USDJPY – loss of 200SMA was bearish signal; daily cloud twist could attract further weakness
The dollar holds in red against yen for the second consecutive day and extended pullback on Thursday to new 1 ½ week low at 109.33.
The greenback came under pressure after markets saw minutes of Fed's last meeting as more dovish than…
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AUDUSD – Bullish signal on completion of inverse H&S pattern
The Aussie dollar advanced further on Tuesday as strong bullish signal was generated on Monday's rally and close above pivotal 0.7565 barrier (former double-top / Fibo 38.2% of 0.7812/0.7412 fall) and completion of inverse H&S pattern…
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USDJPY consolidates below new 4-mth high; bullish bias above 200SMA
The pair holds within narrow consolidation on Tuesday after spiking to new four-month high at 111.39 on Monday.
Overall bullish structure is reinforced by formation of 10/200SMA golden cross, however, the pair may hold in extended…
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GBPUSD – BoE speakers and inflation report eyed for fresh signals
Cable retests former key support at 1.3451 on acceleration higher in early Europe, after eventual break and close below two-week range on Monday.
Fresh bears were boosted by fears of snap election in autumn and hit new five-month low at…
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EURUSD – limited recovery maintains bearish bias after strong rejection at key 1.1709 support
The Euro moves lower in early European trading on Tuesday after strong offers at 1.18 zone repeatedly limited upside attempts.
Monday's trading ended in Hammer candle, following strong rejection on first attempt at key 1.1709 support (Fibo…
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USDCHF fresh attempts above parity ease downside risk but close above needed for firmer bullish…
The pair probes again above parity level on Monday, following shallow 1.0056/0.9950 correction last Thu/Fri.
Fresh strength offsets negative signal on completion of Doji reversal pattern on daily chart after Friday’s close in red.
Fresh…
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Turkish lira hit new historical low and may fall further if CBRT doesn’t hike
The USDTRY hit new record high at 4.5643 in early trading on Monday, extending steep upleg from 3.7153 (2018 low), as the pair advanced nearly 19% since the beginning of the year.
Another easy break through psychological barrier…
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COPPER rallies on easing concerns about US/China trade war but gains were limited so far
Copper rose on Monday on easing concerns about US / China trade war, but recovery was so far limited by strengthening US dollar.
Fresh rally today pared losses of last Friday when copper dipped to $3.0545 and briefly probed below daily…
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WTI OIL rises as positive sentiment on US / China deal and geopolitical risks underpin
WTI oil moved higher on Monday and hit session high at $71.86, boosted by improved global sentiment after US and China put looming trade war on hold.
Oil price remains supported by geopolitical risk, as implementation of the US sanctions…
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AUDUSD – close above 20SMA would generate bullish signal for extension towards key barrier at 0.7565
The Aussie dollar moved higher in Asian trading on Monday, benefiting from US – China trade news, but was unable to clearly break above falling 20SMA (0.7520) so far.
Stronger action could be anticipated after trading in past two…
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