Repeated rejections suggest that pullback might be running out of steam
The pullback from new 7-week high (136.62) faced strong headwinds and repeatedly failed to close below cracked rising 10DMA, with today’s action being contained by the indicator (currently at 135.51).
Larger bulls from 131.76 (22 June low)…
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Dips are expected to precede attack at key Fibo barrier
Bulls are taking a breather on Tuesday after hitting new highest level in nearly two years (1.1781).
Extension of last week’s strong rally (2.1%) approached key Fibo barrier at 1.1822 (61.8% of 1.2555/1.0635), but overextended daily techs…
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Bulls pause ahead of attack at psychological $2000 barrier
Spot gold pulls back from new record high ($1981) on Tuesday as bulls take a breather and position for final attack at $2000 target.
Overbought daily studies already warned of correction, with more signals seen today as RSI and stochastic…
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Bulls accelerate to 4 1/2 month high and eye psychological 1.30 barrier
Cable accelerated higher on Monday (up 0.75% for the day until now), inflated by collapsing dollar and hitting highest levels in 4 ½ months.
Bulls surged through 1.2813 (former high of 10 June and pressure next pivot at 1.2905 (200WMA)…
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Break of $43.58 or $40.00 pivotal points is needed to generate fresh direction signal
WTI oil price remains in directionless mode and holding within 80-pips range on Monday.
Rising tensions between the US and China and virus resurgence, weigh on oil price and offset positive impact from further weakness of US dollar.…
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Bears extend to the lowest since mid-March, pressure key Fibo support
The pair is down 0.7% since opening on Monday and extending steep fall into third day, driven by fresh strong safe-haven demand and further fall of the dollar.
Fresh weakness pressures key Fibo support at 105.20 (61.8% of 101.18/111.71…
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The dollar index falls to the lowest in nearly two years
The dollar index fell to the lowest since Sep 2018 on Monday, as rising tensions between the US and China sparked fresh selling.
Bears broke through key Fibo support at 94.12 (Fibo 61.8% 2018/2020 ascend from 88.14 to 103.80) and cracked…
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Fresh bullish extension approached key barriers
The Euro extends steep uptrend (up over 4% this month) and broke above 1.1700 barrier for the first time since Sep 2018.
Fresh advance hit new 23-month high on Monday as the single currency was further boosted by rising tensions…
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