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Technical Analysis in Trading: A Beginner’s Guide

Technical analysis is a trading discipline that analyses investments based on price movements, historical trends, and market data. Unlike fundamental analysis, which examines economic and financial factors, technical analysis focuses on patterns and statistical indicators to forecast future price movements. This guide explores the key aspects of technical analysis and how traders can apply it …

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Daily Market Analysis 05.07.2022: US2000

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Instrument: US2000 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1720.4 with Take Profit at 1724.2 Bearish Preference: Sell position is envisaged if price trades below price 1701.9 with take profit at 1696.1 Fundamentals:No Major Fundamental Comment:U.S. stock index futures fell on Tuesday, with investors weighing the possibility of an economic recession as central banks across the …

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Daily Market Analysis 06/12/2021: AUDUSD

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Instrument: AUDUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 0.70646 with take profit at 0.70659. Bearish Preference: Sell position is envisaged if price trades below 0.70200 with take profit at 0.70027. Fundamentals:No major fundamental Comment: During Friday’s the daily RSI on AUD/USD cracked through 20, a rare occurrence, which highlights just how extreme the …

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Daily Market Analysis 06/10/2021: OIL

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Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 82.57 with take profit at 82.96 Bearish Preference: Sell position is envisaged if price trades below 81.53 with take profit at 81.25 Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil hit a multi-year high on Wednesday above $83 a barrel, supported by OPEC+’s refusal to ramp …

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Daily Market Analysis 13/09/2021: USDJPY

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Instrument: USDJPY Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 110.164 with take profit at price 110.227. Bearish Preference: A sell position is envisaged if price trades below price 110.053 with take profit at price 109.988. Fundamentals: No major fundamental. Comment: Last Friday, we held the view that ‘the weakness in USD could PUSH ABOVE 109.50 first …

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Daily Market Analysis 23/08/2021: USDJPY

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Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.002 with take profit at 110.132. Bearish Preference: Sell position is envisaged if price trades below 109.834 with take profit at 100.732. Fundamentals:No major fundamentals Comment: USD traded between 109.55 and 109.88 last Friday, narrower than our expected sideway-trading range of 109.55/110.05. Momentum indicators are still ‘flat’ and …

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