How to Build and Trade Strategies

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.

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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USD/MXN finds strong resistance at 20.00 as sellers attempt to gather momentum

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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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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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The anti-risk Japanese Yen put in a dismal performance during the first quarter of 2022, particularly as March wrapped up. A majors-based Japanese Yen Index that averages JPY against USD, AUD, GBP and EUR fell as the S&P 500 and 10-year Treasury yield climbed. Stocks and bond yields rising in tandem can make it difficult for the Japanese currency to shine.

The weekly price is on primary bullish market condition for trying to break 125 resistance level to above for the strong bullish trend to be continuing. Alternatively, if the price is bounced from 125 resistance level so the secondary ranging will be started.

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Shares of Amazon have plummeted more than 30% from an all-time high set last year.

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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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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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 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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The pound continues to grapple with many fundamental challenges. The main ones include stubbornly high prices, declining economic activity (spending).

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