News & Articles
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24

Nov2017
The cross remains constructive and briefly extended recovery on Friday but gains faced strong headwind from base of thick daily cloud (0.8920) which so far capped the upleg from 0.8841 trough. Cloud base is reinforced by daily Tenkan-sen (0.8927) and marks significant barrier which could encourage fresh shorts on reversal signal ... Read More
November 24, 2017digimar
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24

Nov2017
Early Friday’s action remains in red as recovery leg from 0.7530 shows initial signs of stall. Falling trendline off 0.8102 (20 Sep high) marks strong barrier (reinforced by 20SMA) and continues to cap corrective attempts. Overbought slow stochastic on daily chart adds to growing downside risk. Today’s close in red will be bearish ... Read More
November 24, 2017digimar
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24

Nov2017
Reversal signal is forming on daily chart after yesterday’s trading ended in tight Doji. Fresh recovery attempts today were so far limited and lacking momentum for stronger upside which requires break above 100/200SMA’s (111.64/70) which are diverging and generating bearish signal. Immediate risk will remain at the downside while the latter barriers ... Read More
November 24, 2017digimar
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24

Nov2017
Cable is slightly lower on Friday after Thursday’s close in red, but holding above daily cloud top which offers strong support at 1.3273. Bullish sentiment is expected to stay in play while consolidation holds above cloud top, as bullish techs on daily chart remain supportive. However, recent rallies still lack close above ... Read More
November 24, 2017digimar

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