Break below 200SMA risks extension below psychological 1.30 support
Cable holds in red for the fourth straight day and pressures psychological 1.30 support after bearish signal was generated on eventual break and close below key 200SMA support (1.3041) on Monday, as well as completion of failure swing…
Read More...
Read More...
Bears extend into second day as cloud twist attracts
The Euro accelerated lower in early European trading after quiet mode in holiday impacted Asia, keeping in red for the second day.
Mixed results from EU members Services PMI in Jan made little impact on the pair’s performance.
Break below…
Read More...
Read More...
Aussie advances on less dovish than expected RBA, but the downside remains vulnerable
The Aussie dollar bounced after brief test of strong support provided by daily cloud top (0.7205) boosted by less dovish than expected RBA.
The central bank left interest rates unchanged as expected in the first meeting 2019, but sounded…
Read More...
Read More...
Cable retests key 200SMA support after downbeat UK data further weakened near-term structure
Cable remains in red for the third straight day and retests key 200SMA support (1.3045) on Monday, after downbeat UK construction PMI (Jan 50.6, the lowest in 10 months vs 52.4 f/c), further weakened negative near-term sentiment.…
Read More...
Read More...
Extended bulls look for clear break above pivotal $55.55 Fibo barrier
WTI oil maintains positive tone on Monday and hit new 2019 high at $55.65 (upper 20-d Bollinger band) on renewed probe through pivotal $55.55 barrier (Fibo 38.2% of Oct/Dec $76.88/$42.36 fall).
Oil advanced 2.4% on Friday, boosted by…
Read More...
Read More...
Recovery extension pressures pivotal 110 barrier
The pair extends recovery on Monday and pressures pivotal 110 barrier, as rebound after last week’s hammer reversal nearly fully retraced 110.00/108.49 pullback.
Technical studies are bullishly aligned but may lack bullish momentum for…
Read More...
Read More...
Aussie extends pullback after downbeat data; RBA in focus for fresh signals
The Aussie dollar holds in red in early Monday’s trading, maintaining negative near-term tone after last week’s rejection at 200SMA (0.7293) and Friday’s bearish outside day which was negative signal.
Downbeat Australian building approvals…
Read More...
Read More...
Pullback after multiple upside rejections still holding above strong support zone
The Euro started the week at the back foot, following strong upside rejections at 1.1500 zone in past three days, which signaled that bulls may be running out of steam.
Pivotal support at 1.1428 (Fibo 38.2% of 1.1289/1.1514, reinforced by…
Read More...
Read More...
Rally on overall good US data cracks key barriers and on trach to complete reversal pattern
The dollar rallies against yen in early hours of American session, boosted by overall positive US data released today.
US NFP surprised on 304K new jobs added in Jan, nearly doubling forecast at 165K, but the sentiment was soured by strong…
Read More...
Read More...
Tight ranges ahead US NFP; little impact from renewed risk aversion
The pair holds within tight consolidation and awaiting US jobs data for fresh signals after pullback from 110 resistance zone showed initial signs of stall.
Thursday’s strong downside rejection left daily hammer, suggesting that easing…
Read More...
Read More...