USDTRY hit new record high just under psychological 4.30 barrier; extended wave C could travel…
The USDTRY continues to trend higher and posted new all-time high at 4.2997, just ticks below psychological 4.30 barrier, which is currently under strong pressure.
Having in mind that previous round-figure barriers were taken out quickly…
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COPPER accelerates lower and breaks below thick daily cloud
Copper price accelerated lower on Tuesday, holding in red for the third straight day and emerged below daily cloud, in which the price was stuck in few previous sessions.
Fresh weakness extended to one-week low at $3.0330 and cracked…
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SPOT GOLD eases after recovery stall, risks retest of 200SMA
Gold holds in red on Tuesday as dollar strengthened and eases back to $1308, retracing Fibo 61.8% of $1301/$1918 recovery leg.
Negative near-term bias is establishing after Monday's long-legged Doji signaled strong indecision and recovery…
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WTI OIL eases from new highs awaiting US President Trump’s decision on Iran
WTI oil stands at the back foot and returns below $70 handle in early trading on Tuesday, following quick pullback from Monday's new 3 ½ year high at $70.81.
Traders are cautious ahead of announcement of US President Trump whether the US…
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USDJPY holds in extended directionless mode between 10 and 100SMA
The pair holds in choppy sideways mode for the third straight day, with the downside being contained by double Fibo supports at 108.83/76 (38.2% of 106.88/110.03 and 23.6% of 104.63/110.03 rally), reinforced by 100SMA, while 10SMA caps…
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GBPUSD – initial signs of basing near 200SMA need confirmation to neutralize persisting…
Cable is holding around cracked 200SMA (1.3539) in early Tuesday's trading, after steep fall from 1.4376 (17 Apr post-Brexit recovery peak) found footstep at this zone.
The pair generated initial positive signals on repeated close above…
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EURUSD – close below key Fibo support on Monday reinforces bearish bias
The Euro holds in red in early European trading after brief recovery attempts were capped by broken Fibo support (61.8% of 1.1553/1.2555 ascend).
Monday's close below here was bearish signal, along with probes through round-figure 1.19…
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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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