{"id":24378,"date":"2023-01-27T09:31:21","date_gmt":"2023-01-27T09:31:21","guid":{"rendered":"https:\/\/fxglobe.wpenginepowered.com\/signs-of-economic-resilience\/"},"modified":"2025-11-17T16:05:49","modified_gmt":"2025-11-17T16:05:49","slug":"analyzing-signs-of-economic-resilience","status":"publish","type":"post","link":"https:\/\/www.fxglobe.com\/th\/analyzing-signs-of-economic-resilience\/","title":{"rendered":"Analyzing Signs of Economic Resilience: Implications for Traders"},"content":{"rendered":"\n<p>Good morning Traders!<\/p>\n\n\n\n<p>It\u2019s being long said that the price of Copper is tied to the anticipation of future economic<br>activity, and with recent events such as <a href=\"https:\/\/www.fxglobe.com\/is-the-freeze-in-australia-and-china-relationship-over\/\" data-type=\"post\" data-id=\"24329\">China<\/a> dropping their Covid zero approach and<br>opening up, we saw the price of Copper trading higher.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">High Grade Copper<\/h2>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"8522\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/HG-D-scaled.jpg\" alt=\"\" class=\"wp-image-8522\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"8532\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/HG-M-scaled.jpg\" alt=\"\" class=\"wp-image-8532\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"8524\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/HG-W-scaled.jpg\" alt=\"\" class=\"wp-image-8524\"\/><\/figure>\n<\/figure>\n\n\n\n<p>The <a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0925753521002873\">Weekly chart<\/a> is in a confirmed uptrend, the latest move to the new Higher High, also<br>broke the strong resistance level at around the 3.9500 area. After this strong bullish push,<br>the market is currently overt extended from it\u2019s Moving Averages. Drawing the Fibonacci<br>retracement of the latest move, has this strong level clustering with the 61.8%<br>retracement. I\u2019ll be looking for a pullback to around this area releasing some of this strong<br>buying pressure.<\/p>\n\n\n\n<p>It\u2019s important to note that the <a href=\"https:\/\/www.fxglobe.com\/gbpjpy-reversal\/\" data-type=\"post\" data-id=\"29833\">Monthly chart<\/a> is still in a confirmed downtrend, however<br>price is currently trading above the sellers breakout level.<\/p>\n\n\n\n<p>Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning Traders! It\u2019s being long said that the pri [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[74],"tags":[],"class_list":["post-24378","post","type-post","status-publish","format-standard","hentry","category-escolhas-diarias"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/posts\/24378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/comments?post=24378"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/posts\/24378\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/media?parent=24378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/categories?post=24378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/tags?post=24378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}