Firmer direction signals on break of 20SMA or daily cloud base
The Australian dollar holds in tight range on Thursday, following bearish close below near-term congestion floor / 100SMA support (0.7176) on Wednesday, as rising thick 4-hr cloud (0.6970/0.7178) limits dips and strongly underpins.…
Read More...
Read More...
Strong barrier at 109.15 caps for now and keeps the pair in extended sideways mode
The pair stands at the back foot in early European trading following repeated failure at pivotal 109.15 barrier (daily Kijun-sen / 50% retracement of 113.70/104.59 descend).
Falling 20SMA (109.49) reinforces resistance as momentum and RSI…
Read More...
Read More...
Stall signal on repeated rejections at 100SMA; loss of 1.2820 support to risk pullback
Cable remains directionless in early Thursday's trading after Tuesday's turbulent action on parliament's rejection of Brexit plan and no significant reaction on Wednesday's no-confidence vote which PM May's government survived.
The action…
Read More...
Read More...
Extended triangular consolidation looks for fresh direction signal
WTI oil stands at the back foot in early US trading on Wednesday, after recovery attempts in Asian session which peaked at $52.50, were short-lived.
Tuesday’s bullish outside day pattern provided little support to oil price which stays…
Read More...
Read More...
Bears look for daily close below key 200SMA / Fibo supports to resume
The cross extends lower and probes below key supports at 0.8871/60 (daily cloud base / 200SMA on Wednesday.
Bearish candle with long upper shadow which was left after strong upside rejection and subsequent fall on Tuesday weighs, keeping…
Read More...
Read More...
Risk of pullback increases after repeated failures at daily cloud base
The Australian dollar probes through 55/100SMA support zone (0.7196/76) on fresh weakness triggered by stronger greenback.
Multiple rejections at daily cloud base (0.7207) in past few sessions signaled that recovery rally from 3 Jan spike…
Read More...
Read More...
Optimism returns after short-lived negative impact from Brexit plan parliamentary rejection
Cable maintains positive tone and returns to 1.29 zone post-vote recovery high in early European trading on Wednesday.
The negative impact from parliamentary defeat of PM May’s Brexit plan, although strong on unexpected margin of defeat…
Read More...
Read More...
Mixed near-term outlook while the price holds between 55 and 10SMA’s
The Euro consolidates after strong fall on Tuesday which generated negative signals on close below daily cloud top / 20SMA (1.1433/20) but failed to clearly break below significant Fibo support at 1.1392 (50% retracement of 1.1215/1.1569…
Read More...
Read More...
Directionless mode between 55/100SMA’s and daily cloud base
The Australian dollar eased on Tuesday, pressured by reduced risk appetite but remains within narrow range that extends into third day.
Recovery rally from spike low at 0.6706, posted after 3 Jan flash crash, faces strong headwinds from…
Read More...
Read More...
Positive tone above 10SMA but falling daily cloud continues to weigh
WTI oil edged higher on Tuesday and holding above $51 handle as two-day pullback from new recovery high at $53.29 stalled on approach to psychological $50 support.
Near-term picture remains bullish but recovery leg from $42.36 low was so…
Read More...
Read More...