Cable stands at the front foot ahead of UK inflation data
Cable remains positive in early Tuesday's trading and pressures Monday's high at 1.3875, but recovery attempts from Friday's low at 1.3764 so far did not show stronger gains and remain capped by broken ascending 30SMA (currently at 1.3873).…
Read More...
Read More...
USDJPY – fresh bears broke below 108 and pressuring key support at 107.31
The pair accelerated lower in late Asian / early European trading and eventually broke below strong 108.28/00 support zone.
Fresh weakness of the dollar comes on signs of stabilization in global equity market which prompted investors into…
Read More...
Read More...
USDTRY accelerates lower; pressured by thickening daily cloud; reversal pattern is forming on daily…
The USDTRY pair stands at the back foot on Monday and eases to 3.80 support (Fibo 38.2% of 3.7280/3.8446 upleg), pressured by thickening daily cloud which twisted last week and limited rally from 3.7280
Reversal signal is forming on daily…
Read More...
Read More...
USDCAD – widening daily cloud marks strong obstacle and may limit fresh upside attempts
The USDCAD edged higher and tests 1.2600 barrier (daily cloud base) at the beginning of US session on Monday.
The pair shows signs of regaining traction after strong upside rejection at 1.2687 and close in red on Friday, which signaled…
Read More...
Read More...
COPPER bounces from 2-mth low on Monday; Chinese Lunar New Year in focus
Copper edged higher on Monday, bouncing from two-month low at $3.0250, posted on Friday, in extension of steep three-day fall.
Weaker dollar and oversold daily techs helped the metal, but recovery was limited for now, as traders remain…
Read More...
Read More...
SPOT GOLD bounces on Monday but recovery was so far limited; US data eyed for fresh signals
Spot Gold is in recovery mode at the beginning of the week and attempting to break above two-day congestion on Thu/Fri which was shaped in double-Doji.
Weaker dollar on signs of stabilization in global stocks inflated the yellow metal, but…
Read More...
Read More...
WTI OIL bounces back above daily cloud but gains were so far limited
WTI oil trades higher on Monday, bouncing above daily cloud which was penetrated on Friday, in extension of last week's steep fall.
Oil price regained ground as global stocks showed signs of stabilizing, following last week's…
Read More...
Read More...
AUDUSD – initial attempt at key daily cloud top / 200SMA supports failed, but limited bounce…
The Australian dollar trades higher in early Monday's trading after bears stalled above key 200SMA daily cloud top supports.
Subsequent bounce resulted in bullish close on Friday, sidelining immediate downside risk.
Return and close above…
Read More...
Read More...
USDJPY – Friday’s long-legged Doji warns of strong indecision at key 108.28/00 supports;…
The pair stands at the back foot at the beginning of the week with limited recovery attempts in Asia. Friday's long-legged Doji signaled strong indecision at key support at 108.28 (26 Jan low) cracked on Friday's brief dip to 108.04.
Daily…
Read More...
Read More...
GBPUSD near-term bears found footstep but recovery was so far limited
Bear-leg off 1.4277 (02 Feb lower top) found footstep at 1.3796 (Fibo 61.8% of 1.3457/1.4344 upleg) after Friday's probe below was short-lived, but recovery attempts were so far limited.
Near-term direction is not clear as daily studies…
Read More...
Read More...