USDCAD remains tall after recent surge but bulls show initial signs of stall
The USDCAD holds high levels on Wednesday and trading above 1.25 handle, after strong rally last Fri/Mon which stalled at 1.2566 on Tuesday.
Subsequent dip was so far shallow and found footstep just under 1.25, with fresh bullish momentum…
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COPPER – strong bearish acceleration below thick daily cloud generates negative signal
Copper was sharply lower on Wednesday and hit the lowest since 24 Jan after bearish acceleration broke below the floor of two-week congestion.
Fresh signal for near-term direction is generating, with immediate focus turning lower after a…
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SPOT GOLD – Tuesday’s bearish outside day maintains pressure and signals further easing
Spot Gold stands at the back foot on Wednesday, following limited recovery after strong fall previous day, which hit new three-week low at $1320.
Bearish outside day on Tuesday was negative signal and bear-leg from $1366 (25 Jan peak)…
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WTI OIL eases further following brief consolidation on Tuesday; EIA report in focus today
WTI oil price fell to new three-week low at $63.03 on Wednesday, signaling continuation of steep decline from $66.28 on Fri/Mon, which was interrupted by consolidation phase on Tuesday.
Fresh weakness probes again below cracked daily…
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NZDUSD – bids at 0.73 hold dips ahead of RBNZ
The Kiwi dollar eased from the session high at 0.7345, posted after solid NZ jobs report, released late Tuesday.
Renewed attempt at Tuesday's 0.7350 high, hit after strong rally (the biggest one-day gains since 13 Dec) failed, with fresh…
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AUDUSD – thick hourly cloud caps and maintains bearish pressure
The Australian dollar came under pressure on Wednesday dipped to 0.7862 so far, after limited recovery attempts.
Falling thick hourly cloud capped upticks and continues to weigh on near-term action, maintaining negative near-term bias.…
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EURUSD – directionless mode between 10 & 20SMA
Narrow range trading, shaped in tight Doji was seen in Asian / early European trading.
Long-legged Doji was left on Tuesday and signaling that two-day fall from double upside rejection at 1.2518/22 might be stalling.
No stronger signs of…
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GBPUSD remains in sideways mode after Tuesday’s Doji; BoE eyed for fresh signals
Cable holds within tight range in early Wednesday after strong downside rejection at 1.3835 on Tuesday and daily action ending in long-tailed Doji, signaling indecision.
Strong fall in previous two days shows initial signs of stall, but…
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USDJPY – Fresh weakness probes through 4-hr cloud base
The pair came under renewed pressure in early Wednesday's trading as recovery in stock markets lost traction.
Near-term price action is holding within thick 4-hr Ichimoku cloud with fresh weakness probing through cloud base (108.97) after…
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GBPUSD – bears are taking a breather but outlook remains negative
Cable dipped to new three-week low at 1.3835 after fresh bearish acceleration triggered stops below 1.3900 (50% of 1.3457/1.4344 / daily Kijun-sen).
The pair remains firmly in red for the third straight day, but strong bears may take a…
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