Extended sideways mode after failure at daily cloud top
The pair holds in sideways mode for the third straight day, after rally from 109.77 (21 Aug low) failed to break above daily cloud top (111.62).
Strengthening momentum maintains bullish bias as the downside is protected by converged…
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Bullish outlook above 20SMA
Two-day rally from 1.2799 (24 Aug trough) show hesitation at 1.2900 barrier on Tuesday, as Asian trading was shaped in Doji candle.
Technical studies remain positive (momentum is breaking into positive territory; slow stochastic is heading…
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Bulls penetrated daily cloud; eye key barrier at 1.1750
The Euro maintains bullish tone and extends bull-leg from 1.1530 higher base into third straight day.
Bulls pressure psychological 1.1700 barrier, break of which would open next key barrier at 1.1750 (daily cloud top / July's lower…
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Turkish lira under renewed pressure after markets in Turkey re-open after holidays
The USDTRY pair rose to 6.22 level on Monday, as markets in Turkey reopened after week-long holiday.
The lira was down 3.5% on Monday and attempts to break out of last week's narrow range.
The outlook remains negative for lira on…
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Safe-haven appeal hit by fresh risk appetite
Spot Gold consolidates within narrow range on Monday, following last Friday's strong rally which marks the biggest one-day gains since 21 Mar.
Yellow metal's safe-haven appeal seems to be fading as investors turned to the US dollar on…
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Bulls face strong headwinds from barriers at $68.60 zone
WTI oil price is holding within tight range on Monday and struggling at strong barriers at $68.60 zone (Fibo 38.2% of $75.34/$64.43 descend / converging 10/55SMA’s) which were cracked on Friday, but without clear break.
Friday’s daily…
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Falling 20SMA continues to cap; 10SMA marks key support
Attempts to extend Friday's strong recovery rally were repeatedly capped by falling 20SMA on Monday, but the pair keeps bid on renewed risk appetite.
Daily MA's are mixed but weakening momentum and south-heading slow stochastic keep the…
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Hesitation at daily cloud top keeps risk of reversal in play
Early Monday's action holds in red after last week's three-day recovery rally stalled on approach to daily cloud top and Friday's action ended in Doji candle, signaling bulls might be running out of steam.
The dollar came under pressure…
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Direction signal on break of converging 10 or 20SMA
Cable holds in tight range and directionless mode in early Monday's trading, as falling 20SMA (currently at 1.2868) continues to cap, but pullback from recovery high at 1.2936 (22 Aug) has so far been contained by north-turning 10SMA…
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Bulls show hesitation at daily cloud base
The Euro moved lower at the beginning of the European session after hitting four-week high at 1.1653 in Asia, as the greenback opened lower on Monday after Fed chief Powell's speech on Friday was seen less hawkish than expected and…
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