WTI Oil Outlook: Fresh Acceleration Higher Eyes Targets at $59.62/$60.00
WTI oil accelerated above $59 barrier on Monday and posted new 2019 high at $59.14, maintaining strong bullish sentiment and signaling continuation of larger uptrend from $42.36 (24 Dec low) after two-day pause, marked by double-Doji on Thu/Fri. Fresh boost...
US 30 Index dtands Above ‘Golden cross’; Indicators Signal Weakness
The US 30 index recorded a bullish signal in the previous week, completing a golden cross within the 50- and the 200-simple moving averages (SMAs) in the daily timeframe. Today, though, the index is on the backfoot and the technical...
Crude Oil Expect 57.80
Pivot (invalidation): 58.65 Our preference Short positions below 58.65 with targets at 58.15 & 57.80 in extension. Alternative scenario Above 58.65 look for further upside with 58.95 & 59.20 as targets. – advertisement –
Comment The RSI calls for...
Market Morning Briefing: USDCNY Has Trend Support Near 6.70
STOCKS Indian indices, the Sensex and Nifty 50 remains strong and continue to outperform their global peers. They are likely to move further higher in the coming days. On the global front, Nikkei and DAX are bullish and can move...
EUR/USD Volatility Hits a 3-Month Low – Could We See Another Bearish Reversal?
With the never-ending Brexit saga garnering all the headlines, volatility in EUR/USD has dried up. The 3-month implied volatility reading for the world’s most-traded currency pair dropped below 5.60% today, its lowest reading in five years. In addition to the...
NZDUSD Latest Rebound May Stall in Short-Term
NZDUSD corrected below two-week lows after the RSI reached overbought territory, with the price launching slightly above the 50-period moving average in the four-hour chart on Thursday. On Friday the market resumed bullish momentum, but with the RSI reversing towards...
EUR/CAD Poised for a Rally?
Despite the data out just a few moments ago that Canadian manufacturing sales rebounded by a good 1.0% (vs. 0.4% expected), the medium-term lower highs and the lack of a clear short-term trend, we think this FX pair is looking...
GBPJPY Heads Higher Towards Key Resistance Level
GBPJPY heads higher towards key resistance level as it retain its short term uptrend. On the downside, support comes in at the 147.50 level where a violation will aim at the 147.00 level. A break below here will target the...
AUD/USD Outlook: Aussie Ticks Higher On Improved Risk Sentiment But The Downside Remains Vulnerable
The Aussie stands at the front foot on Friday following double rejection at daily cloud base/10SMA (0.7050/64), but the upside remains limited by cloud top /20SMA (0.7096/98) for now. Improved risk sentiment on US/China trade talk progress inflated the Australian...
EUR/USD Outlook: Repeated Close Above Key Fibo Barrier To Signal Recovery Extension
The Euro regained traction on Friday and recovered the most of Thursday’s 1.1337/1.1294 dip after four-day rally stalled at falling 30SMA. Thursday’s close in red and failure to repeatedly close cracked Fibo barrier at 1.1326 (38.2% of 1.1569/1.1176) softened near-term...
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