USDJPY – bulls extend and crack 108.25/49 Fibo resistance zone
Bulls accelerated through psychological 108 barrier and cracked target at 108.25 (Fibo 61.8% of 110.48/104.63 bear-leg), the lower boundary of Fibo resistances zone between 108.25 and 108.49 (Fibo 38.2% of 114.73/104.63 fall).
Break and…
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WTI OIL may extend consolidation before larger bulls resume
WTI oil stands at the back foot on Monday, following two-day pullback from new over three-year high at $69.54, but holds for now above Friday's spike low at $67.48.Easing from new high is seen as consolidative/corrective action on…
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AUDUSD – extended bears crack strong support zone between 0.7650 and 0.7626
The Aussie dollar remains under pressure on Monday and cracks 0.7640/50 base, which marks the upper boundary of key support zone, consisting of Fibo 38.2% of 0.6825/0.8135 recovery (0.7635) and longer-term bull-trendline, drawn of Jan 2016…
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EURUSD – extended bears pressure daily cloud base
The Euro maintains negative tone on Monday, pressured by strong fall last Thu/Fri, which retraced over 76.4% of 1.2215/1.2413 upleg.Fall on Friday spiked to 1.2249, but failed to close below pivotal support at 1.2290 (Fibo 61.8% of…
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GBPUSD – bears cracked psychological 1.40 support and signal further weakness
Cable maintains negative tone at the beginning of the week and cracked psychological 1.40 support, in extension of steep four-day fall from last week's peak at 1.4376.
Weak releases of key UK data last week and dovish comments from BoE's…
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USDJPY hits two-month high on reduced safe-haven demand; bulls pressure pivotal 108.25 Fibo barrier
The pair hit new two-month high at 107.90 on Monday in extension of three-day rally from 106.88 trough, as easing concerns over global political risks significantly reduced safe-haven-demand and kept yen under pressure.
Trading on Monday…
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USDCAD extends recovery after weak Canadian data
The pair extends recovery into third straight day on Friday and broke through 100SMA (1.2678) as loonie was hit by weak Canadian data (CPI 0.3% Mar vs 0.4% f/c and 0.6% Feb / core retail sales 0.0% Feb vs 0.3% f/c and 1.0% Jan).
Recovery…
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EURUSD – Bears could extend to daily cloud base on acceleration through 1.2290 Fibo support
The Euro extended weakness on Friday and tested support zone at 1.2299/90, driven by stronger dollar and hedging for option expiries.
The pair holds just above new daily low at the beginning of the US session, with strengthening negative…
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SPOT GOLD – bearish near-term bias keeps risk of further easing
Gold price holds in red on Friday as dollar firms and extends pullback after strong double upside rejection at $1355 zone on Wed/Thu.
Fresh extension lower on Friday broke below 10SMA ($1343 also near 50% of $1319/$1365 upleg) and cracked…
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WTI OIL consolidates under new high; bulls remain intact and look for $70+ extension; OPEC meeting…
WTI oil holds within narrow consolidation on Friday, near new over three-year high at $69.54, posted on Thursday.
Bulls showed hesitation on approach to psychological $70 barrier and eased to $67.90 on overbought conditions.
Daily studies…
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