Solid China’s data inflate Aussie but price action is still within the range
The Australian dollar regained traction and advanced towards multi-day range tops, following strong upside rejection on Thursday after the price spiked to 0.6933 but subsequently reversed and closed in the middle of the range.
Solid…
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Initial signals of reversal generated after strong upside rejection
The Euro stands at the back foot in early Friday’s trading and returns below 200DMA (1.1135), adding to negative signal, generated on Thursday’s strong upside rejection which resulted in bearish daily candle with long upper shadow that…
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Firm tone ahead of UK retail sales data release
Cable ticked higher in early Friday’s trading and hit one-week high (1.3099) in extension of rally in past three days ahead of release of UK retail sales data.
Fresh recovery is underpinned by rising daily cloud which contained pullback…
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Bears are on hold but recovery attempts lack momentum for stronger advance
WTI oil price bounced on Thursday after triple failure to clear 200DMA ($57.70) support.
Initial reversal signal is forming on daily chart after price action in past two days ended in Doji candles and subsequent advance.…
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Relief advance on trade deal needs close above 0.6919 pivot to signal bullish continuation
The Australian dollar advanced on Thursday and hit the highest since 7 Jan, in attempts to eventually break above three-day congestion, which was signaled by double Doji candles.
Strong risk sentiment after US-China trade deal was signed,…
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Lira jumps after CBRT surprised with 0.75% rate cut vs 0.5% consensus
Turkish lira rose against US dollar after CBRT surprised markets by 0.75% rate cut to 11.25% vs widely expected half percent easing.
The central bank said that current policy stance remains consistent as inflation outlook continues to…
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Bulls eye 1.12 zone after break of key barriers
The Euro maintains firm tone on Thursday and keeps focus at the upside after strong bullish signal was generated on Wednesday’s surge and close above key 1.1140 resistance zone.
Rising bullish momentum on daily chart and MA’s in bullish…
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Fresh strength probes again through 110 but risk of stall exists
The pair regains traction after bulls paused in past two days, as US-China trade deal reduces uncertainty and reduces demand for safe-haven yen.
Fresh bid attacks again cracked 110 barrier after bulls spiked to 110.21 but failed to close…
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Swiss franc rises to new multi-month high vs dollar
The Swiss franc continues to shine and extended larger strength against US dollar to new highest level since September 2018 on Thursday.
Fresh rally was fueled by decision of the US Treasury Department to add Switzerland to the list of…
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Multiple upside rejections warn of pullback
The dollar index eases on Wednesday after being congested under key Fibo barrier at 97.26 (38.2% of 99.29/96.00 fall) for a few days.
Three consecutive Dojis and four rejections at 97.26 resistance increase risk of stall of recovery rally…
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