Bulls show hesitation at daily cloud base
The Euro moved lower at the beginning of the European session after hitting four-week high at 1.1653 in Asia, as the greenback opened lower on Monday after Fed chief Powell's speech on Friday was seen less hawkish than expected and…
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Fresh strength sidelines risk of pullback
WTI oil price continues to trend higher on Friday after bulls took a breather previous day, when the action was shaped in Hanging Man but negative impact was offset by fresh strength.
No significant results from US/China trade talks…
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Break above daily cloud top to spark further recovery
The pair maintains firm tone for the fourth straight day and pressures key barrier at 111.51 (daily cloud top) in extension of strong bullish acceleration on Thursday.
Daily MA's turned to bullish setup and momentum strengthened,…
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No clear direction while the price holds between 10 & 20SMA’s
Cable is taking a breather after strong fall on Thursday and consolidating above strong supports at 1.2789/81 (10SMA / bear-channel support line) which stayed intact, keeping risk of further weakness sidelined, despite formation of reversal…
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Bounce from key supports shifts focus higher
The Euro trades higher on Friday after previous day's fall was contained by 20SMA, sidelining risk of deeper pullback.
Rising bullish momentum on daily chart is supportive for further recovery and retest of key near-term barrier - falling…
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New PM election provides temporary relief, but overall bearish picture keeps the risk skewed lower
The Aussie dollar bounced on Friday, gaining 0.6% in Asia after election of new ruling party leader signaled an end of political crisis.
Fresh rally so far retraced nearly 38.2% of bear-leg from 0.7381 in past two days, as Thursday's fall…
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Bullish bias remains in play while 20SMA holds the downside
The Euro is slightly firmer at the beginning of the US session, as weaker than expected EU / German Manufacturing data showed mild impact and so far not reacting on better than expected US weekly jobless claims figures.
Near-term action…
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Fresh weakness could extend towards $11.80/75 on break below $1186 pivot
Spot Gold price tested support at $11.86 (Fibo 38.2% of $1160/$1201 rally) in extension of pullback from $1201 (22 Aug high).
Reversal pattern is forming on daily chart after recovery rally from $1160 (16 Aug low) failed at psychological…
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Fibo support at $66.70 to contain corrective dips and keep bulls in play
WTI oil price moved lower on Thursday, consolidating previous day’s over 3% rally, as rising concerns over US-China trade conflict offset positive impact of unexpectedly strong fall in crude stocks (EIA report on Wednesday showed…
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Bulls look for break above strong 111 resistance zone to resume
Recovery from 109.77 (21 Aug low) extends into third straight day, additionally boosted by hawkish Fed minutes and penetrates thick daily cloud (cloud base lays at 110.64).
Rally faces strong headwinds at 110.90/111.00 zone (converged…
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