Aussie extends advance, helped by Kiwi’s gains and positive signals from US/China trade talks
The Australian dollar cracked the base of falling and thickening daily cloud (0.6988), in extension of recovery rally from 0.6831 (18 June low) which paused on Tuesday and left long-legged Doji.
Fresh advance was sparked by rally of Kiwi…
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Reversal signal after double-Doji and hammer requires confirmation on close above 107.52 Fibo…
The pair bounces higher in Asia / early Europe on Wednesday, after double-Doji (Fri/Mon) and hammer candle (Tue) signaled that bears are running out of steam and market direction may change.
Reversal of daily RSI and stochastic from…
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Cable extends pullback on comments from Johnson / Fed; BoE Carney’s speech in focus
Cable extends pullback on Wednesday after double rejection at key Fibo barrier at 1.2763 (38.2% of 1.3179/1.2505), probing through lower pivots at 1.2677 (Fibo 38.2% of 1.2505/1.2783 upleg / 30SMA) and 1.2667 (20SMA).
Fresh bears are…
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Bearish engulfing on Tuesday but 200SMA holds pullback for now
The Euro is standing at the back foot in early Wednesday’s trading, following Tuesday’s close in red, which formed bearish outside day.
Four-day rally repeatedly failed at 1.1400 barrier, as massive weekly cloud weighs heavily (cloud base…
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Bears get trapped but recovery attempts lack momentum
The pair bounces on Monday, following several failures to break below thin daily cloud (bears were contained by 200SMA, currently at 14.24) that signal possible reversal after bears were trapped just below daily cloud.
Reversal of daily…
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Gold trades above $1400 level for the first time in six years
Spot gold is holding above $1400 mark on Monday, trading at the levels last visited in nearly six years.
Rising tensions between the US and Iran increased safe-haven demand, with gold price being also strongly supported by signals of Fed…
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Geopolitical tensions continue to underpin oil prices
WTI oil remains in green for the fifth straight day and extends recovery to three-week high on Monday.
Rising tensions between the US and Iran and new sanctions Tehran that Washington is about to announce, keep oil prices supported.…
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Extended bulls struggle at key Fibo barrier
The Australian dollar extends advance on Monday after Friday’s long-legged Doji and cracked pivotal Fibo barrier at 0.6949 (61.8% of 0.7022/0.6831).
Fresh bullish extension hit two-week high at 0.6961, boosted by dovish tone from Fed,…
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Extended bulls crack key Fibo barrier but may slow here
The Euro cracked strong Fibo barrier at 1.1393 (61.8% of 1.1569/1.1107) on Monday, in extension of past three days 1.6% advance, which resulted in break and close above falling 200SMA (1.1350) on Friday.
Strong bullish momentum remains…
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Bulls face headwinds from pivotal barrier at 1.2763
Cable eased from new one-month high at 1.2766 in early European trading on Monday after bulls faced strong headwinds from key barrier at 1.2763 (Fibo 38.2% of 1.3179/1.2505 / 7 June high).
Strong four-day advance from 1.2505 low is taking…
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