Continuum_Economics

Continuum_Economics

Consolidation around 1.2000 has given way to the anticipated break higher, with rising intraday studies prompting a break to the 1.2035 Fibonacci retracement. Daily readings are also positive, and weekly charts continue to improve, highlighting a more robust tone and extension of March gains towards the 1.2115 retracement. Meanwhile, support is raised to...

Continuum_Economics

The test of the 93.44 Fibonacci retracement and congestion around 93.50 is giving way to a short-term pullback, whilst intraday studies track lower and overbought daily stochastics turn down. Congestion support at 93.00 is under pressure, but the rising Tension Indicator and improving weekly charts should limit any break to fresh consolidation above 92.50....

Continuum_Economics

13:10 GMT - Consolidation below 109.00 is giving way to fresh losses, as intraday studies track lower, with prices now approaching the 108.34 weekly low of 10 March. Falling daily stochastics and the bearish Tension Indicator highlight a deterioration in sentiment and potential for a later break towards 108.00. Beneath here is 107.50. Meanwhile, a close above...

Continuum_Economics

13:35 GMT - The break above 109.00 is meeting fresh selling interest just below the 109.50 Fibonacci retracement, whilst intraday studies track lower. Daily stochastics are also under pressure, unwinding negative divergence, and the positive Tension Indicator is flattening, highlighting increased downside risks in the coming sessions. Immediate support is at...

Continuum_Economics

13:35 GMT - The break above 109.00 is meeting fresh selling interest just below the 109.50 Fibonacci retracement, whilst intraday studies track lower. Daily stochastics are also under pressure, unwinding negative divergence, and the positive Tension Indicator is flattening, highlighting increased downside risks in the coming sessions. Immediate support is at...

Continuum_Economics

Anticipated losses have reached the 1.3775 low of 12 February, where unwinding oversold intraday studies are prompting short covering and consolidation. However, daily stochastics and the Tension Indicator continue to track lower, highlighting further deterioration in sentiment and scope for further losses in the coming sessions. A later close below 1.3775 will...

Continuum_Economics

Anticipated losses have reached the 1.3775 low of 12 February, where unwinding oversold intraday studies are prompting short covering and consolidation. However, daily stochastics and the Tension Indicator continue to track lower, highlighting further deterioration in sentiment and scope for further losses in the coming sessions. A later close below 1.3775 will...

Continuum_Economics

14:15 GMT - Anticipated losses have spiked below congestion around 0.7650, with unwinding oversold intraday studies prompting a bounce from the 0.7620 Fibonacci retracement. Short-term gains are possible, before negative daily stochastics and the falling Tension Indicator extend losses still further. A later break below 0.7620 will open up critical support at the...

Continuum_Economics

14:15 GMT - Anticipated losses have spiked below congestion around 0.7650, with unwinding oversold intraday studies prompting a bounce from the 0.7620 Fibonacci retracement. Short-term gains are possible, before negative daily stochastics and the falling Tension Indicator extend losses still further. A later break below 0.7620 will open up critical support at the...

Continuum_Economics

13:30 GMT - Still no change in the bullish tone, as daily stochastics and the Tension Indicator continue to track higher. The break above the 107.15 Fibonacci retracement has improved sentiment once again, with JPY-driven trade extending January gains towards congestion around 107.50. Broad weekly charts are positive, highlighting later clearance towards...

Continuum_Economics

13:30 GMT - Still no change in the bullish tone, as daily stochastics and the Tension Indicator continue to track higher. The break above the 107.15 Fibonacci retracement has improved sentiment once again, with JPY-driven trade extending January gains towards congestion around 107.50. Broad weekly charts are positive, highlighting later clearance towards...

Continuum_Economics

Support is appearing at 1.3860, whilst oversold intraday studies unwind, with prices now pressuring 1.4000. Just higher is the 1.4026 high of 26 February, but the falling Tension Indicator is expected to limit any tests/break of here in fresh selling interest. In the coming sessions, consolidation is expected to give way to fresh losses, with a later break below...

Continuum_Economics

Support is appearing at 1.3860, whilst oversold intraday studies unwind, with prices now pressuring 1.4000. Just higher is the 1.4026 high of 26 February, but the falling Tension Indicator is expected to limit any tests/break of here in fresh selling interest. In the coming sessions, consolidation is expected to give way to fresh losses, with a later break below...

Continuum_Economics

14:10 GMT - The anticipated run to 0.7800 has been seen. Intraday studies continue to point higher, suggesting scope for a break, but negative daily stochastics and the falling Tension Indicator should limit scope to 0.7855. Following corrective gains, expectations are for prices to come under fresh pressure, with a later break below 0.7700 targeting 0.7650....

Continuum_Economics

14:10 GMT - The anticipated run to 0.7800 has been seen. Intraday studies continue to point higher, suggesting scope for a break, but negative daily stochastics and the falling Tension Indicator should limit scope to 0.7855. Following corrective gains, expectations are for prices to come under fresh pressure, with a later break below 0.7700 targeting 0.7650....

Continuum_Economics

13:15 GMT - No change in the bullish tone, as daily stochastics and the Tension Indicator continue to track higher. January gains are now approaching congestion around 107.00 and the 107.15 Fibonacci retracement, where mixed intraday studies could prompt short-term reactions. Broader weekly charts are bullish, however, highlighting a later break and continuation...

Continuum_Economics

13:15 GMT - No change in the bullish tone, as daily stochastics and the Tension Indicator continue to track higher. January gains are now approaching congestion around 107.00 and the 107.15 Fibonacci retracement, where mixed intraday studies could prompt short-term reactions. Broader weekly charts are bullish, however, highlighting a later break and continuation...

Continuum_Economics

13:20 GMT - The corrective pullback is extending, whilst daily stochastics and the Tension Indicator continue to track lower, with the break below 105.50 adding fresh weight to sentiment. Focus is turning to congestion around 105.00 and the 104.80 Fibonacci retracement, where already oversold intraday studies could prompt short-term consolidation. Meanwhile,...