Target Thursdays: SPX500_m, EURUSD & XAGUSD hit target prices

<p><strong>By <a href="http://investmacro.com/contributors/contributor-profile-forextime/">ForexTime</a> </strong></p>
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<p>Check out these potential profits that you may have missed from our Daily Market Analysis.</p>
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<h3>SPX500_m bulls deliver</h3>
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<p>Back on Monday, we covered the <a href="https://www.forextime.com/market-analysis/trade-week-spx500m-bulls-charge-record-highs">SPX500_m in our trade of the week.</a> Prices were firmly bullish, especially after surging to record highs last Friday.</p>
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<li><strong>TP hit: YES</strong>, the SPX500_m hit the 4900 level</li>
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<li><strong>Why</strong>: Investor optimism for strong corporate earnings, rising tech stocks</li>
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<li><strong>Technicals</strong>: Intraday breakout above 4870 fuelled upside</li>
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<p><img fetchpriority="high" decoding="async" class=" lazyloaded" src="https://www.forextime.com/s3-static/users/user17/SPX500_mDaily_30.png" alt="" width="1000" height="800" data-entity-type="file" data-entity-uuid="f9c6b7da-8448-4bcd-909f-dc81e78befc4" data-src="/s3-static/users/user17/SPX500_mDaily_30.png" /></p>
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<h3>EURUSD hits resistance ahead of ECB</h3>
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<p>It has been a <a href="https://www.forextime.com/market-analysis/eurusd-waits-ecb-meeting">choppy week for the EURUSD</a> as anticipation mounts ahead of the ECB meeting. Nevertheless, prices have hit some of our targets before this big event.</p>
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<li><strong>TP hit: YES</strong>, the EURUSD hit 21-Day EMA and 50% Fib level</li>
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<li><strong>Why:</strong> Mixed Eurozone data dampened ECB cut bets, weak US dollar</li>
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<li><strong>Technicals</strong>: Prices in a range waiting for significant breakout</li>
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<p><img decoding="async" class=" lazyloaded" src="https://www.forextime.com/s3-static/users/user17/MicrosoftTeams-image%20%2813%29_2.png" alt="" width="1000" height="800" data-entity-type="file" data-entity-uuid="26c5c1a1-475c-49d9-91e1-f8382e22e33d" data-src="/s3-static/users/user17/MicrosoftTeams-image%20%2813%29_2.png" /></p>
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<h3>XAGUSD eyes 4th target level</h3>
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<p>Silver bulls have been busy this morning, cutting through the bullish price targets like a hot knife through butter.</p>
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<li><strong>TP hit: YES</strong>, 3 out of the 4 profit targets have been hit his morning.</li>
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<li><strong>Why</strong>: A weaker dollar could be offering support to the precious metal</li>
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<li><strong>Technicals</strong>: Prices are respecting an uptrend on the 15-minute timeframe</li>
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<p><img decoding="async" class=" lazyloaded" src="https://www.forextime.com/s3-static/users/user17/XAGUSDM15.png" alt="" width="1000" height="800" data-entity-type="file" data-entity-uuid="3a95514c-c89e-4b8e-a3bf-b6fe65079baa" data-src="/s3-static/users/user17/XAGUSDM15.png" /></p>
<p><strong><em>The above scenario (XAGUSD) is based on the FXTM Signals that are posted twice a day (before the London and New York sessions) for all FXTM clients to follow. </em></strong><strong><em>This can found in the MyFXTM profile under Trading Services… FXTM Trading Signals.</em></strong></p>
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<p><img loading="lazy" decoding="async" class="size-full wp-image-54242 alignleft" src="https://www.investmacro.com/articles-analysis/wp-content/uploads/2014/07/Forex-Time-Logo.png" alt="Forex-Time-Logo" width="262" height="90" /><strong>Article by <span><a href="https://www.investmacro.com/contributors/contributor-profile-forextime/">ForexTime</a></span></strong></p>
<p><strong>ForexTime Ltd (FXTM)</strong> is an award winning international online forex broker regulated by CySEC 185/12 <a href="http://www.forextime.com" target="_blank" rel="noopener">www.forextime.com</a></p>