Recovery attempts need clear break above 10SMA to signal further advance
The Australian dollar bounced on Tuesday as stocks stabilize and signs of easing US / China trade tensions offered fresh support.
Three-day fall from 0.7302 high hit two-week low at 0.7164, where bears were contained by 55SMA and…
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Bulls probe again above 114.00 following repeated failure
The pair maintains bullish tone and probes again above 114.00 barrier, where upside attempts were repeatedly rejected in previous sessions, keeping the price congested within 114.10/113.60 consolidation.
The dollar remains well supported…
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Bears consolidate after strong fall on Monday; German ZEW data not expected to impact overall…
The Euro holds in recovery mode in early Tuesday's trading after suffering strong losses on Monday (down 0.9% for the day in the biggest one-day fall since 27 Sep).
Bounce from new multi-month low at 1.1215, posted on Monday, showed…
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Strong UK jobs data could boost recovery but Brexit remains key driver
Cable bounces from new nearly two-week low at 1.2827, hit on Monday after the pair registered loss of 2.10% in past three sessions, on steep fall driven by increased Brexit concerns.
Today's recovery attempts were triggered by…
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WTI bounces on news about lower output but recovery was so unable to hold gains
WTI oil price bounced on Monday after hitting new multi-month low at $59.25 last Friday, as news that Saudi Arabia will reduce its output in December by 500,000 barrels per day.The announcement on output cut due to seasonal lower demand,…
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Extended bears pressure daily cloud base
The Australian dollar extends weakness into third straight day and hit new one-week low on Monday.
Probe below pivotal support at 0.7195 (Fibo 38.2% of 0.7020/0.7302) reinforced by rising 10SMA, could generate fresh bearish signal on daily…
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Bulls may consolidate further before final push towards target at 114.54
The pair stands at the front foot on Monday and probed above last week's double-top at 114.08, but so far without clear break.
Near-term action is holding above broken Fibo barrier at 113.80 (76.4% of 114.54/111.37) which also contained…
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Eventual break below key 1.1300 zone supports risks extension towards 1.1186/09
The Euro hit the lowest levels since late June in early Monday's trading, as strong bearish acceleration at the beginning of the week broke below key supports at 1.1311/00 (200WMA / 15 Aug / 31 Oct lows).
Stepp fall after strong upside…
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Sterling starts the week with gap lower on rising Brexit concerns
Cable opened with gap-lower on Monday and accelerated lower, extending steep fall into third straight day.
Sterling stays under increased pressure as dollar strengthens across the board on hawkish Fed and signs of rate hike in December,…
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WTI extends free fall below psychological $60 support
WTI oil holds firmly in red for the tenth straight day on Friday and hit new nine-month low on break below psychological $60 support.Free fall is expected to extend as oil price is on track to end fifth consecutive week in red.Friday's…
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