Bounce from key supports eyes UK data for fresh signals
Cable jumped in early European trading on Thursday, dragged by higher Euro on renewed hopes of US/China trade deal, after holding within tight range in Asia.
Wednesday’s strong upside rejection and close in red pointed to strong fears of…
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Fresh advance attempts again towards pivotal Tenkan-sen barrier
The pair was up around 50-pips in Asia / Europe on Wednesday, to pressure again key barrier at 107.47 (daily Tenkan-sen / Fibo 50% of 108.46/106.48 downleg), where the action in past two days was repeatedly capped.
The downside remains…
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Fresh strength attacks again key 1.10 resistance zone
The Euro stands at the front foot in European trading on Wednesday and jumps towards key barriers at 1.10 zone.
The action of past four days was congested between daily Tenkan-sen and Kijun-sen lines, with negative impact on four…
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Brexit pessimism keeps bears in control, extended corrective upticks to be capped under 1.2270/90…
Cable bounces new one-month low at 1.2195 (also Fibo 61.8% of 1.1958/1.2582) in early Wednesday’s trading, as traders take profits after strong fall on Tuesday and bears consolidate above key support.
Bears remain in control on rising…
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Lira looks for further weakness after Monday’s 2% fall on rising geopolitical tensions
The pair is consolidating after rallying 2% on Monday, as Turkish lira was hit strongly by President Trump’s warning that the US would hurt badly Turkey’s economy if they take a military action in northeast Syria after US troops pull out…
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Pivotal support at 1.2270 tested again as Brexit pessimism weighs
Early Tuesday’s action stays in red and hit new low at 1.2264 (the lowest since 2 Oct) on probe through 1.2270 pivot (daily Kijun-sen / 50% retracement of 1.1958/1.2582 upleg).
Monday’s upside rejection and close in red after Friday’s…
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Recovery extends on profit-taking / trade talks optimism
WTI oil extends recovery into second day as traders booked profits from strong fall in past two weeks.
Slight optimism on progress in US-China trade talks, which are due to resume this week, also inflates oil price.
Thursday’s Hammer…
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Directionless mode extends but Brexit uncertainty weighs on pound
Cable stands at the back foot in early Monday after Friday’s post-NFP action failed to establish in fresh direction and ended in long-legged Doji, signaling strong indecision.
Near-term action holds in the middle of thick daily cloud,…
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The downside will remain vulnerable while recovery stays capped by strong 1.10 resistance zone
The Euro ticked lower in early European trading on Monday, as upside attempts remain capped at strong 1.1000 resistance zone (falling 20DMA / 50% retracement of 1.1109/1.0878 / bear-trendline off 1.1412 high), keeping larger downtrend…
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The Euro remains constructive after Thursday’s strong upside rejection; US jobs data in focus
The Euro stands at the front foot in early Friday’s trading, but holding below key barriers at 1.10 zone (double-Fibo resistance / falling 20DMA) which was cracked on Thursday’s rally.
Failure to clearly break higher marks the significance…
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