USDJPY consolidates above strong 112 support; near-term bias remains bearish
The pair is consolidating above important support at 112.00 (15 Dec low) on Tuesday after steep bearish acceleration in past three days found footstep here.
Support is reinforced by Fibo 61.8% of 110.83/113.74 rally and 100SMA and may hold…
Read More...
Read More...
GBPUSD – shallow correction likely to precede final push towards key 1.3655 barrier
Cable cracked psychological barrier at 1.3600 on Tuesday and hit new multi-month high at 1.3612 in extension of steep bullish acceleration in past four days.
Subsequent easing was so far shallow, however, overbought daily studies warn of…
Read More...
Read More...
EURUSD – bulls are taking a breather ahead of attack at 1.2092/1.2150 targets
The Euro eases on Wednesday, taking a breather after strong four-day rally which peaked at 1.2081 (the highest since early Sep 2017) on Tuesday.
Strong uptrend remains intact and underpinned by weak dollar, showing scope for eventual attack…
Read More...
Read More...
XAUUSD – bulls look for further advance on break above daily cloud top
Spot Gold hit new one-month high at $1293, in extension of steep rally from $1293 (12 Dec low).
Fresh US dollar’s sell-off on Thursday additionally boosted yellow metal’s strong bullish sentiment, with thinner volumes ahead of New Year…
Read More...
Read More...
WTI OIL consolidates under $60 barrier; bullish sentiment supportive for further advance
WTI oil maintains firm tone and holding within narrow consolidation under psychological $60 barrier (fresh highs in 2 ½ years) which was dented on strong bullish acceleration on Tuesday.
Oil price was boosted by stronger than expected draw…
Read More...
Read More...
AUDUSD – fresh bullish extension pressures daily cloud top at 0.7816
The Aussie dollar extended steep rally on Thursday and cracked psychological 0.7800 barrier, en-route to key resistance at 0.7816 (daily cloud top).
Broader greenback’s weakness keeps the Aussie supported, with bulls so far ignoring…
Read More...
Read More...
USDJPY – fresh bears penetrate daily cloud and may extend towards key support at 112.00
The pair came under increased pressure and fell sharply on Thursday, driven by fresh dollar’s sell-off.
Bearish acceleration penetrated daily cloud after descending cloud top acted as solid support and limited downside attempts in past few…
Read More...
Read More...
GBPUSD – fresh bullish acceleration looks for 1.3500+ extension
Cable hit two-week high at 1.3455, which also marks Fibo 61.8% retracement of 1.3549/1.3300 downleg, on fresh bullish acceleration in Asian / early European trading on Thursday.
Eventual break above week-long congestion tops at 1.3400…
Read More...
Read More...
EURUSD surges towards 1.20 on fresh dollar’s sell-off
The Euro surged through 1.1900 barrier in early trading of Thursday, to retest month’s high at 1.1940 and open way towards key barriers at 1.1961 (27 Nov high) and psychological 1.2000 resistance.
The single currency was boosted by fresh…
Read More...
Read More...
COPPER trades near 3 ½ year high
Copper future contract for delivery hit 3 ½ year high at $3.2980 in extension of two-week uninterrupted rally from $2.9425 trough.
Metal rallied to new high on Tuesday after post-holiday trading started with gap-higher opening, with strong…
Read More...
Read More...