Quiet trading ahead of Fed
The Aussie dollar holds in quite mode ahead of Fed’s decision today, after Tuesday’s long-legged bearish daily candle signaled that three-day recovery from 0.6982 low might be running out of steam.
Recovery action show hesitation…
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Break of 200SMA needs confirmation on close below 30 SMA; Fed eyed for fresh signals
The USDJPY pair holds in narrow consolidation between key points at 111.50 (200SMA) and 111.37 (Fibo 38.2% of 109.71/112.40, reinforced by 30SMA) in Europe on Wednesday.
Tuesday’s eventual close below 200SMA was strong negative signal…
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Extended bulls eye key barrier at 1.1242; US data / Fed in focus for fresh signals
The Euro holds in green for the fourth straight day and extends advance in early Wednesday’s trading, maintaining positive tone from Tuesday’s better than expected EU GDP data.
Series of data from the US today and key event – Fed rate…
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Brexit optimism keeps bulls fully in play ahead of key data
Cable maintains positive tone and extends advance in early European session trading on Wednesday, following Tuesday’s 0.76% rally which penetrated and closed within thick daily cloud (cloud base lays at 1.3024).
Fresh bulls, boosted by…
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Euro bears were frustrated by mixed US data but more evidence is needed to signal reversal
The EURUSD stayed at familiar levels following choppy reaction on today’s key event, release of US Q1 GDP data.
Surprise acceleration of US growth in the first three months in 2019 (3.2% vs 2.2 prev and 2.0% f/c) was positive signal.
The…
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Extended pullback tests important 20SMA support
WTI oil price holds in red for the third straight day and extends pullback from new 2019 high into third straight day.
Weekly chart initial signs of stall of larger uptrend, on bearish divergence on overbought weekly stochastic and…
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Limited recovery after long-legged Doji awaits fresh signals from US GDP data
Cable holds slight positive tone in early Friday’s trading after larger bears showed indecision, as Thursday’s action ended in long-legged Doji.
Recovery attempts stay for now capped by broken Fibo 76.4% support at 1.2916 (also Thursday’s…
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Bears take a breather above new 22-mth low ahead of US data
The Euro is consolidating above new multi-month low at 1.1118 (also low of 20 Jun 2017) on Friday, following strong bearish acceleration in past three days, when the single currency lost 1.1%.
Broadly stronger dollar keeps the Euro under…
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Aussie consolidates around 0.70 handle after 1.24% fall
The Aussie dollar consolidates around 0.70 handle, following attempt through this important support which resulted in posting the lowest since 3 Jan at 0.6992.
Bears hold grip after Wednesday’s 1.24% fall (the biggest one day losses since…
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Strong dollar keeps sterling under increased pressure
Bears pressure new ten-week low at 1.2886 in early Thursday’s trading, as fresh bearish signal, in addition to Tue’s break of key 200SMA, was generated on Wednesday’s close below Fibo support at 1.2916 (76.4% of 1.2772/1.3381).
There are…
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