WTI OIL attempts again into daily cloud but negative techs warn of stall
WTI oil holds steady on Friday and remains in green for the third straight day, driven higher by weaker dollar.
Fresh attempts into daily cloud come after Thursday's probe through cloud base ($61.23) and spike to $61.53 proved to be false…
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AUDUSD – bears extend below 100SMA; focus 0.7712 low
The Australian dollar remains in red on Friday and extends strong fall of the previous day, which broke and closed below thick daily cloud, as the Aussie remains under pressure on concerns of trade war.
Friday's extension lower was sparked…
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USDJPY falls on increasing risk aversion, may violate 105 support before FOMC
The pair fell sharply on Friday and hit new over one week low at 105.61, driven by risk aversion on the newest White House shake-up, as President Trump decided to replace his national security advisor.
Fresh weakness comes after…
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GBPUSD – fresh bulls attack again key 1.40 zone
Cable is in fresh bullish acceleration after dips in Asia were contained by 30SMA, which marked strong support in past couple of sessions.
Fresh attempts higher are pressuring daily cloud top (1.3979) and looking for renewed attack at…
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EURUSD – bears take a breather ahead of key support zone as dollar weakens on fresh political…
The Euro ticked higher in early Friday after strong fall in past two days found footstep at daily cloud top which provides solid support, currently at 1.2296.
Near-term structure weakened after bulls were capped by bear-trendline off…
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EURGBP extends steep descend into sixth straight day
The cross remains in steep downtrend from 0.8967 (07 Mar spike high) which extends into sixth straight day.
Today's bearish acceleration broke below strong supports at 0.8846 (converged 55/100SMA's / Fibo 61.8% of 0.8771/0.8967 rally) and…
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GOLD price moves lower as dollar firms, but still within 4-day range
Spot Gold moved lower and holds in red on Thursday, turning focus towards key near-term supports at $1313 zone (base of four-day congestion).
Stronger dollar on better than expected US jobless claims and import data, pushed yellow metal's…
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USDTRY continues to rally, supported by bullish techs and lira’s negative sentiment
The USDTRY pair extends steep rally into fourth straight day on Thursday and hit new 4 ½ month high at 3.8989, on probe above previous high at 3.8960 (14 Dec).
Firmly bullish techs continue to underpin the pair, as bullish signal was…
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WTI OIL – strong $60 support zone holds for now but daily cloud top caps and maintains bearish…
WTI oil moved higher and holds in $61 zone on Thursday after dipping to $60.11 low on downbeat US crude stocks data on Wednesday.
EIA report showed much stronger than expected build in crude inventories last week (5.02 million barrels vs…
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AUDUSD – stronger reversal signal on break below daily Kijun-sen
The Australian dollar moved lower on Thursday after repeated failure on attack at key barriers at 0.7882/90 (Fibo 61.8% of 0.7988/0.7712 / 55SMA).
Near-term action so far holds above daily Kijun-sen support (0.7850) which limits downside…
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