Completion of reversal pattern on daily chart fuels further weakness
The cross accelerates further down on Tuesday after Monday’s 1% drop (the biggest one-day fall since 1 Aug 2019) completed Doji reversal pattern on daily chart.
Increased demand for safe-haven yen ahead of Fed and overbought Euro vs…
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Fresh bearish extension signals deeper pullback and unmasks key support at 1.1187
The Euro returns to red on Tuesday and extends pullback from new three-month high (1.1383) after Monday’s Doji showed indecision.
Reversal of daily stochastic and RSI from overbought territory and fading bullish momentum, point to…
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WTI price dips after Saudi and Gulf allies announced halt of voluntary additional production cuts
WTI oil dipped on Monday (down around 3% since Asian opening) on Monday after unsuccessful first attempt through psychological $40 barrier.
Oil prices were inflated by the decision of OPEC+ group over the weekend to extend its existing…
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Overbought conditions and profit-taking push the pair lower ahead of Fed policy meeting
The pair drops to 109 support zone on Monday, pulling back after bulls failed to close above 100WMA (109.63) on Friday, with daily action being capped by 200WMA (109.85).
Overbought daily studies and profit-taking after last week’s 1.8%…
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Bulls face headwinds from weekly cloud base
Cable probes above 200DMA (1.2668) in early Monday after Friday’s close was exactly at 200DMA, with the action being underpinned by big weekly bullish candle (the pair was up 2.8% last week).
On the other side, bulls face strong headwinds…
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Bulls regain traction but overbought studies warn of consolidation
The Euro is holding in green in early Monday’s trading following Friday’s close in red (the first negative close after eight consecutive bullish days.
US NFP surprise temporarily inflated dollar but fresh optimism in the market…
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WTI cracks psychological $40 barrier after OPEC+ decision to extend production cut
WTI oil rose on Monday and cracked psychological $40 barrier, hitting the highest in three months after major oil producers agreed to extend a deal on production cuts to the end of July.
OPEC+ group decided on Saturday to extend reduction…
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The dollar rises near psychological 110 barrier after NFP shocker
The pair rose to two-week high on Friday after US NFP shocker inflated dollar.
Fresh bullish acceleration extends advance of past three days through key Fibo barrier at 109.52 (61.8% of 111.71/105.98) and cracked next strong barrier at…
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Aussie cracks psychological 0.70 level en-route to key barrier at 0.7032
The Australian dollar cracked psychological 0.70 barrier on Friday, in extension of steep bullish acceleration this week (the pair is on track for weekly gains of nearly 5%).
Bulls approach key barrier at 0.7032 (31Dec 2019 high) and break…
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