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Dow Jones Index: A Major Breakup In The Making?
Article By:
Taki Tsaklanos
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Sunday, August 23, 2020 1:54 PM EDT
The Dow Jones Index is in the process of what we call ‘breaking up’. A ‘break up’ is when an asset moves ‘one level higher’. A break up is important to investors because it provides a great entry point which also comes with a great stop loss.
Trading Support And Resistance - Sunday, August 23
Article By:
Daily Forex
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Sunday, August 23, 2020 1:50 PM EDT
The Forex market showed a decrease in volatility compared to the previous week, with 19% of the important currency pairs and crosses moving by more than 1% in value last week. Volatility is likely to remain low over the coming week.
Market Breadth: Not All Bad News
Article By:
Geoff Bysshe
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Sunday, August 23, 2020 1:46 PM EDT
I understand the frustration of a few stocks having extraordinary influence in the market indexes value. I felt this disappointment on Friday when I found an Industrial Index that closed over its Thursday high, creating a breakout of a bullish flag.
GBP/USD Forecast Aug. 24-28 – Pound Makes Noise But Remains Directionless
Article By:
Yohay Elam
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Sunday, August 23, 2020 1:27 PM EDT
GBP/USD showed considerable volatility throughout the week, but ended the week unchanged. The upcoming week has just one event. Here is an outlook for the highlights and an updated technical analysis for GBP/USD.
In this article: FXB
BTC About To Starting Moving Anytime Soon As We Hit A Multi-Bagger With LINK
Article By:
Taki Tsaklanos
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Sunday, August 23, 2020 1:24 PM EDT
Without the insight of bifurcation in the crypto market it is rather impossible to understand how to be profitable. Bifurcation is a state in which only a small number of cryptocurrencies are rising. This only is possible if BTC is going up.
In this article: BITCOMP
Continued Topping Behavior
Article By:
Andre Gratian
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Sunday, August 23, 2020 1:16 PM EDT
Signs that SPX is ready to correct are increasing. The first cycle to make its low could only take it down 45 points before it rebounded to a fractional new all-time high of 3399.96. The next cycle is ready to trigger the next correction.
Forex Forecast: Pairs In Focus -Sunday, August 23
Article By:
Daily Forex
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Sunday, August 23, 2020 1:09 PM EDT
The coming week will bring almost no important releases concerning major currencies: as we are now well into August, which is traditionally a holiday season in much of the world, we can probably expect a relatively quiet market this week.
USDCAD Weekly Analysis – Sunday, August 23
Article By:
ForexCycle
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Sunday, August 23, 2020 12:24 PM EDT
USDCAD’s downside movement from 1.4667 extended to as low as 1.3132. As long as the price is in the falling price channel on the daily chart, the downside movement could be expected to continue and the next target would be at the 1.3000 area.
In this article: FXC
High-Flying COVID-19 Sectors May Be Setting Up For A Correction
Article By:
Chris Vermeulen
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Sunday, August 23, 2020 12:20 PM EDT
As we’ve all been adjusting to the “work from home” transition that was forced upon us back in March/April 2020, a certain group of market sectors has really taken off and rallied into 100% and 100%+ Measured Moves.
In this article: QQQ
How To Invest In A Post-Covid "New Normal"
Article By:
Sheraz Mian
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Sunday, August 23, 2020 11:50 AM EDT
A host of industries have been affected in material ways by the Covid-19 pandemic. Activities like air travel and other aspects of the broader leisure and hospitality space have been hit hard, but some have benefited as well.
New Market Highs And Rising Risks In The New Normal
Article By:
Andrew Wang
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Sunday, August 23, 2020 11:41 AM EDT
Over the past five months, investors have been exuberant, relieved, or perplexed by the resilience of the stock market in the face of unprecedented economic challenges. Americans have long relied on the stock market as a proxy for the US economy.
In this article: SPX
The Choose Your Own Adventure Monster Market Commentary For The Week Of August 24
Article By:
Michael J. Kramer
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Sunday, August 23, 2020 11:19 AM EDT
The S&P 500 e-mini futures have been tracking this rising wedge very well. It brings the market to a critical inflection point because a break out could see the market rise higher, like towards 3,600. A breakdown could send the index lower 2,830.