AUDUSD remains at the back foot after upbeat Chinese data partially offset impact from negative…
The pair remains in red for the second straight day on Tuesday, following recovery rejection at 0.7560 last Friday.
Aussie was down in Asia on weaker than expected Australian retail sales data but managed to recover a part of losses after…
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EURGBP – on track to complete reversal pattern
The cross accelerated lower on Monday and penetrated daily cloud (0.8817/0.8775), on trach to complete reversal pattern on daily chart after Friday’s action ended in Hanging Man.
Fresh weakness eyes key support zone between 0.8785 and…
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EURUSD cracks 1.19 support in fresh extension lower, helped by downbeat German / EU data
The Euro dented round-figure support at 1.19 in extension of fresh weakness which commenced in late Asian session and accelerated after downbeat German / EU data.
German factory orders fell 0.9% in Mar vs forecasted rise of 0.5%, while…
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USDTRY could extend rally above 4.30 as lira holds in very negative environment
The USDTRY regained traction and heads higher on Monday, after the pair quickly pulled back from new historical high at 4.2897.
Friday’s close in bullish candle with long upper shadow, which signaled strong upside rejection, did not impact…
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NZDUSD – rising downside pressure after 10SMA capped recovery
The Kiwi dollar remains at the back foot on Monday and extends weakness from last Friday’s high at 0.7052, where recovery attempt was capped 10SMA in steep descend.
Brief recovery off 0.6985 base (the lowest in 4 ½ months) where steep…
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SPOT GOLD – recovery attempts face strong headwinds
Gold price ticked higher on Monday and probed above falling 10SMA to peak at $1318, but gains proved to be short-lived for now.
The yellow metal is attempting to sustain recovery off $1300 zone, where 200SMA contained larger descend from…
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WTI OIL surges through psychological $70 barrier on concerns about US / Iran nuclear agreement
WTI oil held strong bullish mode at the beginning of the week and surged through psychological $70 barrier, hitting new 3 ½ year high at $70.67 on Monday.
The oil extends steep rally off $66.84 trough in the fourth straight day and…
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USDCHF establishes above parity and pressure strong barrier at 1.0037; caution on strongly…
The pair extends larger rally on Monday and pressures key short-term resistance at 1.0037 (01 Nov peak) after generating bullish signal on weekly close above parity level.
Full reversal of 1.0037/0.9187 fall would open way for further…
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AUDUSD – near-term risk shifts lower as recovery was capped by 10SMA
The Aussie dollar moved lower after receiving minor support from solid Australian business confidence data in Asia, as upside attempts were capped by falling 10SMA (0.7538).
This increases risk of three-day recovery stall, as Friday’s…
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USDJPY – break above 10SMA needed to generate bullish signal and sideline existing downside risk
The pair bounced back above 109 handle in early European trading on Monday and tests again pivotal barrier at 109.30 (10SMA), following repeated downside rejection at strong 108.70 zone (Fibo 38.2% of 104.63/110.03, reinforced by…
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