USDJPY – rising downside risk on repeated rejection at cloud top
The pair ticked higher on Tuesday, leaving temporary footstep at 112.36 (Mon/Tue lows) intact but remaining below initial barrier at 112.78 (daily Kijun-sen).
Monday's close in red and repeated rejection at daily cloud top, as well as…
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EURUSD trades in extended consolidation above daily cloud top
The EURUSD traded within narrow range overnight and remains directionless at the beginning of the European session.
The pair is holding within triangular consolidation under 1.1961, which could extend further until generating fresh signal.…
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GBPUSD – overall bullish bias sees deeper correction preceding fresh rally
Cable stands at the back foot in early Tuesday's trading and pressuring Monday's low at 1.3412, n bearish acceleration from Asian high at 1.3481.
Yesterday's strong upside rejection near key 1.3549 barrier and subsequent pullback was…
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GBPUSD – no Brexit deal disappoints bulls but hopes of fresh upside are still in play
Cable was on roller-coaster in Monday’s afternoon trading, initially regaining traction and bouncing near last Thu/Fri highs (1.3549), boosted by upbeat UK Construction PMI data and increasing Brexit optimism, and fell sharply to new…
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USDCAD – strong bears pressure key supports at 1.2670 zone
USDCAD pair remains under strong pressure on Monday and extending Friday's strong fall on upbeat Canadian data, pressuring key supports at 1.2670 zone (multiple downside rejections which formed base).
Break below 1.2670 pivot and violation…
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COPPER – bullish sentiment but daily cloud top caps
Copper holds positive tone at the beginning of the week as manufacturing demand from China, metal's top consumer, offset immediate negative impact on stronger dollar.
However, today's fresh attempts higher failed again to break above cloud…
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WTI OIL – Hanging Man on weekly chart warns of correction
WTI oil price extended lower on Monday and returned below falling weekly 200SMA ($58.07) which was briefly broken in past two weeks.
Reversal signal is developing on weekly chart after last week's action ended in weekly Hanging Man candle…
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SPOT GOLD – thickening daily cloud pressures for test of 200SMA
Spot Gold stands at the back foot on Monday and dipped close to last week's low at $1270, after coming under fresh pressure on signals that US tax cut plan is closer to passage.
Rising bearish pressure could result in break below $1270…
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AUDUSD – recovery attacks 20SMA barrier again; firm break to signal further upside
The Aussie dollar is regaining traction and returns above 0.7600 handle, after dipping to 0.7579 low, following gap-lower opening on Monday.
Last Friday's strong rally which broke and closed above falling trendline (tracked the downtrend…
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USDJPY – bulls pressure cloud top for continuation on break
Gap-higher opening on Monday and fresh extension higher which tests again the rising top of daily cloud (113.10), signals resumption of step upleg from 110.83, which showed hesitation on Friday's close in red.
The dollar was inflated by…
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