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Summary
This webinar will teach you how to draw channels properly, including equidistant channel, MA channel and Andrew's pitchfork. Additionally you will learn which trend lines are valid and which are not.
Both MT4 and MT5 tools will be covered.
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Editors’ Picks
EUR/USD hits fresh one-month low amid souring market mood
EUR/USD has been extending its falls and dips below 1.21 as US retail sales badly disappointed and the worsening mood is supporting the safe-haven dollar. Markets digest Biden's stimulus plan. US Consumer Sentiment declined to 59.2 points.
USD/JPY drops to fresh daily lows near 103.60
USD/JPY is falling for the second straight day on Friday. Wall Street's main indexes look to open in the negative territory. 10-year US Treasury bond yield is down more than 2%.
GBP/USD retreats toward 1.36 amid fresh dollar strength
GBP/US has pared its gains and falls toward 1.36 as the dollar gains ground. The UK economy shrank by 2.6% in November, better than estimated. The UK is ramping up its vaccination campaign and PM Johnson is pressured to ease the lockdown.
Gold extends sideways grind near $1,850
The XAU/USD pair registered small daily gains on Thursday but struggled to extend its recovery amid a lack of significant fundamental drivers on Friday. As of writing, the pair was up 0.15% on a daily basis at $1,849.
WTI drops briefly back below $52.00 amid risk off market conditions
The front-month futures contract for the American benchmark for sweet light crude oil, West Texas Intermediary (WTI), has been on the back foot on the final trading day of the week.