Bulls struggle at 100SMA; no clear direction signal as techs are mixed
The Euro holds in green for the third straight day and extended advance to new two-week high at 1.1450.
Bulls were capped by 100SMA so far and may struggle to break higher despite strong bullish signal generated on Monday’s close above…
Read More...
Read More...
Increased volatility expected on key event of the day – parliamentary vote on Brexit plan
Cable holds in red in early Tuesday and extends weakness off new high at 1.3217 into second straight day.
Technical indicators started to point lower on daily chart, suggesting further corrective easing, but the action could be limited as…
Read More...
Read More...
Recovery after strong fall faces headwinds from 10SMA
The USDCAD bounced on Monday, recovering so far nearly a half of strong fall on Friday (the pair was down nearly 1%), when the greenback fell across the board.
Strong bearish acceleration was repeatedly contained by the base of rising…
Read More...
Read More...
Bounce after triple rejection at 200SMA could be initial reversal signal
The pair accelerates higher on Monday, following triple rejection at key 200SMA support, as subsequent bounce is about to complete reversal pattern on daily chart.
Scenario on dip-buying above 200SMA was on the table and is activating now,…
Read More...
Read More...
Oil price dips over 2% as rise in US oil rigs offsets positive impact from political turmoil in…
WTI oil holds in red on Monday and entering American session with over 2% loss.The sentiment soured after data on Friday showed increase of US rigs for the first time this year (Baker Hughes oil rigs count 862 vs 852 previous…
Read More...
Read More...
Neutral mode persists as the pair remains within extended range trading
The pair stands at the back foot in early Monday’s trading and holding in the lower side of multi-day 109.05/99 range, after Friday’s attack at range top was rejected again and capped by falling 30SMA.
No clear direction signal seen while…
Read More...
Read More...
Aussie extends Friday’s strong rally but daily cloud caps gains for now
The Aussie advanced further in Asian trading on Monday, in extension of last Friday’s strong rally that generated positive signal on formation of bullish engulfing pattern on daily chart.
Bulls were also attracted with today’s twist of…
Read More...
Read More...
Friday’s bullish outside day underpins but bulls remain capped by daily cloud top for now
Attempts to extend last Friday’s strong rally (0.9%) in early Monday’s trading faced strong headwinds from barriers at 1.1411/18 (20SMA / daily cloud top) and stays capped for now.
Bullish outside day pattern formed on Friday generated…
Read More...
Read More...
Bulls consolidate under new high ahead of Tuesday’s Brexit vote
Cable consolidates under new 15-week high at 1.3217, posted on Friday after the biggest one-day rally in 2019 when the pair was up 2.5%.
Sterling rallied on newspaper report that Northern Ireland's DUP party has decided to back PM May's…
Read More...
Read More...
Fresh bullish acceleration clearly breaks above 200SMA; cable on track for the biggest weekly gains…
Cable accelerated to 11-week high in early American session trading on Friday and cracked key Fibo barrier at 1.3153 (38.2% of 1.4376/1.2397 Apr/Jan fall), boosted by renewed Brexit optimism and weaker dollar across the board.
Fresh rally…
Read More...
Read More...