Fresh bearish signal on penetration of daily cloud and extension below psychological 1.30 support
Sterling fell below psychological 1.30 support against the dollar in fresh bearish acceleration on Tuesday, signaling continuation of bear-leg from 1.3297 peak, after Friday's action ended in long-legged Doji candle with long upper shadow.…
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Bulls consolidate under new 11-month high; scope for further advance
The dollar eases from new nearly 11-month high at 114.06 on Tuesday, taking a breather after three weeks of strong rally, which resulted in break and close above pivotal barriers at 113.22/30 (weekly 200SMA / Fibo 61.8% of 118.66/104.63…
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Aussie extends weakness after unchanged RBA
The Aussie dollar fell below 0.72 handle after Australian central bank left interest rates unchanged at 1.5% in October meeting.
The action was widely expected, increasing expectations that rates will remain low for an extended period as…
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Break through key supports threatens on further weakness
The pair holds firmly in red for the fifth straight day and broke through strong supports at 1.1558/45 (50% of 1.1300/1.1815 rally / daily cloud top on fresh bearish acceleration in early Monday's trading.
The dollar strengthened across…
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Loonie advances after better than expected Canada GDP data
The USDCAD accelerated lower and broke below 1.30 support on Friday after data showed Canada's economy expanded more than expected (July GDP 0.2% vs 0.1% f/c and 0.0% in June), supporting expectations for BoC's rate hike next month.
Fresh…
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Bears extend despite positive German / EU data
The pair dips below 1.16 handle in extension of previous day's strong fall, after brief consolidation in early Friday's trading was capped by broken falling 10SMA (1.1651).
Fresh bears broke below 1.1594 (Fibo 76.4%) and pressure daily…
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Bears consolidate above 0.7200 pivot before continuing
The Aussie dollar was slightly higher on Friday after previous day's strong fall was contained at 0.7200 (20SMA / 50% of 0.7085/0.7314 upleg).
Consolidation is likely to precede fresh downside as Thursday's long bearish daily candle weighs…
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Bears face strong headwinds at key 1.3054 support but outlook remains negative
Bears attempted to extend Thursday’s strong fall and spiked to 1.3032 on Friday, but losses were so far short-lived, due to strong headwinds from key support at 1.3054 (daily cloud top / Fibo 38.2% of 1.2661/1.3297 ascend / 20SMA / 21 Sep…
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Threat of further weakness on weekly close below 30SMA
The Euro extended pullback from 1.1815 high through pivots at 1.1655/36 (rising 30SMA / Fibo 61.8% of 1.1526/1.1815 upleg) and cracked sideways-moving 55SMA (1.1617) which marks next key support.
The pair holds in red for the third…
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Extended consolidation to precede fresh upside; strong bullish signal on weekly close above $80
Brent oil edged higher in early Friday's trading, signaling that corrective pullback from new four-year high at $82.53, which found footstep at $80.51, might be over.
Fresh advance is offsetting impact from Thursday's long-legged Doji…
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