Techs warn of reversal but risk of bearish continuation while below 20SMA
The pair stands at the back foot on Tuesday after Monday’s action ended in long-tailed Doji after spiking to 110.75 but closing above rising 20SMA (111.31).
Recovery attempts in early European trading were capped by thick hourly cloud…
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Negative outlook below 10SMA
Cable bounces from the session low at 1.3071, following failure on initial attempt below 5SMA pivot (1.3084, now in sideways mode).
Recovery attempts need to hold below falling 10SMA (1.3141) to keep negative tone, supported by weakening…
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Positive German data eased downside pressure; EU PMI eyed for fresh signals
The Euro moved lower in late Asian / early European trading as dollar firmed on expectations the Fed would continue with rate hikes despite President Trump’s criticism.
Repeated failure at daily cloud base and bearish close on Monday (red…
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Heavy tone after bulls were capped by falling 10SMA
Cable holds at the back foot in early hours of the US trading after attempts to extend strong rally of last Friday were capped by falling 10SMA (1.3158) also 50% retracement of 1.3362/1.2957 bear-leg.
Bids at 1.31 zone (round-figure,…
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Risk of break below 20SMA pivot after another rejection at 0.7440 barrier
The Australian dollar stands at the back foot on Monday and eases below 0.74 handle, following another rejection at strong 0.7440 resistance zone (triple failure was registered last week), as attempts to extend Friday's strong rally lacked…
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Downside pressure eases but directionless while between 100/55SMA’s
WTI oil price moved higher on Monday after Friday's trading ended in Doji with long upper shadow, signaling stabilization and sidelining downside risk.
Oil price rose after weekend's G20 meeting pointed on rising concerns about global…
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Extension of Friday’s strong rally probes into thick daily cloud
The Euro probes into thick daily cloud on Monday, in extension of strong rally last Friday which completed Doji reversal pattern on daily chart.
Extended weakness of the dollar keeps the single currency supported, along with bullish techs,…
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Bullish engulfing underpins recovery but plethora of MA’s mark strong barriers
Cable holds firm tone on Monday and extends last Friday’s strong rally, which formed bullish engulfing pattern on daily chart and underpinning the advance.
Sentiment is mixed as Brexit talks continue to weigh while further dollar’s…
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USDJPY holds in red for the third straight day; hits two-week low on Trumps comments
The pair fell to two-week low at 110.75 in early Monday's trading, extending last Thu/Fri strong weakness, sparked by President Trump's criticism of high dollar Fed's tightening.
Trump's messages over the weekend, when he criticized the…
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Loonie rallied strongly after upbeat Canadian data
The Loonie surged against the US dollar around hundred pips on Friday after upbeat Canadian economic data on Friday
Annualized inflation rose 2.5% in June, beating forecast for 2.4% rise while core CPI (which excludes gasoline was up 0.1%…
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