GBPUSD rises on upbeat UK retail sales; falling 10SMA remains key n/t barrier
Cable broke above 1.34 handle in extension of recovery from new five-month low at 1.3305, boosted by upbeat UK retail sales (Apr sales rose 1.6% m/m, vs 0.8% f/c and downward revised March figure to 1.1%).
Strong UK data and weaker dollar…
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AUDUSD – bullish bias remains in play but break above 30SMA needed to confirm
The Aussie dollar holds in narrow range, consolidating after strong dip on Wednesday on renewed concerns about US tariffs.Strong downside rejection on Wednesday (20SMA contained spike to 0.7522) keeps alive hopes for fresh upside, as…
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GBPUSD consolidates above new multi-month low; UK retail sales eyed for fresh signals
Cable trades within narrow consolidation on Thursday, holding above Wednesday's new low at 1.3305 (the lowest since mid-Dec), awaiting release of UK retail sales for fresh signal.
Pullback from 1.4376 peak could extend further as strong…
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EURUSD – falling 10SMA should cap current consolidation
The Euro moved higher on Thursday in modest recovery from new low at 1.1675 (the lowest since 14 Nov 2017) after bears tested strong support at 1.1675 (top of thick daily cloud).
Overall structure remains bearish, with concerns about…
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USDJPY – loss of 200SMA was bearish signal; daily cloud twist could attract further weakness
The dollar holds in red against yen for the second consecutive day and extended pullback on Thursday to new 1 ½ week low at 109.33.
The greenback came under pressure after markets saw minutes of Fed's last meeting as more dovish than…
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AUDUSD – Bullish signal on completion of inverse H&S pattern
The Aussie dollar advanced further on Tuesday as strong bullish signal was generated on Monday's rally and close above pivotal 0.7565 barrier (former double-top / Fibo 38.2% of 0.7812/0.7412 fall) and completion of inverse H&S pattern…
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USDJPY consolidates below new 4-mth high; bullish bias above 200SMA
The pair holds within narrow consolidation on Tuesday after spiking to new four-month high at 111.39 on Monday.
Overall bullish structure is reinforced by formation of 10/200SMA golden cross, however, the pair may hold in extended…
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GBPUSD – BoE speakers and inflation report eyed for fresh signals
Cable retests former key support at 1.3451 on acceleration higher in early Europe, after eventual break and close below two-week range on Monday.
Fresh bears were boosted by fears of snap election in autumn and hit new five-month low at…
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EURUSD – limited recovery maintains bearish bias after strong rejection at key 1.1709 support
The Euro moves lower in early European trading on Tuesday after strong offers at 1.18 zone repeatedly limited upside attempts.
Monday's trading ended in Hammer candle, following strong rejection on first attempt at key 1.1709 support (Fibo…
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USDCHF fresh attempts above parity ease downside risk but close above needed for firmer bullish…
The pair probes again above parity level on Monday, following shallow 1.0056/0.9950 correction last Thu/Fri.
Fresh strength offsets negative signal on completion of Doji reversal pattern on daily chart after Friday’s close in red.
Fresh…
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