Bears look for extension below 55SMA / daily cloud base after consolidation; cloud top to cap…
The Euro holds in consolidative mode above new two-week low at 1.1370, posted on Thursday, as bears repeatedly failed to clearly break below 55SMA (1.1382) despite bearish signal generated on the second straight close below 1.1392 Fibo…
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Sterling advances on improved sentiment; extension towards 200SMA seen after consolidation
Cable is consolidating under psychological 1.30 barrier which was cracked on Thursday’s 0.8% advance.
Eventual break above three-day congestion signaled continuation of recovery phase from 12 Dec 1.2476 low.
Sterling was boosted by…
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Oil price remains within triangular consolidation
WTI oil eases in early trading on Thursday, following report about new record high in US oil production, which soured the sentiment.
EIA report showed stronger than expected draw in US weekly crude inventories (-2.6 mln bls vs 1.3 mln bls…
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Firmer direction signals on break of 20SMA or daily cloud base
The Australian dollar holds in tight range on Thursday, following bearish close below near-term congestion floor / 100SMA support (0.7176) on Wednesday, as rising thick 4-hr cloud (0.6970/0.7178) limits dips and strongly underpins.…
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Strong barrier at 109.15 caps for now and keeps the pair in extended sideways mode
The pair stands at the back foot in early European trading following repeated failure at pivotal 109.15 barrier (daily Kijun-sen / 50% retracement of 113.70/104.59 descend).
Falling 20SMA (109.49) reinforces resistance as momentum and RSI…
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Stall signal on repeated rejections at 100SMA; loss of 1.2820 support to risk pullback
Cable remains directionless in early Thursday's trading after Tuesday's turbulent action on parliament's rejection of Brexit plan and no significant reaction on Wednesday's no-confidence vote which PM May's government survived.
The action…
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Extended triangular consolidation looks for fresh direction signal
WTI oil stands at the back foot in early US trading on Wednesday, after recovery attempts in Asian session which peaked at $52.50, were short-lived.
Tuesday’s bullish outside day pattern provided little support to oil price which stays…
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Bears look for daily close below key 200SMA / Fibo supports to resume
The cross extends lower and probes below key supports at 0.8871/60 (daily cloud base / 200SMA on Wednesday.
Bearish candle with long upper shadow which was left after strong upside rejection and subsequent fall on Tuesday weighs, keeping…
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Risk of pullback increases after repeated failures at daily cloud base
The Australian dollar probes through 55/100SMA support zone (0.7196/76) on fresh weakness triggered by stronger greenback.
Multiple rejections at daily cloud base (0.7207) in past few sessions signaled that recovery rally from 3 Jan spike…
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Optimism returns after short-lived negative impact from Brexit plan parliamentary rejection
Cable maintains positive tone and returns to 1.29 zone post-vote recovery high in early European trading on Wednesday.
The negative impact from parliamentary defeat of PM May’s Brexit plan, although strong on unexpected margin of defeat…
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