USDJPY remains directionless and ranging between 10/30 SMA’s
The pair remains in directionless mode for the second day as Friday’s trading ended in Doji candle and action in early Monday holding in a narrow range.
Price action is capped under 10SMA (113.78) which marks the upper pivot and supported…
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EURUSD corrects lower but underlying n/t bulls remain in play
The Euro eases on Monday after three-day rally last week which peaked at 1.1677 and was capped by broken neckline of daily H&S pattern.
Pullback so far looks as corrective action as underlying near-term bias remains bullish.
Dip-buying…
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Sterling is sharply lower on Monday on political uncertainty
Cable was sharply lower in early Monday’s trading after negative news for PM May were released during the weekend and pound remains vulnerable as Brexit talks face key deadlines.
The pair slipped below strong 1.3110 support (Fibo 61.8% of…
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DAX – strong bearish signal is developing on weekly chart
DAX holds in red on Friday and attempts again through cracked Fibo support at 13144 (61.8% of 12906/13530 upleg) after repeatedly breaking below 20SMA (13164).
Thursday’s dip to new two-week low at 13103 was short-lived and failed to…
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USDTRY – signals of reversal are building
The USDTRY bulls show strong hesitation under new 11-month high at 3.9007 as price action remains shaped in tight daily Doji candle for the second day.
Recent repeated upside failures suggest bulls may be running out of steam ahead of…
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EURGBP – at the back foot after rallies were repeatedly capped
The cross is in red on Friday and pressures initial support at 0.8828 (10SMA) after upside attempts were repeatedly capped by descending 20SMA (currently at 0.8870).
Pound was boosted by overall solid UK data today and cross may extend…
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GBPJPY is stuck between bear-trendline and daily cloud top
The cross is holding within tight rage on Friday with downside remaining at risk after Thursday’s action ended in long-legged Doji.
Top of daily cloud keeps the downside protected for now, despite several dips into cloud.
Upside attempts…
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WTI OIL – several factors warn of pullback
WTI oil price firmed above $57.00 on Friday, extending recovery from Wednesday’s low at $56.40, but still holding well below multi-month high at $57.90.
Overall picture remains bullish and supported by strong signs of oil market tightening…
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AUDUSD – downside at risk as 200SMA caps
The Australian dollar holds in directionless mode after Thursday’s action ended in long-legged Doji and upside attempts being repeatedly capped by 200SMA (0.7697) which limited action of this week.
Overall picture remains negative and keeps…
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USDJPY bounces from Thursday’s low but risk remains on downside
The pair is recovery mode on Friday and reversed some of previous day’s losses, but near-term action remains biased lower.
Red daily candles in past two days weigh on near term action, as the pair is stuck around 20SMA (113.48) which was…
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