USDJPY Outlook: Bears Consolidate Above Strong Fibo Support At 111.97, Awaiting Fresh Signal From US CPI Data
Dollar’s steep six-day fall found footstep at important Fibo support at 111.97 (61.8% of 110.38/114.54 rally). The pair is consolidating above new three-week low on Thursday, after the greenback suffered the biggest one-day losses since 06 Sep on Wednesday, after...
XAUSD Intraday Analysis
Gold prices have now surged above the local 1196.41 region that saw key support last week. For now, price remains in the middle range of the larger contracting triangle pattern which has framed price action over the last few weeks....
USDJPY Outlook: Bearish Signal on Eventual Break Below 112.95 Fibo Support
The dollar accelerated lower to new two-week low at 112.73 against yen as US stocks fell in early trading on Thursday. Fresh weakness emerged from session high at 113.28, where recovery attempts stalled and generating negative signal on eventual break...
WTI OIL Outlook: Fresh Weakness Pressures Important Fibo Support at $73.05
WTI oil accelerated lower in early US trading on Wednesday and hit session low at $73.40. Fresh weakness in the Wall Street pushed oil prices lower, with traders looking for the impact of Hurricane which hit the Gulf of Mexico....
GBP/USD: GDP Data Failed To Produce Any Move
Brexit news is likely to bring another major move for sterling and this could be this week No move in Pound despite the fact that the manufacturing production numbers were weak and the index of services has seen a fairly...
AUDUSD Outlook: Recovery Attempts Face Strong Headwinds From 10SMA /Fibo Barriers
Recovery rally from temporary base at 0.7042 extends into third straight day but rally was so far capped by falling 10SMA (0.7133), showing initial signs of stall. North-heading slow stochastic which reversed from oversold territory supports for further recovery, but...
Japan 225 Index Holds at 3-Week Lows; Retains Upside Outlook
The Japan 225 index has been underperforming over the last three days and today recorded a three-week low of 23315. The aggressive selling scenario is confirmed by the technical indicators; the RSI dropped below the positive area, after the bounce...
EUR/USD Extends Decline on Dollar Strength, Italy Concerns
The dollar’s bullish trend has been gaining traction in what has so far been a quiet week data-wise. It has risen against all major currencies in recent trade except the Japanese yen, with the latter finding support from safe haven...
USDJPY Outlook: Direction Signal Expected On Break Of 20 Or 10SMA Pivots
The pair consolidates within narrow range on Tuesday after three-day pullback from 114.54 double-top cracked key support at 113.15 (200WMA) but was contained by rising 20SMA which continues to limit the downside (currently at 112.91). Failures to clearly break below...
GBPUSD Outlook: Fresh Weakness Increases Risk Of Testing Key Support
Cable stands at the back foot on Tuesday and eases to 1.3050 (10SMA) after strong rally of Thu/Fri briefly extended on Monday to 1.3132 but failed to clearly break above converging 20/100SMA’s (1.3090/1.3102). Fresh easing shifts near-term focus lower and...
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