Windsor News & Research Blog - Forex & CFD Market Analysis

Near-term bias remains negative following two-day fall after strong upside rejection deeply in the daily cloud and Friday’s recovery attempt stalling under cloud base. Daily slow stochastic reversed from overbought territory and heads…
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The pair eased on Thursday, remaining under for-day rally’s high at 1.2789, as loonies got boosted by better than expected Canadian data which offset negative impact from lower oil prices. Today’s dip to 1.2742 was contained by falling…
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Copper was up nearly 1% on Thursday on recovery acceleration from 2.0324. Bear-leg from 3.2580 (16 Oct peak) found footstep at 3.0324 (Fibo 61.8% of 2.8930/3.2580 ascend) above which Morning Doji Star reversal pattern is forming. Recovery…
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The cross is lower on Thursday and sees risk of further easing after Wednesday’s strong upside rejection on attempts to sustain break above 0.9013. Shooting star patter was formed on daily chart, warning of deeper fall as today’s bearish…
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Spot Gold stands at the back foot today following yesterday’s recovery stall ahead of key Fibo 61.8% barrier at $1290. Subsequent quick fall left bearish daily candle with long upper shadow that signaled strong upside rejection and risk of…
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WTI oil holds within narrow consolidation for the second day after falling sharply on Tuesday. Consolidation above correction low at $54.80 was so far capped by falling thick hourly cloud and shows no stronger signs of basing but remains…
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The pair is in recovery mode on Thursday after previous day’s fall to nearly one-month low at 112.47 and close below Fibo 23.6% support at 112.98 which was bearish signal. Bounce above 113.00 was so far limited by 30SMA (113.23) and holding…
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Cable is treading water in early Thursday after previous day’s action ended in Doji candle, showing indecision at key 1.3214 barrier (daily cloud base). Repeated rejections at cloud base and close below converged 20/30SMA’s (1.3170 zone)…
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The Aussie dollar showed little reaction on Australian jobs data which came mixed in October. Employment fell significantly, showing only 3.7K new jobs created in Oct, falling well below 17.5K forecast and upwards-revised Sep figure at…
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The Euro stands in red in early Thursday’s trading and extends lower after previous day’s strong upside rejection in the middle of daily cloud. Failure to sustain break in the cloud and subsequent quick pullback formed Shooting Star pattern…
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