WTI OIL – fresh bearish acceleration probes below 10SMA
WTI oil was sharply lower in early US session as strong fall US stock indexes after Wall St opening inflated the dollar.
Fresh weakness probes through pivotal rising 10SMA support ($56.23), generating another bearish signal for reversal…
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The Euro is consolidating under fresh three-week high at 1.1764
The Euro was up 0.75% on Tuesday on strong bullish acceleration after solid EU data.
The rally peaked at 1.1764, the highest since 26 Oct, denting Fibo 61.8% pivot at 1.1755 and shifting focus towards 55SMA (1.1796) and daily cloud base…
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WTI OIL – break below rising 10SMA is needed to generate stronger reversal signal
WTI oil remains in red on Tuesday with reversal signal developing on daily chart but downside attempts are still limited and holding above rising 10SMA which marks the first pivot at $56.27.
Near-term price action shows no clear direction…
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EURGBP – fresh bulls penetrate into daily cloud; 0.9000+ advance likely n/t scenario
The cross advances through key barrier at 0.8938 (02 Nov post-BoE rally peak) to fully retrace 0.8938/0.8791 downleg and signal extension of recovery leg from 0.8791 trough.
Today's bullish acceleration penetrated into thick daily cloud…
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GBPJPY eases but still away from key daily cloud top support
The cross dipped on weaker than expected UK data, turning near-term focus lower after upside attempts were repeatedly capped by 10SMA.
Additional pressure comes from formation of 10/20SMA bear-cross which could result in fresh attack at…
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USDJPY – bulls pressure pivotal 114.00 resistance zone
The pair extends recovery from 113.22 higher base on Tuesday and probes through 10SMA barrier at 113.80.
Bounce from 113.09 correction low so far retraced 50% of 114.73/113.09 pullback and needs sustained break above 113.90/114.10 barriers…
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GBPUSD holds negative tone under daily cloud; UK data in focus
Cable is in directionless mode in early Tuesday’s trading but maintaining negative bias following Monday’s bearish close and awaiting UK data for fresh signals.
Rising 100SMA and Fibo 61.8% of 1.2773/1.3655 (1.3112/10) are marking immediate…
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EURUSD advances after strong German Q3 GDP; data from EU in focus
The Euro holds firm tone on Tuesday and rose to three-week high on bullish acceleration after upbeat German GDP data (Q3 GDP 0.8% vs 0.6% f/c / prev).
Bullish signals were generated on advance through 20SMA (1.1674) and broken neckline…
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GBPJPY retests key daily cloud top support as pound comes under renewed pressure
The cross probed again key supports at 148.17/22 (daily cloud top / asymmetric H&S neckline) on Monday after sterling came under pressure on concerns about Brexit negotiations and political strength of UK PM Theresa May.
Renewed bearish…
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USDCAD – reversal pattern is forming on daily chart
The pair bounced above 1.2700 handle on Monday and signaling reversal after pullback from 1.2916 peak found footstep at 1.2665 where daily Kijun-sen contained dip.
Morning Doji star is forming on daily chart as recovery rally surged through…
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