Positive outlook above broken Fibo barrier but risk of reversal exists
Cable remains constructive on Thursday and holding above broken Fibo barrier at 1.3047 (Fibo 61.7% of 1.3217/1.2772) but Wednesday’s Doji with long shadows which formed spinning top, signaled indecision and warns about possible reversal.…
Read More...
Read More...
Strong bearish acceleration turns focus at 0.7054 base
The Australian dollar holds in red in early European trading on Thursday, following strong fall in Asia that turned near-term bias to bearish mode.
Stronger Australian jobs data initially boosted the pair to new two-week high at 0.7207 but…
Read More...
Read More...
Risk of recovery stall increases
The Euro regained traction and bounced in early European trading on Monday, retracing the biggest part of post-Fed minutes fall.
Better than expected French PMI data boosted the single currency, while mixed German PMI’s (Manufacturing Feb…
Read More...
Read More...
Bulls take a breather after triple upside rejection; crude inventories in focus for fresh signals
WTI oil price holds in red and eases from 2019 high after bulls faced triple rejection at falling 100SMA.
Corrective easing could be anticipated as daily slow stochastic reverses in deep overbought zone and momentum turned in neutral mode.…
Read More...
Read More...
Bulls pause under pivotal barrier, looking for fresh signals from data
The Australian dollar eased on Wednesday after repeated failure at 0.7174 barrier (daily Kijun-sen / 50% retracement of 0.7295/0.7054).
The downside was for now protected by broken 55SMA (0.7149) but deeper pullback cannot be ruled out as…
Read More...
Read More...
Euro maintains firm tone but in directionless mode ahead of Fed minutes
The Euro holds firm tone and probes again above cracked Fibo barrier at 1.1341 (38.2% of 1.1514/1.1234) after bulls failed to close above on Tuesday.
Fresh attempts higher remain capped by 20SMA (1.1362) for the second day and keep in play…
Read More...
Read More...
Bulls consolidate after 1% rally; May / Juncker meeting in focus for fresh signals
Cable consolidates in early Wednesday's trading after 1.08% rally on Tuesday (the biggest one-day gains since 1 Nov).Tuesday's surge after strong UK jobs data resulted in break and close well above converged 20/200SMA's, as well close above…
Read More...
Read More...
Sterling advances through key barrier, boosted by strong jobs data
Cable enters American session on Tuesday firmly in green and above pivotal barrier at 1.2942 (Fibo 38.2% of 1.3217/1.2772 / daily Kijun-sen).
The pair ticked lower after release of UK jobs data, as markets were initially disappointed after…
Read More...
Read More...
Euro falls after strong recovery rejection and weak EU data
The Euro stands at the back foot and dips to session low at 1.1282 in European trading on Tuesday, as EU current account surplus narrows significantly (Dec 16.2B vs Nov 22.7B) and German ZEW data showed economic sentiment weakened in Feb…
Read More...
Read More...
Bulls are taking a breather under 100SMA
WTI oil price holds within tight range under new 2019 high posted after strong 5-day advance, showing hesitation on approach to strong barrier at $56.92 (falling 100SMA).
Bulls are running out of steam as daily slow stochastic is turning…
Read More...
Read More...