Aussie at 4-month high on risk appetite rally; test of 0.7445 pivot seen after consolidation
The Aussie dollar benefited from fresh risk appetite on deal of US / China presidents to put trade conflict on hold and hit new four-month high at 0.7393.
The pair started week with almost 70-pips gap higher and extended advance on fresh…
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Hopes for fresh advance would remain alive while Fibo support at 113.37 holds
The pair moved lower on fresh risk appetite after trade war was put on hold, with fresh weakness being so far contained by pivotal support at 113.37 (Fibo 38.2% of 112.30/114.03, reinforced by rising daily Tenkan-sen).
Daily MA’s in…
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Recovery rally on trade war ceasefire still away from key 1.2850 barrier
Cable ticked above 1.28 handle on fresh risk appetite and retraced the largest part of last Thu/Fri fall on short-covering.
Bounce confirms strong support at 1.2725 zone, but the pair remains within 1.2850/1.2725 congestion which extends…
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Relief rally on eased trade tensions faces strong obstacle at 1.1400 zone
The Euro hit session high at 1.1380 at the beginning of European trading on Monday, following gap-higher opening and subsequent advance in Asian session.
The single currency benefits from renewed risk appetite after agreement of US…
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Extended consolidation awaits for a catalyst to establish in fresh direction
WTI oil stands at the back foot on Friday but holding above psychological $50 support, which was cracked on Thursday's dip to $49.40.
Failure to eventually close below $50 trigger, kept the price in extended consolidation during this week.…
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Outcome of Trump/Xi meeting could result in test of 200SMA or daily cloud top
The Aussie dollar moved lower on Friday after strong rally in past two days hit new three-month high at 0.7344 on Thursday but failed to close above previous peak at 0.7335 (16 Nov).
Long upper shadow on Thursday's daily candle signal…
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Thursday’s hammer suggest pullback might be over; G20 summit would provide stronger direction…
Firmer tone on Friday increases hopes of recovery as Thursday's strong downside rejection left hammer candle, signaling that two-day pullback might be over.
Dip was contained by 10SMA (113.15) and subsequent bounce resulted in daily close…
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Directionless mode after Brexit / Fed eyes G20 meeting for fresh signals
Cable trades in narrow-range directionless mode on Friday and holding within larger range which extends into third straight week and on track to end the third week in Doji candle.Quiet mode comes after bumpy ride in past three days, driven…
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Bulls show hesitation at 1.1393 Fibo barrier but keep focus at the upside
The Euro consolidates under new one week high at 1.1401 in early Friday's trading, as strong two-day rally is taking a breather after failing to close above cracked pivotal Fibo barrier at 1.1393 (61.8% of 1.1472/1.1267) on Thursday.…
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WTI break below psychological $50 support for the first time in 13 months
WTI oil eventually broke below psychological $50 support and hit new 2018 lows on Thursday, in extension strong fall previous day, generating strong signal of continuation of larger downtrend which took a breather above $50 pivot.
The…
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