GBPUSD – 200SMA is key; firm break lower to signal bearish continuation and neutralize risk of…
Cable probes again through cracked 200SMA (1.3537) in early European session on Monday, after overnight’s recovery attempts were short-lived.
Despite spike below 1.35 on Friday, the pair failed to clearly break below 200SMA and generate…
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EURUSD – negative outlook below 200SMA; close below 1.1936 Fibo support to confirm
The Euro stands at the back foot at the beginning of the week and probes through cracked Fibo support at 1.1936 (61.8% of 1.1553/1.2555 ascend) which held the consolidation in past few sessions.
Recovery attempts in Asia were…
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US jobs data – AHE and NFP miss could offset upbeat unemployment and produce stronger pressure…
US jobs data came mixed in April but negative tone prevails. The dollar was lower across the board in immediate reaction on data.
Non-Farm payrolls disappointed on 164K new jobs in April, missing 189K forecast while previous month’s…
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USDCAD seeks firmer signal for eventual break out of two-week congestion
The pair remains in directionless mode for the second straight week and continues to trade within choppy range, capped by daily cloud top.
Recovery leg from 1.2527 (17 Apr low) shows strong signs of stall at pivotal barriers at 1.2896…
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USDTRY hit new all-time high; psychological barrier at 4.30 in immediate focus
The USDTRY pair remains in steep ascend which extends into fifth straight day and hit new all-time high at 4.2897 on Friday.
Strong fall of lira is unlikely to stop soon as bears took out easily round-figure barriers (4.20/ / 4.25) which…
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SPOT GOLD trades between 10 and 200SMA ahead of US jobs data
Gold price eased in early Friday's trading after previous day's rally was strongly rejected at $1318 (falling 10SMA), signaling limited recovery, following multiple downside rejections as rising 200SMA contained bear-leg from $1355 high (18…
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WTI OIL – positive n/t tone above 10SMA but triple-Doji on weekly chart warns
WTI oil price holds around the mid-point of larger $67/$69.54 congestion on Friday, following Thursday's rally and close above 10SMA ($68.11).Daily MA's are back to full bullish setup and 14-d momentum is heading north, supporting near-term…
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AUDUSD – falling 10SMA caps recovery attempts and keep the downside at risk
The Aussie dollar eased after failing to break above falling 10SMA (0.7546) and risks to diminish positive signal on formation of Doji reversal pattern on daily chart.
Release of RBA's monetary policy statement showed mild impact on the…
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GBPUSD – 200SMA holds and Thursday’s Doji signals indecision but no firmer bullish…
Cable holds in tight consolidation range in early Friday's trading after 200SMA contained steep fall from 1.4376 and Thursday's long-legged Doji showed signs of indecision.
Daily MA's are in firm bearish setup and formed a number of…
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EURUSD holds in extended consolidation but bearish bias remains while 200SMA caps
Overall outlook remains negative but bears pausing above strong Fibo support at 1.1936 (61.8% of 1.1553/1.2555 upleg).
Narrow consolidation extends into third straight day, capped by 200SMA (1.2015) which maintains pressure.
Signals from…
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