Dow rallies as positive earnings data improve the sentiment
The Dow Jones future contract jumped 0.75% after Wall St. opening on Friday, establishing in fresh upside direction after double Doji candles (Thu/Wed) signaled an end of three-day pullback.
Positive news, led by JP Morgan’s upbeat Q1…
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Extended Lira’s weakness approaches key s/t supports
The USDTRY advanced further and spiked to new three-week high at 5.8231 on Friday, approaching key short-term barrier at 5.8410 (22 Mar high, posted after daily rally of 6.2%).
Lira remains under strong pressure after Turkish Finance…
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Aussie regained traction and rallies but still short of key barriers
The Aussie dollar advances strongly on Friday and looks for retest of Wed/Thu highs (0.7175/71), following bumpy ride in past two days when the pair advanced 0.66% and the fell in the same percentage the next day.
Bulls stayed short of key…
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Extended bulls pressure key 200WMA barrier
Extension of Thursday’s strong rally (0.58%) hit five-week high and approaches key barrier at 112.02 (200WMA) and nearby pivots at 112.19 (Fibo 76.4% of 114.54/104.59 / upper 20-d Bollinger band).
Thursday’s close above 200SMA was strong…
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Near-term risk shifts lower after repeated upside rejections
Cable is holding near the lowest point of near-term congestion which extends into fourth straight day on Friday, following triple rejection ad daily cloud top and Thursday’s close in red.
Thick falling weekly cloud also weighs, keeping…
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Fresh advance in Asia looks for eventual break of key Fibo barrier
The Euro surged in Asia and hit new 2 ½ high at 1.1294, boosted by news about increased demand for the currency on Japanese bank plans for multi-billion purchase business from a German bank.
Fresh advance probes above converging 20/30SMA’s…
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Bulls eye 20SMA but may take a breather before resuming
The Aussie dollar consolidates under new multi-week high at 0.7175, posted on Wednesday after 0.66% advance, which generated bullish signal on break and close above thick daily cloud.
Bullish setup of daily techs supports for further…
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Pullback shows initial signs of stall above massive rising daily cloud
The pair bounces from correction low at 110.84, where three-day fall found support.
Pullback from 111.82 high showed signs of stall just ahead of daily cloud top, as massive cloud continues to strongly underpin the action, signaling…
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Bulls regained traction but struggle at key 1.1280 resistance zone
The Euro stands at the front foot in early European trading on Thursday after bulls returned to play and managed to fully recover Wednesday’s fall, sparked by soft tone from ECB President Mario Draghi, who pointed to downbeat economic…
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Daily cloud top continues to cap as bulls fail to capitalize from Brexit extension
Sterling holds in a choppy mode on Thursday and so far, unable to advance despite optimism on sidelined fears of no-deal Brexit and EU’s approval for extension of Brexit day until 31 Oct.
Most of possible scenarios remain on the table as…
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