Cliff Notes: Australia’s COVID-19 Recovery Continues to Gain Traction
Key insights from the week that was. This week highlighted Australia’s continued outperformance coming out of the COVID-19 recession. In the US meanwhile, there was clear evidence of the FOMC’s willingness to provide extraordinary support for years, if necessary. Beginning...
Crude Oil Set for Seventh Straight Weekly Gain
WTI oil is set to resume rally after narrow consolidation just under new multi-month high on Friday and on track for the seventh straight week of gains. Strong bullish sentiment is boosted by vaccine hopes as more countries give green...
Dollar in Weak Recovery in Quiet Pre-holiday Trading
Trading in the financial markets are rather subdued today, pretty much in pre-holiday mood. Dollar is still in recovery mode but upside momentum has been very weak. The greenback is set to end as the worst performing one, followed by...
NZDUSD Finds Support At 20-Period SMA, Positive In Medium-Term
NZDUSD is rising after the downside pullback off the 32-month high of 0.7170, which hit the 20-period simple moving average (SMA) at 0.7110. The RSI is pointing marginally up after the falling move from the overbought territory, while the MACD...
USD Seems To Be Rebounding
The USD yesterday continued to weaken against a number of its counterparts, yet during today’s Asian session rebounded somewhat recovering part of the yesterday’s losses. Fundamentally the negotiations in the US Congress about a fiscal stimulus deal seem to continue...
GER 30 Index Eyes February’s Record High, Bias Bullish
The German 30 index (cash) is in a breathing distance from February’s record high of 13,826 after finally breaching the tough resistance bar of 13,460. The technical picture continues to look constructive for additional gains as the red Tenkan-sen line...
GBPUSD Maintains Bullish Tone Despite Pullback
GBPUSD is currently finding some footing on the mid-Bollinger band around 1.3491, after reversing from a resistance band of 1.3607-1.3629, where it formed a 31½-month high of 1.3623. The rising simple moving averages (SMAs) are continuing to back price’s intact...
USD Index Outlook: Dollar Consolidates Above New 2 1/2 Year Low Before Bears Resume
Bears are taking a breather above new 2 1/2 year low on Friday, as traders collected some profits on 1% weekly fall. The dollar index broke through psychological 90 support, generating bearish signal for extension towards key med-term support at...
USD/JPY Trades Near 103.60
On Thursday, the USD/JPY currency pair reversed north from the support level—the weekly S3 at 103.00. From the one hand, it is likely that the exchange rate could remain under pressure of the 100-hour SMA near 103.60. Thus, the rate...
AUD/USD Bulls Likely To Prevail
The Australian Dollar surged by 58 points or 0.77% against the US Dollar on Thursday. The currency pair breached the weekly R1 at 0.7610 during yesterday’s trading session. All things being equal, the exchange rate could continue to edge higher...
Signal2forex.com - Best Forex robots and signals




