Research Desk

USDTRY

15

Jan2018
The USDTRY bounced on Monday after repeated failure to break below the base of rising daily cloud (currently at 3.7530). Another strong support lies in this zone – Fibo 38.2% of 3.8883/3.9814 rally and reinforces cloud base support. Today’s rally retraced the biggest part of Thu/Fri fall from 3.8056 to 3.7446 and ... Read More
January 15, 2018Research Desk
copper

15

Jan2018
Copper rallied strongly on Monday and broke above four-day congestion, signaling that corrective phase from new high at $3.3200 may be over. The metal received fresh support from weakening dollar which came under increased pressure on Monday and spiked to $3.2900 so far, near Fibo 76.4% of $3.3200/$3.2065 pullback. Today’s close above ... Read More
January 15, 2018Research Desk
copper

12

Jan2018
Copper price eased on Friday after Chinese data showed a sharp decline of metal’s imports in December. The price was down to the session low at $3.2215, on decline from Asian high at $3.2475. Near-term price action is moving within narrowing range and holding between rising 20SMA and descending 10SMA on daily ... Read More
January 12, 2018Research Desk
oil

12

Jan2018
WTI oil eased on Friday from new high at $64.75 (the highest from late 2014) posted previous day) but holding high for now. Overall picture remains bright on bullish techs and positive sentiment, with the contract being on track for the fourth consecutive bullish weekly close, however oil price is expected ... Read More
January 12, 2018Research Desk
gold

12

Jan2018
Bulls accelerated on Friday to new 4-month high on broadly weaker dollar, signaling continuation of larger uptrend from $1236 (12 Dec low). Fresh bullish acceleration took out barrier at $1328 (Fibo 76.4% of $1357/$1236), eyeing barriers at $1334 (13/15 Sep highs) and $1340 (11 Sep high) which marks the last obstacle ... Read More
January 12, 2018Research Desk
USDCHF

12

Jan2018
The pair remains under strong pressure and holding firmly in red for the third straight day, following repeated upside rejection at daily cloud base earlier this week. Today’s fresh bearish extension pressures key support at 0.9699 (02 Jan low) and threatening for break lower which would trigger extension of broader downtrend ... Read More
January 12, 2018Research Desk
AUDUSD

12

Jan2018
The Aussie eases on Friday after hitting new high at 0.7904 on probe above key barriers at 0.7886 (Fibo 61.8% of 0.8124/0.7500) and 0.7897 (13 Oct lower high). The pair came under pressure on downbeat China imports data (4.5% in Dec vs 13.0% f/c and 17.7% previous month). The structure remains firmly ... Read More
January 12, 2018Research Desk
USDJPY

12

Jan2018
The pair is holding in narrow consolidation in early Friday’s trading, taking a break after strong fall in past three days. Bears approached key support at 110.83 (27 Nov low) on yesterday’s extension of strong fall on Wednesday. Sustained break here would spark fresh bearish acceleration towards targets at 110.15/00 (Fibo 61.8% ... Read More
January 12, 2018Research Desk
GBPUSD

12

Jan2018
Cable ticked higher on Friday, in attempts to extend recovery rally from the previous day, driven by weaker dollar, but limited upside seen so far. Bulls are lacking strength for stronger advance, holding in the middle of two-week 1.3457/1.3612 range. Daily studies show MA’s in bullish setup but RSI and Momentum in ... Read More
January 12, 2018Research Desk
USDCAD

05

Jan2018
USDCAD fell to the lowest levels since late Sep 2017, on over 150-pips bearish acceleration after US / Canada jobs data. The greenback came under pressure on US NFP data miss while upbeat Canada employment figures (78.6K new jobs created in December vs 1K f/c) strongly boosted the loonie. Fresh bearish acceleration ... Read More
January 5, 2018Research Desk
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