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​Technical Analysis: Gold bulls need confirmation to stay above 23.6% Fibonacci

With the recent risk recovery, gold prices have been forming a lower high pattern, portrayed by the short-term descending trend line, off-late. However, the bullion prices have been above 23.6% Fibona

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​Technical Analysis: USDJPY confronts 61.8% Fibonacci while consolidating losses from Fed's shock rate cut

The US Federal Reserve's emergency rate cut of 0.50% dragged the USDJPY pair to five-month lows on Tuesday. However, the following pullback currently confronts 61.8% Fibonacci retracement of its run-u

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​Technical Analysis: AUDUSD fails to cross short-term resistance despite RBA rate cut

Despite the broad US dollar weakness weighing over the RBA's rate cut, AUDUSD fails to conquer the short-term resistance trend line, around 0.6565 now. Market players now await details of the G7 finan

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​Technical Analysis: GBPUSD remains directionless between 1.2695-1.2860 area

Despite bouncing off four-month low, GBPUSD isn't out of the woods yet. The reason being the start of the formal UK-EU Brexit deal talks as well as the pair's sustained trading below 10-week-old falli

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​Technical Analysis: WTI bears eye $44.00 on the break of a year-long trendline

With the global financial markets bearing the burden of coronavirus fears, commodities are down to multi-month low. WTI oil is not an exception while trading near the 13-month low after a sustained br

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