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fear
Understanding financial market cycles can provide valuable insights. Market panics can offer investment opportunities, while prosperous periods may signal a time to sell. Recognizing these patterns helps make informed decisions, potentially improving investment outcomes.
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Technical Analysis
This week's AUD/USD outlook is shaped by technical and fundamental factors. The technical analysis suggests a potential bullish sweep at the 0.6805 level, while the fundamental analysis forecasts a gradual increase in the AUD/USD pair until August 2023, followed by a slight decrease.
USDCHF
Forecasts for the USD/CHF pair for the week of May 21-27, 2023, suggest a bearish trend with daily target values ranging from 0.8971 to 0.9058. The coming months indicate a mix of bearish and bullish trends.
Forex During News
Unveiling market patterns arising from accumulation & distribution, and the strategic timing of news releases by big institutions to sway stock trends.
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Gold price dipped to a 2-week low of $1985 on May 18, 2023, influenced by strong US economic data and Fed policy comments. Meanwhile, ongoing US debt ceiling talks aim to prevent a default by June 1.
The gold price for today, May 17, 2023, is approximately $1991.60 per troy ounce or $64.03 per gram. The price is expected to range between $1986.80 and $1997.00
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Forex Trading
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eurusd
EUR/USD exhibits a bearish outlook, with key technical indicators supporting downside momentum. The break below 1.1000 strengthens the bearish bias, and traders should monitor for potential short entries.