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Virus fears push European stocks to worst week since June

European stocks recorded their worst weekly decline since mid-June on Friday, as investors feared that a second wave of coronavirus infections will hamper economic recovery, while banking stocks sank to an all-time low. The pan-European STOXX 600 index .STOXX slipped...

Virus fears push European stocks to worst week since June
Stocks rise as tech bounces, but S&P 500 and Dow still on pace for 4-week losing streak

U.S. stocks rose slightly on Friday as tech shares recovered some of their losses for the month. However, Wall Street was still headed for its fourth consecutive week of losses. The Dow Jones Industrial Average traded 103 points higher, or...

Papa John’s Wave Analysis 25 September, 2020

• Papa John’s approaching key support level 80.00 • Likely to fall to 75.00 Papa John’s recently reversed down from the resistance zone located between the resistance level 87.70 and the 50% Fibonacci correction of the downward impulse C from...

Wheat Wave Analysis 25 September, 2020

• Wheat reversed from resistance zone • Likely to fall to 534.00 Wheat recently reversed down with the daily Bearish Engulfing from the resistance zone located between the resistance level 578.00 (which stopped the price in March), upper daily Bollinger...

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Crypto Review

Bitcoin dropped back to 10K; China struggles with crypto-traders
Bitcoin dropped back to 10K; China struggles with crypto-traders

Bitcoin confirmed its dependence on the stock market, declining sharply alongside the traditional market on September 21st and remaining under pressure on Thursday morning. The trigger for the stock market decline early in the week was fears around the second...

Europe plans to launch a blow to the crypto market
Europe plans to launch a blow to the crypto market

Over the next few years, the crypto community will face major changes in the legal sphere. Monetary authorities needed time to analyse a new sector. According to Reuters, the EU authorities will introduce new rules to regulate the crypto sector...

The Dollar sticks to its weakness for good
The Dollar sticks to its weakness for good

As we noted previously, the impulse for the strengthening of the US currency has proved to be very unstable. The dollar index has turned down many times since late July from 93.60 over the last month and a half. Yesterday...

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Market Snapshots

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Papa John’s Wave Analysis 25 September, 2020
Papa John’s Wave Analysis 25 September, 2020

• Papa John’s approaching key support level 80.00 • Likely to fall to 75.00 Papa John’s recently reversed down from the resistance zone located between the resistance level 87.70 and the 50% Fibonacci correction of the downward impulse C from...

Wheat Wave Analysis 25 September, 2020
Wheat Wave Analysis 25 September, 2020

• Wheat reversed from resistance zone • Likely to fall to 534.00 Wheat recently reversed down with the daily Bearish Engulfing from the resistance zone located between the resistance level 578.00 (which stopped the price in March), upper daily Bollinger...

NZDJPY Wave Analysis 25 September, 2020
NZDJPY Wave Analysis 25 September, 2020

• NZDJPY reversed from support zone • Likely to rise to 70.00 NZDJPY recently reversed up from the support zone located between the support level 68.70 (low of wave A from August), lower daily Bollinger Band and the 38.2% Fibonacci...

AUDNZD Wave Analysis 25 September, 2020
AUDNZD Wave Analysis 25 September, 2020

• AUDNZD broke support zone • Likely to fall to 1.0670 AUDNZD under bearish pressure after the earlier breakout of the support zone located between the support level 1.0800 and the 50% Fibonacci correction of the upward impulse from July....

USDCHF Wave Analysis 25 September, 2020
USDCHF Wave Analysis 25 September, 2020

• USDCHF rising inside impulse wave c • Likely to rise to 0.9350 USDCHF continues to rise inside the sharp upward impulse wave c, which previously broke the resistance zone lying between the resistance levels 0.9190 and 0.9230. The breakout...

Copper Wave Analysis 24 September, 2020
Copper Wave Analysis 24 September, 2020

• Copper broke support zone • Likely to fall to 290.00 Copper recently broke the support area located between the support level 296.00 (which former the daily Bullish Engulfing and Piercing Line earlier this month) and the 38.2% Fibonacci retracement...

EURUSD Wave Analysis 24 September, 2020
EURUSD Wave Analysis 24 September, 2020

• EURUSD broke support zone • Likely to fall to 1.1560 EURUSD recently broke the support area located between the support level 1.1755 (which stopped the previous waves 4, (1) and 1) and the 38.2% Fibonacci retracement of the previous...

NZDUSD Wave Analysis 24 September, 2020
NZDUSD Wave Analysis 24 September, 2020

• NZDUSD broke support zone • Likely to fall to 1.9750 NZDUSD recently broke the support zone lying between the support level 0.6600 and the support trendline from the end of June. The breakout of this support zone accelerated the...

