Recovery runs out of steam and pressures initial pivots at 108 zone
Recovery after flash crash low at 104.59 (03 Jan) showed strong signs of stall and capped by falling 10SMA (currently at 108.53), with Monday’s action holding in red and helped by bearish daily techs.
Fresh weakness pressures near-term…
Read More...
Read More...
Bulls face strong headwinds from falling daily cloud; all eyes on parliamentary vote on Brexit plan
Cable holds in red in early European trading on Monday, as repeated attempts to penetrate daily cloud failed.
Daily cloud is falling and thickening and provides significant resistance, in addition to negative signal from bearish divergence…
Read More...
Read More...
Strong support at 1.1444 under pressure after strong upside rejection and subsequent pullback
The Euro edges higher in early trading on Monday, but near-term outlook remains negative following strong losses in past two days that left bearish candles with long upper shadows.
Also, failure to clearly break above daily cloud (top of…
Read More...
Read More...
Bullish bias above 10SMA for renewed attempt at $1300
Spot gold regained traction and moved higher in early Friday’s trading, as the dollar slipped on rising expectations that the Fed would pause its rate hike cycle this year.
The yellow metal remains congested between $1298 and $1276 for the…
Read More...
Read More...
Recovery extension eyes daily cloud base as WTI is on track for the biggest weekly gain in six…
WTI oil extends advance on Friday after the action on Thursday ended in Doji, signaling a pause in recent strong rally.
Fresh upside pressures falling 55SMA ($53.68) and could extend towards key barriers at $54.54/$55.08 (4 Dec high / base…
Read More...
Read More...
Bearish bias below daily Kijun-sen; US CPI data eyed for fresh signals
The pair holds within week-long congestion between daily Kijun-sen and Tenkan-sen but near-term bias remains on the downside on signals that corrective phase of larger downtrend from 113.70, which spiked to 104.59 on last week’s flash…
Read More...
Read More...
Friday’s close above daily cloud would provide bullish signal but risk of stall exists
The Euro regained traction and returned above daily cloud in early Friday’s trading, following strong upside rejection and bearish close on Thursday.
Overall bullish bias keep bulls in play for further advance, as Wednesday’s long bullish…
Read More...
Read More...
Cable stands at the back foot ahead of release of UK data
Cable holds within narrow range on Friday ahead of release of a series of UK data.
Bearish close on Thursday after repeated failure to clearly break above falling 55SMA (currently at 1.2772) and Fibo barrier at 1.2786 (50% retracement of…
Read More...
Read More...
Bulls penetrate daily cloud, boosted by strong data and weaker greenback
The Australian dollar advanced further in early Friday’s trading, boosted by Australian retail sales data (Nov 0.4% vs 0.3% f/c).
Weaker US dollar on repeatedly dovish tone from Fed chief Powell, which made investors more confident that US…
Read More...
Read More...
Rising 10SMA holds pullback for now, FOMC minutes eyed for fresh signals
Spot gold stands at the back foot on Wednesday, as rising optimism over possible solution for US/China trade dispute reduced safe-haven demand.
Extension of pullback from $1298 high (six-month high posted on 04 Jan) probes again through…
Read More...
Read More...