EURGBP – bulls hesitate ahead of daily cloud top
The cross eases below 0.9000 handle which was dented on today’s spike to 0.9013, showing strong hesitation at key 0.9026 barriers (daily cloud top / former highs of 10/20 Oct).
The price is holding within thick daily cloud and maintaining…
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USDTRY – retest of all-time high remains in play
The pair holds firm tone after shallow correction from 3.90 was completed and fresh rally spiked at 3.9103 on Tuesday.
Today’s action shows hesitation at 3.90 but the price remains well above rising 10SMA (3.8617) which tracks the advance…
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Dollar Index stays firmly in red ahead of US data
The greenback remains under strong pressure against its major counterparts and extends steep descend into fifth straight day.
Bears broke below strong double-Fibonacci support at $93.50 zone, reinforced by 100SMA today, signaling further…
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DAX – break below key supports at 12900 zone signals further downside
DAX is in firm bearish mode and accelerated further down after opening with gap lower on Wednesday.
Fresh strength of the Euro keeps the index under increased pressure as today’s weakness broke key short-term supports at 12906/12892 (25 Oct…
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Nikkei 225 – extended bears eye Fibo support at 21762
Nikkei is sharply lower on Wednesday, extending pullback from new multi-year high at 23420 into fifth straight day.
Bearish acceleration through strong support at 22035 (daily Kijun-sen) and psychological 22000 support pressures next…
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WTI OIL remains under pressure and could extend weakness on crude inventories surprise build
WTI oil is consolidating ion Wednesday after sharp over 3% fall the previous day. Oil price was under pressure on Tuesday on strong reversal signals and accelerated strongly lower after release of API weekly oil data showed unexpected and…
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SPOT GOLD advances on weaker dollar; US data in focus for fresh signals
Spot Gold extended advance of past two days and cracked strong resistance provided by daily Kijun-sen line at $1284.
Fresh weakness of the US dollar keeps gold price inflated for further advance. Bulls focus barriers at $1288/90 (09 Nov…
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USDJPY in strong bearish acceleration ahead of US data
Strong bearish acceleration on Wednesday eventually broke below daily Kijun-sen (113.19) which kept the downside protected in past one week and extended weakness through next significant support at 112.95 (31 Oct trough).
Fresh bears also…
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Cable – bulls pressure daily cloud base; UK earnings data in focus
Cable is steady in early Wednesday’s trading and tested Tuesday’s high at 1.3186, where daily Kijun-sen capped the rally. Firm near-term tone following Tuesday’s rally signals further upside and test of daily cloud base (1.3214) which…
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EURUSD – extension of strong rally penetrates daily cloud
The Euro holds firm tone on Wednesday following previous day’s strong rally when the single currency rallied 1.13%, boosted by upbeat German economic data and solid EU figures.
Fresh bullish extension in early European trading on Wednesday…
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