Positive news and bullish techs fuel fresh extension higher
Cable advanced to new eleven-week high in Asia on Friday, after strong bullish signal was generated on final break and close above strong resistances at 1.2500 zone on Thursday.
Fresh wave of optimism on latest comments from European…
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Oil price consolidates after two-day fall; fresh direction signals on break of $56.60 or $60.00
WTI oil price rose on Thursday after traders booked profits from two-day nearly 6% fall.
Dip from four-month high at $63.36 found footstep at $57.70, where weekly cloud base and rising 5DMA offered solid support.
Oil price surged after…
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Bulls regained control after being briefly hit BoE’s Brexit warning
Cable regained traction and retested 100DMA barrier, on bounce from session low at 1.2437, posted after BoE rate decision.
Sterling keeps bullish bias despite warning tone from the central bank on persisting uncertainty and further…
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Aussie extends weakness on less dovish than expected Fed, rising expectations for RBA rate cut
The pair stays firmly in red for the second straight day and test levels below 0.68 handle after break below daily cloud base (0.6815) generated fresh bearish signal for extension below 50% retracement of 0.6887/0.6894 recovery leg.
The…
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Choppy directionless mode extends
The Euro regained traction and moved higher in European trading on Thursday after being hit by stronger dollar on less dovish than expected Fed on Wednesday.
Near-term action remains within choppy and wide-range congestion which is capped…
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Cable remains capped by 100DMA but still biased higher
Cable holds bullish bias despite multiple failures to clear strong barriers at 1.2500 zone (100DMA / Fibo 38.2% of 1.3381/1.1958 fall) which capped the action in past four days.
Daily momentum remains strong and rising MA’s (10/20/30/55)…
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Yen firmed after unchanged BoJ but strength is likely to be limited
The pair pulls back from new seven-week high at 108.47, hit in post-Fed jump, after Bank of Japan kept policy unchanged but left the door open for possible easing in October.
The Fed cut interest rates by 0.25% on Wednesday, in widely…
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Aussie holds in red and attacks again pivotal support zone ahead of Fed
The Australian dollar holds in red on Wednesday and attacks again key supports at 0.6830 zone (daily cloud base / broken Fibo 38.2% of 0.7080/0.6677) which contained Tuesday’s spike to 0.6830.
Fresh weakness signals again reversal after…
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Bulls may accelerate if no surprise from Fed
The pair maintains positive tone and holding near fresh 6 ½-week high in early Wednesday’s trading, following Tuesday’s repeated close above 100DMA and fresh probe above Fibo barrier at 108.16 (76.4% of 109.31/104.44 fall).
Daily studies…
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Bulls look for a catalyst to finally break 100DMA; UK CPI and Fed eyed for signals
Cable is holding within narrow consolidation around pivotal 1.25 resistance zone (100DMA / Fibo 38.2% of 1.3381/1.1958) after fresh advance on Tuesday repeatedly failed to clear barrier.
Uptrend from 1.1958 remains intact and maintains…
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