Windsor News & Research Blog - Forex Market Analysis & Trading Insights

Spot Gold accelerates higher after descend following strong upside rejection found footstep at $1275 and closed above rising daily Tenkan-sen, keeping hopes of fresh upside alive. Broadly lower dollar keeps the yellow metal on front foot on…
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WTI oil price bounced on Friday following two-day consolidation above correction low at $54.80, posted after sharp fall on Tuesday. Recovery was so far capped at $56.00 zone (Fibo 38.2% of $57.90/$54.80 pullback) with break here needed to…
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The Kiwi dollar accelerated strongly lower on Friday, extending steep bear-leg off 0.6979 into seventh straight day. Fresh bears broke below key support at 0.6817 (former low of 27 Oct) and extended weakness to new lows, last traded in…
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Bears resumed on Friday and test target at 0.7541 (weekly 100SMA), also eyeing support at 0.7516 (Fibo 76.4% of 0.7328/0.8124 ascend). Firm bearish structure of daily techs is supportive for further downside, but bears may take a breather,…
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The pair accelerated further down on Friday after n/t bears from 114.73 peak took a breather on Thursday for consolidation. Fresh weakness found footstep just ahead of initial target at 112.31 (top of thick weekly cloud), violation of which…
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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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