USDTRY – lira remains firm but faces strong headwinds from 10SMA obstacle
The USDTRY consolidates after strong fall on Monday, which accelerated on double recovery rejection at 4.80 zone last week.
The Turkish lira strengthened further, following initial rally on CBRT's rate hike last week, with positive…
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EURUSD – bears are taking a breather after surging to new 10-month low at 1.1509
The Euro broke easily through 1.1553 support (07 Nov trough) and spiked to new ten-month low at 1.1509 on strong bearish acceleration from European session high at 1.1639.
Bearish sentiment is fueled by political uncertainty in Italy and…
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SPOT GOLD – bulls struggle at key 200SMA barrier
Spot Gold lost traction on Tuesday in renewed attempt to retest last Friday's recovery high at $1307, following corrective $1307/$1295 pullback, contained by reversing 10SMA.
Demand for safe-haven gold eased after US President Trump…
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WTI OIL consolidates above rising daily cloud but outlook remains bearish on fears of output…
WTI oil remains in red on Tuesday and holding above six-week low at $65.76, posted last Friday, in extension of Thursday's strong fall which marked the biggest one-day loss in one year.
Top of rising daily cloud contained fall from $72.89…
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USDJPY – fresh bearish acceleration cracks Fibo support at 108.81 and signals further weakness
The pair cracks pivotal support at 108.81 (Fibo 38.2% of 104.63/111.39 ascend) on Tuesday and looks for strong bearish signal on break, which would open way for extension of pullback from 111.39 (21 May peak).
Fresh extension lower also…
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GBPUSD at new six-month low; bears look for test of weekly cloud top
Cable hit new six-month low on Tuesday, signaling continuation of larger downtrend after brief consolidation on Monday which was shaped in tight daily Doji.
Weakening Euro weighs on pound which eyes target at 1.3207 (weekly cloud top).…
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EURUSD probes below 1.16 handle as political turmoil in Italy continues to weigh
The Euro accelerated lower at the beginning of the European session on Tuesday, after holding within tight consolidation in Asia and hit new nearly seven-month low just under 1.16 mark.
The single currency maintain firm bearish tone and…
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AUDUSD – strong signals of recovery stall on weekly close below falling 30SMA
The Aussie dollar erased all gains from the morning (peaked at 0.7590) on fresh acceleration lower in early hours of the US session.Upside attempts stalled again, signaling another failure to clearly break falling 30SMA (0.7569) and the…
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USDTRY – rate hike provided temporary relief but short-term future could be turbulent
The USDTRY bounced from post-CBRT low at 4.5119 but upside attempts were repeatedly capped at 4.80 zone signaling that the rate hike two days ago managed to reduce the pace of lira's fall which approached psychological 5.00 barrier, hours…
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XAUUSD – 200SMA remains key for recovery
Spot Gold holds within narrow consolidation below new recovery high at $1306 on Friday and maintains firm tone following previous day's nearly 1% rally.The yellow metal rose on fresh safe-haven demand on uncertainty over US - North Korea…
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