AUDUSD – bearish bias will remain intact while 10 SMA caps recovery attempts
Sideways mode dominates on Monday as Asian / early European action is shaped in tight Doji, due to Easter Monday's thinned conditions.
Recovery attempts off last week's low at 0.7642 (weekly cloud base) remain capped by falling 10SMA…
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USDJPY – recovery attempts struggle at 30SMA barrier
The pair ticks higher on Monday after two-day pullback from 107.01 top found footstep at 106.10 (20SMA / Fibo 38.2% of 104.63/107.01 upleg).
Monday's range remains tight as recovery attempts were so far unable to clearly break above 30SMA…
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GBPUSD – daily cloud top continues to underpin, but recovery needs to clear 10SMA for stronger…
Cable moves higher on Monday after the third straight rejection at 1.4010 (daily cloud top) and attempts to generate fresh bullish signal on probe above Friday's high at 1.4060 (also Fibo 23.6% of 4.4243/1.4010 bear-leg).
Thick daily cloud…
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EUR/USD trades in quiet holiday mode; looks for fresh direction signals
The Euro holds in tight range in holiday-thinned market on Monday, remaining capped by sideways-moving 10SMA at 1.2330 (also Fibo 23.6% of 1.2476/1.2283 bear-leg).
The pair ended last week in red Doji with long upper shadow, signaling…
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AUDUSD – recovery needs firm break above 10SMA to delay renewed attack at weekly cloud base…
The pair extends recovery from Thursday's fresh multi-month low at 0.7642, where weekly cloud base provided footstep for broader downtrend.
Recovery extension cracked initial barrier at 0.7701 (10SMA), break of which would generate bullish…
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USDJPY – recovery action show initial signs of stall
The pair remains in red on Friday and extends pullback from Tuesday's rally peak at 107.01 below 30SMA (106.33), which contained weakness on Thursday.
Fresh bears pressure pivotal support at 106.10 (20SMA / Fibo 38.2% of 104.63/107.01…
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GBPUSD – daily cloud continues to underpin for stronger recovery
Cable bounces after repeated attack at top of thick daily cloud (1.4012) was rejected. Cloud continues to underpin, with support reinforced by rising 20SMA (1.3995), which could result in stronger recovery of three-day fall from 1.4244.…
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EURUSD – attempts to form Doji reversal pattern but plethora of MA’s limits recovery…
The Euro is slightly higher in early Friday's trading after yesterday' s Doji signaled that sharp fall of past two days might be running out of steam.
Brief recovery attempts (the pair was up around 30 pips from Asian low at 1.2290) so far…
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USDCAD – 20SMA continues to cap recovery despite strong US and downbeat Canadian data
The pair showed limited reaction on better than expected US weekly jobless claims (215K vs 230K f/c) and downbeat Canadian GDP data (m/m Jan GDP -0.1% vs 0.1% f/c and annualized -0.3% vs 2.9% f/c).
Extension of recovery rally from 1.2814…
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COPPER – recovery gains traction and tests key barriers
Copper moved higher on Thursday and probes above past-three days congestion, cracking pivotal barriers at 3.0239/82 (Fibo 38.2% of $3.1645/$2.9370 fall / falling 10SMA).
The metal received support from easing fears of trade war which kept…
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