Bulls crack key barriers, signaling further advance
The USDTRY pair extends advance into third straight day and broke above 55DMA (5.6828), penetrating thick daily cloud (base lays at 5.7202) and approaching another pivotal barrier at 5.7531 (Fibo 38.2% of 6.2445/5.4494 descend).
Very…
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Downside risk rises after repeated rejection at key barrier
The pair holds in red on Tuesday after three-day recovery repeatedly failed to clear key Fibo barrier at 106.68 (38.2% of 109.31/105.05).
Rising bearish momentum on daily chart warns of further easing, with extension below 10DMA pivot…
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Near-term focus turns lower after recovery stalled under falling 20DMA
Fresh bearish extension on Tuesday after recovery was repeatedly rejected under falling 20DMA, retraced over 50% of 1.2015/1.2175 recovery phase and also probes below 10DMA (1.2099), close below which would signal an end of recovery phase…
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Bears focus key 1.10 support but may consolidate further before final attack
The Euro stands at the back foot in early European trading on Tuesday and pressuring Friday’s low at 1.1066, following strong recovery rejection at 1.11 zone and Monday’s bearish close, which marked the fifth straight daily close in red.…
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Bulls struggle at key Fibo barrier
The pair stands at the front foot for the third straight day and tests again pivotal Fibo barrier at 106.68 (38.2% of 109.31/105.05 bear-leg, which repeatedly limited recovery attempts in past two weeks.
Formation of 5/10DMA’s bull-cross…
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Rising risk of recovery stall under 20DMA
Cable eases on Monday, following double rejection just under falling 20DMA (1.2185) and signaling that recovery action from new 2 ½ year low at 1.2015 (12 Aug) might be running out of steam.
Last week’s bullish close, the first after four…
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Bears remain in play while 20DMA caps recovery
The Euro rebounds modestly in early Monday’s trading following nearly 1% fall last week that hit 2-week low at 1.1066 on Friday.
Recovery is signaled by reversal of deeply oversold daily stochastic and Friday’s hammer candle, but faces…
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Aussie falls to eight month low on China tariffs; US NFP data next
The US dollar fell against safe-havens and rose against other currencies on news about new tariffs on goods from China, with Australian dollar being the top loser among major currencies.
The pair hit new eight-month low in extension of…
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Oil is consolidating after falling nearly 6% on fears of new China tariffs
WTI oil price is consolidating above new six-week low at $53.58, posted after nearly 6% fall on Thursday.
Oil was already under pressure after hawkish Fed on Wednesday that boosted dollar and sold after President Trump’s tweet above more…
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Yen extends advance and pressures key support ahead of US jobs report
The pair falls further in early Friday’s trading and pressuring key short-term support at 106.78 (25 June low) following 1.31% fall on Thursday (the biggest one-day loss since 17 May 2017).
Message from President Trump that the US would…
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