Bears probe again below daily key cloud base / Fibo support; Fed decision to give fresh signals
The pair holds in red for the fourth straight day and returns below daily cloud after bears failed to close below key supports at 112.46/40 (daily cloud base / Fibo 61.8% of 111.37/114.20 / 100SMA) on Tuesday, despite spike to…
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Sterling is holding between 10 and 20SMA’s and awaiting signal from UK CPI data
Cable stands at the front foot and holding under Asian session high at 1.2678, ahead of release of UK CPI data.
Strong upside rejection on Tuesday at 1.2700 zone (Fibo 61.8% of 1.2839/1.2476 / falling 20SMA) warns of recovery stall, as…
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Bulls probe again into daily cloud ahead of Fed
The Euro holds bid tone on Wednesday ahead of today’s key event – Fed policy decision.
Fresh bullish acceleration in early European trading penetrates thick daily cloud, after Tuesday’s violation of cloud base was short-lived.
Fears of…
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Pound benefits from weaker dollar but break above 1.2700 zone is needed to confirm
Sterling enters US session at the front foot after hitting one-week high at 1.2705 earlier, with initial positive signals being generated on break above 10SMA (1.2643) and last Thursday’s recovery high at 1.2686.
Weaker dollar on…
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Spot Gold pressures key barriers, supported by expectations of dovish Fed
Spot gold retests $1250 barrier (10 Dec high) on Tuesday, in extension of previous day’s rally, signaling full retracement of $1250/1232 corrective phase and possible continuation of larger uptrend from $1196 (13 Nov low).
Bulls eye key…
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Strong bearish sentiment keeps oil price below $50 but technical correction may precede fresh…
WTI oil holds in red for the third straight day and hit new low at $48.12 (the lowest since Sep 2017) on Tuesday, after strong bearish signal was generated on eventual break and close below psychological $50 support on Monday.
Oil prices…
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Risk of fresh weakness while 10SMA caps recovery attempts
The Australian dollar regained traction on Tuesday and bounced from daily cloud which repeatedly contained attacks in past sessions.
Fresh strengths emerges from concerns about dovish Fed on Wednesday, as well as minutes of RBA’s last…
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Steep fall accelerates on expectations of dovish Fed and pressures key supports at 112.23/04
The pair extends steep fall from 113.70 high (13 Dec) into third straight day broke below daily cloud which was penetrated on Monday.
Break of strong support at 112.46 (daily cloud base / Fibo 61.8% of 111.37/114.20 rally) opened key…
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Initial bullish signal on close above 10SMA but larger bears would be sidelined by lift above 20SMA
Cable ticked higher in early European trading on Tuesday and probes above key barrier provided by falling 10SMA (1.2641), which limits upside attempts since 13 Nov and maintains bearish short-term bias.
Fresh near-term bullish sentiment is…
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Fresh bulls may face strong headwinds from thick falling daily cloud
The Euro maintains positive tone in early Tuesday’s trading and probes above converged 10;20;30SMA’s and Monday’s high at 1.1354/58 zone.
Bullish near-term bias on strong downside rejection last Friday (triple-bottom is forming at 1.1270…
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