Category: Pullback
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FX Watch: USD/CHF’s Potential Pullback Levels This NFP Week
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The USD/CHF pair is rapidly approaching a potential resistance area ahead of the closely watched US labor data. Will the pair continue its trend in the coming days? If you missed last week’s FX reading, you should know that the US dollar regained some ground after positive US reports eased…
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FX Watch: USD/CHF’s Potential Pullback Levels This NFP Week
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The USD/CHF pair is rapidly approaching a potential resistance area ahead of the closely watched US labor data. Will the pair continue its trend in the coming days? If you missed last week’s FX reading, you should know that the US dollar regained some ground after positive US reports eased…
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‘Buy Nvidia pullback,’ Apple named Top AI Pick By Investing.com
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Investing.com – Here are analysts’ biggest moves in artificial intelligence (AI) this week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! Nvidia Share Buyback Declines – UBS, BofA Wall Street analysts are urging investors to take advantage of the recent pullback in Nvidia (NASDAQ:) shares.…
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Chart Art: EUR/NZD Long-Term Breakout and Pullback
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This forex pair has recently broken out of a daily triangle consolidation pattern, indicating the beginning of a long-term trend. Is the rally fading or is it just a retest? Take a look at these turning points on the long-term chart! EUR/NZD Daily Currency Pair Chart by TradingView After consolidating…
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Chart Art: EUR/NZD Long-Term Breakout and Pullback
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This forex pair has recently broken out of a daily triangle consolidation pattern, indicating the beginning of a long-term trend. Is the rally fading or is it just a retest? Take a look at these turning points on the long-term chart! EUR/NZD Daily Currency Pair Chart by TradingView After consolidating…
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Updated 2024 outlook for copper stocks following a pullback By Investing.com
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Copper stocks have been under pressure in recent months, driven by a 16% drop in prices from record highs in May. Despite this correction, RBC Capital Markets analysts believe copper could find a floor near its current levels, at around $4.00 per pound. Analysts point out that while global economic…
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Bitcoin Observes Pullback To $58,000: Is This The Cause?
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Bitcoin has seen a dip to $58,000 over the past day. Here’s what might be behind it, according to on-chain data. Exchanges have seen a large number of Tether withdrawals recently. According to data from market intelligence platform In the massCentralized exchanges recently saw outflows of Tether (USDT) exceeding $1…
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Bitcoin Observes Pullback To $58,000: Is This The Cause?
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Bitcoin has seen a dip to $58,000 over the past day. Here’s what might be behind it, according to on-chain data. Exchanges have seen a large number of Tether withdrawals recently. According to data from market intelligence platform In the massCentralized exchanges recently saw outflows of Tether (USDT) exceeding $1…
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Chart Art: NZD/JPY’s Potential Pullback Resistance Area
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The NZD/JPY pair has recovered sharply this week after days of heavy losses! How high can the NZD/JPY pair go before the bears appear in the forex market again? We are heading into the daily time frame for key turning points to watch out for! Daily currency pair NZD/JPY Chart…
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FX Watch: AUD/JPY’s Potential Pullback On RBA’s Event
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The Reserve Bank of Australia is up this week! Markets are pricing in a “neutral” event that could pave the way for a “buy the rumors, sell the news” scenario for the AUD. But what if the AUD extends its downtrend instead? In case you missed last week’s FX recap,…
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Chart Art: Bitcoin’s (BTC/USD) Trend Pullback Opportunity
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As we reported in today’s broad daily market summary, the U.S. Securities and Exchange Commission has approved six ETFs for Bitcoin (ETH), and they are set to begin trading as early as Tuesday. It is no surprise that Bitcoin is facing some downward pressure as traders consider the possibility of…
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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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TA of the Day: XAU/USD Minor Pullback?
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Is gold (XAU/USD) Just a slight decline or will it continue to decline? you welcome in Teaching Assistant for Today (Tauted)! Here is the 1 hour chart: XAU/USD 1 hour Chart by TradingView Using pure technical analysis, let’s analyze gold. Technical analysis of XAU/USD (Gold) on the hourly chart Exponential…
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TA of the Day: GBP/USD Pullback Imminent?
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you welcome in Teaching Assistant for Today (Tauted)! he GBP/USD Is withdrawal imminent? Here is the daily chart: Using pure technical analysis, let’s analyze today’s chart. Technical Analysis Moving averages: 200 day simple moving averageThe price is at 1.2578, which is an important support level. The price is currently above…
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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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Deutsche Bank says S&P 500 pullback is coming By Investing.com
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Strategists at Deutsche Bank suggest that the pair could be on the cusp of another pullback, following a previous successful prediction earlier in April when they predicted a pause in the market rally. Their predictions proved accurate as the S&P 500 saw a 4.6% decline in the two weeks following…
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Bitcoin Braces For 10-20% Crash, Top Analyst Cites 90% Chance Of Pullback
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Bitcoin (BTC), the largest cryptocurrency on the market, has once again taken the lead in the cryptocurrency scene. However, this time it comes amid a sense of caution among investors due to macroeconomic data, especially from the United States. Additionally, the resulting outflow is over $600 million from the primary…
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Bitcoin Braces For 10-20% Crash, Top Analyst Cites 90% Chance Of Pullback
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Bitcoin (BTC), the largest cryptocurrency on the market, has once again taken the lead in the cryptocurrency scene. However, this time it comes amid a sense of caution among investors due to macroeconomic data, especially from the United States. Additionally, the resulting outflow is over $600 million from the primary…
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Chart Art: GBP/AUD’s Pullback From an Uptrend
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The GBP/AUD pair is struggling to find direction after hitting technical resistance late last week. In case you missed it, the release of the US Non-Farm Payrolls report on Friday caused a spike in volatility among the major currencies of the US Dollar. Among volatile currencies, the British pound outperformed…