Brent Oil Outlook: Brent Hits New 2019 High
Brent oil cracked psychological $65.00 barrier on Friday and hit new 2019, in extension of the rally in past three days which generated bullish signal on Thursday’s close above pivotal barriers at $64.12/19 (daily cloud top / Fibo 38.2% of...
WTI Oil Outlook: Bulls Probe Above Daily Cloud As OPEC Production Cut Underpins Oil Prices
WTI oil price cracked the top of falling daily cloud ($55.15) on Friday, extending advance into fourth straight day. Voluntary production cut by OPEC members and their allies in order to tighten oil market, started giving results, with signals for...
USD/JPY Outlook: Risk Of Deeper Pullback On Break Below 10SMA
The pair stands at the back foot on Friday after double rejection under important 200SMA barrier and downbeat US retail sales on Thursday hurting the greenback. Bearish extension in early Friday pressures pivotal supports at 110.22/19 (broken Fibo 61.8% /...
US Economy Slows
December’s retail sales gave a stark reminder that the economy is not rosy anymore. They contracted 1.2% monthly in December versus +0.1% expected, and November’s figures were downwardly revised. This is the largest contraction since September 2009. Similarly, the gauge...
UK Retail Sales Data Beats, Chinese Bank Chinese Banks Go On A Lending Binge In Jan
Notes/Observations Some risk aversion sentiment in session as no visible progress on US-China high-level trade talks UK Jan retail sales beat expectations with upward back-month revisions China Jan New Yuan Loans hit a record high at CNY3.23T; hints that monetary...
GBP/USD Will Fall To 1.2760
During the previous trading session, the British Pound passed through the support level of the weekly S1 at 1.2831. On Friday morning, the rate was located at the 1.2805 mark. In regards to the near-term future, most likely, the British...
USD/JPY Is Supported By 200-Hour SMA
During the previous trading session, the USD/JPY passed through the support level of the weekly R1 at 110.51. On Friday morning, the 200-hour simple moving average supported the rate to push it to trade at the 110.38 mark. In regards...
XAU/USD Surges To 1,320.00
During the previous trading session, the yellow metal appreciated against the US Dollar to break the resistances of the simple moving averages. On Friday morning, the rate was supported by the 200-hour and the 100-hour SMAs to trade at the...
EUR/USD Declines To S2 At 1.1229
During the previous trading session, the European Single Currency was resisted by the 55-hour simple moving average to pass the support level of the weekly S1 at 1.1276. On Friday morning, the rate was located at the 1.1265 mark. In...
USD/CAD Target At 1.3371
The US Dollar has been trading in a junior ascending channel pattern against the Canadian Dollar since the beginning of February. The currency pair breached the monthly pivot point at 1.3302 during yesterday’s session. Given that the currency exchange rate...
Signal2forex.com - Best Forex robots and signals




