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Dow Jones – 03.06.2024
The Dow rebounded and passed the 38600 resistance on the back of GameStop’s soaring share price. As we can see from the chart, the market still faces resistance around 38900 and 39220, while the...
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Intraday Analysis – Euro Awaiting Rate Cuts!
EURJPY hits another high The euro steadies as the ECB decides if now is the time to act on the rate cut rumours. A brief dip below 170.00 has shaken out some undecided traders, but sentiment remains...
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Nivida Worth More than Tesla & Amazon Combined!
Nvidia closed at another record high as the chip maker is now worth more than Amazon and Tesla. With Tesla having to recall some of its fleet, will this be another hit on their stock price? Timestamps...
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Intraday Analysis – USD Looking Fragile
FTSE 100(UK 100) seeking support The FTSE 100 rebounded on the recent sell-off, but it looks likely to test the recent low at 8125. A cup and handle formation has brought the index to its first key...
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EUR/USD – 05.06.2024
The Euro broke the resistance of 1.0895, which could signify an extension. On the chart, the market is facing an uptrend support of around 1.0785-95. A further advance wave could push toward 1.0980 and...
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GBP/USD – 05.06.2024
As predicted in the previous weekly chart, the GBPUSD pair managed to meet the target of 1.2800, which caused a correction. On the chart, if prices remain below 1.2800-15, a further drop is expected,...
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USD/JPY – 05.06.2024
USDJPY dropped as prices managed to test the uptrend support line around the 154.50 zone, as seen on the chart. Intraday levels show the first support around 155.80, as the market managed to hit some...
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Crude Oil – 05.06.2024
Crude Oil dropped to the target of 75.50 and managed to break further downwards and meet the second level of 73.50. As we can see from the chart, prices face an uptrend around the 70.00-50 zone, which,...
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Gold – 05.06.2024
As mentioned earlier in the week, Gold retested the support zone of 2315-20. The market is still within our trading zone, which could keep prices consolidating between the 2315 support and the 2350-55...
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Dow Jones – 05.06.2024
The Dow held prices below the resistance of 38900 and corrected towards 38250. As seen on the chart, the market still faces resistance around 38900 and 39220, while the downtrend pressure could sustain...
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