Tight range between 10 and 200SMA needs direction signal
WTI oil holds within tight range on Tuesday, extending choppy and directionless mode into third straight day.
Mixed fundamentals keep the price without clear direction, as expected impact on sanctions on Iran were offset by concerns about…
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Recovery extension cracks strong 20SMA barrier as Aussie receives fresh boost from weaker greenback
Reversal from 0.7202 (15 Aug low) extends into fourth straight day and probed through important barrier at 0.7357 (falling 20SMA / Fibo 61.8% of 0.7453/0.7202 bear-leg) but so far without clear break higher.
Further hesitation here could…
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Bears show strong hesitation at key 110.00/109.85 supports
The pair is consolidating after strong two-day fall which resulted in close below daily cloud.
Today's extension lower probed below key supports at 110.00/109.85 zone (double-Fibo / 100/200SMA's), but dip was so far short-lived, showing…
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Extended recovery faces strong headwinds from 20SMA / weekly cloud base
The Euro extends recovery rally into fourth straight day, supported by softer dollar and cracked very strong barriers at 1.1542/45 (falling 20SMA / weekly cloud base).
The single currency received additional boost from comments of…
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Renewed downside risk after strong recovery rejection
WTI oil price stands at the back foot at the beginning of the week, following fall after strong upside rejection on Friday, weighed by weak industrial data from China and concerns over emerging market economies, with focus on Turkey.…
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Extended recovery on eased tensions / strong demand, but overall picture remains bearish
Copper price hit new recovery high at $2.6810 on Monday, in extension of two-day rally from last week's low at $2.5510 (the lowest since June 2017.
Easing trade tensions between the US and China, as well as signs of stronger demand,…
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USDJPY – consolidation above daily cloud base
The pair holds in green on Monday and consolidating above daily cloud base which contained Friday's fall.
Cloud base lays at 110.45 and marks pivotal support, break of which would expose psychological 110 support, reinforced by Fibo 61.8%…
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GBPUSD – larger bears could be further delayed on break above falling 10SMA
Cable is consolidating within narrow range on Monday, following two-day recovery rally from last week's low at 1.2661 (the lowest since late June 2017).
Larger downtrend from 1.4376 (17 Apr peak) is taking a breather (signaled by last…
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EURUSD – recovery rally shows signs of stall; overall structure remains bearish
The Euro holds in red in early Monday's trading and pulled back from three-day recovery high at 1.1445.
Falling 10SMA caps recovery for now, keeping intact pivotal barrier at 1.1470 (Fibo 38.2% of 1.1745/1.1300) as bounce from last…
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Overall solid US jobs data / negative techs keep bears in play but consolidation may precede bearish…
The Euro showed mild reaction on weaker than expected US NFP data (July 157K vs 193K f/c and upward-revised June figure from 213K to 248K).
The pair ranged between 1.1560 (new five-week low) and 1.1610 as markets were digesting results of…
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