Wednesday, January 16, 2019
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US100 15/01/19 | EconAlerts

Technical Analysis – NASDAQ 100 continues the rebound

NASDAQ 100 index (US 100) continues the rebound on 14-month low with slower momentum. The US 100 stock index (NASDAQ 100) has reversed its direction back to the upside, hitting the 50-day simple moving average (SMA). Currently, the price is hovering around the 38.2% Fibonacci retracement level of the down-leg from 7700 to 5845, near

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Technical Analysis – WTI crude oil futures hold within SMA

WTI crude oil futures find support at 23.6% Fibonacci; hold within SMA. West Texas Intermediate (WTI) crude oil futures are finding strong support level on the 23.6% Fibonacci retracement level of the sharp downward movement from 76.90 to 42.50, around 50.65. The technical indicators suggest that there are still some investors that

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GBP/USD 15Jan19 | EconAlerts

Technical Analysis – GBP/USD unlocks 2-month peak

GBP/USD unlocks 2-month peak; turns the short-term bias to bullish GBP/USD is hovering around the two-month high of 1.2930 after it posted two consecutive green days, having broken above the 40-day simple moving average (SMA) and the descending trend line. This week the pair continues to attract buying interest, with the price climbing slightly above the 23.6% Fibonacci retracement level of

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USD/CNH 14/01/19 | EconAlerts

Technical Analysis – USD/CNH erases downward rally

USD/CNH erases downward rally; rebounds on a 6-month low. USD/CNH plunged to a new six-month low of 6.7360 in Friday’s session, creating three straight negative days. The price dropped beneath the 23.6% Fibonacci retracement level of the up-leg from 6.2350 to 6.9781, however, currently, it is paring some of the lost ground. The RSI is pointing

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