OPEC Deal May Fail Due To Moscow’s Position
OPEC prepared for a further day of talks on oil-production curbs after a summit on Thursday ended with no deal, as Russia resisted the big output cut that Saudi Arabia was demanding. After six-hour meeting in Vienna, Saudi Energy Minister...
US 30 Index Cautiously Negative In Short Run, Neutral Overall
The US 30 index remains on the back foot, having crossed back below its 50- and 200-day simple moving averages (SMAs) in recent sessions. The price structure of lower highs on the daily chart suggests the bias is negative at...
AUD/USD Outlook: Bears Take A Breather After Steep Fall, US Jobs Data Eyed For Fresh Signals
The Australian dollar consolidates after strong fall in past four days (down nearly 2%) which was contained by daily cloud top/55SMA (0.7190). Long tail of Thursday’s daily candle signals that bears might be running out of steam and attempts to...
EURUSD Awaiting Technical Confirmation
The euro continues to consolidate in the middle of its recent trading range against the US dollar, as traders await the outcome of the US monthly jobs report later today. A clear break below the 1.1300 support level may prompt...
GBPUSD Weakening Ahead Of US Job Report
The British pound is back under pressure against the greenback, with price-action turning bearish ahead of the US Nonfarm payrolls job report. A better than expected jobs figure from the US economy may provoke GBPUSD selling towards the 1.2657 level,...
NZD/USD Close Above 0.6900 Is Needed For Stronger Impulse
0.6860-70 is the POC zone. A rejection from the POC zone is possible due to strong Weekly trend and H4 alignment. Two trendlines also mark the uptrend and smaller pinbars cue for now moment buyers. Targets are 0.6900, 0.6958 and...
GBPJPY Tumbles Below Falling Trend Line, Neutral In Medium Term
GBPJPY has declined considerably after touching a two-month high of 149.50 at the beginning of November. In the short-term the price seems to be negative, while in the daily chart the pair remains in a sideways channel over the last...
Gold Analysis: Breaks Resistance Of 1,240.00
The yellow metal managed to pass in the resistance levels just above the 1,240.00 level and score a new high level during the second half of Thursday’s trading session. However, after the surge it retreated back down to look for...
USD/JPY Analysis: Pierces Dominant Pattern
The USD/JPY has pierced the lower trend line of the dominant ascending channel pattern. It is signalling that a head and shoulders pattern exists on the charts. In general, the breaking of the support level indicates that the decline of...
Sentiments Stabilized with DOW’s Late Rebound, Dollar Turns to Non-Farm Payrolls
Risk sentiments generally stabilized after the late rebound in US stocks overnight. DOW hit as low as 24242.22 but closed at 24947.67. Down just -0.32%. S&P 500 also hit as low as 2621.53 but closed at 2695.95, down only -0.15%....
Signal2forex.com - Best Forex robots and signals




