EURUSD – bears pressure key supports at 1.2172/53
The Euro extends steep three-day fall on Tuesday and broke below rising 100SMA (1.2206) which was cracked on Monday's strong bearish acceleration when the pair was down 0.5%.
The single currency was down around 1.5% on fall from 1.2413…
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GBPUSD looks to extend steep descend through daily cloud top, but limited corrective upticks not…
Cable holds in red for the sixth straight day and attempts to extend steep descend from last week's peak at 1.4376 (the highest level after Brexit vote).
Strong bearish signal was generated on Monday's break and close below pivotal support…
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USDCAD – extended recovery pressures daily cloud top
The pair remains firmly in green for the fourth straight day and hit new recovery high at 1.2840 (the highest since 04 Apr).
Fresh extension higher on Monday marked over 50% retracement of 1.3124/1.2527 bear-leg) and pressures key barrier…
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SPOT GOLD extends sharp fall on Monday and pressures strong supports at $1319/18
Strong bearish acceleration on Monday extends steep fall of last Thu/Fri, marking so far near 1% loss for the day.Fresh bears broke through thin daily cloud and pressure strong supports at $1319/18 (06 Apr low / rising 100SMA).Stronger…
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Turkish lira stands at the back foot ahead of CBRT policy meeting
The pair extends recovery from 4.0040 higher base (low of correction from new record high at 4.1932) into third straight day, signaling that bulls are regaining traction after pullback.
Lira remains weak and correction was positioning for…
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GBPUSD – extension through 1.40/1.3965 supports is strong bearish signal
Cable remains in steep descend which extended into fifth straight day and broke below key supports at 1.4000/1.3965 (psychological support / Fibo 61.8% of 1.3711/1.4376 / 05 Apr trough) on fresh bearish acceleration on Monday.
Sterling…
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USDJPY – bulls extend and crack 108.25/49 Fibo resistance zone
Bulls accelerated through psychological 108 barrier and cracked target at 108.25 (Fibo 61.8% of 110.48/104.63 bear-leg), the lower boundary of Fibo resistances zone between 108.25 and 108.49 (Fibo 38.2% of 114.73/104.63 fall).
Break and…
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WTI OIL may extend consolidation before larger bulls resume
WTI oil stands at the back foot on Monday, following two-day pullback from new over three-year high at $69.54, but holds for now above Friday's spike low at $67.48.Easing from new high is seen as consolidative/corrective action on…
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AUDUSD – extended bears crack strong support zone between 0.7650 and 0.7626
The Aussie dollar remains under pressure on Monday and cracks 0.7640/50 base, which marks the upper boundary of key support zone, consisting of Fibo 38.2% of 0.6825/0.8135 recovery (0.7635) and longer-term bull-trendline, drawn of Jan 2016…
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EURUSD – extended bears pressure daily cloud base
The Euro maintains negative tone on Monday, pressured by strong fall last Thu/Fri, which retraced over 76.4% of 1.2215/1.2413 upleg.Fall on Friday spiked to 1.2249, but failed to close below pivotal support at 1.2290 (Fibo 61.8% of…
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