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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6870.39
6870.39
6870.39
6895.79
6858.28
+13.27
+ 0.19%
--
DJI
Dow Jones Industrial Average
47954.98
47954.98
47954.98
48133.54
47871.51
+104.05
+ 0.22%
--
IXIC
NASDAQ Composite Index
23578.12
23578.12
23578.12
23680.03
23506.00
+72.99
+ 0.31%
--
USDX
US Dollar Index
98.900
98.980
98.900
98.960
98.730
-0.050
-0.05%
--
EURUSD
Euro / US Dollar
1.16509
1.16517
1.16509
1.16717
1.16341
+0.00083
+ 0.07%
--
GBPUSD
Pound Sterling / US Dollar
1.33224
1.33234
1.33224
1.33462
1.33151
-0.00088
-0.07%
--
XAUUSD
Gold / US Dollar
4210.40
4210.81
4210.40
4218.85
4190.61
+12.49
+ 0.30%
--
WTI
Light Sweet Crude Oil
59.688
59.718
59.688
60.084
59.645
-0.121
-0.20%
--

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Morgan Stanley Reiterates Bullish Outlook On US Stocks Due To Fed Rate Cut Expectations. Morgan Stanley Strategists Believe That The US Stock Market Faces A "bullish Outlook" Given Improved Earnings Expectations And Anticipated Fed Rate Cuts. They Expect Strong Corporate Earnings By 2026, And Anticipate The Fed Will Cut Rates Based On Lagging Or Mildly Weak Labor Markets. They Expect The US Consumer Discretionary Sector And Small-cap Stocks To Continue To Outperform

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China's National Development And Reform Commission Announced That Starting From 24:00 On December 8, The Retail Price Limit For Gasoline And Diesel In China Will Be Reduced By 55 Yuan Per Ton, Which Translates To A Reduction Of 0.04 Yuan Per Liter For 92-octane Gasoline, 0.05 Yuan Per Liter For 95-octane Gasoline, And 0.05 Yuan Per Liter For 0# Diesel

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Tkms CEO: US Security Strategy Highlights Need For Europe To Take Care Of Its Own Defences

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USA S&P 500 E-Mini Futures Up 0.1%, NASDAQ 100 Futures Up 0.18%, Dow Futures Down 0.02%

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London Metal Exchange (LME): Copper Inventories Increased By 2,000 Tons, Aluminum Inventories Decreased By 2,500 Tons, Nickel Inventories Increased By 228 Tons, Zinc Inventories Increased By 2,375 Tons, Lead Inventories Decreased By 3,725 Tons, And Tin Inventories Decreased By 10 Tons

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Swiss Sight Deposits Of Domestic Banks At 440.519 Billion Sfr In Week Ending December 5 Versus 437.298 Billion Sfr A Week Earlier

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Czech November Jobless Rate 4.6% Versus Mkt Fcast 4.7%

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Czech Jobless Rate Unchanged At 4.6% In November

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Central Bank Data - Singapore November Foreign Exchange Reserves At $400.0 Billion

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Fitch On EMEA Homebuilders Says Weak Demand Is Likely To Constrain Completions And New Starts, Despite Easing Inflation And Gradual Rate Cuts

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French Otc Day-Ahead Baseload Power Price At 22.50 EUR/Mwh, Down 35.3% From The Price Paid Friday For Monday Delivery - Lseg Data

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Cambodia Information Minister: 4 Cambodian Civilians Killed, 9 Injured Amid Conflict With Thailand

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Tkms CEO: With Meko Frigates We Are Offering To German Government An Alternative To Delayed F126 Frigates

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Tkms CEO: Expect Decision On Canadian Submarine Order In 2026

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EU's Costa: Normal We Do Not Share Vision On Different Issues With The USA, But Interference In Political Life Is Unacceptable

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Swiss Six Exchange: Several Derivatives From UBS Are Under Mistrade Investigation

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Hsi Down 319 Pts, Hsti Closes Flat At 5662, Ccb Down Over 4%, Ping An, Hansoh Pharma, Global New Mat Hit New Highs, Market Turnover Rises

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It Was Gazprom's First Such LNG Delivery Since Sanctions Introduced In January, Lseg Data Shows

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United Arab Emirates Energy Minister: We Are Working To Open Opportunities For Ai Firms To Improve Efficiency Of Electricity Andwater Grids, We Already Saved 30% Of Energy Consumption By Using Ai

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Switzerland's Consumer Confidence Index Fell To 34 In November, Compared With A Previous Reading Of -36.9

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          Rising Wedge Pattern Breakout

          Warren Takunda

          Traders' Opinions

          Summary:

          AUDCHF pair is showing signs of a potential reversal, and traders should exercise caution when trading this pair. The technical indicators suggest that the price may continue to fall, and traders should look for potential short opportunities.

          SELL AUDCHF
          Close Time
          CLOSED

          0.61700

          Entry Price

          0.60000

          TP

          0.63000

          SL

          0.53357 -0.00050 -0.09%

          61.1

          Pips

          Profit

          0.60000

          TP

          0.61089

          Exit Price

          0.61700

          Entry Price

          0.63000

          SL

          AUDCHF: Rising Wedge Pattern Breakout_1The AUDCHF pair has been on a bullish rally for the past few weeks, however, it seems that the rally is coming to an end as technical indicators suggest a potential reversal.
          On the 1-hour timeframe, the RSI is showing a bearish divergence, which means that the momentum of the bullish trend is weakening. This is a sign that a potential reversal could be on the horizon. Additionally, a falling wedge pattern has been formed, which is also a bearish reversal pattern.
          Furthermore, the price is currently trading below the 200 EMA, which is a bearish signal. The 200 EMA acts as a support level for the price, and if the price breaks below it, it indicates a shift in market sentiment towards bearish.
          The main event that triggered this shift in market sentiment was the breakout of the rising wedge pattern. This pattern is a bearish reversal pattern that occurs when the price forms higher highs and higher lows, but the highs become smaller over time, indicating a loss of momentum.
          As the price broke below the rising wedge pattern, it signaled a potential shift in market sentiment from bullish to bearish. This breakout could potentially lead to a good drop in the price, and we could see the price at 0.605.

          TRADE RECOMMENDATION

          SELL AUDCHF
          ENTRY PRICE : 0.61700
          STOPLOSS: 0.6300
          TAKE PROFIT : 0.6000
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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