EURGBP – Shooting star pattern suggests further easing
The cross is lower on Thursday and sees risk of further easing after Wednesday’s strong upside rejection on attempts to sustain break above 0.9013.
Shooting star patter was formed on daily chart, warning of deeper fall as today’s bearish…
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SPOT GOLD – n/t focus turns lower after strong upside rejection on Wednesday
Spot Gold stands at the back foot today following yesterday’s recovery stall ahead of key Fibo 61.8% barrier at $1290.
Subsequent quick fall left bearish daily candle with long upper shadow that signaled strong upside rejection and risk of…
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WTI OIL trades in extended consolidation; lacks clearer n/t direction signal
WTI oil holds within narrow consolidation for the second day after falling sharply on Tuesday. Consolidation above correction low at $54.80 was so far capped by falling thick hourly cloud and shows no stronger signs of basing but remains…
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USDJPY – limited recovery keeps the downside at risk
The pair is in recovery mode on Thursday after previous day’s fall to nearly one-month low at 112.47 and close below Fibo 23.6% support at 112.98 which was bearish signal.
Bounce above 113.00 was so far limited by 30SMA (113.23) and holding…
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GBPUSD – directionless ahead of UK data
Cable is treading water in early Thursday after previous day’s action ended in Doji candle, showing indecision at key 1.3214 barrier (daily cloud base).
Repeated rejections at cloud base and close below converged 20/30SMA’s (1.3170 zone)…
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AUDUSD – bears entered consolidation mode after mild reaction on Australian jobs data
The Aussie dollar showed little reaction on Australian jobs data which came mixed in October. Employment fell significantly, showing only 3.7K new jobs created in Oct, falling well below 17.5K forecast and upwards-revised Sep figure at…
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EURUSD pulls back after Wed’s strong upside rejection; dip-buying remains favored
The Euro stands in red in early Thursday’s trading and extends lower after previous day’s strong upside rejection in the middle of daily cloud.
Failure to sustain break in the cloud and subsequent quick pullback formed Shooting Star pattern…
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EURGBP – bulls hesitate ahead of daily cloud top
The cross eases below 0.9000 handle which was dented on today’s spike to 0.9013, showing strong hesitation at key 0.9026 barriers (daily cloud top / former highs of 10/20 Oct).
The price is holding within thick daily cloud and maintaining…
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USDTRY – retest of all-time high remains in play
The pair holds firm tone after shallow correction from 3.90 was completed and fresh rally spiked at 3.9103 on Tuesday.
Today’s action shows hesitation at 3.90 but the price remains well above rising 10SMA (3.8617) which tracks the advance…
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Dollar Index stays firmly in red ahead of US data
The greenback remains under strong pressure against its major counterparts and extends steep descend into fifth straight day.
Bears broke below strong double-Fibonacci support at $93.50 zone, reinforced by 100SMA today, signaling further…
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