GBPUSD regains traction after strong downside rejection; upbeat retail sales to spark further…
Cable regained traction and rose above 1.34 handle on Thursday, signaling further recovery after pullback from 1.3472 faced strong rejection at 1.3307 on Wednesday as near-term bears off 1.3472 showed strong indecision on double-long-legged…
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USDJPY – completion of reversal pattern risks deeper pullback
The pair holds firmly in red in early European trading on Friday and probes below psychological 110 support.
The dollar bulls are losing traction after spike to 110.85 was all seen from hawkish Fed on Wednesday, as the greenback fell…
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EURUSD rises above 1.18 as impact on hawkish Fed fades; ECB in focus
The Euro probes above 1.18 barrier in early European trading on Thursday, as dollar's initial strength after Fed's decision late Wednesday, started to fade.
Hawkish tone from the Fed, which signaled two more rate hikes in 2018 initially…
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USDJPY – pre-Fed dips seen as positioning for fresh advance; 200SMA marks key support
The pair pulled back from daily high at 110.71, posted during European trading and hit US session low at 110.32, exposing key supports at 110.22/16 (hourly cloud top / 200SMA).
The move is seen as positioning ahead of Fed, as traders…
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EURUSD stands at the front foot and extends recovery ahead of Fed
The Euro hits new session high in early US session trading on Wednesday, on extension of bounce from daily low at 1.1730, posted in late Asian session, where thick rising 4-hr cloud contained dips.
The single currency rallied despite…
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WTI OIL – recovery hold within daily cloud but the downside remains vulnerable
WTI oil price bounced after testing daily cloud base ($65.38) on Wednesday, keeping strong rising support which underpins recovery rally from $64.21 (05 June low).
Series of higher lows and higher highs define near-term uptrend, but…
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AUDUSD – bearish bias below daily cloud
The Aussie dollar edged higher on Wednesday after extension of four-day descend found footstep at 0.7553 (30SMA) and profit-taking on Tuesday's 0.5% fall pushed the price higher.
Near-term action holds in a downtrend from 0.7676/73…
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USDJPY – bulls extend after close above 200SMA
The pair continues to trend higher and holds firm bullish mode for the third straight day.
Tuesday's close above pivotal 200SMA barrier was strong bullish signal, as fresh extension higher cracked next targets at 110.62 (Fibo 76.4% of…
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GBPUSD remains offered ahead of UK CPI data
Cable holds in red for the fourth consecutive day and pressures lows of past two days at 1.3342, after eventual break below 10SMA (1.3368), also Fibo 38.2% of 1.3204/1.3472 upleg / 4-hr cloud top, which generated bearish signal.
Risk of…
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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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