FxPro - Analytics

FxPro

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Gold is under pressure, although c.banks are mostly buying

Gold lost 1% to $1850 on Friday, declining under pressure from the overall pull from risky assets. For short-term traders, it is also telling that this decline mostly erased the gain...

Citibank Wave Analysis – 3 June, 2022

Citibank recently reversed down from the key resistance level 54.00 (the former monthly low from March and the monthly high from April)

Apple Wave Analysis – 3 June, 2022

Apple recently reversed down from the pivotal resistance level 150.00 (former multi-month low from March) intersecting with the 38.2% Fibonacci correction of the downward impulse fro...

AUDUSD Wave Analysis – 3 June, 2022

AUDUSD today reversed down exactly from the key resistance level 0.7265 (top of the previous minor correction (iv) from last month) intersecting with the 50% Fibonacci correction of ...

WTI Wave Analysis – 2 June, 2022

The downward reversal from the resistance level 115.00 created the Bearish Engulfing, which started the active minor corrective wave (iv).

EURJPY Wave Analysis – 2 June, 2022

The breakout the resistance level 138.15 accelerated the active minor impulse wave (iii), which belongs to the higher order impulse wave 3 from last month.

GBPCAD Wave Analysis – 2 June, 2022

The upward reversal from the support level 1.5795 stopped the earlier minor impulse wave (v) from the end of May.

GBPUSD Wave Analysis – 1 June, 2022

The downward reversal from the resistance level 1.2635 started the active minor corrective wave (b).

FTSE 100 Wave Analysis – 1 June, 2022

The downward reversal from the resistance level 7630.00 stopped the previous minor corrective wave (ii).

Where gold’s downtrend is heading

Gold has shed its position for the second day in a row, losing more than 1% during that time, and that might be just the beginning of a new downside wave, which will potentially take...


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