Near-term bias remains with bulls but needs further evidence for confirmation
The Australian dollar regains traction on Thursday and pressures psychological 0.70 barrier, with near-term action being supported by broken 30SMA (0.6957).
Wednesday’s close in red after repeated failure to close above cracked double-Fibo…
Read More...
Read More...
Bears in extended consolidation look for fresh signals from ECB and US jobs data
The pair eases on Thursday after limited recovery was capped by falling 5SMA as threats of deepening trade conflict continue to fuel safe-haven buying and support yen.
The near-term action holds within 107.80/108.50 zone, held by huge…
Read More...
Read More...
Near-term action holds between 10 and 20SMA’s and looks for signal on break of either side
Cable is consolidating above two-day low at 1.2668, reinforced by 10SMA and awaiting fresh signal from today’s ECB policy meeting.
Recovery leg from 1.2559 low stalled at 1.2743 (capped by falling 10SMA) and subsequent pullback resulted in…
Read More...
Read More...
The Euro consolidates above key supports after strong upside rejection, ECB policy meeting eyed for…
The Euro attempts to stabilize above 55SMA (1.1214) after Wednesday’s strong upside rejection (1.1306) and subsequent pullback that left bearish daily candle with long upper shadow.
Repeated failure to clear key barriers, provided by daily…
Read More...
Read More...
Spot Gold spikes to 3-mth high on risk aversion and signals of Fed rate cut
Spot gold spiked to three-month high at $1344 on Wednesday, extending strong rally from last Thursday’s low at $1275 and approaching key short-term barrier at $1346 (2019 high, posted on 20 Feb).
Fresh advance is on track to fully retrace…
Read More...
Read More...
Loonie advances further on dovish Fed and downbeat US ADP jobs data
The pair holds firmly in red and extends weakness for the third straight day, to crack pivotal Fibo barrier at 1.3375 (38.2% of 1.3068/1.3564) on Wednesday.
The greenback fell across the board on dovish steer from Fed and was additionally…
Read More...
Read More...
USDZAR bulls struggle at key Fibo barrier
The pair continues to struggle at key Fibo barrier at 14.75 (61.8% of 15.69/13.23) and on track for the fourth failure to clearly break higher in one week.
Series of daily candles with long upper shadows warns that bulls might be running…
Read More...
Read More...
Aussie remains bid but needs clear break above 0.70 barrier for bullish continuation
The Australian dollar remains at the front foot on Wednesday and probes again through cracked double-Fibo barriers at 0.6990/94 and psychological 0.70 level.
Positive tone on weaker US dollar after further dovish comments from Fed…
Read More...
Read More...
Recovery struggles at 1.2700 zone; UK Services PMI in focus
Cable is trading within narrow range in early Wednesday’s trading and showing signs of stall of three-day recovery leg from 1.2559 low, as bulls face strong headwinds from 1.2700/08 barriers (round-figure / Fibo 23.6% of 1.3179).
Tuesday’s…
Read More...
Read More...
The Euro remains biased higher but risk of repeated failure at key barriers exists
The Euro remains at the front foot in early Wednesday’s trading and attempts again towards key barriers provided by daily cloud top; 100SMA and 50% retracement of 1.1448/1.1107 fall (1.1277/79) where Tuesday’s attack was strongly rejected.…
Read More...
Read More...