Strong recovery may accelerate on break above 112.95 pivot
The pair extends strong recovery into second straight day as the greenback gets boosted by safe-haven buying on renewed concerns about growing tensions on US-China trade conflict.
Fresh bulls nearly fully reversed 112.88/111.37 bear-leg,…
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Bears hold in extended consolidation and look for fresh signal from economic data
The Euro stands at the back foot on Tuesday but remains within consolidation range which extends into fourth straight day.
Monday’s bearish candle weighs on near-term action, with bearish daily techs accompanied with weaker than expected…
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Cable hit new lows on no-Brexit deal fears
Cable accelerated to new ten-week low at 1.2755 in late Asian / early European trading on Tuesday, ending brief consolidation of past two days and signaling continuation of larger downtrend.
Persisting fears of Brexit no-deal scenario keep…
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Dow bounces after repeated downside rejections; plethora of barriers warns of limited correction
Dow Jones Dec future contract regained traction and bounced on Monday, with fresh advance after repeated downside rejections last week, fueled by acquisition news from IBM and better than expected US inflation data.
Fresh recovery…
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Deeper correction could be anticipated after repeated failure at $1238 Fibo barrier
Spot gold trades in red on Monday as bulls start to lose traction after triple failure to firmly break above cracked Fibo barrier at $1238 (38.2% of $1365/$1160 fall).Several daily candles with long upper shadows signal rejection, but…
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Recovery accelerates on weaker Euro / German political news
The index rose nearly 2% in European trading on Monday, supported by weaker Euro and political news from Germany, as German Chancellor Angela Merkel said she will not seek re-election as a head of her CDU party in December.
Reversal signal…
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Corrective action struggles at 200SMA; negative fundamentals weigh on sentiment
Three-day recovery rally from new nine-week low at $65.73 (23 Oct) shows initial of stall on approach to daily cloud base ($68.11) and lacks momentum to sustain break above 200SMA ($67.49), following Friday's marginal close above it, after…
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Recovery needs break above converged MA’s for bullish signal
The Australian dollar stands at the front foot on Monday and cracked key barriers at 0.7095/97 (converged falling 10/20SMA's), following strong downside rejection on Friday, when the pair spiked to new low at 0.7020 (the lowest since late…
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Recovery after strong downside rejection probes above 55SMA pivot
The pair probes above 112 handle on Monday, following strong downside rejection on Friday and failure to take out cracked key supports - daily cloud; Fibo 61.8% of 109.77/114.54; rising 100SMA.
Friday's long-tailed candle is initial signal…
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Signals of correction forming on daily chart but limited upside seen so far
Bears are pausing on approach to key support at 1.1300 (15 Aug low) after Friday's action was strongly rejected at 1.1335 and left long-tailed bullish daily candle, which also formed bullish outside day.
Reversal of daily slow stochastic…
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