Repeated upside rejection under 10SMA and Monday’s Hanging Man are negative signals
WTI oil price eases on Tuesday, signaling that near-term corrective phase off $54.74 (new one-year low, posted on 13 Dec) might be running out of steam after being repeatedly rejected under pivotal barrier provided by falling 10SMA.…
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Bulls expected to remain in play while dips hold above daily cloud
The Australian dollar dipped further on Tuesday, following Monday's close in red, the first after strong four-day rally, which signaled bulls might be running out of steam.
Today's extension lower was triggered by lower stocks and hawkish…
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Bears could test daily cloud base as Friday’s long bearish candle weighs
The pair continues to trend lower, extending steep fall into third straight day and looking for test of daily cloud base (112.16) after fresh bearish extension on Tuesday broke below 112.45 pivot (Fibo 61.8% of 111.37/114.20) and generated…
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Strong headwinds from Mon high / double-Fibo barrier keep the upside limited ahead of Carney’s…
Cable stands at the front foot in early Europe on Tuesday but so far unable to clear Monday's high at 1.2883.
Bulls face headwinds here and from double-Fibo barriers at 1.2895/97 (38.2% of 1.3174/1.2722 & 50% of 1.3071/1.2722).…
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Bulls eye targets at 1.1499 and 1.1515 as greenback did not react on optimistic tone from…
The Euro wakes up in early European trading on Tuesday and ticks higher after the action in Asia was quiet and moved within tight range.
The pair remains in green for the sixth straight day and looks for extension of bull-leg from 1.1215…
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Brent comes under renewed pressure on oversupply fears and fading hopes about production cut
Brent oil dipped to session low at $65.26 on Monday, as fresh weakness following three-day recovery stall retraced the largest part of $64.63/$68.35 recovery rally.
With fading support on expectations that OPEC and Russia would cut output…
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Monday’s action was so far shaped in long-legged Doji, signaling indecision
Cable fell around 85 pips in mid-European session on Monday after being hit by latest Brexit comments, as PM May said she doesn't want to extend post Brexit transition period.
May wants transition to be completed before national election…
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Lira maintains bullish near-term tone and eyes 200SMA support at 5.1067
The USDTRY pair holds in red for the fourth straight day on Monday and is on track to fully retrace 5.3015/5.5412 correction after bulls were trapped at important 5.50 resistance zone.
Turkish lira maintains firm tone despite last week’s…
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Recovery runs out of steam as signals of global production cut need confirmation
WTI oil price stands at the back foot on Monday and eased below $57 in European session after Friday’s Doji candle signaled that three-day recovery might be running out of steam.
Oil prices regained ground after being down 25% in past one…
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Bulls pause on soured US-China relations but remain in play above daily cloud
The Australian dollar attempts to consolidate after gap-lower opening on Monday on soured relations between the US and China, over weekend’s APEC meeting.
Higher Asian stocks helped Aussie to regain some ground but was unable to fill the…
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