Gold Analysis: Trades Sideways
The yellow metal has continued to trade almost flat. However, it has started to do so in a different range, as the price has been fluctuating between 1,805.00 and 1,820.00 levels. In the meantime, the price had began to ignore...
USD/JPY Analysis: Passes Support Levels
On Friday morning, the USD/JPY currency exchange rate passed the support levels near 104.20. Due to that reason, the pair had no technical support as low as the 103.32 level. In theory, the rate should decline to this mark. However,...
GBP/USD Analysis: Breaks Pattern
The resistance zone of 1.3380/1.3400 continued to hold on Thursday and Friday. The resistance caused a breaking of the supporting trend line and the 100-hour simple moving averages, which pushed the rate up. By the middle of Friday’s GMT trading...
EUR/USD Analysis: Is Pushed By 55-Hour SMA
The common European currency has found support in the 55-hour simple moving average, which has been pushing the pair up since the afternoon of Thursday. In the meantime, the pair faces the resistance of the weekly pivot point at 1.1935....
EUR/USD Outlook: A Low Is Formed Near 1.1885 And The Pair Is Currently Rising
The Euro remained in a positive zone above the 1.1880 pivot level against the US Dollar. The EUR/USD pair traded as high as 1.1940 recently before starting a downside correction. The pair traded below the 1.1900 level, but it remained...
NZD/USD Analysis: Breaks 0.7014 Level
The New Zealand Dollar consolidated against the US Dollar below the weekly resistance level at 0.7014 on Thursday. The NZD/USD exchange rate broke the weekly R2 at 0.7014 during the Asian session on Friday. As for Friday’s trading session, the...
USD/CAD Analysis: Could Exceed 1.3040 Level
The US Dollar surged by 33 pips or 0.26% against the Canadian Dollar on Thursday. The currency pair breached the 50– hour simple moving average during yesterday’s trading session. Everything being equal, the USD/CAD exchange rate is likely to continue...
Gold’s Decline Stalls Near 1800
The precious metal is consolidating into a sideways range after falling below the 1817.80 level of support. On the daily chart, we have the long term support coming from the 200-day moving average. With price action closing flat, there is...
Volumes Will Probably Stay Rather Low Today
Markets The absence of the US (Thanksgiving) as well as an enticing economic calendar yesterday lead to clueless trading. ECB Minutes highlighted the increased downside risks on growth and inflation due to the second coronavirus wave. It set the stage...
Yen Recovers in Subdued Trading, Gold Consolidates Losses in Tight Range
Trading continues to be subdued in Asia as markets are in holiday mood. Yen is trading mildly higher overall, but remains the worst performing one for the week. Dollar’s selloff slowed somewhat, but remains the second worst for the week....
Signal2forex.com - Best Forex robots and signals




