WTI – recovery attempts to form reversal pattern
WTI oil moved higher on Monday, bouncing to session high $68.50, recovery attempt from last Friday’s spike low at $66.85.
Repeated strong downside rejection and Friday’s long-tailed Doji, with today’s acceleration higher are signaling…
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Aussie looks for psychological 0.70 support after pivots at 0.7160 zone were broken
The Australian dollar recovers briefly on Monday, on bounce from new low at 0.7098 (the lowest since 15 Feb 2016) to 0.7126 (session high), but the move could be seen as consolidation before broader bears resume.
Last Friday’s eventual…
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USDJPY – directionless mode within thick daily cloud likely to extend
The pair holds in the middle of thick daily cloud on Monday, following swings up and down which resulted in strong rejections on both cloud boundaries.
This suggest the price may hold in extended range within the cloud, which remains wide…
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Cable is expected to hold in directionless mode while between 20 and 55SMA; series of data could be…
Cable ticked higher in early European trading on Monday, after holding in tight range in Asia. Directionless mode was signaled by long-legged weekly Doji candle and is likely to extend after last Friday's strong upside rejection at falling…
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Bearish outlook below 30SMA / weekly cloud base
The Euro stands at the back foot in early Monday's trading and hit new three-week low at 1.1526, maintaining negative tone for further weakness.
Strong bearish signals on last Friday's close below pivotal supports at 1.1568 (30SMA / Fibo…
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Strong US and weak Canadian jobs data boost USDCAD pair
The dollar surged across the board after US Non-farm payrolls beat forecast in Aug, with 201K new jobs created vs forecasted 191K and downward-revised previous month's release to 147K.
Unemployment rate remained unchanged at 3.9% despite…
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Oil price in tight consolidation after strong fall in crude stocks reduced bearish pressure
WTI oil is consolidating on Friday after three days of strong losses when the price fell from $71.38 (04 Sep spike high / strong upside rejection) to $66.99 (two-week low).
Turbulent situation in emerging markets and rising fears of…
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Aussie maintains bearish tone and looks for weekly close below key 0.7160 support zone
The Australian dollar fell on Friday and erased gains of past two-day recovery attempts, posting new marginally lower low at 0.7137.
Overall structure remains bearish and weighed by turmoil in emerging markets and uncertain outlook for…
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USDJPY fresh bears probe below daily cloud base after report of US-Japan trade conflict
The pair holds in red on Friday and probed below daily cloud base (110.64), following strong fall on Thursday (down 0.69% for the day in the biggest one-day fall since 20 July).
The pair plunged on report suggesting that Japan would be the…
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Mixed signals ahead of US jobs data
Cable was flat in Asia and started to gain traction in early Europe, maintaining slight bid tone, despite strong upside rejections in past two days.
Easing momentum conflicts bullish setup of MA's (10/20/30), as US payrolls are eyed for…
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