WTI OIL – consolidation above daily cloud base to preceded fresh downside
WTI oil price is slightly higher in early Tuesday’s trading, consolidating strong fall of past three days. Oil was down nearly 5% on last Thu/Mon fall from $68.26 to $64.57, being under strong pressure on rising US production and concerns…
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USDJPY may show further hesitation ahead of key Fibo / 200SMA barrier at 110.15
The pair holds positive tone on Tuesday and eyes key barrier at 110.15 (Fibo 61.8% of 111.39/108.11 bear-leg, reinforced by 200SMA).
Monday’s close above a cluster of barriers between 109.40 and 109.80 (consisting of 10/30/20SMA’s and…
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GBPUSD holds within tight range; UK Services PMI could provide fresh direction signal
Cable is moving around falling 10SMA (1.3315) and holding within narrow range on Tuesday, after Monday’s action stalled on approach to key barrier at 1.3410 (falling 20SMA / 50% retracement of 1.3617/1.3204).
Subsequent easing resulted in…
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EURUSD – positive tone above 10SMA focuses next key barrier at 1.1753
The Euro moves within tight range in early Tuesday’s trading but maintains positive tone after bullish signal was generated on eventual close above falling 10SMA and Fibo 38.2% of 1.1996/1.1509 bear-leg on Monday.
Scope exists for renewed…
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AUDUSD – bulls consolidate under falling daily cloud; no impact from RBA
The Aussie dollar eases in early trading on Tuesday, consolidating Monday’s strong advance (the biggest one-day rally since 21 Mar). The pair was up 1.10% on Monday, driven by upbeat Australian data and weaker greenback.
The RBA released…
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SPOT GOLD – 10SMA to cap consolidation and keep bearish bias
Spot Gold moved higher in European session and retested session high at $1297, posted in early Asian trading on Monday supported by softer dollar.
The yellow metal was down around $16 in past two days, with stronger acceleration lower seen…
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WTI OIL – consolidation is expected to precede fresh weakness; daily cloud top to cap upticks
WTI oil price is slightly higher in early hours of European trading on Monday after dip in Asia found footstep just above last Friday’s low at $65.49 (also 50% retracement of $58.06/$72.89 bull-leg, supported by 100SMA at $65.31).
Oil…
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USDJPY recovery faces strong headwinds from 20SMA barrier
The pair faces headwinds from strong 109.75 barrier (20SMA / daily Kijun-sen / 50% retracement of 111.39/108.11 bear-leg) in early Monday’s trading.
Strong post-US data rally on Friday stalled here and today’s renewed attack was capped,…
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EURUSD needs close above two-day congestion top to generate stronger bullish signal
The Euro holds positive tone in early Monday’s trading and probes again above cracked pivotal barriers at 1.1672 (10SMA) and 1.1695 (Fibo 38.2% of 1.1996/1.1509 bear-leg).
However, the pair is still holding within the range of past two…
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GBPUSD – recovery may extend after break above 10SMA
Cable stands at the front foot at the beginning of the week and broke above Fibo barrier at 1.3362 (38.2% of 1.3617/1.3204 bear-leg) after Friday’s trading closed above 10SMA (1.3332) and generated bullish signal.
Repeated close above…
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