GBPJPY eases but still away from key daily cloud top support
The cross dipped on weaker than expected UK data, turning near-term focus lower after upside attempts were repeatedly capped by 10SMA.
Additional pressure comes from formation of 10/20SMA bear-cross which could result in fresh attack at…
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USDJPY – bulls pressure pivotal 114.00 resistance zone
The pair extends recovery from 113.22 higher base on Tuesday and probes through 10SMA barrier at 113.80.
Bounce from 113.09 correction low so far retraced 50% of 114.73/113.09 pullback and needs sustained break above 113.90/114.10 barriers…
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GBPUSD holds negative tone under daily cloud; UK data in focus
Cable is in directionless mode in early Tuesday’s trading but maintaining negative bias following Monday’s bearish close and awaiting UK data for fresh signals.
Rising 100SMA and Fibo 61.8% of 1.2773/1.3655 (1.3112/10) are marking immediate…
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EURUSD advances after strong German Q3 GDP; data from EU in focus
The Euro holds firm tone on Tuesday and rose to three-week high on bullish acceleration after upbeat German GDP data (Q3 GDP 0.8% vs 0.6% f/c / prev).
Bullish signals were generated on advance through 20SMA (1.1674) and broken neckline…
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GBPJPY retests key daily cloud top support as pound comes under renewed pressure
The cross probed again key supports at 148.17/22 (daily cloud top / asymmetric H&S neckline) on Monday after sterling came under pressure on concerns about Brexit negotiations and political strength of UK PM Theresa May.
Renewed bearish…
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USDCAD – reversal pattern is forming on daily chart
The pair bounced above 1.2700 handle on Monday and signaling reversal after pullback from 1.2916 peak found footstep at 1.2665 where daily Kijun-sen contained dip.
Morning Doji star is forming on daily chart as recovery rally surged through…
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EURUSD – near-term bias turns higher after correction
The Euro regained traction and bounced from session low at 1.1637 to regain levels near Friday’s peak at 1.1677.
Weaker dollar helps to maintain momentum from last week’s rally for attack at next barriers at 1.1685 (20SMA) and 1.1690 (03…
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Spot Gold trims losses on Monday; eyes US data scheduled this week
Spot Gold bounced on Monday after strong fall on Friday, rallying from dangerous territory at $1273 (Friday’s low / Fibo 61.8% of $1263/$1288 upleg.
The yellow metal is focusing on key events scheduled this week: US inflation and retail…
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WTI OIL – strong technical signals warn of correction
WTI oil holds in red on Monday and extends lower, despite expectations to rise after pipeline disruption in the Middle East and concerns of oil facilities damage on deadly earthquake that hit Iran and Iraq early on Monday.
Fresh easing is…
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AUDUSD – fresh bears pressure key supports at 0.7630 zone
The Australian dollar fell in Asia, turning near-term focus lower after multiple upside rejections at 200 SMA (0.7697) last week).
Key support at 0.7632 (Fibo 61.8% of larger 0.7328/0.8124 ascend) which was repeatedly dented but without…
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