Break below daily cloud base risks deeper pullback
The Euro stands in red during mid-European and early US trading and extends pullback through initial support at 1.1656 (base of thin daily cloud).Thursday's close in red created bearish outside day pattern, generating initial negative…
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Lira’s bears take a breather; Inflation report in focus for fresh signals
Turkish lira rose on Friday, taking a breather of four-day fall which hit the lowest since 13 Aug record low, on spike to 6.8379 on Thursday.
Fresh support to lira came from decision to lower withhold taxes on lira's deposits and increase…
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Bears look for extension towards key support at 0.7202
The Australian dollar extends weakness on Friday, holding firmly in red for the fourth consecutive day and on track for strong bearish weekly close.
Extension of Thursday's strong bearish acceleration was partially limited by better than…
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Fresh bears look for extension below daily cloud base
The pair remains under increased pressure on Friday, with extension of previous day's strong fall (down 0.64% in the biggest one-day fall since 20 July), which formed bearish outside day and generated initial negative signal.
Repeated…
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Weekly close above 1.30 would signal further upside
Cable remains firm and holding above 1.30 on Friday but lacks strength for attack at pivotal barrier at 1.3052 (falling 55SMA).
Momentum remains strong but starts moving sideways, with overbought slow stochastic, generating initial signal…
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Extended consolidation is seen as likely scenario before bulls resume
The Euro holds in a narrow range and within narrowing daily cloud in early Friday's trading, maintaining bullish bias despite Thursday's close in red.
Overall bulls are showing signs of fatigue as slow stochastic reversed from overbought…
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Bulls eye levels above $70, helped by fears over Iran / lower crude stocks
WTI oil price consolidates within narrow range above thin daily cloud on Thursday, after strong rally previous day, which eventually broke and closed above pivotal barriers at $68.60/92 zone (Fibo 38.2% of $75.34/$64.43 descend;…
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Downbeat data increased pressure but bears lack momentum for extension
The Australian dollar holds in red for the third straight day and pressures Wednesday's low at 0.7275, where initial dip was strongly rejected.
Series of weaker than expected Australian data, released overnight, keep the Aussie under…
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Strong bullish sentiment supportive for further advance; consolidation may precede fresh rally
Cable is consolidating above psychological 1.30 barrier on Thursday, following previous day's 1.1% rally, the biggest one-day gains, after the EU offered Britain post-Brexit partnership.
The pound advanced on easing concerns about hard…
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Probe above cloud top opens key barriers at 1.1750
The Euro maintains positive tone and probes through daily cloud top on Thursday, in extension of larger recovery rally.
Fresh strength emerged after Wednesday's corrective dip was contained by daily cloud base, keeping bullish bias intact.…
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