Bulls remain in play after last week’s 1.2% advance
Cable is holding well above key 1.30 support in early Monday’s trading and consolidating after last week’s 1.2% advance.
Main boost for pound last week was change of the finance minister in PM Jonson’s cabinet as new finmin Sumak is seen…
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Break below 10DMA would signal end of recovery phase and reversal
The Australian dollar fell in European session on Friday, maintaining negative near-term tone, following repeated recovery rejection at 0.6750 Fibo barrier (23.6% of 0.7032/0.6662, reinforced by falling 20DMA) and Thursday’s close in read…
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Directionless action between 109.57 and 110
Friday’s action was so far shaped in Doji candle and in directionless, following Thursday’s close in red after failure to sustain break above important 110 barrier.
Coronavirus fears prompted investors into safe-havens that boosted yen…
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Bears may extend towards 1.07 zone after limited consolidation
The Euro is consolidating under new nearly 34-month low at 1.0827 on Friday but maintains strong bearish tone and on track for the second straight massive weekly loss (the pair fell 1.32% last week and is so far down 0.84% this week).…
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Consolidation may precede fresh advance as appointment of new fin min boosted the sentiment
Cable maintains firm tone and holding near one-week high (1.3069) posted after Thursday’s 0.64% advance.
Marginal daily close above 1.3040 (50% of 1.3209/1.2871 / 30DMA) was bullish signal which requires confirmation on repeated close…
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Bears extend to the lowest level since 2015
The cross extends steep bear-leg from 1.0727 (5 Feb lower high) through key support at 1.0631 (21 Feb 2017 low) and hit new multi-year low at 1.0609 (the lowest since Aug 2015).
Safe-haven Swiss franc remains well supported by growing …
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Strong bullish acceleration surged through key barriers
Cable surged through pivotal 1.30 barrier (Fibo 38.2% of 1.3209/1.2871), following mild negative reaction on resignation of Britain’s finance minister Javid amid reshuffle PM Johnson’s cabinet.
Pound maintained positive tone from past…
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Solid US data push Euro through important Fibo support
The Euro probed below important Fibo support at 1.0863 (76.4% of 1.0340/1.2555 ascend) following brief consolidation in early European trading on Thursday.
Solid US data (jobless claims beat forecast and CPI figures signal slight…
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Bulls are back to play and eye key 1.30 barrier
Cable regained traction and edged higher on Thursday, keeping near-term focus at the upside and averting risk of formation of shooting star reversal pattern on daily chart, after Wednesday’s action stalled on approach of key 1.30 barrier…
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Bears are pausing ahead of key US CPI / German GDP data
The Euro is taking a breather above new low at 1.0865 (the lowest since early May 2017) and Fibo support at 1.0863 (76.4% of 1.0340/1.2555), following previous day’s 0.38% fall.
Bears face headwinds from Fibo support and oversold daily…
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