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EUR/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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Euro Technical Outlook: EUR/USD and EUR/GBP Prices and Forecasts
2021-02-27 04:00:00
Euro Price Forecast: EUR/USD at Risk of Reversal with US PCE Data on Tap
2021-02-26 07:30:00
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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Canadian Dollar Forecast: USD/CAD Price Hangs on Reflationary Market Sentiment
2021-02-27 08:00:00
Oil Price Approaches 2020 High Even as RSI Divergence Takes Shape
2021-02-25 20:30:00
Wall Street
Bearish
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High
of clients are net long.
of clients are net short.
Long Short

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Dow Jones Falls on Rising Yields, ASX 200, Nikkei 225 Tumble
2021-02-26 01:30:00
Stock Market Forecast for the Week Ahead: Growth to Value Rotation Heats Up
2021-02-25 18:30:00
Gold
Mixed
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of clients are net short.
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Gold Price Forecast: Gold Breakdown Accelerates – XAU/USD Bulls Done?
2021-02-26 20:00:00
Nasdaq 100, Gold, Financial Fund Flows During Yields-Driven Volatility
2021-02-26 17:30:00
GBP/USD
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of clients are net short.
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GBP/USD Weekly Forecast: GBP/USD, EUR/GBP Reversal, Now What?
2021-02-26 16:00:00
British Pound (GBP) Latest: GBP/USD Correction From Extremes
2021-02-26 09:00:00
USD/JPY
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of clients are net long.
of clients are net short.
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US Dollar Outlook: FX Volatility Ramps as Bond Selloff Intensifies
2021-02-25 23:22:00
US Dollar Outlook: DXY Index Rejects 50-Day Moving Average
2021-02-24 23:50:00
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Crude Quickly Retraces Sharp Down Open

Crude Quickly Retraces Sharp Down Open

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly Candles

eliottWaves_oil_body_crude.png, Crude Quickly Retraces Sharp Down Open

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

Commodity Analysis: Crude is well supported on dips and near term focus remains higher towards the 2/25 high at 94.43 and former support at 94.94. Bigger picture, last week’s reversal, recent trendline resistance break and trendline support hold paint a bullish picture.

Commodity Trading Strategy: The bigger picture trend is in question and the near term trend is higher but is closing in on the 50% retracement of the decline from 98.21. Too many things can happen at the current level to safely take a position.

LEVELS: 89.33 90.25 91.70 94.43 95.89 96.19

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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