Friday’s close above daily cloud would provide bullish signal but risk of stall exists
The Euro regained traction and returned above daily cloud in early Friday’s trading, following strong upside rejection and bearish close on Thursday.
Overall bullish bias keep bulls in play for further advance, as Wednesday’s long bullish…
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Cable stands at the back foot ahead of release of UK data
Cable holds within narrow range on Friday ahead of release of a series of UK data.
Bearish close on Thursday after repeated failure to clearly break above falling 55SMA (currently at 1.2772) and Fibo barrier at 1.2786 (50% retracement of…
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Bulls penetrate daily cloud, boosted by strong data and weaker greenback
The Australian dollar advanced further in early Friday’s trading, boosted by Australian retail sales data (Nov 0.4% vs 0.3% f/c).
Weaker US dollar on repeatedly dovish tone from Fed chief Powell, which made investors more confident that US…
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Rising 10SMA holds pullback for now, FOMC minutes eyed for fresh signals
Spot gold stands at the back foot on Wednesday, as rising optimism over possible solution for US/China trade dispute reduced safe-haven demand.
Extension of pullback from $1298 high (six-month high posted on 04 Jan) probes again through…
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WTI contract advances above key $50 resistance zone on optimism over US/China trade dispute
WTI oil rose nearly 2.5% on Wednesday, in reaction to rising optimism in the market that US/China trade dispute may be resolved.
Fresh bullish acceleration eventually broke above pivotal barriers at $49.89 (Fibo 61.8% of $54.54/$42.36) and…
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Bid tone but key 109.15/20 barriers remain intact
The pair maintains positive tone on Wednesday after Tuesday’s Doji on fresh risk-on mode, but gains were limited by headwinds from strong barriers at 109.15/20 (50% retracement of 113.70/104.59 / daily Kijun-sen) with resistance being…
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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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