AUDUSD – consolidation under 55SMA is expected before bulls resume
The Australian dollar holds in narrow consolidation under new two-week recovery high at 0.7884, posted after rally of past two days.
The action was capped by 55SMA / Fibo 61.8% of 0.7988/0.7712 descend, with signals that bulls may take a…
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USDJPY – firm break above 107 to generate bullish signal
The pair is up on Tuesday, lifted by higher Nikkei and pressuring again 107 resistance zone, which capped upside attempts in past two days.
Sustained break above 107 (top of congestion that extends into third day) would generate fresh…
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GBPUSD – 20 SMA continues to cap and keep n/t risk skewed lower
Cable ticked lower in early European trading after holding with narrow range in Asia and remains capped by 20SMA (1.3910) for the fifth straight day.
Bear-trendline off 1.4345 high lies just above (1.3934) and produces additional pressure.…
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EURUSD holds in tight range and looks for fresh direction signal
The Euro traded within tight range in Asia on Tuesday with the downside being held by rising 10SMA / top of thick daily cloud (1.2320) and the upside remaining capped for the third straight day by 20SMA (1.2340).
Near-term action shows no…
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COPPER – recovery rally shows signs of losing traction on probes into thick daily cloud
Copper bounced from day's low at $3.1085 in early American session after being hit by fresh strength of dollar which pulled the price lower in early Monday's trading.Strong rally on Friday generated positive signal on formation of bullish…
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Gold moves lower on Monday as dollar firms after being hit by US jobs data
Spot Gold moved lower in European trading on Monday after holding within narrow range in Asia, as dollar shows signs of regaining ground after being hit fading hopes of stronger US rate hikes pace in 2018 on mixed US jobs data.
Fresh…
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WTI – Friday’s bullish outside day was bullish signal but recovery may consolidate…
WTI oil eased after attempts to extend Friday's strong rally ran out of steam at $62.31 on Monday.
Bullish signal was generated on Friday's strong rally which formed bullish outside day on the biggest one-day rally since 14 Feb.
Daily…
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AUDUSD moves deeply in daily cloud and pressures pivotal Fibo barrier at 0.7882
The Australian dollar remains firm on Monday, driven by fresh weakness of the greenback after US jobs data disappointed expectations for stronger pace of increasing US interest rates this year.
Extension of Friday's strong rally, after…
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USDJPY eases after failure to clear 20SMA / Fibo 61.8% pivots; 10SMA holds dips for now
The pair holds in red on Monday, as dollar weakened after Friday's mixed US jobs data which reduced hopes of stronger pace of US rate hikes in 2018.
Extension of recovery rally last Friday probed briefly above psychological 107 barrier but…
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GBPUSD stands at the front foot; eyes strong barriers provided by 20SMA / bear-trendline
Cable remains in green on Monday and attempts towards last Friday's high at 1.3888, which marks initial barrier ahead of more significant 1.3910 zone, where 20SMA repeatedly capped upside attempts last week.
Falling trendline which…
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