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Index in Focus: S&P 500 (SPX500) Timeframe: Weekly and Daily Key Technical Patterns: Ascending Trendline on the Daily timeframe Major Correction Zone below 5,000 level Analysis: Daily Ascending Trendline: SPX500 has been moving within a strong uptrend, as indicated by the ascending trendline on the daily timeframe. However, the price has reached a crucial...

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Overview: The Dollar Index (DXY) recently tested a significant resistance level at 102.00, which has proven to be a critical zone in the past, acting as both support and resistance. This rejection signals potential weakness in the dollar and suggests that the bears may take control in the short term. 1.Resistance at 102.00: The 102.00 level has proven to be a...

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I am currently monitoring EURJPY for a bullish reversal with a potential move to the upside. The price action is forming a solid base around the key support level at 160.000, which has held strong in previous tests. Key Support Level: 160.000 Trigger: A successful retest of the 160.000 support level will confirm this level holding, giving the pair a foundation...

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I am currently watching SPX500 for a potential bearish reversal to the downside. The price action is indicating a weakening uptrend as we approach key support at 5666.40. Key Support Level: 5666.40 Trigger: A daily close below this level will confirm the breakout, flipping the previous support into resistance. In turn, that will be a fakeout in the market If...

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WEEKLY FOREX FORECAST NEWS UPDATE Introduction: Welcome back to our Weekly Forex Forecast, where we delve into the intricacies of the currency markets to provide you with valuable insights and predictions for the week ahead. In this edition, we'll be closely examining the Dollar Index, GBPUSD, EURUSD, and USDJPY pairs, analyzing key technical and fundamental...