EURUSD – increased downside risk seen on break below 1.1720/13 pivots while 30SMA caps; Fed in…
The Euro stands at the back foot in early Wednesday's trading, following previous day's close in red and fourth straight failure to close above falling 55SMA.
Firmer dollar ahead of today's FOMC rate decision adds to rising pressure on the…
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EURUSD likely to hold in directionless mode until the ECB but the risk of fresh weakness exists…
The Euro holds in directionless mode on Tuesday, unable to finally break above falling 30SMA pivot, but strong downside rejection earlier today signaled that the downside is protected for now.
Bullish setup of daily techs and strengthening…
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COPPER correct on profit taking after nearly 7% rally
Copper stands at the back foot on Tuesday after strong fall on Monday, when the metal was down nearly 1.5%.
Profit-taking on almost 7% rally in six-days, which was driven by fears of significant reduction in supply from the world's biggest…
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USDTRY extends recovery, forming a higher base at 4.45 zone
The USDTRY extends recovery from post-CBRT low at 4.4507, as lira ran out of steam after being boosted by central bank's rate hike last week.
Initial signal of formation of higher base at 4.45 zone is generating after lira failed to break…
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WTI OIL extends recovery; eyes releases of US crude stocks data
WTI oil hit seven-day high at $66.58 in extension of recovery leg from $64.21 (05 June low).
Oil price holds in recovery mode and tracked by rising daily cloud base which contained larger pullback from $72.89 to $64.21.
Recovery retraced…
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AUDUSD remains within daily cloud and keeps bullish n/t bias
The Aussie dollar remains bid on Tuesday and holds within daily cloud, with cloud base (0.7591) marking solid support which contained overnight dip after release of news from US/NK summit.
Recovery leg from last Friday's spike low at…
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GBPUSD mixed daily techs require direction signal
Cable bounced from daily low at 1.3341 on Tuesday, failing to clearly break below rising 10SMA (1.3364) as rising 4-hr cloud top contained dip and continues to support.
Pullback from 1.3472 high is facing headwinds, as rising momentum…
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EURUSD – renewed probe above 30SMA keeps bullish bias intact
The Euro regained traction and moved higher in early Europe after dipping to 1.1741 on US/NK summit news.
Fresh strength probes again through falling 30SMA (1.1789) after attempts in past three days failed to close above and generate…
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USDJPY rallies above 200SMA on optimistic tone from US/NK summit
The pair jumped to three-week high at 110.49 in Asia and holds high levels in early European trading on Tuesday, as dollar rose on optimistic tones from historic US / North Korea summit.
Rising optimism about the final deal for the Korean…
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USDTRY – post-CBRT bearish acceleration is running out of steam; focus turns to Fed
The USDTRY pair moved higher on Monday after post-CBRT weakness found just above previous low at 1.4473 (30 May) and was contained by rising 30SMA (4.4503) today.Positive impact on CBRT rate hike last week was so far limited as the pair…
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