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The record high of about USD 2,130 an ounce was set just after the weekend in low-liquid Asian markets. By the nature of the movement, it looked more like a cascading triggering of sellers’ stop losses, rather than finding a stable balance between supply and demand, since after the candle with a long upper tail, the quote began to fall. During the European session...

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December begins extremely optimistically for the cryptocurrency market, resembling: → December 2020, when bitcoin grew by 46.9%; → December 2017, when bitcoin grew by 38.9%; → December 2016, when bitcoin grew by 30.8%. If there are psychological patterns in the increase in demand on the eve of the holidays, then perhaps they come into force, since on the morning...

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The Average Directional Index is a highly-respected tool in many traders’ arsenals, capable of measuring the strength of market trends. This article delves into two ADX-based strategies, exploring how to combine this tool with other popular indicators like RSI and EMA for a well-rounded trading system. Understanding the ADX Trend Indicator The Average...

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On the morning of Friday, December 1, the UK stock market index rose to its November highs. This was facilitated by the fundamental background: → among the UK100 growth leaders are shares of companies mining ore and other resources. As metal prices rise and industry in China shows signs of recovery; → general sentiment on the world's stock markets due to the fact...

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This morning, 1 USD was selling for less than 1.354 Canadian dollars – for the first time since October 1st. The strengthening of the Canadian dollar and the weakening of the USD was facilitated by the news published yesterday: → Canada's real gross domestic product (GDP) grew by 0.1% in September, which exceeded analysts' expectations and reduced the relevance...

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NZD/USD is rising and could extend its increase above the 0.6185 resistance zone. Important Takeaways for NZD USD Analysis Today · NZD/USD is gaining bullish momentum above the 0.6120 support. · There is a key bullish trend line forming with support near 0.6140 on the hourly chart of NZD/USD at FXOpen. NZD/USD Technical Analysis On the hourly chart of...