Reversal pattern is forming on both, daily and weekly chart
The Euro fell 0.3% in Asia / early European trading on Monday, as US/China ceasefire deal boosted dollar.
The single currency holds in red at the first day of week / month and quarter and generates initial negative signals as two-legged…
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Loonie advances after solid data but key supports hold for now
The pair dipped to new multi-month low at 1.3068 (also low of 1 Feb) on Friday, following stronger than expected Canada’s GDP (Apr 0.3% m/m vs 0.1% f/c) which additionally boosted the loonie.
The pair holds in steep descend for the past…
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Extended directionless mode looks for a catalyst
Cable is holding within narrow range on Friday, showing mild reaction on UK data (Q1 GDP came in line with expectations / previous, while trade deficit widened significantly in Q1 but fell below expectations).
The action in past two days…
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Bulls pressure key resistance zone but risk of stall exists
The Australian dollar extends advance above psychological 0.70 barrier on Friday, as bulls remain uninterrupted in expectations of a positive outcome of Trump / Xi meeting in G20 summit.
Bulls approach very strong resistance zone between…
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Euro bounces on solid EU data; G20 summit in focus
The Euro jumped in early European trading on Friday, boosted by solid data from EU member countries.
German import prices showed better than expected results in May, French inflation beat expectations, while Spanish data showed that…
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Near-term directionless mode may extend after repeated rejection at range top
The uptrend from early May’s low at 0.8489 shows initial signs of stall, following repeated rejection at 0.8975 (also 18 June high).
Wednesday’s Doji candle signaled indecision, while today’s action remains in red and supports negative…
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Oil price eases from new high on uncertainty ahead of G20 / OPEC meetings
WTI oil price eases on Thursday and probe below broken 200SMA, following Wednesday’s spike to new one-month high at $59.91and subsequent pullback that signaled bulls might be running out of steam.
Oil price advanced after data showed…
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Bears pressure higher base at 14.13 after break below 200SMA
The pair remains in red on Thursday and extends below 200 SMA (14.23), following Wednesday’s clear break through thin daily cloud and marginal close below 200SMA, after the moving average contained several attacks during past five days.…
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Bulls penetrate daily cloud and eye key barriers at 0.7022/41 zone
The Australian dollar maintains firm tone and penetrates thick daily cloud in early trading on Thursday, after false break on Wednesday.
The pair is holding around new 2 ½ week high at 0.6999 and strongly pressuring psychological 0.70…
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Extended bulls cracked important barriers at 108 zone; Trump/Xi meeting eyed for fresh signals
The pair is holding near one week high at 108.16 in early European trading on Thursday, following overnight’s bullish acceleration on news that US and China have a tentative deal.
Extension of Wednesday’s rally broke above important Fibo…
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