SPOT GOLD – bulls show hesitation at strong $1267/69 barriers
Spot Gold remains firm on Thursday, supported by weaker dollar and consolidating under fresh three-week high at $1268. Today's test of pivotal $1267/69 resistance zone (50% of $1299/$1236 descend / daily Kijun-sen / 200SMA) failed to break…
Read More...
Read More...
AUDUSD – double Doji signals recovery stall; falling daily cloud continues to weigh
The Aussie dollar remains directionless and trading within narrowing range capped under 200SMA.
Doji candles on Tue / Wed signal strong indecision, after recovery rally from 0.7500 stalled under key barriers.
Increasing signs of reversal…
Read More...
Read More...
USDJPY extends above daily cloud after unchanged BoJ
The pair remains bid and extends rally after BoJ left policy unchanged and signaled no plans for raising rates soon.
BoJ said strong economy is not enough as inflation remains well below target.
Fresh advance on Thursday broke above daily…
Read More...
Read More...
GBPUSD – negative near-term bias after rejection above 1.3400
Cable stands at the back foot on Thursday following previous day's strong upside rejection above 1.3400 handle.
Today's action was capped by falling 10SMA and fresh easing pressures strong supports at 1.3334 (daily cloud top / rising…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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,…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...