GBPUSD – bullish bias above rising daily cloud
Cable remains at the front foot and extends recovery on Friday morning, after fresh bulls registered break and close above the top of rising daily cloud.
Fading US recession fears and solid Chinese economic data revived risk sentiment…
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EURGBP – 200DMA so far holds pullback from new multi-week high
EURGBP dips further on Friday, extending pullback from new 3 ½ month high (0.8624) posted previous day.
Fresh weakness cracked pivotal 200DMA (0.8555), with sustained break here to add to bearish signals, as reversal pattern is forming…
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AUDUSD – initial reversal signal is developing on daily chart
AUDUSD regained strength and advanced on Thursday, offsetting negative impact from Wednesday’s strong upside rejection under the base of rising daily cloud.
Several signals point to basing attempts and formation of reversal pattern on…
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Gold bounces as bulls regain traction after recent fall
Gold regained traction and bounced on Thursday, following a sharp fall in past few days.
Fresh strength signals that the situation is stabilizing after a turbulent period and broader bulls are about to re-take control.
The yellow…
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Dollar Index – limited recovery likely to precede fresh weakness as rate outlook weighs
The dollar index ticked lower in European trading on Thursday, after bounce from 8-month low (101.94, posted on Monday) started to lose traction.
Weak picture on daily chart (MA’s in bearish configuration / strong negative momentum) warn…
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EURUSD looks for clearer direction signal
EURUSD edged higher in Asia / early Europe on Thursday, hinting that pullback from Monday’s spike high (1.1009) might be over.
Signals of formation of a higher base at 1.0900 zone add to positive near-term outlook, as technical studies…
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USDJPY rises on dovish BOJ, initial reversal signal looks for confirmation
USDJPY accelerated higher on Wednesday, as traders collected some profits from steep fall in past few days, fueled by risk aversion which boosted demand for safe haven yen.
Japanese currency made an impressive rally of 8.5% vs US dollar…
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AUDUSD – hawkish RBA and dovish BOJ underpin recovery but caution on still weak technical…
AUDUSD recovery from Monday’s spike low (0.6348, the lowest since early Nov 2023) picks up on Wednesday.
Hawkish RBA on Tuesday, with policy diverging from other major central banks, fading fears about US recession and the latest dovish…
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GBPUSD – recovery above daily cloud likely to be limited
Cable started to gain traction and edged higher on Wednesday morning, after the latest drop penetrated rising daily cloud (cloud top at 1.2702) but found firm ground at 1.2682 (100DMA) where dips were repeatedly rejected.
Subsequent rise…
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EURCHF bounces from multi-year low on fresh risk appetite / SNB intervention talks
EURCHF edged higher in early trading on Wednesday on s=initial signals that risk appetite is gaining traction.
The pair from new multi-year low after being hit by surge in risk aversion in past few days, sparked by worsening economic and…
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