Directionless consolidation above new low extends; overall picture remains bearish
Tuesday’s advance reverses the largest part of previous day’s fall but the pair remains within one-week range above new multi-month low (0.8521) and so far without clear direction signal.
Consolidation may extend on conflicting momentum…
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Fresh bulls emerge after double downside rejection and pressure key Fibo barrier
WTI oil regained traction on Tuesday and moved above $58 mark (session high $58.36) following Monday’s dip to $57.17 (contained above daily cloud top at $57.02) and subsequent bounce that left daily long-tailed Doji candle.
Oil prices were…
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Near-term range is narrowing in expectations of UK election results
Cable eases on Tuesday following repeated failure to close above 1.2900 barrier, with fresh weakness being sparked by news about narrowing lead of Conservative Party over Labor Party ahead of UK election on 12 Dec.
Near-term action is…
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RBA chief’s comments lifted Aussie but upticks were so far short-lived
The Aussie jumped close to 0.6800 barrier after comments from RBA governor, who said that the QE is not on CB’s agenda and that negative interest rates are unlikely.
Bounce from strong Fibo support at 0.6769 (61.8% of 0.6670/0.6929) which…
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Bulls probe above 200DMA on fresh trade optimism
The pair spiked to new two-week high at 109.20 in Asian trading on Tuesday, boosted by news that the US and China are close to reach a deal.
Recovery from 108.25 zone, where a higher base is forming, probed above important 200DMA …
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Daily cloud twist could attract for stronger recovery from key support zone
The Euro is consolidating above new two-week low at 1.1003 in early Tuesday’s trading after strong three-day fall faced headwinds from strong support zone at 1.1000/1.0990 (psychological support / Fibo 61.8% of 1.0878/1.1179 / 14 Nov…
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Pullback needs to hold above daily cloud top to keep bullish bias
WTI oil stands at the back foot on Monday and extends pullback after double-failure at pivotal Fibo barrier at $58.46 (61.8% of $63.12/$50.91) last Thu/Fri.
Fresh weakness dipped below important 200DMA support ($57.53) despite optimistic…
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Lira extends weakness despite solid Turkish data
The pair rose further on Monday and broke above 200DMA, as weakening lira failed to benefit from better than expected Turkish data, released earlier today.
Fresh advance left temporary base at 5.6850 zone with return above 200DMA (5.7192)…
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Limited recovery keeps the downside at risk
The pair weakened towards session low after recovery attempts in Asia stalled on approach to psychological 0.6800 barrier, but near-term action remains supported by daily cloud which twisted today and ascends (cloud top lays at 0.6785).…
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Fresh advance pressures pivotal 200DMA barrier
The pair regained traction after last week’s triple-Doji and edged higher on Monday, as fresh optimism over US/China trade talks boosted risk appetite, reducing safe-haven demand.
Fresh advance approaches key 200DMA barrier (108.94),…
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