Risk of break below 20SMA pivot after another rejection at 0.7440 barrier
The Australian dollar stands at the back foot on Monday and eases below 0.74 handle, following another rejection at strong 0.7440 resistance zone (triple failure was registered last week), as attempts to extend Friday's strong rally lacked…
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Downside pressure eases but directionless while between 100/55SMA’s
WTI oil price moved higher on Monday after Friday's trading ended in Doji with long upper shadow, signaling stabilization and sidelining downside risk.
Oil price rose after weekend's G20 meeting pointed on rising concerns about global…
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Extension of Friday’s strong rally probes into thick daily cloud
The Euro probes into thick daily cloud on Monday, in extension of strong rally last Friday which completed Doji reversal pattern on daily chart.
Extended weakness of the dollar keeps the single currency supported, along with bullish techs,…
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Bullish engulfing underpins recovery but plethora of MA’s mark strong barriers
Cable holds firm tone on Monday and extends last Friday’s strong rally, which formed bullish engulfing pattern on daily chart and underpinning the advance.
Sentiment is mixed as Brexit talks continue to weigh while further dollar’s…
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USDJPY holds in red for the third straight day; hits two-week low on Trumps comments
The pair fell to two-week low at 110.75 in early Monday's trading, extending last Thu/Fri strong weakness, sparked by President Trump's criticism of high dollar Fed's tightening.
Trump's messages over the weekend, when he criticized the…
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Loonie rallied strongly after upbeat Canadian data
The Loonie surged against the US dollar around hundred pips on Friday after upbeat Canadian economic data on Friday
Annualized inflation rose 2.5% in June, beating forecast for 2.4% rise while core CPI (which excludes gasoline was up 0.1%…
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No clear direction while the price ranges between 100 & 55SMA’s
WTI oil price moved higher on Friday as news that Saudi Arabia would reduce exports in August, sidelined fears of oversupply in oil market.
Near-term action is congested between $67.02 and $70.16 and showing no clear direction as daily…
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Bears to remain intact while 10SMA caps recovery
The Australian dollar bounced on Friday after hitting three-week low at 0.7317, ticks ahead of key support at 0.7310 (02 July low).
Weaker US dollar gave a breather to Aussie's bears which track the weakness of Chinese yuan (posted new…
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Consolidation may precede clear break below 1.30
Cable is holding within tight consolidation on Friday after steep three-day fall spiked to 1.2957 (the lowest since early Sep 2017).
Initial attempt below psychological 1.30 support failed to close below on Thursday, but sentiment remains…
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Bears on hold after Thursday’s long-legged Doji
The Euro holds in directionless mode in early Friday's trading after previous day's action ended in long-legged Doji, which signaled strong indecision of past two-day bearish action.
Thursday's dip was contained by Fibo 76.4% of…
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