AUDUSD – oversold dailies suggest stronger bounce
The pair trades off today’s marginally lower low at 0.7530, after failing to break below weekly 100SMA (0.7544) and showing no significant reaction on RBA minutes released overnight.
Overall structure remains firmly bearish but oversold…
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USDJPY – limited recovery while below daily Tenkan-sen
The pair is holding in extended consolidation above key supports at 111.90/71 (daily cloud top / Fibo 38.2% of 107.31/114.73 / converged 100/200SMA’s), but upside attempts were so far limited.
Daily techs are bearishly aligned and expected…
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EURUSD – fresh recovery eyes pivotal 55SMA barrier
The Euro is in recovery mode on Tuesday after strong fall on Monday was contained by rising daily Tenkan-sen which formed bullish-cross with Kijun-sen last Friday.
Recovery is underpinned by rising 4-hr cloud and probes above initial…
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GBPUSD – daily cloud top is under strong pressure; strong bullish signal expected on break
Cable remains firm and extends bull-leg from 1.3071, testing key near-term barriers at 1.3261/66 (daily cloud top / Fibo 38.2% of 1.3655/1.3026 descend), on fresh acceleration higher on Tuesday.
Resistances were cracked on Monday’s spike to…
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WTI OIL – recovery is consolidating above 10SMA
WTI oil price consolidates on Monday after Friday’s strong rally which fully retraced last Tuesday’s sharp $56.75/$54.80 fall.
Friday’s close above 10SMA ($56.33, now again acting as initial support) was bullish signal.
Overall structure…
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AUDUSD – bears are taking a breather above weekly 100SMA
The pair trades within tight consolidation on Monday after broader bears found footstep at 0.7540 zone (weekly 100SMA).
Stronger bounce cannot be ruled out as slow stochastic is reversing from oversold territory on daily chart while RSI is…
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USDJPY – consolidation to precede fresh weakness
The pair is consolidating above five-week low at 111.88 on Monday after cracking key support at 111.90 (Fibo 38.2% of larger 107.31/114.73 ascend) but without break lower for now.
Bearish near-term bias favors further downside after…
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GBPUSD – bulls look for break above cloud and fresh extension higher
Cable extends advance for the fourth straight day on Monday and broke again into daily cloud (spanned between 1.3214 and 1.3261) after Friday’s surge deep into cloud stalled and closed for the day below cloud base.
Daily studies remain…
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EURUSD dipped in Asia but key supports stay intact
The Euro stands in red at the beginning of the week, pressured by political uncertainty in Germany.
The pair was down to one-week low at 1.1722 in Asia (dip was contained by 30 SMA) after opening on Monday below 55SMA (1.1789) which…
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USDCAD – Loonies falls after Canada CPI data disappointed traders on release along with forecast
The pair surged above 1.2800 barrier and hit new over one-week high at 1.2815 on Friday after Canada’s Oct inflation numbers came along with expectations (0.1% vs 0.1 f/c; Core 0.3% vs 0.3% f/c) disappointing many traders who expected…
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