Aussie remains heavy after bears penetrated thick daily cloud
The Australian dollar is consolidating Tuesday’s 0.5% fall but remains in negative mode as dollar remains inflated by fresh weakness of sterling and dovish tone on RBA minutes on Tuesday.
Tuesday’s penetration of thick daily cloud and…
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Sterling remains in red on hard Brexit concerns
Cable remains in red on Wednesday’s and extends previous day’s nearly 1.5% fall, to hit new one-week low at 1.3072.
Market reacted negatively on PM Johnson’s decision to limit transition period after the UK leaves the bloc, which traders…
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Risk of reversal increases; data eyed for fresh signals
The Euro holds in red in early Wednesday's trading and retests Tuesday’s low at 1.1129 after another strong upside rejection previous day and repeated close below 200DMA (1.1150).
This adds to risk of pullback as Friday’s candle with long…
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Bulls probe again through 200DMA but key Fibo barrier is still far
The Euro remains constructive on Tuesday and probes again above 200DMA (1.1151) which capped the action in past three days.
Strong upside rejection on Friday and repeated failures to break above 200DMA suggests that bullish tone is…
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Fresh weakness is on track to fully retrace post-election rally
Cable accelerated lower in early European trading on Tuesday, following PM Johnson’s decision to limit post-Brexit transition period by the end of 2020.
Near-term sentiment soured further as fresh weakness is on track to fully retrace…
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Risk of stall to persist while 200DMA caps
The Australian dollar jumps in Europe on Monday after daily Tenkan-sen repeatedly kept the downside protected, in attempts to reduce risk reversal from Friday’s strong upside rejection and close in red which also formed daily bearish…
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Friday’s strong upside rejection adds to warning of reversal
Early Monday’s action remains capped by 200DMA (1.1152) with Friday’s bearish daily candle with very long upper shadow warning of upside rejection.
Friday’s spike to 1.1199 (just ticks ahead of pivotal Fibo barrier at 1.1208 (61.8% of…
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Post-election trading shows initial signs that bulls might be running out of steam
Cable is holding positive tone in early Monday’s trading but post-election euphoria starts to fade.
The pair returns below 1.3400 handle in early European trading, on pullback from session high at 1.3422, with hourly studies being…
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Directionless mode in expectations of clearer signals from trade talks
The pair dipped to the session low in early US trading on Friday, following the latest comment from President trump, who said that tariffs story was completely wrong, without providing further explanations.
China’s officials are expected…
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Euro was boosted by pound’s rally but bulls lose traction at 1.12 zone barriers
The Euro surged to four-month high in Asia on Friday, underpinned by strong rally of British pound, but EURGBP losses tempered gains.
Fresh advance surged through important barriers (200DMA / former highs) but faced strong headwinds from…
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