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19.01. Fresh trading analysis: global markets rise, oil is up

19.01.2021

Technical reviews

Tuesday, January 19th, today’s news—European markets rise on positive earnings reports and optimistic sentiment in the US and China. Dow Jones is up more than 100 points after a losing week, oil rises, markets await the Senate testimony by the Treasury Secretary nominee Janet Yellen, Treasury yields rise, dollar is …

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Gold analysis

19.01.2021

Technical reviews

Gold futures contracts fluctuated in an upward sloping range during the Asian session to witness their rebound from the lowest since the beginning of December, amid the bounce of the US dollar index, the second session in a row from its highest since the 21st of the same month, according …

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AUDUSD analysis

19.01.2021

Technical works

The Australian dollar versus the US dollar found strong support at 0.7665, to rebound to the upside and head towards a possible re-test of the previously broken support of the ascending channel, which turns into an important resistance now at 0.7745, where the price needs to stabilize below this level …

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Amazon stock analysis

19.01.2021

Technical reviews

Amazon stock continues in the sideways track above the support level 3114.40 despite breaching the support level of the ascending channel that it was moving within last month.

The moving averages are pressing the price further downwards as the 7-20-50 moving averages form a very strong resistance level above the …

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EURUSD technical analysis

19.01.2021

Technical reviews

EURUSD

The pair found support at 1.2060 as the moderate optimism returns to the market. This may lead to a local rebound, but the growth will be limited, as investors await tomorrow’s monetary policy decision by the ECB.

Technical side:

The price is located below the middle Bollinger band, above …

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GBPAUD analysis

19.01.2021

Technical reviews

GBPAUD

The overall trend is downward. Ascending patterns of the H4 and H2 levels are truncated. Awesome Oscillator shows bearish divergence, while Stochastic Oscillator signals overbought condition. A breakout of 1.7626 will result in the formation of a descending pattern, which completed the ascending truncated pattern of the H2 level. …

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Trading idea for the Kraft Heinz Company (NASDAQ)

19.01.2021

Technical reviews

#KHC

The overall trend is upward. The stock is trading in the range of the lower limit of the ascending price channel. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined …

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18.01. Fresh trading analysis: European markets are down, dollar is stronger

18.01.2021

Technical reviews

Monday, January 18th, today’s news—China's economy grew 2.3% in 2020, but the consumer spending fell. European markets are down, dollar is stronger, gold is falling, oil rally ends as coronavirus cases mount. The price of Brent oil is $54.98, WTI—$52.37, EUR/USD is at 1.2062, GBP/USD—1.3521, gold is $1,829.20 per ounce. …

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Gold analysis 2021.01.18

18.01.2021

Technical reviews

The price of gold confirmed the breach of the 1830.00 level after closing last Friday’s trading below it, and completed forming a descending triangular flag pattern that supports the chances of achieving more expected decline during the coming period, aiming to visit the 1800.00 level as a next stop.

Therefore, …

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AUDUSD analysis

18.01.2021

Technical reviews

The Australian dollar against the US dollar achieved a clear breakout of the support level of the ascending channel and settled below it, and is approaching forming a double top pattern whose features appear in the image, its confirmation level is at 0.7665, which means that breaking it will confirm …

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