USDCAD – triple Doji signals strong indecision but bias remains negative
The pair remains in directionless mode on Thursday and forming the third straight Doji. Strong indecision signal was generated after Wednesday’s action ended in Doji candle with very long legs.
Overall structure is bearish and keeps focus…
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AUDUSD – solid Australian / China data boosted Aussie but without break above 0.8000 so far
The Aussie dollar regained traction and bounced from session low at 0.7941, regaining levels near cracked 0.8000 barrier, following Wednesday’s strong rejection at 0.8022 on first attempt above 0.8000 pivot.
Better than expected Australian…
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USDJPY – strong signals for extended recovery but plenty of barriers en-route
Strong recovery rally on Wednesday left long bullish daily candle and formed bullish outside day, generating positive signal and sidelining immediate downside risk.
Brief extension higher today, cracked important barrier at 111.41 (Fibo…
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GBPUSD – choppy trading after Wed’s strong upside rejection; bulls keep 1.4000 barrier in focus
Cable maintains firm tone on Thursday despite strong upside rejection after spike to 1.3942 high (the highest since Brexit vote) previous day.
Choppy trading was caused by increased volatility on political uncertainty over Brexit divorce…
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EURUSD – deeper pullback or reversal?
The Euro posted new low at 1.2165 in early Thursday’s trading, but bounced back to 1.2200 zone, sidelining immediate downside risk.
Wednesday’s strong rejection above 1.2300 mark left big bearish daily candle with long upper shadow,…
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COPPER extends weakness; pressures strong Fibo support at $3.1758
Copper remains in red for the second day and extends weakness, as the greenback regains traction.
Tuesday's bearish outside day was negative signal which resulted in fresh easing today.
Brief recovery attempts in early European trading were…
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SPOT GOLD eases on stronger dollar; limited downside expected
Spot Gold stands at the back foot on Wednesday and keeps near-term focus at Tuesday's spike low at $1331, after upside attempts in Asian session were rejected just under new four-month high at $1344.
Near-term bias is turning in negative…
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WTI OIL – correction to precede fresh upside
WTI oil stays in red on Wednesday after previous day's negative close which generated reversal signal.
Fresh weakness pressures solid support at $63.25, provided by rising 10SMA, with break here needed to generate fresh bearish signal.…
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AUDUSD – psychological 0.80 barrier is under strong pressure but no clear break so far
The Aussie dollar hit new high at 0.7998 on Tuesday (the highest since 21 Sep) but failed crack psychological 0.8000 barrier.
Subsequent pullback signals hesitation, as Tuesday's action ended in Doji candle.
Daily RSI and slow stochastic…
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USDJPY – bears are taking a breather ahead of strong 110.15/00 supports
Bears faced strong headwinds from key supports at 110.15/00 (Fibo 61.8% of 107.31/114.73 rally / psychological support) and risk consolidation, possibly extended upticks in the near term.
Oversold daily studies support scenario, with…
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