GBPNZD Wave Analysis 24 September, 2020
GBPNZD Wave Analysis 24 September, 2020

• GBPNZD rising inside wave 4 • Likely to reach 1.9750 GBPNZD continues to rise inside the (c)-wave of the minor ABC correction 4 from the start of September. The active impulse wave (c) started when the pair reversed up...

Soy Wave Analysis 24 September, 2020
Soy Wave Analysis 24 September, 2020

• Soy broke daily up channel • Likely to fall to 986.00 Soy continues to fall inside the sharp downward correction 4, which started earlier with the daily Bearish Engulfing from the key multi-month resistance level 1040.00. The price today...

Sugar Wave Analysis 23 September, 2020
Sugar Wave Analysis 23 September, 2020

• Sugar broke resistance area • Likely to rise to 13.30 Sugar recently broke the resistance area lying between the resistance level 12.77 (former multi-candle high from August) and the 61.8% Fibonacci correction of the downward price impulse 1 from...

AUDUSD Wave Analysis 23 September, 2020
AUDUSD Wave Analysis 23 September, 2020

• AUDUSD broke support area • Likely to fall to 0.7000 AUDUSD under bearish pressure following the earlier breakout of the support area lying between the support level 0.7145 (which has been reversing the price from August) and the 38.2%...

USDCHF Wave Analysis 23 September, 2020
USDCHF Wave Analysis 23 September, 2020

• USDCHF broke resistance level 0.9200 • Likely to rise to 0.9240 USDCHF recently broke the key resistance level 0.9200 (which stopped the previous short-term corrective wave (a) at the start of September, as can be seen below). The breakout...

Twitter Wave Analysis 23 September, 2020
Twitter Wave Analysis 23 September, 2020

• Twitter broke resistance level 43.70 • Likely to test 45.50 Twitter today opened with the sharp upward gap breaking above the resistance level 43.70 (top of the previous short-term impulse wave (iii) from the start of September). The breakout...

Soy Wave Analysis 22 September, 2020
Soy Wave Analysis 22 September, 2020

• Soy reversed from support zone • Likely to rise to 1045.00 Soy recently reversed up from the support zone lying between the support level 1010.00 (top of the daily Shooting) and the 38.2% Fibonacci correction of the upward impulse...

AUDCAD Wave Analysis 22 September, 2020
AUDCAD Wave Analysis 22 September, 2020

• AUDCAD reversed from resistance zone • Likely to fall to 0.9500 AUDCAD recently reversed down from the resistance zone lying between the strong resistance level 0.9700 (which stopped the previous sharp impulse wave (C) in July) and the upper...

USDJPY Wave Analysis 22 September, 2020
USDJPY Wave Analysis 22 September, 2020

• USDJPY reversed from support zone • Likely to rise to 105.20 USDJPY recently reversed up from the support zone located between the key support level 104.20 (monthly low from July) and the lower daily Bollinger Band. The upward reversal...

PepsiCo Wave Analysis 22 September, 2020
PepsiCo Wave Analysis 22 September, 2020

• PepsiCo reversed from support zone • Likely to rise to 135.00 PepsiCo recently reversed up from the support area lying between the support level 129.35 (which earlier formed the two consecutive Bullish Engulfing patterns in June) and the lower...

Comcast Wave Analysis 21 September, 2020
Comcast Wave Analysis 21 September, 2020

• Comcast falling inside impulse wave (3) • Likely to reach 43.00 Comcast continues to fall inside the sharp impulse wave (3) , which started earlier from the resistance zone set between the multi-month resistance level 47.40 (January high) and...

Natural gas Wave Analysis 21 September, 2020
Natural gas Wave Analysis 21 September, 2020

• Natural gas broke support zone • Likely to fall to 1.800 Natural gas today broke the support zone set between the support level 1.92 (former resistance from July) and the 61.8% Fibonacci correction of the sharp upward impulse C...

NZDCHF Wave Analysis 21 September, 2020
NZDCHF Wave Analysis 21 September, 2020

• NZDCHF reversed from resistance area • Likely to fall to 0.6035 NZDCHF recently reversed down from the resistance zone located between the resistance level 0.6160 (top of the previous wave 2) and the upper daily Bollinger Band. The downward...

NZDUSD Wave Analysis 21 September, 2020
NZDUSD Wave Analysis 21 September, 2020

• NZDUSD reversed from resistance area • Likely to fall to 0.6600 NZDUSD recently reversed down from the resistance area lying between the resistance level 0.6785 (which also stopped the pair at the start of September) and the upper daily...

