Pullback found solid support at 200SMA; Fed comments eyed for fresh signals
Cable is consolidating above 200SMA in early Wednesday’s trading, following 0.7% fall on Tuesday after UK lawmakers voted down an amendment to extend the deadline for Britain to leave EU.
Pullback from last Friday’s multi-week high at…
Read More...
Read More...
Recovery from 200SMA struggles to extend and keep risk of fresh weakness in play
Monday’s close above daily close base, following bounce after short-lived probes below 200SMA, was initial positive signal.
Recovery extension cracked converged 55/30SMA’s (5.3358 / 5.3459) but without clear break for now.
Fears that lira…
Read More...
Read More...
Gold advances on safe-haven demand ahead of key macroeconomic events
Spot gold extends advance to new nearly nine-month high at $1309 on Tuesday, after Monday’s Doji candle signaled a pause after last Friday’s 1.7% rally (the biggest one-day gains since 11 Oct 2018).
The yellow metal benefits as traders…
Read More...
Read More...
Oil price regains traction on Venezuela’s sanctions but risk of deeper pullback exists
WTI oil price edges higher on Tuesday after previous day’s strong fall was rejected just above daily cloud base and today’s action is supported by formation of 20/55SMA bull cross.
However, weakening momentum on daily chart warns of…
Read More...
Read More...
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...