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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Bulls eye daily cloud top after 1.1444 Fibo barrier was taken out
The Euro remains bid in early American session on Monday and establishes above broken 1.1444 pivotal Fibo barrier.
The pair advanced 0.6% since Monday’s opening and pressures initial target at 1.1478 (100SMA) with pivots at 1.1496/1.1515…
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Recovery extension eyes pivotal barriers at $49.89/$50.00
WTI oil holds in green for the fifth consecutive day on Monday, in extension of recovery from December’s multi-month low at $42.36.
Fresh advance probes through $49.00 round-figure barrier and cracked falling 30SMA ($49.23) after Friday’s…
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Recovery is losing traction and increasing risk of fresh weakness
Recovery from last-week’s sharp fall is losing traction despite Friday’s bullish candle (the first after five straight days in red) and close above Fibo barrier at 108.07 (38.2% of 113.70/104.59 bear-leg).
The dollar was weaker across the…
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Recovery extension probes through Fibo barrier and eyes daily cloud
The Australian dollar maintains positive tone on Monday and extends recovery, following Friday’s strong rally (up 1.6%) which completed reversal pattern on daily chart.
Fresh advance probes through pivotal barrier at 0.7131 (Fibo 61.8% of…
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