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From what is seen on the 4-hour chart, the Natural Gas commodity instrument appears to be moving within the Bearish Pitchfork channel and this has also been confirmed by its price movement which is moving below the WMA (30 Shift 2) which has a downward slope and the appearance of Divergence between price movements and the Stochastic Oscillator indicator so that based on these facts, in the near future #NG may retrace to strengthen to test the Bearish Fair Value Gap area level but as long as it does not break through and close above the 4.247 level, then #NG has the potential to weaken again to test 3.864 if it is successfully breaks and closes below that level, then #NG will continue its weakening to the 3.761 level and if the momentum of the weakening and its volatility support it, then 3.627 is the next target.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
From what is seen on the 4-hour chart, the EUR/GBP cross currency pair appears to be moving above the EMA (100), which indicates that Buyers dominate the currency pair
With the appearance of Convergence between the price movement of the main currency pair USD/JPY with the Stochastic Oscillator indicator and the position of the EMA (100) which is above
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
From what we see on the 4-hour chart of the Nasdaq 100 index, there are several interesting things, namely, first, the price movement is moving below the MA (100), second
Early in the American session, gold is trading around 3,312 with a bullish bias after breaking out of the symmetrical triangle. Gold is now likely to continue rising
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