Fresh upside attempts need close above 10SMA to signal extension
The dollar maintained positive tone during European and early US trading on Tuesday and probed again through falling 10SMA (108.58) after Monday’s attempts above multi-day congestion failed to close above and generate firmer bullish…
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Aussie consolidates after strong fall; Monday’s bearish engulfing weighs
The Australian dollar probes through 30SMA support (0.6949) on Tuesday, in extension of 0.71% fall previous day and pressure 0.6943 (50% retracement of 0.6864/0.7022).
Monday’s bearish outside day and close below pivotal Fibo support at…
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Bulls may show further hesitation to attack 200SMA barrier
The Euro regained traction and heads up in early European trading on Tuesday, after Monday’s dip was strongly rejected and daily action closed above broken bear-trendline off 1.1569 (2019 high) at 1.1305.
Near-term action is supported by…
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UK earnings / jobs data in focus for fresh signals
Cable is in directionless mode in early Tuesday’s trading, holding within tight range between converging 20/10SMA’s (1.2692/1.2671 respectively) and awaiting fresh signals from UK jobs/earnings data today.
Monday’s close in red and…
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Pullback extends after strong upside rejection
Bulls are losing traction as the price eases for the second day, following strong upside rejection on Friday (spike high was left at 15.17, the highest since early Sep) before quick pullback.
Daily stochastic reversed from overbought…
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Bulls hit new five-month high
The cross extends bull-run to new nearly five-month high at 0.8913 on Monday, as pound was hurt by significantly weaker than expected UK data that added to negative sentiment over Brexit concerns and run for the successor of Theresa May in…
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Fresh advance struggles at falling 10SMA
The dollar regained traction on positive news about US/Mexico trade conflict and opened with gap-higher on Monday, recovering all losses from last Friday, caused by disappointing US labor data.
Fresh advance probes above the top of…
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Pound eases after downbeat UK data and eyes key 10SMA support
Cable accelerated lower after weaker than expected UK data, extending pullback from Friday’s post-US jobs data rally high at 1.2762.
Disappointing data (GDP -0.4% vs -0.1% f/c; IP Apr -2.7% vs -0.7% f/c; MP Apr -3.9% vs -1.1% f/c) add to…
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Bulls are re-positioning for fresh upside; daily cloud top marks key support
The Euro stands at the back foot in early Monday’s trading and probes below 1.13 handle, on easing from new 2 ½ month high at 1.1347.
Traders took profit from strong Thu/Fri 1% rally, as weak US jobs data on Friday sent dollar lower and…
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Surge above 0.70 barrier signal continuation of recovery from 0.6864 base
The Australian dollar rallied to one-month high on Friday, propped by downbeat US jobs data that sent the greenback lower across the board.
The pair eventually broke above key barriers at 0.6990/94 (double-Fibo) and psychological 0.70…
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