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On the daily chart, the Crude Oil commodity instrument can be seen after successfully breaking through the Failing Wedge pattern, a divergence appeared between the #CL price movement and the Stochastic Oscillator indicator. This indicates that even though there is currently a strengthening where this is confirmed by its price movement which is moving above the EMA (21) but in the next few days as long as #CL does not continue its strengthening until it breaks through and closes above 80.76, #CL has the potential to fall back down to 72.17, even if the momentum of the weakening and volatility is strong enough, it is possible that #CL will return to the level of 67.07.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
The eagle indicator has reached overbought levels. However, the metal could still reach the high around 8/8 Murray, which represents a strong barrier for gold. Below this area, we could
From what is seen on the 4-hour chart, the EUR/GBP cross currency pair appears to be moving above the EMA (100), which indicates that Buyers dominate the currency pair
With the appearance of Convergence between the price movement of the main currency pair USD/JPY with the Stochastic Oscillator indicator and the position of the EMA (100) which is above
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
From what we see on the 4-hour chart of the Nasdaq 100 index, there are several interesting things, namely, first, the price movement is moving below the MA (100), second
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