Corn Wave Analysis 18 September, 2020
Corn Wave Analysis 18 September, 2020

• Corn rising inside waves (iii) and (3) • Likely to rise to 385.90 Corn continues to rise inside the short-term impulse wave (iii), which started earlier from the key support level  362.70 (former resistance from the end of August)....

AUDNZD Wave Analysis 18 September, 2020
AUDNZD Wave Analysis 18 September, 2020

• AUDNZD under bearish pressure • Likely to fall to 1.0720 AUDNZD under bearish pressure after the earlier breakout of the support zone set between the support level 1.0810 (low of the previous impose wave 1) and the 50% Fibonacci...

EURAUD Wave Analysis 18 September, 2020
EURAUD Wave Analysis 18 September, 2020

• EURAUD reversed from support zone • Likely to rise to 1.6400 EURAUD recently reversed up from the support zone located between the powerful support level 1.6125 (which has been reversing the price from the middle of July) and the...

CHFJPY Wave Analysis 18 September, 2020
CHFJPY Wave Analysis 18 September, 2020

• CHFJPY broke support zone • Likely to fall to 114.00 CHFJPY recently broke through the support zone located between the key support level 115.50 (which has been steadily reversing the price from the start of August) and the 50%...

Soy Wave Analysis 18 September, 2020
Soy Wave Analysis 18 September, 2020

• Soy broke round resistance level 1000.00 • Likely to rise to 1065.00 Soy recently broke through the round resistance level 1000.00 – which accelerated the active impulse waves (iii), (v) and C. The breakout of the resistance level 1000.00...

Ebay Wave Analysis – 17 September, 2020
Ebay Wave Analysis – 17 September, 2020

• Ebay broke support zone • Likely to fall to 46.00 Ebay continues to fall sharply after the earlier breakout of the support zone located between the support level 51.00 (which stopped the previous impulse wave (i)) and the 38.2%...

Palladium Wave Analysis – 17 September, 2020
Palladium Wave Analysis – 17 September, 2020

• Palladium reversed from resistance zone • Likely to fall to 2265.00 Palladium recently reversed down from the resistance zone located between the resistance level 2400.00 (which formed the top of the previous daily candlesticks reversal pattern Evening Star Doji...

NZDCAD Wave Analysis – 17 September, 2020
NZDCAD Wave Analysis – 17 September, 2020

• NZDCAD broke resistance area • Likely to rise to 0.8915 and 0.9000 NZDCAD recently broke resistance area located between the resistance level 0.8850 (which stopped the previous impulse wave (1)) and the 61.8% Fibonacci correction of the downward correction...

EURJPY Wave Analysis – 17 September, 2020
EURJPY Wave Analysis – 17 September, 2020

• EURJPY broke support area • Likely to fall to 123.00 EURJPY recently broke the support area located between the support level 124.50 (which stopped the previous waves iv, (iv) and (a)) and the 38.2% Fibonacci correction of the upward...

MGM Wave Analysis – 17 September, 2020
MGM Wave Analysis – 17 September, 2020

• MGM reversed from resistance zone • Likely to fall to 20.55 MGM recently reversed down from the resistance zone located between the key resistance level 24.00 (which has been steadily reversing the price from the start of June) and...

EURGBP Wave Analysis – 16 September, 2020
EURGBP Wave Analysis – 16 September, 2020

• EURGBP reversed from resistance area • Likely to fall to 0.9100 EURGBP recently reversed down from the resistance area lying at the intersection of the powerful resistance level 0.9300 and the resistance trendline of the wide weekly up channel...

CADJPY Wave Analysis – 16 September, 2020
CADJPY Wave Analysis – 16 September, 2020

• CADJPY broke support area • Likely to fall to 79.00 CADJPY recently broke the support area lying between the round support level 80.00 (which stopped earlier waves (b) and (i)) intersecting with the 38.2% Fibonacci correction of the previous...

WTI Wave Analysis – 16 September, 2020
WTI Wave Analysis – 16 September, 2020

• WTI rising inside wave (ii) • Likely to reach 43.55 WTI continues to rise inside the minor corrective wave (ii) – which started earlier from the support level 36.70 (former monthly low from July), intersecting with the lower daily...

USDJPY Wave Analysis – 16 September, 2020
USDJPY Wave Analysis – 16 September, 2020

• USDJPY broke support area • Likely to fall to 104.20 USDJPY continues to fall after the pair broke through the support area lying between the support level 105.20 (low of the previous waves (a) and b) and the 61.8%...

