area. Will the channel resistance hold and force the precious metal to retreat? Better keep your eyes open for a possible correction to these levels! Gold (XAU/USD) 4 hours Chart by TradingView Speculation of monetary easing…
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Chart Art: Bitcoin (BTC/USD) Retracing to Former Support Zone
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Did you miss the Bitcoin double top breakout? The price recently fell through the neckline of this reversal pattern, indicating that a long-term slide is in progress. The BTC/USD pair looks set for a quick retest of the area of interest, so keep your eyes peeled in case the trend…
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Chart Art: Spot Gold (XAU/USD) Is Trading Near The Top Of A Long-term Range!
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The overall weakness of the US dollar helped push spot gold prices to multi-week highs. Is the technical resistance level a trigger for a downtrend in the commodity? Or will we see a launch in the next few days? Gold (XAU/USD) 4 hours Chart by TradingView In case you missed…
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Chart Art: USD/CAD’s Area Of Interest Near 1.3600
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The USD/CAD pair is testing a key area of interest before the US releases its June inflation reports. Will the pair stay within its current range? Or is it ready to go? USD/CAD currency pair on 4-hour chart Chart by TradingView The US dollar has been losing ground against its…
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Chart Art: Gold (XAU/USD) Triangle Break and Retest
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Did you miss the opportunity to break the triangle on gold? I see a potential opportunity to jump on a quick withdrawal! Take a look at these support areas on the 4-hour chart. Gold (XAU/USD) 4 hours Chart by TradingView Remember the descending triangle formation we spotted on gold a…
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NZDUSD Technical Analysis – A look at the chart ahead of the RBNZ decision
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Basic Overview The US dollar has been broadly weaker since last Friday following the weak US non-farm payrolls report. The data showed further slowdown in the labor market with the unemployment rate rising and wage growth declining. Basically we have an economy that is slowing but still growing. We will…
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Chart Art: Trend Retracement Opportunity For WTI Crude Oil (USOIL)
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Earlier this week, US crude oil prices fell from the $84.40 area for the second time this month. Are Oil Prices Heading Down? Or Are Bulls Taking a Break? Crude Oil WTI (USOIL) 4 hours Chart by TradingView As we mentioned today Daily Market SummaryCommodities such as crude oil have…
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Chart Art: Major Correction Brewing on USD/JPY?
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Are we finally seeing signs of a pullback in the USD/JPY rally? The pair retreated after reaching a ceiling at the key psychological level of 162.00 and looks ready to drop to nearby Fibonacci retracement levels. This is the correction area I am watching on the 4-hour chart. USD/JPY currency…
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Chart Art: AUD/USD Ascending Triangle Pattern
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Take a look at this classic chart pattern on the 4-hour time frame of the AUD/USD pair! Is the pair preparing for a breakout soon? Or are we about to see more consolidation? These are the near turning points I’m watching. AUD/USD currency pair on 4-hour chart Chart by TradingView…
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Chart Art: Is Gold (XAU/USD) Ready to Break Out Soon?
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I see a number of classic chart patterns on the 4-hour time frame for gold. Do you think the precious metal is about to breakout? And in which direction will it go? Check out the upcoming turning points I’m watching! Gold (XAU/USD) 4 hours Chart by TradingView Gold has formed…
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Why Is This BTC Chart Super Bullish?
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Bitcoin is trending higher in spot market prices, having surpassed $63,000 on June 30 before pulling back. Despite the momentum, the price action is a source of debate. However, some are skeptical, believing there is a reason for its value to rise to such exaggerated levels. Analyst: Bitcoin Is Overvalued,…
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Chart Art: Is WTI Crude Oil (USOIL) Ready For Another Leg Higher?
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US crude oil prices look poised to break a technical consolidation level. Will this lead to another rally for the commodity? The 4-hour chart may give us more clues: Crude Oil WTI (USOIL) 4 hours Chart by TradingView WTI Crude Oil (US Crude Oil Prices) currently has candles above $82.00,…
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Chart Art: Downtrend Pullback For USD/CHF?
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The rally in USD/CHF from the previous week pushed the pair to a key technical resistance level this week. Can the bulls maintain their momentum? Or is USD/CHF ready to extend the long-term trend? USD/CHF currency pair 4 hours Chart by TradingView As you can see, the USD/CHF pair made…
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Chart Art: GBP/CAD’s Potential Support Near A Long-term Area Of Interest
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GBP/CAD is having trouble extending the downtrend despite a bullish CAD report. Will this extend the pair’s weeks-long upward trend? We look at the daily chart for more evidence: GBP/CAD Forex Daily Chart by TradingView In case you missed it, Canada just dropped its May CPI numbers which showed faster-than-expected…