USDJPY bounces after repeated failure below 10SMA; recovery eyes break above 30SMA for extension
The pair regains traction and returns above 106 handle in early European trading on Tuesday, after being under pressure in Asia, for extension of bear-leg of past three days from 107.01.
Overnight’s dip was contained just above Monday’s…
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GBPUSD extends recovery from 1.4010 higher base; eyes UK Manufacturing data for fresh signal
Cable extends recovery on Tuesday and pressures pivotal barrier at 1.4099 (10SMA / Fibo 38.2% of 1.4243/1.4010 bear-leg), looking for stronger bullish signal on break.
Near-term bulls are regaining traction after pullback from 1.4243…
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EURUSD – fresh attempts higher face strong barrier at 1.2345, four-day congestion top
The Euro moved higher in early European trading after quiet trading in Asia on Tuesday.
Downbeat German retail sales data showed no impact, with focus turning towards Manufacturing PMI data from EU members.
Fresh attempts higher struggle…
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SPOT GOLD – Doji reversal pattern is forming on daily chart
Recovery picks up pace on Monday and cracked pivotal barrier at $1338 (Fibo 38.2% of $1356/$1321 bear-leg).
Fresh bullish acceleration completes Doji reversal pattern on daily chart which signals further recovery.
Softer dollar underpins…
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WTI OIL extended recovery pressures pivotal Fibo barrier at $65.45
WTI oil maintains positive tone on Monday and extends recovery from last week's correction low at $63.71.
Oil price regained momentum after pullback from $66.53 peak stalled on attempts through important Fibo support at $64.08 and…
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AUDUSD – bearish bias will remain intact while 10 SMA caps recovery attempts
Sideways mode dominates on Monday as Asian / early European action is shaped in tight Doji, due to Easter Monday's thinned conditions.
Recovery attempts off last week's low at 0.7642 (weekly cloud base) remain capped by falling 10SMA…
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USDJPY – recovery attempts struggle at 30SMA barrier
The pair ticks higher on Monday after two-day pullback from 107.01 top found footstep at 106.10 (20SMA / Fibo 38.2% of 104.63/107.01 upleg).
Monday's range remains tight as recovery attempts were so far unable to clearly break above 30SMA…
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GBPUSD – daily cloud top continues to underpin, but recovery needs to clear 10SMA for stronger…
Cable moves higher on Monday after the third straight rejection at 1.4010 (daily cloud top) and attempts to generate fresh bullish signal on probe above Friday's high at 1.4060 (also Fibo 23.6% of 4.4243/1.4010 bear-leg).
Thick daily cloud…
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EUR/USD trades in quiet holiday mode; looks for fresh direction signals
The Euro holds in tight range in holiday-thinned market on Monday, remaining capped by sideways-moving 10SMA at 1.2330 (also Fibo 23.6% of 1.2476/1.2283 bear-leg).
The pair ended last week in red Doji with long upper shadow, signaling…
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AUDUSD – recovery needs firm break above 10SMA to delay renewed attack at weekly cloud base…
The pair extends recovery from Thursday's fresh multi-month low at 0.7642, where weekly cloud base provided footstep for broader downtrend.
Recovery extension cracked initial barrier at 0.7701 (10SMA), break of which would generate bullish…
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