SPOT GOLD holds in extended consolidation but bearish bias remains intact; FOMC rate decision in…
Spot Gold is pressuring $1240 support which held stabilization in past two sessions, signaling fresh extension of the downleg from $1299 (27 Nov high).
Overall bearish structure and strong expectations that Fed will hike rates today keeps…
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WTI OIL holds in tight consolidation above Tenkan-sen support; EIA report in focus
Oil price recovered slightly on Wednesday, following previous day's fall and holding for now above initial support at $57.34 (daily Tenkan-sen).
Tuesday's quick pullback which dipped to $56.85, retraced 61.8% of three-day $55.81/$58.54…
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AUDUSD – recovery shows strong signs of stall at 20 SMA barrier
Recovery rally from near-term base that is forming at 0.7500 is shows signs of losing traction after being repeatedly capped by 20SMA (0.7575).
Overall bearish structure warns of recovery rally stall, as solid offers at 0.7575/0.7600 zone…
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USDJPY is expected to consolidate before bulls resume; 113.00 zone marks solid support
The pair is back into daily cloud on Wednesday following repeated rejection under 113.81 target (Fibo 76.4% of 114.73/110.83), with double Doji (Mon/Tue), giving initial signal of rally's stall.
Fresh downside attempts today were so far…
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GBPUSD stands at the back foot ahead of UK jobs data
Cable stands at the back foot on Wednesday and pressuring strong support at 1.3300 zone (Tuesday's low / daily Kijun-sen) which contained Tuesday's weakness.
Bearish daily candles with long upper wicks, left on Mon / Tue, weigh on the price…
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EURUSD – daily cloud base remains in focus; Fed rate decision eyed for more clues about n/t…
The Euro remains in red in early Wednesday's trading and keeps near-term risk skewed to the downside, following limited upside attempts in late Asian and subsequent easing in early European trading.
Tuesday's weakness tested daily cloud…
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USDJPY return above daily cloud is bullish signal
The dollar regained traction and returned above cloud top, boosted by better than expected US data.
Fresh bullish acceleration posts new highs (the highest in one month) and on track for the third consecutive close above daily cloud top…
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EURUSD dips below 55SMA on strong US data
The Euro fell to the session low at 1.1741 after better than expected US PPI data sent dollar higher across the board.
Fresh easing broke below pivotal support at 1.1756 (converged 30/55SMA's) and generating bearish signal for test of…
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EURGBP – downside remains at risk after repeated rejection at strong 0.8850 resistance
The cross eased to 0.8800 support on Tuesday after rejection at 0.8850 zone where upside attempts in past few sessions were repeatedly rejected.
Resistance is marked by sideways-moving 30SMA and reinforced by falling 20SMA which is…
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COPPER – recovery rally shows signs of hesitation at strong barriers at $3.0120/88
Four-day rally is taking a breather on Tuesday, holding within narrow consolidation under fresh recovery high at $3.0175, posted on Monday.
Falling 10SMA approaches (currently at $3.0188) and weighs on near-term action, as bearish setup of…
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