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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Completion of reversal pattern keeps n/t focus at the upside
Cable holds positive tone on Monday but so far holding within narrow consolidation, following Thursday’s long-tailed Hammer and strong rally on Friday which completed reversal pattern on daily chart.
Strong bullish momentum and 10/20/30SMA…
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Bulls regain momentum and pressure key 1.1444 Fibo barrier
The Euro extends recovery in early Monday’s trading after Friday’s long-legged Doji, which signaled strong indecision but generated bullish signal on repeated close within thick daily cloud.
Fresh advance is supported by strong bullish…
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Doji reversal pattern is forming on weekly chart and could be a signal for stronger correction
WTI oil extended recovery on Friday, boosted by fresh optimism over US/China trade talks and stronger than expected China’s Services PMI (Dec 53.9 vs 52.9 f/c).
Fresh bullish acceleration broke above falling 20SMA ($48.18) with Friday’s…
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Huge Hammer may signal stronger recovery; today’s key events eyed for further signals
The pair holds in green on Friday on optimistic signals about US/China talks which reduced safe-haven demand and put yen under pressure after five straight days of rallying.
Very strong downside rejection on Thursday suggests that bears…
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Extended rebound pressures strong Fibo barrier ahead key events
Cable remains constructive and extends recovery after Thursday’s flash crash and extends recovery towards pivotal Fibo barrier at 1.2694 (38.2% of 1.3174/1.2397 descend) in early European trading on Friday.
Strong downside rejection at…
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Positive tone ahead of US NFP / Fed Powell
The Euro stands at the front foot in early Friday’s trading and extends recovery from previous day’s 2 ½ week low at 1.1309.
Recovery probes above 1.1400 barrier, marking 50% retracement of Wednesday’s over 1% fall and keeping near-term…
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Spot Gold advances further on weaker dollar / safe-haven demand; psychological $1300 barrier in…
Spot gold reached new high at $1292 on Thursday (the highest since 10 June 2018), in extension of steep ascend, driven by increased safe-haven demand on fears of global growth slowdown and high market volatility.
The yellow metal rose over…
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Directionless mode exists as Fibo barrier at $47.01 caps recovery
WTI oil trades in a choppy mode on Thursday, amid volatile stocks and currency marks and still lacking clearer direction signal after three straight Dojis.
Recovery attempts from new multi-month low at $42.36 (2018 low, posted on 24 Dec)…
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