EURUSD – close below cloud top / 55SMA was bearish signal/ Fed decision would be next strong…
The Euro bounces from three-week low at 1.2240 on Wednesday, after suffering heavy losses the day before, on fall from 1.2354 to 1.2240.
Tuesday's penetration of thick daily cloud and close below key points at 1.2295/65 (cloud top /…
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NASDAQ falls over 2% on Monday
Nasdaq was sharply lower after Wall St opening and hit new two-week low at 6888 on Monday, marking total loss of over 2% for the day, so far.The index was dragged lower by strong fall of Facebook shares which were down over 5% on…
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USDTRY – steep rally approaches key barriers at 3.9814 /4.00
The USDTRY extends steep ascend into sixth straight day and hit new nearly four-month high at 3.9520 on Monday, after fresh bullish extension took out barrier at 3.9186 (Fibo 76.4% of 3.9814/3.7153 correction).
Record high at 3.9814 (22…
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GBPUSD – eventual break above 1.40 pivot
Cable eventually broke above 1.40 barrier on Monday after being congested under it for past four days. Fresh bullish acceleration on Monday was sparked by comments about UK and EU reached Brexit deal, and sent pound to new one-month high…
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COPPER falls strongly on Monday; key support at $3.0540 is under strong pressure
Copper price fell sharply on Monday, extending pullback from last week's spike high at $3.1905, to nearly fully retrace $3.0540/$3.1905 recovery leg on dip to $3.0570 so far.
The metal maintained bearish bias from last Wednesday's upside…
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SPOT GOLD remains at the back foot on stronger dollar and expectations for hawkish Fed
Spot Gold extended weakness from the previous week and hit new 2 ½ week low at $1307 on Monday.
The yellow metal remains under pressure on stronger dollar, as market are anticipating 0.25% increase on FOMC meeting this week but persisting…
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WTI OIL – bulls are pausing after 55SMA capped the rally on Friday
WTI oil price eased on Monday and trading within narrow consolidation under new two-week high at $62.52, posted on strong rally last Friday.
Friday's bullish acceleration was capped by ascending 55SMA and Fibo 61.8% of $64.22/$69.94…
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AUDUSD – bears look for extension of last week’s strong fall
The Australian dollar stays in red at the beginning of the week and extends below key support at 0.7712 (01 Mar former low).
Extension of last Thu/Fri sharp fall eyes Fibo 123.6% projection at 0.7664 and could stretch to test weekly cloud…
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USDJPY – bears remain firmly in play but stronger action could be on hold until FOMC
The pair holds in red on Monday and probes again through 106 support (Fibo 61.8% of 105.24/107.29 upleg), following last Friday's short-lived dip to 105.60, two-week low).
Negative daily techs maintain pressure as last week's strong upside…
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GBPUSD looks for signal to break out of tight range between daily MA’s and cloud top
Cable holds within tight range on Monday, capped by descending cloud top (1.3961) but near-term action is supported by converged daily MA's (10/20/30) at 1.3900 zone and forming bull-crosses.
Rising 55SMA (1.3888) continues to underpin…
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