WTI futures break above crucial trendline and 50-day SMA Next target is the 61.8% Fibo, which held strong in January Momentum indicators tilt to the positive side WTI oil futures (March delivery) had been on the Read more…
WTI oil remains at the front foot and trading near one-month high, posted on Wednesday, after release of crude inventories report. Much stronger than expected drop in US crude stocks, mainly caused by bad weather, Read more…
Daily Pivots: (S1) 187.07; (P) 187.78; (R1) 188.42; More… GBP/JPY is extending the consolidation pattern from 188.90 and intraday bias stays neutral. Further rally is expected as long as 186.14 resistance turned support holds. On Read more…
Daily Pivots: (S1) 160.01; (P) 160.54; (R1) 161.10; More… Intraday bias in EUR/JPY stays neutral as consolidation from 161.84 is still in progress. Further rally is expected as long as 158.55 resistance turned support holds. Read more…
Daily Pivots: (S1) 0.8539; (P) 0.8551; (R1) 0.8565; More… EUR/GBP’s decline is still in progress despite loss of downside momentum. Intraday bias stays on the downside. Current fall from 0.8713 is part of the larger Read more…
Daily Pivots: (S1) 0.9372; (P) 0.9410; (R1) 0.9430; More… EUR/CHF’s break of 0.9404 minor support suggests rejection by 55 D EMA (now at 0.9447). Intraday bias is back on the downside for deeper pull back. Read more…
EURUSD rebounds off 200-day SMA But, remains beneath the rising trend line Technical signals are mixed EURUSD finds strong support at the 200-day simple moving average (SMA), which overlaps with the 1.0845 barrier. The pair Read more…
Short-term positive animal spirits have resurfaced in China and Hong Kong stock markets stoked by additional liquidity injection from PBoC and the creation of a “stabilization fund”. Long-term prospects are still dim as a liquidity Read more…
Daily Pivots: (S1) 1.0843; (P) 1.0888; (R1) 1.0929; More… Intraday bias in EUR/USD stays neutral first, as it quickly retreated after brief breach of 1.0915 minor resistance. On the downside, break of 1.0821 will resume Read more…
Daily Pivots: (S1) 1.2676; (P) 1.2726; (R1) 1.2774; More… Intraday bias in GBP/USD stays neutral first as consolidation from 1.2826 is still extending. Deeper pull back cannot be ruled out. But downside should be contained Read more…