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USD, Palladium and Copper Forecasts – Zooming Out: What the Weekly Charts Are Really Telling Us
Looking at the daily chart, three things stand out. First, the consolidation remains intact, keeping the dollar locked inside a relatively tight trading range. Second, both sides scored a technical point last week. Buyers successfully defended the key support zone, while sellers printed a bearish engulfing pattern, reinforcing resistance overhead. And finally, the key support and resistance levels we’ve been tracking remain unchanged, meaning the scenarios discussed in previous Labs are still fully valid. Today, however, we’re zooming out to the weekly chart. chart From this perspective, the dollar is sitting ... (full story)
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