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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GOLD recovery hits new 2-week high but risk of stall exists
Spot Gold maintains firm tone and holding near two-week high at $1265, on Tuesday, following strong rally on Monday.
The yellow metal was lifted by weaker dollar on concerns about US tax reforms plan and ahead of US housing data, due later…
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AUDUSD – recovery remains limited by 200SMA as falling daily cloud continues to weigh
The Aussie dollar maintains firm tone on Tuesday and ticked higher in attempts to test three-day consolidation top at 0.7694.
Resistance is reinforced by 200SMA and marks the lower side of strong resistance zone between 0.7694 and 0.7714,…
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USDJPY – trading in extended consolidation between 20 and 10SMA's
The pair is holding in consolidation for the fourth straight day, entrenched in the range between 20SMA (112.33) and converged 10/55SMA's (112.85).
Mixed daily techs do not provide clear direction signal but last week's long bearish candle…
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GBPUSD – bulls need firm break above 1.3395 Fibo barrier to signal continuation
Cable remains bid in early Tuesday's trading but with limited upside action seen so far. Near-term structure is underpinned by rising 30SMA and thickening daily cloud, with today's action being held at 1.3360 support (broken Fibo 23.6% of…
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