Dollar Softens Again as Global Stocks Regain Ground ahead of Weekend
Dollar is back under pressure today as global stock markets strengthen mildly before weekend. Though, overall markets are relatively mixed as we’re seeing some strengthen in both Swiss Franc, Euro and Aussie. On the other hand, Sterling, and Canadian are...
Final Debate Recap: Top Three Trading Takeaways from a More Civil Conversation
After the first debate, which we characterized as “chaotic, disorienting, and frankly depressing” in our recap article, expectations were exceptionally low heading into last night’s second and final debate. Thankfully, the debate was able to exceed those low expectations, with...
GBP/USD Trades Within Ascending Channel
During Friday morning hours, the GBP/USD exchange rate has reversed north from the weekly R1 at 1.3049. It is likely that some upside potential could prevail in the market, and the currency pair could re-test the upper line of the...
USD/JPY Pressured By 55-Hour SMA
Since Thursday, the USD/JPY currency pair has been testing the resistance provided by the 55-hour SMA. If the predetermined resistance holds, it is likely that some downside potential could prevail in the market. The exchange rate could target the support...
XAU/USD Broke Lower Channel Line
Yesterday, the XAU/USD exchange rate pierced the lower line of the medium-term ascending channel. Given that yellow metal is pressured by the 55– and 100-hour moving averages in the 1,910.00 area. Thus, some downside potential could prevail in the market,...
NQ 100 At Equilibrium But Final Bearish Wave C Remains
Nasdaq (NQ) 100 is retesting the 21 ema zone. A bullish or bearish break will be critical for either an uptrend or deeper retracement. A bullish break above the 21 ema zone is not enough to confirm the uptrend. Why?...
GBPUSD Looks Positive Despite 9 Red Sessions
GBPUSD is pairing some losses that were posted in the preceding nine consecutive red candles in the 4-hour chart. Over the last month, the price has been developing within an ascending channel and the latest bullish action is being confirmed...
BTCUSD Correction Possible
Bitcoin is at risk of a significant downside correction as the number one cryptocurrency struggles with the $13,000 resistance level. Technical analysis shows that the BTCUSD pair is now extremely oversold, with the Relative Strength Index indicator at its most...
Businesses should get ready for more volatility in the Chinese yuan, regulator says
Jason Lee | Reuters BEIJING — China’s foreign exchange regulator told businesses Friday to prepare for more volatility in the yuan. The Chinese currency, also known as the renminbi, strengthened roughly 1% this week against the U.S. dollar to levels...
Euro Prone to Downside as PMIs Awaited, Traders Shrug US Debate
It appears that the stock markets couldn’t care less about the last debate before US Presidential election. Major Asian indices are trading in right range with mild gains. Nevertheless, Yen is trying to lead Dollar for a comeback while European...
Signal2forex.com - Best Forex robots and signals




