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Wednesday, January 27, 2021

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USD/JPY forms head and shoulders as exports fall for 22 straight months

The USD/JPY is little changed today as traders react to Japan exports and imports numbers. The country's exports declined by 4.9% while imports fell by...

AUD/USD forms bearish flag after impressive China GDP data

The AUD/USD pair formed a bearish flag pattern as investors react to China GDP data. The country's economy expanded by 4.9% year-on-year in the second...

GBP/USD forms hammer pattern ahead of key Brexit deadline

The GBP/USD pair rose as the UK and the EU are set to continue Brexit talks past the tomorrow's deadline. Analysts believe that the two...

USD/SGD forms head and shoulders pattern as Singapore GDP rebounds

The USD/SGD price has formed a head and shoulders pattern on the daily chart. Data from Singapore showed that the economy rebounded in the third...

Chainlink (LINK) forms a bull flag that might take it to $25

Chainlink hit a new ATH this year, surging from the bottom near $1 to nearly $20. The coin saw a correction since then, but this...

The US IRS agency adds crypto questions to tax forms

US tax agency, the IRS, is taking the next step in an attempt to get people to report their crypto earnings. The IRS released a...

EUR/USD forms hammer pattern after mixed Eurozone PMI data

The EUR/USD pair formed a hammer pattern as the market reacted to the Eurozone PMI data. The manufacturing PMI rose to 53.7 in September while...

Central bank of Brazil forms a team for studying crypto

Brazil's central bank recently revealed the existence of a new group dedicated to studying crypto. The bank remains skeptical of the idea of launching the...

GBP/USD forms shooting star pattern after strong UK PMI data

The GBP/USD has formed a bearish shooting star pattern on the daily chart. The pair is reacting to the strong manufacturing PMI data from the...
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