Technical Analysis

I still don’t trust it, but buyers are making a play on the sharp run higher I have not been a big fan of the GBPUSD of late. It has had an overabundance of very volatile up and down price action (which is different than non-trending). It does not have a rhythm. Case in point, the price tumbled
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Is the consolidation over? Look at the title of this new report from Goldman Sachs. That’s the kind of thing to get anyone’s attention: “Without a surge in the use of copper and other key metals, the substitution of renewables for oil will not happen,” they write. Copper is certainly surging today, up 2% to
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Holds gains on the day, but in a neutral area The GBPUSD opened the NY session with strong gains that took the price above its 100 hour MA.  However, for most of the NY session, the price corrected lower, falling back below the 100 hour MA currently at 1.3748.  On the way, the pair fell
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Tests a swing area…. The USDCHF as point to a new session low and in the process is testing a swing area between 0.92127 and 0.92222. On March 4, the price broke higher and based in that area before surging to the upside. Swing lows on March 16, March 17, March 22 and March 23 all based in that area.  Traders may look to lean against
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Oil flat today I did a video recently where I talk about the importance of watching markets that aren’t moving and aren’t grabbing headlines. At the moment, that’s oil. WTI is flat today and looks like it will stack up another doji star on the chart. It’s normally one of the most-volatile assets but it’s
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The low today stalled at swing area.  Price is between 100/200 hour MA The AUDUSD is stuck in a range (stuck in the mud) which has mostly been between 0.7577-87 on the downside, and 0.7653-63 on the topside.   The low today stalled at the upper end of the lower range at 0.75877. The high today
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