AUDUSD – negative outlook while falling 20SMA caps
The Aussie dollar stands at the back foot on Friday, with upside being repeatedly capped by falling 20SMA (0.7528) and fresh weakness probing through hourly cloud (0.7519/0.7497).
Initial bearish signal is generating on formation of…
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EURUSD holds in narrowing consolidation around 1.18 handle
The Euro trades within narrowing consolidation above new five-month low at 1.1763 and moving around 1.18 handle in early Friday's trading.
Mixed signals from momentum and MA's and oversold slow stochastic signal further consolidation.…
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GBPUSD – directionless trading extends
Cable remains within narrow range and holds in directionless mode for two weeks, lacking stronger direction signal.
Thursday's recovery attempts probed above 200SMA (1.3556) which marks pivotal barrier, but failed to close above and…
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USDJPY – bulls may extend to 112 zone after break of 110.87 Fibo barrier
The pair maintains firm tone and hit new four month high in early Friday's trading as extension of week-long bull-leg from 109.20, probed above strong Fibo barrier at 110.87 and cracked psychological 111 resistance.
Positive momentum and…
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COPPER – recovery attempts face strong headwinds from daily cloud top barrier
Copper extended recovery into second straight day on Thursday, but gains faced strong headwinds from significant barrier at $3.1033 (daily cloud top / Kijun-sen).
Price pulled back on fresh strength of the US dollar and concerns about…
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WTI OIL hits new 3 ½ year high on break above $72
WTI oil broke above psychological $72 barrier and hit new high at $72.15 (the highest since Nov 2014) on Thursday.
Persisting geopolitical tension keep oil price supported with fall in US crude stocks (EIA report on Wednesday) adding to…
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AUDUSD – data-inspired rally cracks 20SMA but without clear break so far
The Aussie dollar rose to 0.7547 on Thursday, driven by solid Australian jobs data and extending strong rally on Wednesday which left a higher base at 0.7447 (Tue/Wed lows).
Strengthening momentum and 5/10SMA bull-cross are supportive for…
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USDJPY – extension above 200SMA pressures key Fibo barrier at 110.87
Fresh bullish acceleration on Thursday neutralizes initial negative signal on Wednesday's Hanging Man candle and moves towards next pivotal barriers at 110.84/87 (27 Nov low / Fibo 61.8% of larger 114.73/104.63 fall).
Repeated close above…
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GBPUSD – recovery attempts attack 200SMA but without firm break for now
Cable cracked 200SMA barrier on fresh upside attempts in early Thursday's trading after repeated rejection at near-term congestion floor on Tue/Wed.Sterling received fresh support from news the UK is prepared to stay in EU customs union…
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EURUSD – bears show strong hesitation at 1.18 zone; bearish outlook below falling 10SMA
The Euro probed again below 1.18 handle in early European trading, but limited downside keeps the so far within 1.1792/1.1837 session range.
Outlook remains negative, but bears may show further hesitation at 1.18 zone as yesterday's…
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