Bearish outside day adds to negative outlook ahead of PM May’s reveal of Brexit’s plan B for
Cable ticked lower in early European trading, after narrow-range trading in Asia on Monday, but remains at the back foot following Friday’s 0.9% fall after repeated rejection at psychological 1.30 barrier.
Sterling was hit by weak UK…
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US/China optimism keeps Aussie afloat despite repeated rejections at cloud base
The trades within narrow range on Friday, but the sentiment remains positive on US/China talks optimism, keeping the downside limited.
Thursday’s spike to 0.7221 following a news report was short-lived and the action again ended below…
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Bulls look for 110.00+ after clearing 109.15 pivot
The pair extends recovery to new two-week high at 109.59 on Friday after bullish signal was generated on Thursday’s close above 109.15 pivot (daily Kijun-sen / 50% retracement of 113.70/104.59).
The greenback was boosted by better than…
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Bears look for extension below 55SMA / daily cloud base after consolidation; cloud top to cap…
The Euro holds in consolidative mode above new two-week low at 1.1370, posted on Thursday, as bears repeatedly failed to clearly break below 55SMA (1.1382) despite bearish signal generated on the second straight close below 1.1392 Fibo…
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Sterling advances on improved sentiment; extension towards 200SMA seen after consolidation
Cable is consolidating under psychological 1.30 barrier which was cracked on Thursday’s 0.8% advance.
Eventual break above three-day congestion signaled continuation of recovery phase from 12 Dec 1.2476 low.
Sterling was boosted by…
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Oil price remains within triangular consolidation
WTI oil eases in early trading on Thursday, following report about new record high in US oil production, which soured the sentiment.
EIA report showed stronger than expected draw in US weekly crude inventories (-2.6 mln bls vs 1.3 mln bls…
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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.…
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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…
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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…
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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…
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