Bermaui Analysis - page 19

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Muhammad Elbermawi
7759
Muhammad Elbermawi  

"When you were born might be the single most important factor when determining your experience in the market. It’s also the one that is completely out of your hands."

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Muhammad Elbermawi
7759
Muhammad Elbermawi  
I think NZDCHF might reverse its direction soon because:
  1. It touch the psychological round figure of 0.6800.
  2. It touch the higher bands.
  3. Main trend is bearish.
Muhammad Elbermawi
7759
Muhammad Elbermawi  

Crude Oil closed lower for the 11th day in a row, the longest streak in history. Down 23% since early Oct, giving back all of its gains on the year.

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Muhammad Elbermawi
7759
Muhammad Elbermawi  
It seem that NZDCHF want to revert to the mean from its current position, because:

  1. It touched the upper price volatility bands indicator.
  2. It moves near two important resistance levels.
  3. It moves near physiological level of 0.6900
Muhammad Elbermawi
7759
Muhammad Elbermawi  

GE vs SP500 Monthly chart!

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