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IC Markets - Forex Broker
5,506 followers
5,506 followers
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#Markets turn their attention to the Federal Open Market Committee’s (#FOMC) January meeting minutes today – expect volatility. Stay on the right side of #Market all day long with our detailed Technical analysis covering multiple #Forex pairs
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Asian #stock markets are mostly mixed on Wednesday following the gains on #WallStreet after U.S. President Donald Trump said the U.S.-China trade talks are “going very well” and once again hinted that an early March deadline to reach a deal could be postponed.
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Believe in yourself & keep trying until you succeed. Let us help you get started on the right track in your #Forex journey with our educational guide and Interactive videos!


https://www.icmarkets.com/en/education/education-overview/
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#DowJones Industrial Average:
We have Quasimodo #resistance out of the weekly timeframe at 26182, which is sited just beneath daily #supply at 26536-26200, though is positioned above H4 supply at 26078-25856. Therefore, taking a long position in this market is difficult, according to our technical studies.
Bringing in weekly #sellers from Quasimodo resistance 26182, and also daily sellers from nearby supply at 26536-26200, is likely enough to draw in sellers for a bounce lower.
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UK #employment figures eyed in early #London hours. Stay on the right side of #Market all day long with our detailed Technical analysis covering multiple #Forex pairs
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Asian #stock markets are mostly higher on Tuesday despite the absence of any cues from #WallStreet which was closed on Monday for a public holiday. #Investors also awaited developments on the U.S.-China #trade front.
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Believe in yourself & keep trying until you succeed. Let us help you get started on the right track in your #Forex journey with our educational guide and Interactive videos!

https://www.icmarkets.com/en/education/education-overview/
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#DowJones Industrial Average (DOW 30):

Disappointing macroeconomic data out of the US Thursday kept US #equities on the losing side of the table. December’s opening level at 25586 on the H4 timeframe, as you can see, continues to offer the index #resistance, with the next base of support not expected to emerge until reaching February’s opening level at 24993, followed closely by support at 24976.

Weekly price, on the other hand, continues to explore higher ground, with its next upside target not entering the fold until #Quasimodo resistance at 26182.
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#Greenback preserves #gains above 97.00 as price builds on gains off monthly supply-turned #support area at 95.13-92.75. Stay on the right side of #Market all day long with our detailed Technical analysis covering multiple #Forex pairs
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#DowJones Industrial Average (DOW 30):

US #equities built on Tuesday’s advance during Wednesday’s segment, up 0.33% on the day. News of US President Trump stating the 1 March deadline to reach a trade deal with China could slide back a little if talks are progressing, introduced positive risk sentiment.

Weekly #price continues to explore higher ground, with its next upside target not entering the fold until Quasimodo resistance at 26182. Despite this, daily flow could potentially throw a spanner in the works for weekly buyers as price is seen nearing #resistance plotted at 25822.
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