Bulls run out of steam after cracking key Fibo barrier
The Euro eases from new recovery high at 1.1338, posted on Wednesday after strong four-day rally from 1.1176 (2019 low).
Bulls show initial signs of stall as momentum reverses down after failing at the midline and stochastic entered…
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Cable consolidates under new multi-month high
Cable stands at the front foot in early European session on Thursday and returned above 1.33 handle after pulling back from new multi-month high at 1.3381, posted after strong rally on Wednesday (the pair was up 1.8% for the day, the…
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Bulls struggle at 200SMA
The pair maintains positive near-term bias but remains stuck at pivotal 200SMA (111.40) which capped Tuesday’s action in extension of recovery from 110.78 trough (8 Mar).
Recovery remains underpinned by rising 20SMA (111.10) which…
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Extended recovery eyes next key barrier at 1.1326
The Euro extends recovery into fourth straight day and probes through 1.1297 barrier (10SMA / 50% of 1.1419/1.1176 bear-leg).
Positive near-term sentiment keeps focus shifted higher, with bullish signal on Tuesday’s close above double-Fibo…
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Cable remains highly volatile ahead of further parliament’s votes
Cable regained traction and bounced to 1.3148 (falling 10SMA) in early Wednesday’s trading, following highly volatile action on Tuesday, when the pair trade within nearly 300-pips range.
The British Parliament rejected again PM May’s…
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WTI Oil extends recovery on further output cut from Saudi Arabia
WTI oil price broke above $57 per barrel on Tuesday in extension of recovery from $54.51 spike low (8 May), driven by improved sentiment on decision of Saudi Arabia to voluntary cut its supply further and to keep output below 10 million bpd…
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Recovery runs out of steam ahead of daily cloud top / key Fibo barrier
Recovery from 0.70 base extends into third straight day but bulls face headwinds at 0.7084/93 barriers (falling Tenkan-sen / daily cloud top).
Break here is needed to open nearby pivot at 0.7114 (Fibo 38.2% of 0.7295/0.7003) and generate…
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Break above converged 100/200SMA’s would unmask key barriers at 112.13/20
The pair regains traction and probes through converged 100/200SMA’s (111.38) following double failure to clearly break below rising 20SMA.
Cracked moving average remains initial support (111.09) and underpins recovery.
Lift above…
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Extended recovery eyes key barriers at 1.1300/26 zone
The Euro holds in green for the third straight day and extends recovery from 1.1176 low (7 Mar) through pivotal double-Fibo barrier at 1.1270 (38.2 of 1.1419/1.1176 / 23.6% of 1.1570/1.1176).
Renewed Brexit optimism positively impacted the…
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Renewed optimism inflated pound ahead of key parliamentary vote on Brexit plat
Cable remains bid in early European trading on Tuesday and holding under new two-week high at 1.3288, posted in early Asian session in extension of Monday’s 1.6% advance, the biggest one-day gains since 1 Nov.
The pound was boosted by…
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