Extended triangular consolidation looks for fresh direction signal
WTI oil stands at the back foot in early US trading on Wednesday, after recovery attempts in Asian session which peaked at $52.50, were short-lived.
Tuesday’s bullish outside day pattern provided little support to oil price which stays…
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Bears look for daily close below key 200SMA / Fibo supports to resume
The cross extends lower and probes below key supports at 0.8871/60 (daily cloud base / 200SMA on Wednesday.
Bearish candle with long upper shadow which was left after strong upside rejection and subsequent fall on Tuesday weighs, keeping…
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Risk of pullback increases after repeated failures at daily cloud base
The Australian dollar probes through 55/100SMA support zone (0.7196/76) on fresh weakness triggered by stronger greenback.
Multiple rejections at daily cloud base (0.7207) in past few sessions signaled that recovery rally from 3 Jan spike…
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Optimism returns after short-lived negative impact from Brexit plan parliamentary rejection
Cable maintains positive tone and returns to 1.29 zone post-vote recovery high in early European trading on Wednesday.
The negative impact from parliamentary defeat of PM May’s Brexit plan, although strong on unexpected margin of defeat…
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Mixed near-term outlook while the price holds between 55 and 10SMA’s
The Euro consolidates after strong fall on Tuesday which generated negative signals on close below daily cloud top / 20SMA (1.1433/20) but failed to clearly break below significant Fibo support at 1.1392 (50% retracement of 1.1215/1.1569…
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Directionless mode between 55/100SMA’s and daily cloud base
The Australian dollar eased on Tuesday, pressured by reduced risk appetite but remains within narrow range that extends into third day.
Recovery rally from spike low at 0.6706, posted after 3 Jan flash crash, faces strong headwinds from…
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Positive tone above 10SMA but falling daily cloud continues to weigh
WTI oil edged higher on Tuesday and holding above $51 handle as two-day pullback from new recovery high at $53.29 stalled on approach to psychological $50 support.
Near-term picture remains bullish but recovery leg from $42.36 low was so…
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Violation of 1.1447/22 support zone would spark further weakness
The Euro came under pressure in early European trading on Tuesday and eased from Asian high at 1.1489, shifting near-term risk lower, after Monday’s positive close signaled that strong two-day pullback may be over.
Solid supports at 1.1447…
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Pound holds under key barriers ahead of key Brexit vote
Cable holds firm tone in early Tuesday’s trading, hours ahead of parliamentary vote on Brexit deal.
Monday’s Doji candle and failure to clearly break above pivotal barriers at 1.2877/1.2894 (Fibo 61.8% of 1.3174/1.2397 / 100SMA) signals…
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Pound may rose further on Brexit plan rejection
The cross stands at the back foot on Monday following Friday’s sharp fall (the pair was down1% for the day) as pound maintains positive sentiment on wide expectations that UK PM’s Brexit plan will be rejected that may force the UK to stay…
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