Cross price dips towards range floor on stronger pound
The pound advanced in European trading on Wednesday, sending the cross price lower after the upside attempts in past few sessions were repeatedly capped by falling 20DMA (the price action holds below 20DMA since 10 Oct).
Fresh weakness…
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Bullish signal on break above 200DMA but daily techs warn of recovery stall
The pair maintains firm tone, additionally boosted by fresh optimism on positive comments over trade talks from President Trump.
Bounce from 108.25 higher base reached Fibo 76.4% of 109.48/108.27 pullback and generated bullish signal on…
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Bears regain control but near-term action is still directionless
Cable holds in red for the second consecutive day and eases towards initial support at 1.2820 (Fibo 23.6% of 1.2197/1.3012 upleg) in early Wednesday’s trading, deflated by stronger dollar on fresh risk mode on trade deal hopes.
The price…
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Fresh weakness on trade optimism pressures again key 1.10 support zone
The Euro eased in early Wednesday’s trading after comment from President Trump overnight that the US and China are close to reach a deal.
Fresh optimism lifted dollar and erased all gains of pair’s brief recovery on Tuesday, shifting…
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Directionless consolidation above new low extends; overall picture remains bearish
Tuesday’s advance reverses the largest part of previous day’s fall but the pair remains within one-week range above new multi-month low (0.8521) and so far without clear direction signal.
Consolidation may extend on conflicting momentum…
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Fresh bulls emerge after double downside rejection and pressure key Fibo barrier
WTI oil regained traction on Tuesday and moved above $58 mark (session high $58.36) following Monday’s dip to $57.17 (contained above daily cloud top at $57.02) and subsequent bounce that left daily long-tailed Doji candle.
Oil prices were…
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Near-term range is narrowing in expectations of UK election results
Cable eases on Tuesday following repeated failure to close above 1.2900 barrier, with fresh weakness being sparked by news about narrowing lead of Conservative Party over Labor Party ahead of UK election on 12 Dec.
Near-term action is…
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RBA chief’s comments lifted Aussie but upticks were so far short-lived
The Aussie jumped close to 0.6800 barrier after comments from RBA governor, who said that the QE is not on CB’s agenda and that negative interest rates are unlikely.
Bounce from strong Fibo support at 0.6769 (61.8% of 0.6670/0.6929) which…
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Bulls probe above 200DMA on fresh trade optimism
The pair spiked to new two-week high at 109.20 in Asian trading on Tuesday, boosted by news that the US and China are close to reach a deal.
Recovery from 108.25 zone, where a higher base is forming, probed above important 200DMA …
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Daily cloud twist could attract for stronger recovery from key support zone
The Euro is consolidating above new two-week low at 1.1003 in early Tuesday’s trading after strong three-day fall faced headwinds from strong support zone at 1.1000/1.0990 (psychological support / Fibo 61.8% of 1.0878/1.1179 / 14 Nov…
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