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Top content from across the community, hand-picked by us.
Post in US Market news
CharlotteIG posted a post in a topic,
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Crude Oil Price Anchored Ahead of US CPI Despite Disruptions. Will Data Drive WTI?
AndaIG posted a blog entry in Market News,
The anticipation of US CPI has seen markets somewhat calm today
If CPI creates a storm, will a US Dollar move impact WTI prices?
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AndaIG,
Swiss Franc Firming Against US Dollar and Euro. Will Momentum Take CHF Higher?
AndaIG posted a blog entry in Market News,
Since breaking lower, the price has not managed to reclaim 0.9804 and it may continue to offer resistance. The 21-day Simple Moving Averages (SMA)is currently at that level, potentially adding resistance.
Further up, the recent peak of 0.9957 might offer resistance ahead of the break point at 0.9973.
In the last session, the price has crossed below the 10-day SMA and remains below the 21-, 55-, 100- and 200-day SMAs.
A bearish triple moving average (TMA) formation requires the price to be below the short term SMA, the latter to be below the medium term SMA and the medium term SMA to be below the long term SMA. All SMAs also need to have a negative gradient.
Looking at EUR/CHF, the criteria for a bearish TMA has been met and may indicate that bearish momentum could evolve further.
Support might be at the recent low of 0.9699 or further down at the 161.8% Fibonacci Extension of 0.9638.
Chart created in TradingView
USD/CHF TECHNICAL ANALYSIS
USD/CHF has bounced off low made at the start of this month at 0.9470 to trade in a wide range of 0.9545 – 0.9650. These levels might provide support and resistance respectively.
While the price is below all short-, medium- and long-term Simple Moving Averages (SMA), they have positive and negative gradients. This may suggest a lack of conviction for directional momentum that might see further range trading.
Re-iterating this possibility is the price criss-crossing the 10-day SMA. Recent history has shown that when the price crosses the 10-day SMA, momentum in that direction continues. That is not the case over the last week.
The recent low of 0.9470 may provide support ahead of the break point at 0.9460. On the topside, resistance might be at the break point of 0.9710 or the July peak of 0.9886.
Chart created in TradingView
Daniel McCarthy, Strategist Daily FX
Source: Daily FX
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AndaIG,Post in FTSE 📈 to drop soon
phillo posted a post in a topic,
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CharlotteIG,
Rolls-Royce share price: half-year results
CharlotteIG posted a blog entry in IG Community Blog,
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Community Survey Questions
MongiIG posted a blog entry in IG Community Blog,
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MongiIG,Dividend Adjustments 8th August 2022 - 15th August 2022
ArvinIG posted a blog entry in Market News,
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Best UK ETFs to buy in Q3 2022
MongiIG posted a blog entry in Market News,
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Your thoughts on ProRealTime
MongiIG posted a question in IG Chart Support - Charts, MT4 and PRT,
Some of the particular points we are interested in:
Did you know about ProRealTime before joining IG?
What feature convinced you that ProRealTime was the platform to use?
Is it an easy process to activate ProRealTime, if not how can we make it easier for you?
Is it easy to launch ProRealTime or would you like to launch it in a different way?
Do you like the default blue template or do you prefer another, what is your favorite ProRealTime template?
Which windows do you think are essential to see on a default ProRealTime template?
What would you like to change or add to the platform?
We would love to hear from you!
For more information visit the following link: ProRealTime
All the best - MongiIG
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Dogecoin (DOGEUSD) Elliott Wave Technical Analysis
tradinglounge posted a topic in Cryptocurrency and Blockchain,
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MongiIG,The Week Ahead On The Markets
MongiIG posted a blog entry in Market News,
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MongiIG,Dividend Adjustments 1st August 2022 - 8th August 2022
ArvinIG posted a blog entry in Market News,
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Best UK shares to buy in August 2022
MongiIG posted a blog entry in Market News,
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Debt to GDP Ratio by Country: State of Global Debt 2022
MongiIG posted a blog entry in Market News,
Debt to GDP league champ: Japan.
China’s debt to GDP rate is probably too good to be true.
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Market alert: AUD/USD jumps to five-week high amid Australian inflation outlook
MongiIG posted a blog entry in Market News,
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Post-Fed rally brings new higher high for S&P 500: S&P 500, Singapore Blue Chip, US Dollar Index
MongiIG posted a blog entry in Market News,
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A Price Action Tell: Support at Prior Resistance, Resistance at Prior Support
MongiIG posted a blog entry in IG Community Blog,
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What is a Short Squeeze and How to Trade It?
MongiIG posted a blog entry in IG Community Blog,
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Tug-of-war in market sentiments as FOMC meeting gets under way: S&P 500, AUD/USD, Copper
MongiIG posted a blog entry in Market News,
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Which is the better share to buy: Barclays or Lloyds?
ArvinIG posted a blog entry in Market News,
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FAANG Earnings Week Ahead: Apple, Amazon, Google, Meta, Microsoft
MongiIG posted a topic in Shares and ETFs,
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How will easyJet shares compare to Ryanair’s post Q3 trading statement?
ArvinIG posted a blog entry in Market News,
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US equity markets mixed with impending rate hike from the Fed: GBP/USD, STI, EUR/GBP
MongiIG posted a blog entry in Market News,
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MongiIG,The Week Ahead On The Markets
MongiIG posted a blog entry in Market News,
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FOMC meeting and big tech earnings calls for some wait-and-see: US dollar, USD/SGD, Gold
MongiIG posted a blog entry in Market News,
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