Natural gas Wave Analysis – 15 September, 2020
Natural gas Wave Analysis – 15 September, 2020

• Natural gas reversed from support level 2.270 • Likely to rise to 2.400 Natural gas recently reversed up from the support level 2.270 (former resistance from August) – standing near the lower daily Bollinger Band and the 38.2% Fibonacci...

AUDUSD Wave Analysis – 15 September, 2020
AUDUSD Wave Analysis – 15 September, 2020

• AUDUSD reversed from support level 0.7200 • Likely to rise to 0.7400 AUDUSD recently reversed up from the key support level 0.7200 (low of the previous wave A, which reversed the price multiple times in July and August). The...

EURJPY Wave Analysis – 15 September, 2020
EURJPY Wave Analysis – 15 September, 2020

• EURJPY reversed from resistance level 126.50 • Likely to fall to 124.50 EURJPY earlier reversed down from the resistance level 126.50 (which reversed the price twice in August) – intersecting with the upper daily Bollinger Band. The downward reversal...

Cotton Wave Analysis – 15 September, 2020
Cotton Wave Analysis – 15 September, 2020

• Cotton reversed from resistance level 66.35 • Likely to fall to 64.00 Cotton recently reversed down from the resistance level 66.35 (top of the two daily consecutive Shooting Stars from August) – standing near the upper daily Bollinger Band....

Platinum Wave Analysis – 14 September, 2020
Platinum Wave Analysis – 14 September, 2020

• Platinum broke resistance level 950.00 • Likely to rise to 965.00 Platinum continues to rise after the earlier breakout of the resistance level 950.00 – which was set as the likely upward target in our previous report for this...

GBPCAD Wave Analysis – 14 September, 2020
GBPCAD Wave Analysis – 14 September, 2020

• GBPCAD reversed from multi-month support level 1.6800 • Likely to rise to 1.7075 GBPCAD recently reversed up from the powerful multi-month support level 1.6800 (which also reversed the price twice in June, as can be seen below) – standing...

GBPUSD Wave Analysis – 14 September, 2020
GBPUSD Wave Analysis – 14 September, 2020

• GBPUSD reversed from support level 1.2800 • Likely to rise to 1.3000 GBPUSD recently reversed up from the support level 1.2800 (former strong resistance from June) – standing near the lower daily Bollinger Band. The support zone near the...

Amazon Wave Analysis – 14 September, 2020
Amazon Wave Analysis – 14 September, 2020

• Amazon reversed from support level 3080.00 • Likely to rise to 3300.00 Amazon earlier reversed up from the support level 3080.00 (former monthly low from August) – intersecting with the lower daily Bollinger Band and the 50% Fibonacci correction...

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Brokers News

Labor Day: trading time schedule changes
Labor Day: trading time schedule changes

On Monday, September 7, the following instruments will not be available for trading: CFD on US Shares CFD on Agricultural Commodity Futures Early closing: CFD on Energies CFD on Spot Metals CFD on Spot Indices CFD on Indices Futures CFD...

Upcoming Stock Splits on Apple and Tesla
Upcoming Stock Splits on Apple and Tesla

As per recent announcements from The Board of Directors of each, both Apple & Tesla have upcoming stock splits which will affect any open positions. For Tesla shares, a 5-for-1 stock split will take effect on 28th August after the...

Independence Day: trading schedule changes
Independence Day: trading schedule changes

On 2-3rd July, there are changes to the trading schedule due to Independence Day in the US (this Saturday 4th). It will affect several assets of the following classes: CFD on US Shares & Agricultural Commodity Futures CFD on Spot...

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Brexit

JPMorgan to Move $230 Billion Assets to Germany Under Brexit
JPMorgan to Move $230 Billion Assets to Germany Under Brexit

JPMorgan Chase & Co. is moving about 200 billion euros ($230 billion) from the U.K. to Frankfurt as a result of Britain’s exit from the European Union, a shift that will make it one of the largest banks in Germany....

Brexit risk premium returns to UK markets
Brexit risk premium returns to UK markets

The latest bout of sabre-rattling between Britain and the EU is upping the premium investors demand for holding UK assets for fear of a chaotic Brexit outcome with hugely damaging consequences for the economy. The pound is down 4% against...

Boris Johnson’s Brexit maneuver risks blowback from Biden, Democrats
Boris Johnson’s Brexit maneuver risks blowback from Biden, Democrats

U.K. Prime Minister Boris Johnson is trying to shake up the trade talks that are a part of his country’s Brexit negotiations. But the latest move by the Conservative government could have the side effect of damaging relations with a...

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