WTI maintains positive tone and eyes 100WMA
WTI oil bounced on Monday following short-lived probe below $57 handle (session low at $56.95) and aiming towards last Friday’s high at $57.79 (the highest since mid-Nov 2018).
Optimistic tones from US/China trade talks and production cut…
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Triangular consolidation extends; weakening momentum warns of pullback
The pair remains directionless and within narrow range on Monday, on track to mark another daily action by tight Doji.
Bulls continue to lose momentum since double rejection (13/14 Feb) on approach to 200SMA which sees increasing downside…
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Renewed bulls attack again pivotal falling 20/30SMA to signal an end of congestion on firm break
Bulls regained traction on Monday and gear up for renewed attempts higher and eventual break above the range that extends into fourth straight day.
Triple long-legged Doji (Wed/Thu/Fri) signaled strong indecision and directionless mode, as…
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Directionless mode extends but bias remains bullish above 200SMA
Cable holds in directionless mode for the fourth straight day, consolidating under 1.31 zone, where strong recovery rally stalled.
Near-term bias remains with bulls as broken 200SMA contained dips and continues to underpin, but triple-Doji…
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Aussie extends recovery on fresh US/China talks optimism
The Australian dollar extends recovery from last week’s low at 0.7070, advancing for the second straight day, boosted by fresh optimism over US/China trade talks.
US President Trump said he will delay increasing tariffs on…
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Oil consolidates under new 2019 high; bullish bias remains intact above 100SMA
WTI oil regained traction and probes back above $57 handle on Friday, following bearish close on Thursday (the first close in red after six straight bullish days), when the price came under pressure from stronger than expected build in…
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Bulls struggle at 111 zone but 200SMA barrier is still in focus
The pair holds within a narrow range on Friday, extending directionless mode into third straight day.
Bulls struggle at 111 resistance zone, which guards more significant 200SMA (111.30), break of which would generate bullish signal for…
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Holding above 200SMA minimizes risk of deeper pullback
Strong indecision, signaled by Wednesday’s spinning top and subsequent Doji on Thursday, so far did not result in more significant weakness, as dips hold above broken 100SMA (1.3000).
Near-term price action remains supported by…
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Extended sideways mode looks for fresh signals
The Euro holds at familiar levels and trading around the mid-point of past two days range (1.1320/71) in early European trading on Friday.
Double-Doji on Wed/Thu signals strong indecision as recovery attempts repeatedly failed to close…
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Bounce after 1% fall struggle at 10SMA barrier; news from China in focus
The Australian dollar bounces from one-week low at 0.7070 in early Friday’s trading, after 1% fall on Thursday.
The Aussie was hit by China’s Dalian port to ban coal imports from Australia, with focus turning towards further steps of…
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