Continuum_Economics

Continuum_Economics Feb 19, 2021

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,...

Continuum_Economics Feb 18, 2021

16:10 GMT - The pullback from 91.00 has all but reached 90.50. Prices are currently balanced above here, but negative intraday studies suggest risk of further slippage towards the 90.10 Fibonacci retracement, where improving daily stochastics and the flattening Tension Indicator could prompt fresh consolidation. Following corrective trade, rising weekly charts...

Continuum_Economics Feb 18, 2021

16:10 GMT - The pullback from 91.00 has all but reached 90.50. Prices are currently balanced above here, but negative intraday studies suggest risk of further slippage towards the 90.10 Fibonacci retracement, where improving daily stochastics and the flattening Tension Indicator could prompt fresh consolidation. Following corrective trade, rising weekly charts...

Continuum_Economics Feb 17, 2021

12:45 GMT - The break above the 105.77 weekly high of 5 February has reached the 106.00/10 area, where unwinding overbought intraday studies are prompting short-term consolidation. Daily stochastics and the Tension Indicator continue to track higher, however, and background weekly charts are positive, highlighting further gains in the coming sessions. A later...

Continuum_Economics Feb 17, 2021

12:45 GMT - The break above the 105.77 weekly high of 5 February has reached the 106.00/10 area, where unwinding overbought intraday studies are prompting short-term consolidation. Daily stochastics and the Tension Indicator continue to track higher, however, and background weekly charts are positive, highlighting further gains in the coming sessions. A later...

Continuum_Economics Feb 16, 2021

Little change, whilst prices extend consolidation aroubd 1.2150. The daily Tension Indicator continues to track higher, highlighting a break, but overbought daily stochastics and negative weekly charts are expected to limit any tests/break of 1.2200 in fresh selling interest. Meanwhile, support remains at 1.2100 and extends to the 1.2082 low of 12 February. A...

Continuum_Economics Feb 16, 2021

Little change, whilst prices extend consolidation around 1.2150. The daily Tension Indicator continues to track higher, highlighting a break, but overbought daily stochastics and negative weekly charts are expected to limit any tests/break of 1.2200 in fresh selling interest. Meanwhile, support remains at 1.2100 and extends to the 1.2082 low of 12 February. A...

Continuum_Economics Feb 15, 2021

Consolidation is giving way to a fresh break higher to 1.3900, as intraday studies track steadily higher. Both daily and weekly Tension Indicators remain positive, highlighting scope for further gains in the coming sessions, with a close above 1.3900 extending March 2020 gains towards historic congestion around 1.4000 and the 1.4030 weekly high of late April 2018....

Continuum_Economics Feb 15, 2021

Consolidation is giving way to a fresh break higher to 1.3900, as intraday studies track steadily higher. Both daily and weekly Tension Indicators remain positive, highlighting scope for further gains in the coming sessions, with a close above 1.3900 extending March 2020 gains towards historic congestion around 1.4000 and the 1.4030 weekly high of late April 2018....

Continuum_Economics Feb 12, 2021

14:50 GMT - The pullback towards 90.00/10 has found fresh support at 90.25, whilst intraday studies track higher and oversold daily stochastics flatten. The break above 90.50 has opened up the 91.00 break level, but the falling Tension Indicator is expected to limit any immediate tests in fresh consolidation. Weekly charts continue to improve, however, suggesting...

Continuum_Economics Feb 12, 2021

14:50 GMT - The pullback towards 90.00/10 has found fresh support at 90.25, whilst intraday studies track higher and oversold daily stochastics flatten. The break above 90.50 has opened up the 91.00 break level, but the falling Tension Indicator is expected to limit any immediate tests in fresh consolidation. Weekly charts continue to improve, however, suggesting...

Continuum_Economics Feb 11, 2021

The corrective bounce from the 1.1952 weekly low of 5 February is settling into consolidation below 1.2150, whilst overbought intraday studies unwind. Daily stochastics and the Tension Indicator continue to track higher, however, highlighting a later break above 1.2150, but overbought momentum readings and negative weekly charts are expected to prompt fresh...

Continuum_Economics Feb 11, 2021

The corrective bounce from the 1.1952 weekly low of 5 February is settling into consolidation below 1.2150, whilst overbought intraday studies unwind. Daily stochastics and the Tension Indicator continue to track higher, however, highlighting a later break above 1.2150, but overbought momentum readings and negative weekly charts are expected to prompt fresh...

Continuum_Economics Feb 10, 2021

11:45 GMT - Short-term consolidation around the 1.3775 Fibonacci retracement has given way to fresh gains, whilst intraday and daily studies continue to improve, with prices now trading above 1.3800. Focus is turning to 1.3900, but rising weekly and monthly charts highlight still further gains, and extension of the broad March 2020 rally towards historic...

Continuum_Economics Feb 10, 2021

11:45 GMT - Short-term consolidation around the 1.3775 Fibonacci retracement has given way to fresh gains, whilst intraday and daily studies continue to improve, with prices now trading above 1.3800. Focus is turning to 1.3900, but rising weekly and monthly charts highlight still further gains, and extension of the broad March 2020 rally towards historic...

Continuum_Economics Feb 9, 2021

13:25 GMT - The anticipated exhaustive run towards the 106.00 Fibonacci retracement has given way to a pullback, as unwinding intraday studies prompt fresh selling interest and push prices below 105.00. Overbought daily stochastics are also unwinding, and the positive Tension Indicator is turning down, highlighting a deterioration in sentiment. Focus is on...

Continuum_Economics Feb 9, 2021

08:40 GMT - The anticipated exhaustive run towards the 106.00 Fibonacci retracement has given way to a pullback, as unwinding intraday studies prompt fresh selling intraday and push prices below 105.00. Overbought daily stochastics are also unwinding, and the positive Tension Indicator is turning down, highlighting a deterioration in sentiment. Focus is on...

Continuum_Economics Feb 8, 2021

14:30 GMT - Profit-taking from 91.50 has reached congestion around 91.00, where oversold intraday studies are prompting short-term reactions. Daily stochastics and the Tension Indicator continue to track lower, however, highlighting a deterioration in sentiment and scope for further slippage towards 90.50. Rising weekly charts should limit any immediate tests in...