2022 June
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AUDJPY forming a bullish pattern
- June 2, 2022
- Posted by: Tradingshot Articles
- Category: Forex
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This is an update of the AUDJPY pair on my previous sell signal upon the 1D RSI Resistance rejection, as illustrated below: With the price now recovered from the sub 88.000 level, the pair is waving a buy signal as it broke above both the 1D MA50 (blue trend-line) and the 0.618 Fibonacci retracement
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INFLATION testing a 100 year old trend-line. How will S&P react?
- June 2, 2022
- Posted by: Tradingshot Articles
- Category: Other, Stock Indices
This is an interesting analysis as the U.S. Inflation Rate (orange trend-line) is testing for the first time since early 1980 a Lower Highs trend-line that started after the High of July 1920, exactly 100 years ago! This Lower Highs trend-line has made another 2 contacts after that and it is interesting to see