Bulls probe again through key 111.97/112.20 resistance zone
The pair holds bullish tone on Monday, boosted by fresh risk mode and focuses 2019 high (112.13).
Bulls attempt to clearly break 200WMA (111.97) that would generate positive signal for extension of recovery leg from 104.59 (30 Dec spike…
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Absence of Brexit news maintains directionless mode; key UK data in focus for fresh signals
Cable ticked higher on Monday but remains directionless and in range trading that extends into sixth straight day.
Near-term action remains capped by daily cloud top (1.3115) which marks key resistance along with Fibo barrier at 1.3131…
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Downbeat Turkey’s jobs data increase pressure on lira
The Turkish lira remains under strong pressure as USDTRY continues to trend higher and look for retest of key short-term resistance at 5.8410 (22 Mar high).
Downbeat Turkey’s jobs data, released today (unemployment rose to 14.7% in…
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Fresh risk mode supports bulls for renewed probe through 55SMA
The Euro maintains bid tone at the beginning of the week which will be shortened for holiday and probes again through important barrier at 1.1316 (daily cloud base / 55SMA / 50% retracement of 1.1448/1.1183 bear-leg), which was cracked on…
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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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