MARKET ANALYSIS

2021-05-05 20:49:23 UTC+00

The Dollar index shows signs of bottoming.
The Dollar index has so far held above the support trend line and this is a promising sign. Price continues making higher highs and higher lows despite the deep pull back from 93.30 to 90.60. The Dollar index has increased chances of pushing higher from current levels as long as price is above 90.50.
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2021-05-05 20:38:50 UTC+00

Ichimoku cloud analysis on EURUSD
EURUSD is trading at 1.20. Today we use the Ichimoku cloud indicator in order to identify key resistance and support levels. EURUSD is in a bearish trend in the 4 hour chart as price is below the Kumo (cloud).
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2021-05-05 20:33:49 UTC+00

Technical analysis on Gold for May 5, 2021.
Gold price has been trading mostly sideways since April 15th. Price is trapped inside a trading range from $1,760 to $1,800. Price has made no real progress but has provided several false break out or break down signals.
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2021-05-05 20:29:23 UTC+00

XRP/USD up against major short-term resistance
XRP/USD has bounced back to its important resistance area of $1.55-$1.65 after touching our first pull back area of $1.35. Bulls need to break above the resistance area over the next couple of days, otherwise a rejection will follow and price might fall back to $1.35 and maybe lower.
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2021-05-05 18:09:48 UTC+00

Analytics and trading signals for beginners. How to trade GBP/USD on May 6. Analysis of Wednesday trades. Getting ready for Thursday session.
GBP/USD faces low volatility after three nice trading days.
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2021-05-05 16:32:15 UTC+00

May 5, 2021 : EUR/USD daily technical review and trade recommendations.
Now, the price zone of 1.1990 stands as a prominent SUPPORT-Zone for the EURUSD pair. More upside movement was expected to pursue towards 1.2110 (backside of the broken trendline) where price action was watched cautiously. Signs of bearish rejection were manifested on the chart.
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2021-05-05 16:21:54 UTC+00

May 5, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
As the price levels were quite overpriced recently, bearish persistence below the current price zone of 1.2050-1.2000 was needed to establish a short-term downtrend. Hence, more bearish decline would be expected towards 1.1970 to be watched cautiously for further decisions to be taken.
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2021-05-05 16:18:26 UTC+00

May 5, 2021 : GBP/USD Intraday technical analysis and trade recommendations.
By the end of last week, temporary signs of bullish breakout above 1.3950 were witnessed. However, this turned out to be a bullish trap once the EURUSD pair returned below 1.3950 again. Currently, bearish persistence below 1.3880 will be needed to allow more bearish decline. Initial bearish target would be located at 1.3700, 1.3660 and 1.3550.
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2021-05-05 11:46:24 UTC+00

BTC analysis for May 05,.2021 - First target at the price of $53.000 has been reached
Watch for the breakout to confirm downside movement...
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2021-05-05 11:43:46 UTC+00

EUR/USD analysis for May 05 2021 - Falling wedge and potential for the upside movement towards 1.2075
Watch for buying opportunities...
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