EURUSD pulls back after repeated failure through upper Bollinger / Fibo barrier
The Euro eases from session high at 1.2476 after attempts through 20-d upper Bollinger band and Fibo 76.4% of 1.2555/1.2154 repeatedly failed.
Stronger dollar and weaker than expected EU Business Climate data helped fresh bears, but…
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Cable – fresh bearish acceleration leaves double-top and shifts immediate focus lower
Sterling was sharply lower in mid-European trading and reversed Monday's rally, as report released on Monday signaled easing tensions between US and China as two sides were negotiating to improve US access to Chinese markets, which boosted…
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AUDUSD – recovery attempts show signs of stall as falling 10SMA caps
The Aussie dollar moved lower after hitting marginally higher recovery high at 0.7757 in early Asian trading, unable to sustain probes above falling 10SMA (currently at 0.7740).
The pair returned to negative tone in early Tuesday's…
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USDJPY – bullish outside day signals further recovery but falling MA’s continue to weigh
The pair ticked higher in extension of strong bounce on Monday and hit session high at 105.75, helped by fresh risk sentiment.
Recovery approaches initial barriers at 105.83/87 (falling 10SMA / Fibo 61.8% of 106.64/104.63), with downside…
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GBPUSD – bulls may hold in consolidation after repeated failure at new 7-week high at 1.4244
Cable eases in early European trading after folding within tight consolidation overnight and retested Monday's seven-week high at 1.4244.
The price is so far holding above broken bull-channel upper boundary and keeping immediate focus at…
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USDTRY consolidates under new record high; keeps bullish bias
The USDTRY pair eased from last Friday's fresh all-time high at 4.0359 but maintains firm tone on Monday after corrective easing found support at 3.95 zone, keeping intact initial support at 3.9458 (rising daily Tenkan-sen).
Fresh strength…
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EURUSD extends rally on fresh risk sentiment as trade war concerns fade
The Euro gained pace and surged through initial barriers at 1.2402/12 (Fibo 61.8% of 1.2555/1.2154 pullback / 14 Mar lower top), as fears about trade war started to fade, bringing risk sentiment back to play.
The single currency is in…
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COPPER – bears extend and look for test of weekly cloud top
Copper remains firmly in red at the beginning of the week and slid to new multi-month low at $2.9370 (the lowest since late Sep 2017) on probes below key support at $2.9425 (05 Dec low).The metal holds in strong bearish mode which resulted…
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GBPUSD extends to new seven-week high
Cable maintains positive tone on Monday and broke through previous high at 1.4218, hitting new 7-week highs.
Firm break above cracked upper boundary of daily bull-channel (after two attempts last week failed) was bullish signal which adds…
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SPOT GOLD bull on hold on Monday; eye US-China talks
Spot Gold holds within narrow consolidation under fresh five-week high ay $1350 and holding firm tone after strong rally last Friday and strong bullish close of the last week.
The yellow metal benefited on increased safe-haven demand on…
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