Oil price holds in red on rising concerns about slowdown in demand
WTI oil holds in red for third straight day and retests cracked key Fibo support at $51.61 (61.8% of $42.36/$66.58 ascend).
Fresh weakness retraces the largest part of $50.59/$54.79 corrective action, which was capped by falling 10SMA on…
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Fresh weakness threatens of attack at key 20SMA support
The Australian dollar falls further in European session on Wednesday after Monday’s strong fall consolidated within narrow range on Tuesday.
Fresh weakness probes again below 30SMA (0.6948), with firm break to threaten test of key supports…
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Fresh weakness emerges after bulls were trapped above 10SMA
The pair dips on fresh risk-off mode on US/China trade war fears, after bulls were trapped on repeated failure above falling 10SMA.
Fresh weakness marked over 50% retracement of 107.81/108.80 recovery leg and broke below 5SMA (108.35),…
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Bulls eye 200SMA but consolidation may precede final break
Bulls fully regained control after shallow pullback and pressure last Friday’s 2 ½ month high / 200WMA (1.1347), with key barriers at 1.1364 (200SMA) and 1.1377 (Fibo 38.2% of 1.1815/1.1107) being in focus, as weak dollar adds to bullish…
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Cable extends higher on positive Brexit signals / upbeat earnings
Cable maintains positive tone from Tuesday’s upbeat UK earnings figures and weak dollar and extends advance in early European trading on Wednesday.
Improved daily techs on lift above 5;10;20SMA’s and fresh bullish momentum support the…
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Fresh upside attempts need close above 10SMA to signal extension
The dollar maintained positive tone during European and early US trading on Tuesday and probed again through falling 10SMA (108.58) after Monday’s attempts above multi-day congestion failed to close above and generate firmer bullish…
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Aussie consolidates after strong fall; Monday’s bearish engulfing weighs
The Australian dollar probes through 30SMA support (0.6949) on Tuesday, in extension of 0.71% fall previous day and pressure 0.6943 (50% retracement of 0.6864/0.7022).
Monday’s bearish outside day and close below pivotal Fibo support at…
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Bulls may show further hesitation to attack 200SMA barrier
The Euro regained traction and heads up in early European trading on Tuesday, after Monday’s dip was strongly rejected and daily action closed above broken bear-trendline off 1.1569 (2019 high) at 1.1305.
Near-term action is supported by…
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UK earnings / jobs data in focus for fresh signals
Cable is in directionless mode in early Tuesday’s trading, holding within tight range between converging 20/10SMA’s (1.2692/1.2671 respectively) and awaiting fresh signals from UK jobs/earnings data today.
Monday’s close in red and…
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Pullback extends after strong upside rejection
Bulls are losing traction as the price eases for the second day, following strong upside rejection on Friday (spike high was left at 15.17, the highest since early Sep) before quick pullback.
Daily stochastic reversed from overbought…
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