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EURUSD has extended its strong recovery since May 15th, and is almost at the Higher High trend-line of the Channel Up that started after the March peak. The 1D chart is naturally overbought (RSI = 79.162, MACD = 0.013, ADX = 72.893) with the RSI in particular testing the 81.00 Resistance which was set on the March 9th High. We have to go back to September 2012 in...

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Oil just broke the 4H MA200 which hasn't been touched since May 3rd. The chart is close to turning oversold (RSI = 29.01, MACD = -0.170, ADX = 32.681) so it is natural to see some buying now, especially as the Higher Low trend-line of the June Channel Up was almost touched (the dashed Channel). If it holds, we expect 42.00 - 42.50. If it breaks, we will halt...

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Sesen Bio Inc has turned overbought on the 1D chart (RSI = 86.656, MACD = 0.058, ADX = 57.197) after a strong 10 day bullish sequence that broke above both the 1D MA50 and MA200 periods, but remains a buy opportunity as the MACD remains below the 9-month High. On top of that we have an emerging Golden Cross, while the price seems to be still within the...

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AXIM has turned bullish on the 1W chart (RSI = 64.496, MACD = 0.100, ADX = 26.272) as after the break-out above the 1W MA50 (blue line), it is now on the 3rd straight week of trading above it. This is the first sustainable sequence above the MA50 in years, supported by a strong RSI. That break-out was made at the same time as the 1D Golden Cross, which is...

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MSFT made a (near) rebound on the 1D MA50. Even though the 1D chart is technically neutral mostly (RSI = 49.013, MACD = 2.140, ADX = 33.401), the RSI is providing the first strong Buy Signal since March, as it entered the 41.50 - 48.00 Buy Zone. That was a strong accumulation region from August 2019 to October 2019, so even though the price may drop some more and...

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AAPL hit last month our $350 Target we set on October 2019 when the price was trading at $229: We are turning buyers again on Apple as on the 1D chart (RSI = 54.619, MACD = 7.940, ADX = 38.567) the price made a strong rebound on the MA50 (the blue line). On top of...

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DAX is trading within a Channel Up on the 4H chart (RSI = 36.715, MACD = -1.100, ADX = 34.094) since lat June. Following the Higher High at 13,300, the index pulled back to make contact with the 4H MA50 (blue line), which last time (July 10th) provided a rebound. We expect a similar pattern but if it fails we are prepared to close the position and turn into...

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Oil is trading within a Channel Up on the 4H chart (RSI = 47.620, MACD = 0.080, ADX = 19.348) with the price currently testing the Inner Higher Lows trend-line (dashed). This is technically a buy signal based on the candle action since July 10th. If that breaks we will buy on the Channel Up bottom (Higher Low trend-line) aiming at a price near the 42.50...

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S&P is trading within a Channel Up on the 4H chart (RSI = 43.121, MACD = 1.310, ADX = 35.999) and is right now testing not only the 3,200 Support but also the Higher Low trend-line of the Channel Up. This is a bullish signal which we are taking and will close within 3,275 - 3,292, which is practically the Resistance Zone. If however the 3,200 Support breaks, we...

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Since the March 2020 1.0640 bottom, EURUSD has been on a non-stop bullish run, turning even parabolic (and overbought on RSI = 76.416, MACD = 0.010, ADX = 60.087) on the 1D chart. Since our firm focuses on long-term investments we tried to locate technically (besides the obvious fundamental reason regarding the Fed's stimulus package) and have turned to the 1M...

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Gold is trading within a Channel Up on the 4H chart (RSI = 74.518, MACD = 10.810, ADX = 59.265) since the June 5th low. We are getting a Sell Signal now as the not only did the price touch the Higher High trend-line of the Channel Up, but also the RSI made one on its own Channel Up. Typically the 4H MA50 (blue) line has worked as a Support within the Channel Up...

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NG is trading on a Channel Down on the 1D chart (RSI = 48.535, MACD = 0.007, ADX = 20.341) since the May 5th Top. The MACD is currently making a sell cross, so if the Former Higher Low trend-line breaks (dashed line), we will sell up to the 0.786 Fibonacci retracement. ** If you like our free content follow our profile to get more daily ideas. ** Comments and...

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Gold (XAUUSD) is trading within an Arc pattern on the 1H chart (RSI = 67.119, MACD = 1.180, ADX = 66.775) since the July 8th High, which is the longest consolidation it has done so since June. The MACD is on sideways bias and as long as the Resistance is not breached, we expect a new Higher Low (at least) at 1,800. ** If you like our free content follow our...

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S&P500 made a (near) Double Top on the 4H chart marginally breaking the 3,240 Resistance but failing back below it quickly and is now consolidating (RSI = 58.904, MACD = 10.230, ADX = 31.641). We may have an Ascending Triangle in the making, which even though a break above 3,242 is possible (look at MACD), there are more bias to the downside, namely the 4H MA50...

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CADCHF is trading within a Channel Down on the 4H chart (RSI = 41.228, MACD = 0.000, ADX = 32.417) after a strong rejection on its last Lower High on the MA200. The RSI is approaching the Support Zone so we expect a rebound soon. Our short-term target is 0.69500. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes...

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The pair is trading within a 1D Channel Up (RSI = 48.456, STOCH = 47.038, MACD = 0.001, ADX = 30.430) which is currently neutral as it is aiming for a new Higher Low. That can be on the 0.9585 Support, which is our current target on this pull back. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly...

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DXY is trading on a Channel Down on the 4H chart (RSI = 48.688, MACD = -0.160, ADX = 36.895) with very consistent trade lines and low pace. The 4H MA50 is acting as the Resistance, having rejected the price on every test in July. If the 95.70 June Support holds and the 4H MA50 breaks, we expect a pattern break-out towards the 97.60 - 97.80 Resistance Zone. If the...

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USDRON is currently on a strong 1D selling sequence (RSI = 38.588, MACD = -0.024, ADX = 36.022) that is testing the middle trend-line of its long-term Channel Up. On top of that it has formed a 1D Death Cross (MA50 crossing below the MA200). Last time the pair formed this pattern, the price tested the middle trend-line of the Channel Up but after a rebound to the...