Fresh bulls struggle again at 55SMA
Cable is bid in early Wednesday’s trading and sidelined the downside risk after Tuesday’s close in red which formed bearish outside day pattern.
Advance on fresh risk appetite re-tested falling 55SMA (1.2779) which capped the action in…
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Renewed risk appetite keeps bulls in play for fresh probe through 100SMA
The Euro was up in early Wednesday’s trading and retraced the largest part of Tuesday’s dip, after bulls repeatedly stalled at 100SMA.
Weaker dollar on fresh risk-appetite mode on hopes of US/China trade deal helped the single currency to…
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Optimism on trade deal lifts Aussie; bulls crack key resistance zone
The Australian dollar extended advance and hit new three-week high at 0.7171 in Asian trading on Wednesday, as fresh optimism over US/China trade talks deal boosted riskier assets and commodity-linked currencies.
Strong bullish sentiment…
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Repeated rejection at 55SMA signals that bulls are running out of steam
Cable dipped to daily low at 1.2711 in US trading on Tuesday after attempts through 55SMA (1.2782) in early European session resulted in posting new 2019 high 1.2796, but gains were short-lived.
Three-day recovery rally faced strong…
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WTI Oil stands at the front foot but key barriers at $50 zone are still intact
WTI oil maintains positive tone on Tuesday and probes again through falling 30SMA (currently at $49.19) which limited Monday's action.
Oil price remains in green for the sixth straight day and eyes pivotal barriers at $49.89 (Fibo 61.8% of…
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Fragile geopolitical situation and weakening techs could spark further fall of Turkish lira
The USDTRY has stabilized and moves higher after last week’s strong rally to 5.8767 and subsequent quick pullback.
Fresh upside attempts extend into second day and penetrate daily cloud, on track for close within the cloud after the action…
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Bulls are consolidating ahead of key barriers
Strong three-day recovery rally is pausing on Tuesday and consolidating under three-week highs at 0.7149 (Mon/Tue).
Bulls are taking a breather ahead of strong barriers at 0.7166/85 zone (30/55/100SMA’s / daily cloud base) as slow…
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Bulls risk stall at pivotal Fibo / Kijun-sen barrier
The pair remains in green for the third straight day and extends recovery after last week’s flash crash, but face headwinds at strong 109.15/20 barriers (50% of 113.70/104.59 / daily Kijun-sen).
Risk of recovery stall exists as daily MA’s…
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Bulls struggle at 55SMA with little help from upbeat housing data
Cable is regaining traction after consolidation in Asian session and probing through 55SMA / 50% of 1.3174/1.2397 bear-leg (1.2783/86), where three-day rally faced strong headwinds on Monday.
Pound moved higher after markets digested…
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Bulls are taking a breather after another failure at 100SMA
Bulls are taking a breather after strong three-day recovery rally managed to close above pivotal Fibo barrier at 1.1444 (38.2% of 1.1815/1.1215) but was again failed to clearly break above 100SMA (1.1478).
Early Monday’s action is holding…
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