Consolidation after strong four-day rally
The Euro is consolidating in early Wednesday's trading, following strong bullish acceleration in past four days.
Rally from 1.1300 (15 Aug low) hit high at 1.1600 on Tuesday, but failed to close above falling 30SMA (1.1589) and Fibo 61.8%…
Read More...
Read More...
Near-term tone firmed but cloud base / 10SMA still cap
The greenback firmed in late Asian trading after being hurt by fresh political case in the US and retests daily cloud base 110.52, which capped Monday's recovery attempts.
Barrier is reinforced by falling 10SMA (110.65), with firm break…
Read More...
Read More...
Bulls face strong headwinds at falling 10SMA
Bulls are taking a breather on Tuesday, following two days of strong rally on softer dollar, after failing to take out barriers at $1194/95 (falling 10SMA / Fibo 61.8% of $1217/$1160 bear-leg).
North-heading momentum and slow stochastic…
Read More...
Read More...
Tight range between 10 and 200SMA needs direction signal
WTI oil holds within tight range on Tuesday, extending choppy and directionless mode into third straight day.
Mixed fundamentals keep the price without clear direction, as expected impact on sanctions on Iran were offset by concerns about…
Read More...
Read More...
Recovery extension cracks strong 20SMA barrier as Aussie receives fresh boost from weaker greenback
Reversal from 0.7202 (15 Aug low) extends into fourth straight day and probed through important barrier at 0.7357 (falling 20SMA / Fibo 61.8% of 0.7453/0.7202 bear-leg) but so far without clear break higher.
Further hesitation here could…
Read More...
Read More...
Bears show strong hesitation at key 110.00/109.85 supports
The pair is consolidating after strong two-day fall which resulted in close below daily cloud.
Today's extension lower probed below key supports at 110.00/109.85 zone (double-Fibo / 100/200SMA's), but dip was so far short-lived, showing…
Read More...
Read More...
Extended recovery faces strong headwinds from 20SMA / weekly cloud base
The Euro extends recovery rally into fourth straight day, supported by softer dollar and cracked very strong barriers at 1.1542/45 (falling 20SMA / weekly cloud base).
The single currency received additional boost from comments of…
Read More...
Read More...
Renewed downside risk after strong recovery rejection
WTI oil price stands at the back foot at the beginning of the week, following fall after strong upside rejection on Friday, weighed by weak industrial data from China and concerns over emerging market economies, with focus on Turkey.…
Read More...
Read More...
Extended recovery on eased tensions / strong demand, but overall picture remains bearish
Copper price hit new recovery high at $2.6810 on Monday, in extension of two-day rally from last week's low at $2.5510 (the lowest since June 2017.
Easing trade tensions between the US and China, as well as signs of stronger demand,…
Read More...
Read More...
USDJPY – consolidation above daily cloud base
The pair holds in green on Monday and consolidating above daily cloud base which contained Friday's fall.
Cloud base lays at 110.45 and marks pivotal support, break of which would expose psychological 110 support, reinforced by Fibo 61.8%…
Read More...
Read More...