EURUSD may correct deeper after strong rejection at 1.1900
The Euro maintains firm tone on Thursday and consolidating under fresh high at 1.1900.
Wednesday's close marginally above 1.1867 (Fibo 61.8% of 1.1961/1.1717) was bullish signal, despite strong upside rejection which left bullish daily…
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EURUSD surges on weaker dollar; eyes key barriers at 1.1961/1.2000
The Euro accelerated higher in the American session and broke above 1.1867 Fibo barrier, as extension above daily cloud turns focus towards key near-term barriers at 1.1961 (27 Nov high) and psychological 1.2000 resistance.
Fresh strength…
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SPOT GOLD extends recovery but risk of recovery rally stall exists
Spot Gold remains supported and extends recovery on Wednesday, heading towards strong resistance at $1267 (200SMA / 50% retracement of $1299/$1236 descend).
The yellow metal moved higher after Tuesday's action ended in Doji candle as the…
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WTI OIL remains supported; EIA data expected to boost the price further on fresh crude stocks draw
Oil price remains supported on Wednesday and ticked higher to probe above Fibo barrier at $57.79 (61.8% of $59.02/$55.81 downleg), which repeatedly capped upside attempts in previous sessions.
API crude stocks report, released on Tuesday,…
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AUDUSD – falling daily cloud continues to weigh
The Aussie dollar ticked higher on Wednesday but remains within extended congestion, capped by 200SMA (0.7692).
Falling daily cloud continues to weigh (cloud base lies at 0.7690) and risk of reversal will remain in play while recovery…
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USDJPY – fresh bullish extension probes above 113.00
The pair extends recovery above 113.00 on Wednesday, following eventual break above three-day consolidation range top which signaled extension of recovery leg from 112.02 (15 Dec low).
Today's fresh extension higher probed above 113.09…
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GBPUSD – repeated failures at 1.3395 Fibo barrier would keep the downside at risk
Cable is holding within narrow range in early Wednesday's trading but upside remains limited at 1.3400 (Tue / today's session highs), as near-term bulls repeatedly failed to close above cracked 1.3395 pivot (Fibo 38.2% of 1.3549/1.3301…
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EURUSD – bulls eye Fibo barriers at 1.1867/1.1900 after closing above daily cloud
The Euro is consolidating under fresh weekly high at 1.1848 after strong rally on Tuesday eventually broke and closed above daily cloud, generating bullish signal.
Cloud top now acts as support, with daily MA's in bullish setup and slow…
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USDTRY – pullback finds footstep ahead of strong daily cloud top / 55SMA supports
The pair stabilizes on Tuesday after two-day pullback dipped to 3.8200 and retraced the biggest part of 3.8073/3.8960 upleg.
Consolidation is so far holding above Monday’s low at 3.8200 with possibility of extending lower.
Strong supports,…
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WTI OIL maintains bullish tone but without stronger upside action so far
Oil price ticked higher on Tuesday after previous day's action showed strong indecision, ending in long-legged Doji candle.
Fresh bulls attempt through 20SMA ($57.52) which capped past two day's action, break of which would open next pivot…
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