Pullback off new 4-year high is seen as correction before larger bulls continue
Brent oil extends pullback from new four-year high at $86.73 and broke below initial support at $83.35 (rising 10SMA), receiving negative signal from market expectations that part of Iranian oil export would continue after the US reimposes…
Read More...
Read More...
Fresh safe-haven demand lifts yen; key 200WMA support under pressure
The dollar remains in red against yen and accelerated further down on Monday, extending losses of past two days after broader rally stalled at 114.54, where a double-top was left.Today's fresh weakness broke below initial support at 113.52…
Read More...
Read More...
Daily cloud top to contain pullback and keep bullish bias
Cable eases on Monday after strong two-day rally on Thu/Fri, driven by positive Brexit news hit high at 1.3132.
Near-term structure is bullish, along with daily Ichimoku studies, favoring further upside after correction.
Daily Tenkan-sen…
Read More...
Read More...
Bearish bias under daily cloud; Fibo support at 1.1422 in focus
The Euro stands at the back foot at the beginning of the week and maintains overall bearish bias after last week's recovery attempts were repeatedly capped by daily cloud base.
Stronger dollar on positive US jobs data and China's decision…
Read More...
Read More...
Bullish outlook above 200WMA but initial signs of pullback require caution
The dollar edged lower after US jobs data but dips were contained at 113.63 (Thursday’s low) and just above initial support at 113.52 (rising 10SMA).
Despite headline payrolls missed forecast in Sep, overall picture is positive as upward…
Read More...
Read More...
Weaker NFP boosted Euro but overall bears keep upticks limited
The Euro bounced after weaker than expected US NFP data but gains were so far capped by daily cloud which twists today (1.1545) and attracts.
Recovery might be short-lived as daily bears are firmly in play and US jobs data are overall…
Read More...
Read More...
US jobs data overall positive despite unexpected NFP fall
Market did not show stronger immediate reaction on conflicting numbers of US jobs data for September.
Non-farm payrolls dipped well below 185K expectation and hit the lowest in one year (134K), compared to 18K in Sep 2017.
Despite today’s…
Read More...
Read More...
Bulls in play above 200WMA; US NFP data to provide fresh direction signal
Thursday's close in in red on pullback from double upside rejection at 114.54 (11-month high) was so far seen as positioning for fresh advance, as dip found footstep above initial support at 113.52 (rising 10SMA).
Overall picture remains…
Read More...
Read More...
Steep descend extends and focuses psychological 0.70 support
The Aussie dollar remains in steep descend for the fourth straight day and hit new low at 0.7054 (the lowest since Feb 2016.
Thursday's close below key support at 0.7085 (11 Sep low) was strong bearish signal for continuation of larger…
Read More...
Read More...
Weak tone after recovery was capped by daily cloud; NFP data eyed
The Euro stands at the back foot in early Friday's trading, after Thursday's recovery attempt was strongly rejected and capped by daily cloud base.
Strong bearish stance which lasts for over one week, prevented the pair from stronger…
Read More...
Read More...