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Australian Dollar Outlook
Attachment 46287
The Australian Dollar rollicked through the week, with CPI coming in high but below expectations before the Fed and US GDP decimated the US Dollar, lifting AUD/USD.
The daily price is breaking the bullish triagle pattern with resistance level at 0.7012 to above for the daily primary bullish reversal to be started.
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GOLD (XAU/USD) Weekly Forecast
Attachment 46315
Gold's recent rally stalls as the latest NFP report tempers recession fears for now.
The daily price is on secondary rally within the primary bearish marjet condition: the price is trying to cross resistance level at 1,794 to above for the rally to be continuing and the possible daily bullish reversal to be started.
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Gold Q4 2022 Technical Forecast
Attachment 46579
The gold (XAU/USD) outlook for the coming quarter is a tricky one. At the time of this writing, it is sitting on a major level of support around the 1680/1639 lines. The weekly price is on secondary ranging within the primary bearish market condition for trying to breal 1639 support level tobelow for the bearish trend to be continuing.
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U.S. Dollar Climbs To Highest Since 1990
Attachment 46651
The U.S. dollar rose to its highest value in over 30 years relative to the Japanese yen. The greenback has been showing sustained strength, a development that could reduce demand for assets denominated in the currency, for example cryptocurrencies and stocks.
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Trading strategy based on the improved Doji candlestick pattern recognition indicator
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The article "
Improved candlestick pattern recognition illustrated by the example of Doji" dealt with the concept of metabars. In short, a metabar is a conditional combination of several consecutive bars into a large one. This is similar to a bar of a higher timeframe, but not exactly, since the size of the metabar is not fixed (it "floats" in a given range) and there is no binding to a specific start and end time of the bar. Therefore, the use of metabars allows traders to detect various patterns of candlestick analysis much more often.
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