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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USDJPY – risk of extension to daily cloud top seen on break below double Fibo support; US jobs…
The pair is consolidating around 109 handle in early Friday's trading after suffering strong losses previous day.
Thursday's long bearish daily candle (the biggest one day loss since 22 Mar) weighs, as Doji reversal pattern was completed…
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EURJPY – break below thick daily cloud is bearish signal; psychological 130 support in focus
The cross accelerated lower in US session on Thursday and broke below key supports at 130.68 (daily cloud base / Fibo 61.8% of 128.94/133.48 upleg).
Extension of downleg from 133.48 (24 Apr peak), is generating strong bearish signal that…
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USDJPY – risk of dip to 108.73 Fibo support on confirmation of reversal
The pair extended weakness on Thursday and cracked 10SMA support at 109.15, but so far without break lower.
Bearish signal is generating on formation of Doji reversal pattern on daily chart, which looks for daily close below 10SMA for…
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WTI OIL – stronger direction signal expected on break of 20 or 10SMA
WTI oil price remains within two-week range and without clear direction, after repeated probes below range floor were contained by rising 20SMA, which marks initial support, currently at $67.08.
On the other side, recovery attempts stay…
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USDTRY hit new record high on acceleration after downbeat Turkish inflation data
Turkish lira spiked to new all-time high at 4.2284 on Thursday, following Turkey's CPI upside surprise.
Inflation rose by 1.87% m/m in April, overshooting forecast for 1.6% rise, while annualized CPI rose to 10.85% the highest from…
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AUDUSD – initial signals of reversal but many obstacles en-route
Recovery attempts pick up on Thursday and forming reversal pattern on daily chart, as Wednesday's trading ended in Doji candle and base forming at 0.7475.
Slow stochastic and RSI reversed from oversold zone, while momentum turned higher…
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