Euro is consolidating between daily cloud top and 200DMA
The Euro dips below 1.10 handle on Friday after earlier upticks were capped by 200DMA (1.1081).
The pair rallied 1.3% on Thursday, making the biggest daily advance since 12 Jan 2018 and generated bullish signal on close above daily…
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Bulls are pausing ahead of $1700 target, on track for the biggest weekly gains in nine years
Spot gold eases on Friday, taking a breather after bulls failed to clear Fibo barrier at $1643 (76.4% of $1703/$1451 fall) on first attempt.
Overall picture remains positive as the yellow metal advanced nearly 8% this week and on track for…
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Dollar index dips through key supports after downbeat US jobless claims data
The dollar index accelerated lower on Thursday, extending steep pullback into fifth straight day.
Fresh weakness broke below key supports at 100.28/00 (Fibo 38.2% of 94.59/103.80 rally / psychological), generating strong reversal signal.…
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Bulls face headwinds from psychological 1.20 level but key Fibo barrier at 1.2093 is still in focus
Cable stands at the front foot in European trading on Thursday, following bullish signal on previous day’s close above 1.1832 (Fibo 23.6% of 1.3199/1.1409) but bulls face headwinds on approach to psychological 1.20 barrier, with near-term…
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Extended recovery penetrates daily cloud and focuses key barriers
The Euro extends recovery into fifth straight day, with bullish signal generated on Wednesday’s close above 1.0838 Fibo barrier (23.6% of 1.1494/1.0635).
Fresh advance cracks the base of thick daily cloud (spanned between 1.0930 and…
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Bulls focus 2020/19 highs but may take some time for final attack
The pair maintains bullish tone and eyes key barriers at 112.22 (2020 high) and 112.40 (2019 high) as four consecutive closes above Fibo barrier at 109.61 (76.4% of 112.22/101.18) added to positive signals despite evident hesitation that is…
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Cable dipped nearly three big figures after recovery ran out of steam
Cable lost traction and fell near 1.1700 handle in early US trading on Wednesday after recovery accelerated through Fibo 23.6% and 10DMA barriers (1.1832/87 respectively) but stalled after hitting a peak at 1.1973.
The pair lost…
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WTI price dips as oversupply concerns offset positive impact from US aid package
WTI oil dips below $24 on Wednesday after hitting session high at $25.83, unable to hold gains, despite overall positive sentiment in the markets after US Congress passed aid package.
Oil prices remain vulnerable of fresh losses as…
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Recovery needs close above pivotal Fibo barrier to signal reversal
The Euro stands at the front foot on Wednesday and probes again above pivotal Fibo barrier at 1.0838 (23.6% of 1.1494/1.0635 fall) following Tuesday’s failure to clearly break above, despite spike to 1.0887.
The sentiment has improved on…
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