Aussie eases after another upside rejection; 10SMA marks key support
The Australian dollar eased from new recovery high at 0.7184 in early Tuesday’s trading, as risk appetite started to fade and bulls failed again to clearly break above pivotal 0.7174 barrier (50% retracement of 0.7295/0.7054 / daily…
Read More...
Read More...
Bulls face strong headwinds from 200SMA and keep risk of stall despite improved sentiment
The pair trades near 2019 high at 111.23 following Monday’s rally which generated bullish signal on close above triangle resistance (110.86) and fresh probes above 111 barrier.
Fresh risk appetite on optimistic tones from US/China trade…
Read More...
Read More...
Pound extends advance on Brexit delay news
Cable accelerated higher and hit new 3 ½ week high at 1.3161 in Asian session on Tuesday, boosted by reports that UK PM May was considering delaying the deadline for UK’s exit from the European Union.
Fresh rally surged through 1.3112 Fibo…
Read More...
Read More...
US oil fell nearly $2 after Trump criticized OPEC for too high oil prices
WTI oil price fell nearly $2 on Monday after US President Trump said that oil prices are too high and called OPEC to relax and keep prices steady.
WTI contract dipped from $57.48 to the session low at $55.69 after Trump’s tweet, in…
Read More...
Read More...
WTI maintains positive tone and eyes 100WMA
WTI oil bounced on Monday following short-lived probe below $57 handle (session low at $56.95) and aiming towards last Friday’s high at $57.79 (the highest since mid-Nov 2018).
Optimistic tones from US/China trade talks and production cut…
Read More...
Read More...
Triangular consolidation extends; weakening momentum warns of pullback
The pair remains directionless and within narrow range on Monday, on track to mark another daily action by tight Doji.
Bulls continue to lose momentum since double rejection (13/14 Feb) on approach to 200SMA which sees increasing downside…
Read More...
Read More...
Renewed bulls attack again pivotal falling 20/30SMA to signal an end of congestion on firm break
Bulls regained traction on Monday and gear up for renewed attempts higher and eventual break above the range that extends into fourth straight day.
Triple long-legged Doji (Wed/Thu/Fri) signaled strong indecision and directionless mode, as…
Read More...
Read More...
Directionless mode extends but bias remains bullish above 200SMA
Cable holds in directionless mode for the fourth straight day, consolidating under 1.31 zone, where strong recovery rally stalled.
Near-term bias remains with bulls as broken 200SMA contained dips and continues to underpin, but triple-Doji…
Read More...
Read More...
Aussie extends recovery on fresh US/China talks optimism
The Australian dollar extends recovery from last week’s low at 0.7070, advancing for the second straight day, boosted by fresh optimism over US/China trade talks.
US President Trump said he will delay increasing tariffs on…
Read More...
Read More...
Oil consolidates under new 2019 high; bullish bias remains intact above 100SMA
WTI oil regained traction and probes back above $57 handle on Friday, following bearish close on Thursday (the first close in red after six straight bullish days), when the price came under pressure from stronger than expected build in…
Read More...
Read More...