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Forex Market Reviews

21 December 2017

Market sessions

## wisniewski

Daily analytical report (21/12/17)

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After triggering major sell signal on the 5th of December gold went significantly lower but in the last few days we have had a bullish correction which aimed the previous broken support. Why are we talking about correction and not reversal? Well, the upswing is shaped like a wedge so it promotes the further drop. Yesterday and today, the price tested the 38,2% Fibonacci. Those tests resulted in a bearish bounce so we may be witnessing the end of the correction and comeback to the downwards trend.
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20 December 2017

Market sessions

## wisniewski

Daily analytical report (20/12/17)

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Bitcoin is suffering another bearish correction. Been there, done that. So far, in the past three days, the price has declined by 3,000 USD. As for the potential targets of current downswing, the 14,000 support seems reasonable.
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