Friday’s outside day was bullish signal but recovery faces a cluster of barriers
The Euro holds steady on Monday and moved higher in early European trading, after trading within narrow range in Asia.
Fresh advance extends Friday's rally and cracked daily cloud base (1.1545) and could attack next pivotal barriers at…
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Bounces on profit-taking seen as positioning ahead of fresh weakness
The Euro hit session high at 1.1494 in US trading on Friday, following bounce from key near-term support and target at 1.1432 (09 Sep spike low) which was touched earlier today.
Pre-weekend profit-taking on strong two-day fall on Wed/Thu…
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Loonie falls on weak Canadian data, strong greenback and oil price fall
The USDCAD pair rose to new five-week high at 1.3119 on Friday, on nearly 100-pip jump after disappointing data from Canada.
Canadian CPI m/m fell 0.4% in Sep vs -0.1% f/c, while annualized figure was 2.2% in Sep, falling below 2.7% f/c…
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Bears are taking a breather above daily cloud base
WTI oil consolidates above daily cloud base ($68.51) on Friday, following strong fall on Wed/Thu when oil price registered losses of nearly 5%.
Strong bearish acceleration was sparked by unexpected build in crude inventories, which further…
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Repeated failure to clear 0.7145 Fibo barrier keeps the downside vulnerable
The Aussie moved higher on Friday, supported by higher China’s stocks, in attempts to stabilize after losses in past two days.
Dips found support at 0.71 zone, however, the downside remains vulnerable as repeated failures to close above…
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The downside would remain vulnerable while 112.74 pivot caps
The pair regained traction and bounced to 112.50 zone on Friday after bulls were repeatedly capped by pivotal Fibo barrier at 112.74 (38.2% of 114.54/111.62) on Wed/Thu, which resulted is bearish acceleration on Thursday.
Fresh upside…
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Consolidative / corrective action seen as positioning for fresh bears
Cable holds within tight consolidation just above daily cloud top (1.3012) following steep fall in past two days, when the pair registered 1.24% fall, with yesterday's fall marking the biggest one-day loss in Oct.
Bears are taking a…
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Bears pressure key supports; risk of deeper fall on break
The Euro moves lower in early European trading after holding within tight consolidation in Asia on Friday and looking for eventual attack at key supports at 1.1432/22 (09 Oct spike low / Fibo 76.4% of 1.1300/1.1815 ascend).The pair was down…
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Bears keep control but need firm break below Monday’s low
Cable attacks 1.31 support after recovery attempts stalled at 1.3130 (broken Fibo 38.2% of 1.2921/1.3257 upleg), as dollar returns to bullish path for extension of hawkish Fed-inspired rally.
The pound initially showed mild reaction on…
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Euro remains at the back foot but bears lack strength for break below 1.1476 Fibo support
The Euro is back to weakness in early US trading, after bears took a breather earlier today on bounce from session low (1.1481) ton 1.1527, where 10SMA capped upticks.
Near-term structure remains weak after the single currency fell sharply…
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