Category: retracement
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AUDUSD is lower on the week, but sellers had their shot and missed below key retracement.
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The Australian dollar fell against the US dollar a week ago as a result of the stronger-than-expected US jobs report. However, the price remained above the 200-bar moving average on the 4-hour chart (green line on the chart below). It wasn’t until Monday when the price broke below this level…
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USDCAD makes a break above high from September, 100 day MA and broken 38.2% retracement
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The USD/CAD continues to move upward after reaching last Wednesday’s bottom near 1.3472. Since then, the price has risen for five consecutive days, reaching its highest level at 1.3660 in today’s trading. In the process today, the price was able to expand above the September high at 1.36467. This is…
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USDCAD makes a break above high from September, 100 day MA and broken 38.2% retracement
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The USD/CAD continues to move upward after reaching last Wednesday’s bottom near 1.3472. Since then, the price has risen for five consecutive days, reaching its highest level at 1.3660 in today’s trading. In the process today, the price was able to expand above the September high at 1.36467. This is…
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Injective (INJ) Down 20% As Market Retracement Forces Sell-Off
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They say journalists never stop working. But for Christian, this is not just a metaphor, it is a way of life. By day, he navigates the ever-changing tides of the cryptocurrency market, using words like a seasoned editor and crafting articles that decode jargon for the masses. When a computer…
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Injective (INJ) Down 20% As Market Retracement Forces Sell-Off
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They say journalists never stop working. But for Christian, this is not just a metaphor, it is a way of life. By day, he navigates the ever-changing tides of the cryptocurrency market, using words like a seasoned editor and crafting articles that decode jargon for the masses. When a computer…
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Chart Art: Trend Retracement Levels For Gold (XAU/USD)
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Where are the gold bugs? Spot gold (XAU/USD) seems ready to extend the long-term trend after touching some technical support levels. Do you think the precious metal will see new record highs this week? Gold (XAU/USD) Forex 4 Hours Chart by TradingView In case you missed yesterday’s headlines, the lack…
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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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USDCAD retraces gains on the day and tests swing area support ahead of 38.2 retracement.
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USD/CAD has now regained its previous gains in today’s trading. The price is now falling and testing the swing zone between 1.3604 and 1.3615. A move below this level would have traders looking towards the 38.2% retracement of the move up from the December 2024 low to the high price…