Extended range-trading following multiple failure at 110 resistance zone
The pair eases on Wednesday after the third straight failure at 110 zone, as traders took some profits on fears that bulls may stall her again.
Dip was so far contained by initial 10SMA support (109.46) but could extend as momentum…
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Bears are taking a breather above pivotal Fibo / 100SMA support at 1.2904
Bears found footstep at 1.2925, just above key support at 1.2904 (100SMA / Fibo 38.2% of 1.2397/1.3217), after four-day fall which accelerated on Tuesday, on strong bearish signal on break below 200SMA).
Pullback from 1.3217 (25 Jan high)…
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Bears need confirmation on close below daily cloud
The Euro remains in red for the third straight day and probed through daily cloud (1.1393/82) and 55SMA (1.1391) in early Wednesday’s trading, as fresh negative signal came from downbeat German factory orders (Dec -1.6% vs 0.3% f/c).…
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Aussie surged through key supports after RBA signaled possible rate cut
The Aussie dollar fell sharply in Asia and extended weakness at the beginning of European session on Wednesday, making so far loss of 1.3%.
Comments from RBA Governor Lowe overnight, who opened the door for possible rate cut that prompted…
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Lira remains constructive despite a number of obstacles but lacks clearer n/t direction signal
The pair holds in a choppy mode and lacks direction, after recovery attempt from two-month low at 5.1595 (31 Jan) was rejected and Monday’s trading closed below initial resistance at 5.2235 (falling 5SMA).
Tuesday’s action showed strong…
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Bears crack 1.30 level and eye pivotal support at 1.2904; US PMI data eyed for fresh signals
Cable cracked 1.30 support in extension of weakness after lower than expected UK service sector PMI in Jan, released earlier today.
Downside pressure increased after Monday’s close below 200SMA and sustained break below 1.30 and rising…
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Bulls remain in play but unable to clearly break above $55.55 pivot
WTI oil holds near new 2019 high, maintaining positive tone despite the double rejection at strong Fibo barrier at $55.55 (38.2% of $76.88/$42.36 fall).
Hopes for further tightening in global oil market keep oil prices supported, with US…
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Pivotal 110 barrier continues to resist
The pair maintains positive tone on Tuesday and holds near strong 110.00 barrier, but so far without clear break higher, despite Monday’s spike to 110.16 (new 2019 high).
Lower volumes in Asia due to holidays slowed the activity, with lack…
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Break below 200SMA risks extension below psychological 1.30 support
Cable holds in red for the fourth straight day and pressures psychological 1.30 support after bearish signal was generated on eventual break and close below key 200SMA support (1.3041) on Monday, as well as completion of failure swing…
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Bears extend into second day as cloud twist attracts
The Euro accelerated lower in early European trading after quiet mode in holiday impacted Asia, keeping in red for the second day.
Mixed results from EU members Services PMI in Jan made little impact on the pair’s performance.
Break below…
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