Nikkei 225 – extended bears eye Fibo support at 21762
Nikkei is sharply lower on Wednesday, extending pullback from new multi-year high at 23420 into fifth straight day.
Bearish acceleration through strong support at 22035 (daily Kijun-sen) and psychological 22000 support pressures next…
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WTI OIL remains under pressure and could extend weakness on crude inventories surprise build
WTI oil is consolidating ion Wednesday after sharp over 3% fall the previous day. Oil price was under pressure on Tuesday on strong reversal signals and accelerated strongly lower after release of API weekly oil data showed unexpected and…
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SPOT GOLD advances on weaker dollar; US data in focus for fresh signals
Spot Gold extended advance of past two days and cracked strong resistance provided by daily Kijun-sen line at $1284.
Fresh weakness of the US dollar keeps gold price inflated for further advance. Bulls focus barriers at $1288/90 (09 Nov…
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USDJPY in strong bearish acceleration ahead of US data
Strong bearish acceleration on Wednesday eventually broke below daily Kijun-sen (113.19) which kept the downside protected in past one week and extended weakness through next significant support at 112.95 (31 Oct trough).
Fresh bears also…
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Cable – bulls pressure daily cloud base; UK earnings data in focus
Cable is steady in early Wednesday’s trading and tested Tuesday’s high at 1.3186, where daily Kijun-sen capped the rally. Firm near-term tone following Tuesday’s rally signals further upside and test of daily cloud base (1.3214) which…
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EURUSD – extension of strong rally penetrates daily cloud
The Euro holds firm tone on Wednesday following previous day’s strong rally when the single currency rallied 1.13%, boosted by upbeat German economic data and solid EU figures.
Fresh bullish extension in early European trading on Wednesday…
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WTI OIL – fresh bearish acceleration probes below 10SMA
WTI oil was sharply lower in early US session as strong fall US stock indexes after Wall St opening inflated the dollar.
Fresh weakness probes through pivotal rising 10SMA support ($56.23), generating another bearish signal for reversal…
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The Euro is consolidating under fresh three-week high at 1.1764
The Euro was up 0.75% on Tuesday on strong bullish acceleration after solid EU data.
The rally peaked at 1.1764, the highest since 26 Oct, denting Fibo 61.8% pivot at 1.1755 and shifting focus towards 55SMA (1.1796) and daily cloud base…
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WTI OIL – break below rising 10SMA is needed to generate stronger reversal signal
WTI oil remains in red on Tuesday with reversal signal developing on daily chart but downside attempts are still limited and holding above rising 10SMA which marks the first pivot at $56.27.
Near-term price action shows no clear direction…
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EURGBP – fresh bulls penetrate into daily cloud; 0.9000+ advance likely n/t scenario
The cross advances through key barrier at 0.8938 (02 Nov post-BoE rally peak) to fully retrace 0.8938/0.8791 downleg and signal extension of recovery leg from 0.8791 trough.
Today's bullish acceleration penetrated into thick daily cloud…
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