Bulls struggle at 55SMA with little help from upbeat housing data
Cable is regaining traction after consolidation in Asian session and probing through 55SMA / 50% of 1.3174/1.2397 bear-leg (1.2783/86), where three-day rally faced strong headwinds on Monday.
Pound moved higher after markets digested…
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Bulls are taking a breather after another failure at 100SMA
Bulls are taking a breather after strong three-day recovery rally managed to close above pivotal Fibo barrier at 1.1444 (38.2% of 1.1815/1.1215) but was again failed to clearly break above 100SMA (1.1478).
Early Monday’s action is holding…
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Bulls eye daily cloud top after 1.1444 Fibo barrier was taken out
The Euro remains bid in early American session on Monday and establishes above broken 1.1444 pivotal Fibo barrier.
The pair advanced 0.6% since Monday’s opening and pressures initial target at 1.1478 (100SMA) with pivots at 1.1496/1.1515…
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Recovery extension eyes pivotal barriers at $49.89/$50.00
WTI oil holds in green for the fifth consecutive day on Monday, in extension of recovery from December’s multi-month low at $42.36.
Fresh advance probes through $49.00 round-figure barrier and cracked falling 30SMA ($49.23) after Friday’s…
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Recovery is losing traction and increasing risk of fresh weakness
Recovery from last-week’s sharp fall is losing traction despite Friday’s bullish candle (the first after five straight days in red) and close above Fibo barrier at 108.07 (38.2% of 113.70/104.59 bear-leg).
The dollar was weaker across the…
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Recovery extension probes through Fibo barrier and eyes daily cloud
The Australian dollar maintains positive tone on Monday and extends recovery, following Friday’s strong rally (up 1.6%) which completed reversal pattern on daily chart.
Fresh advance probes through pivotal barrier at 0.7131 (Fibo 61.8% of…
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Completion of reversal pattern keeps n/t focus at the upside
Cable holds positive tone on Monday but so far holding within narrow consolidation, following Thursday’s long-tailed Hammer and strong rally on Friday which completed reversal pattern on daily chart.
Strong bullish momentum and 10/20/30SMA…
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Bulls regain momentum and pressure key 1.1444 Fibo barrier
The Euro extends recovery in early Monday’s trading after Friday’s long-legged Doji, which signaled strong indecision but generated bullish signal on repeated close within thick daily cloud.
Fresh advance is supported by strong bullish…
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Doji reversal pattern is forming on weekly chart and could be a signal for stronger correction
WTI oil extended recovery on Friday, boosted by fresh optimism over US/China trade talks and stronger than expected China’s Services PMI (Dec 53.9 vs 52.9 f/c).
Fresh bullish acceleration broke above falling 20SMA ($48.18) with Friday’s…
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Huge Hammer may signal stronger recovery; today’s key events eyed for further signals
The pair holds in green on Friday on optimistic signals about US/China talks which reduced safe-haven demand and put yen under pressure after five straight days of rallying.
Very strong downside rejection on Thursday suggests that bears…
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