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Nikkei 225: secondary bear market rally within the primary bearish trend; 16,243 is the key
Attachment 38895
In the case of the Nikkei 225, an early barrier to a continuation higher may reside around the Fibonacci level at 20,365 which has given rise to price indecision in the past. While the zone is unlikely to make or break a stock rally on its own, its influence over price should not be ignored as it may present an attractive opportunity to reduce or increase exposure – depending on your directional bias.
Attachment 38896
If bulls can retake the level confidently, subsequent resistance may come into play around the 200-day simple moving average but risks to the rally loom large as volatility rests at historic levels.
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Mexican Peso Weekly Forecast: trading near 200 SMA for the bullish reversal
Attachment 43372
USD/MXN finds strong resistance at 20.00 as sellers attempt to gather momentum
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US Dollar Fundamental Forecast
Attachment 44188
The US Dollar index closed higher for the sixth consecutive week as fundamental tailwinds buoyed the Greenback. The CPI data may push the DXY index higher on hawkish Fed rate hike bets.
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Microsoft Makes Bullish Cross Above Critical Moving Average
Attachment 45128
In trading on Friday, shares of Microsoft crossed above their 200 day moving average of $300.84, changing hands as high as $301.00 per share.
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Amazon stock tumbled more than 30%
Attachment 45525
Shares of Amazon have plummeted more than 30% from an all-time high set last year.
Attachment 45526
The price on the daily breakdown for breaking Ichimoku cloud to below for the primary bearish reversal. The price is trying to cross 2,432 support level to below for the bearish trend to be continuing. Alternative, the price will be on the secondary ranging within the primary bearish market condition.
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Australian Dollar Outlook
Attachment 45704
The Australian Dollar has a sound economic story, but with the Fed racing against time, the US Dollar is soaring. Will AUD/USD continue to bounce off recent lows?
AUD/USD is being driven by a US Dollar that has been strengthening against most currencies.
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What’s New With T-Mobile Stock?
Attachment 46010
T-Mobile stock has had a stellar year so far, rising by 16% year-to-date, compared to the broader S&P which remains down by about 20% over the same period. And the daily price is above Ichimoku cloud for the primary bullish market condition by testing 136 resistance level to above for the bullish trend to be continuing.
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3M Stock To Trade Higher Post Q2?
Attachment 46219
3M Company (NYSE: MMM) is scheduled to report its Q2 2022 results on Tuesday, July 26. We expect the company to post revenue and earnings above the street expectations.
The weekly price was bounced from 125 support level to above for the bear market rally to be continuing with 138 possible target to re-enter.
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Pound Fundamental Forecast
Attachment 46885
The pound continues to grapple with many fundamental challenges. The main ones include stubbornly high prices, declining economic activity (spending).
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