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...
Aussie extends Friday’s strong rally but daily cloud caps gains for now
The Aussie advanced further in Asian trading on Monday, in extension of last Friday’s strong rally that generated positive signal on formation of bullish engulfing pattern on daily chart.
Bulls were also attracted with today’s twist of…
Read More...
Read More...
Friday’s bullish outside day underpins but bulls remain capped by daily cloud top for now
Attempts to extend last Friday’s strong rally (0.9%) in early Monday’s trading faced strong headwinds from barriers at 1.1411/18 (20SMA / daily cloud top) and stays capped for now.
Bullish outside day pattern formed on Friday generated…
Read More...
Read More...
Bulls consolidate under new high ahead of Tuesday’s Brexit vote
Cable consolidates under new 15-week high at 1.3217, posted on Friday after the biggest one-day rally in 2019 when the pair was up 2.5%.
Sterling rallied on newspaper report that Northern Ireland's DUP party has decided to back PM May's…
Read More...
Read More...
Fresh bullish acceleration clearly breaks above 200SMA; cable on track for the biggest weekly gains…
Cable accelerated to 11-week high in early American session trading on Friday and cracked key Fibo barrier at 1.3153 (38.2% of 1.4376/1.2397 Apr/Jan fall), boosted by renewed Brexit optimism and weaker dollar across the board.
Fresh rally…
Read More...
Read More...
Strong rebound returns to daily cloud and neutralizes bearish threats
The Euro accelerates strongly up in early US trading on Friday, boosted by lower dollar and after markets digested dovish signals from ECB.
Fresh advance fully reversed Thursday’s fall and returned back to daily cloud, sidelining downside…
Read More...
Read More...
Fresh advance turns focus towards pivotal $1300 resistance zone
Spot gold surged to one week high at the beginning of American session on Friday as US stocks rose on upbeat earnings reports, sending the greenback lower across the board.
The yellow metal accelerated higher and emerged from four-day…
Read More...
Read More...
Oil edges higher on concerns about output disruption but key barriers are still intact
WTI oil ticked higher on Friday and eventually penetrated thick daily cloud after cloud base capped attempts in past few sessions.
Fresh boost for oil price came from political turmoil in Venezuela that raises concerns about potential…
Read More...
Read More...
Pivotal 110 barrier is under pressure but resists for now
The pair maintains positive near-term tone and ticked higher on Friday’s Asian / European trading, holding in the upper part of week-long 109.05/109.99 congestion and pressuring key barrier at 110.00 (psychological resistance…
Read More...
Read More...
Bounce is seen as positioning for fresh weakness; daily cloud base to cap upticks
The Euro edged higher in early Friday’s trading as traders booked profit after Thursday’s 0.7% daily fall, sparked by dovish stance from ECB chief Mario Draghi, who highlighted further downside risk and weaker than expected near-future…
Read More...
Read More...