EUR/JPY has formed a bullish Adam and Adam 1-2-3 pattern and we should see a continuation move to the upside. The pattern looks very similar to W pattern but
it is more V-shaped, with two double legged bottoms. (1 and 3). Above 121.45 the price will target 121.54, 121.99 with a potential towards 122.53. ATR projection is 122.03 so that could be the intraday target.
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12-01-2020, 04:33 PM #1
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Trades For the Week Ending 17th January
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12-01-2020, 04:35 PM #2
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NIKKEI
Given the early price action and the current price at 8098.00, the direction of the December E-mini NASDAQ-100 Index the rest of the session is likely to be determined by trader reaction to 8094.75.
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12-01-2020, 04:36 PM #3
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DAX30
European Equities: Brexit and Economic Data from Germany in Focus
Futures point to a positive open, leaving the majors in the hands of Brexit chatter and economic data out of Germany later this morning…
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12-01-2020, 04:38 PM #4
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Gold
Gold Price Forecast – Confirmed Breakout in 2019, Most Investors Still Asleep
Gold confirmed a new bull market in 2019, but most investors remain distracted. Record low gold eagle coins sales support a psychological turning point in 2020.
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12-01-2020, 04:39 PM #5
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NZDUSD
NZD/USD Forex Technical Analysis – Strengthens Over .6632, Weakens Under .6618
The NZD/USD closed at .6635 on Friday, putting it on the strong side of the downtrending Gann angle. This is a sign that the buying may be greater than the selling at current price levels.
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12-01-2020, 04:41 PM #6
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RIPPLe
EOS rose by 0.34% on Saturday. Following on from an 8.28% surge on Friday, EOS ended the day at $2.9945.
A mixed start to the day saw EOS fall to an early morning intraday low $2.9301 before making a move.
Steering clear of the first major support level at $2.7495, EOS rallied to a late intraday high $3.1242.
EOS broke through the first major resistance level at $3.0999 before sliding back to sub-$3 levels.
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12-01-2020, 04:43 PM #7
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AUDUSD
The close over the support cluster formed by the pair of Gann angles at .6892 and .6894 along with the 50% level at .6893 was impressive. If traders continue to respect this area as support then look for a possible rally into at least .6925.
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12-01-2020, 04:44 PM #8
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USDCAD
The Prospects of USD/CAD Rebound Continuation
The technicals indicated high likelihood of an upswing, and the pair obliged by moving higher recently. Great, but with quite a move behind us already, let’s assess further appreciation potential as it stands right now.
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12-01-2020, 04:45 PM #9
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CAC40
he CAC40 and EuroStoxx600 also found support, rising by 0.19% and 0.31% respectively.
Easing market fears of a proxy war across the Middle East led the markets to switch focus to trade as the U.S and China prepare for phase 1 of the trade agreement.
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12-01-2020, 04:47 PM #10
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Silver
Silver has really not started to move like the other precious metals. Gold is up over 45% since 2016. Palladium is up over 350% since 2016. Silver is up only 29% since 2016. The Gold to Silver ratio is currently at 86.7 – very near to the highest level on record going back over 25 years.
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