AUDUSD – double Doji signals recovery stall; falling daily cloud continues to weigh
The Aussie dollar remains directionless and trading within narrowing range capped under 200SMA.
Doji candles on Tue / Wed signal strong indecision, after recovery rally from 0.7500 stalled under key barriers.
Increasing signs of reversal…
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USDJPY extends above daily cloud after unchanged BoJ
The pair remains bid and extends rally after BoJ left policy unchanged and signaled no plans for raising rates soon.
BoJ said strong economy is not enough as inflation remains well below target.
Fresh advance on Thursday broke above daily…
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GBPUSD – negative near-term bias after rejection above 1.3400
Cable stands at the back foot on Thursday following previous day's strong upside rejection above 1.3400 handle.
Today's action was capped by falling 10SMA and fresh easing pressures strong supports at 1.3334 (daily cloud top / rising…
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EURUSD may correct deeper after strong rejection at 1.1900
The Euro maintains firm tone on Thursday and consolidating under fresh high at 1.1900.
Wednesday's close marginally above 1.1867 (Fibo 61.8% of 1.1961/1.1717) was bullish signal, despite strong upside rejection which left bullish daily…
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EURUSD surges on weaker dollar; eyes key barriers at 1.1961/1.2000
The Euro accelerated higher in the American session and broke above 1.1867 Fibo barrier, as extension above daily cloud turns focus towards key near-term barriers at 1.1961 (27 Nov high) and psychological 1.2000 resistance.
Fresh strength…
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SPOT GOLD extends recovery but risk of recovery rally stall exists
Spot Gold remains supported and extends recovery on Wednesday, heading towards strong resistance at $1267 (200SMA / 50% retracement of $1299/$1236 descend).
The yellow metal moved higher after Tuesday's action ended in Doji candle as the…
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WTI OIL remains supported; EIA data expected to boost the price further on fresh crude stocks draw
Oil price remains supported on Wednesday and ticked higher to probe above Fibo barrier at $57.79 (61.8% of $59.02/$55.81 downleg), which repeatedly capped upside attempts in previous sessions.
API crude stocks report, released on Tuesday,…
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AUDUSD – falling daily cloud continues to weigh
The Aussie dollar ticked higher on Wednesday but remains within extended congestion, capped by 200SMA (0.7692).
Falling daily cloud continues to weigh (cloud base lies at 0.7690) and risk of reversal will remain in play while recovery…
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USDJPY – fresh bullish extension probes above 113.00
The pair extends recovery above 113.00 on Wednesday, following eventual break above three-day consolidation range top which signaled extension of recovery leg from 112.02 (15 Dec low).
Today's fresh extension higher probed above 113.09…
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GBPUSD – repeated failures at 1.3395 Fibo barrier would keep the downside at risk
Cable is holding within narrow range in early Wednesday's trading but upside remains limited at 1.3400 (Tue / today's session highs), as near-term bulls repeatedly failed to close above cracked 1.3395 pivot (Fibo 38.2% of 1.3549/1.3301…
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