US 100 Index Stabilizes Marginally Below Record High
The US 100 index is stabilizing around the record high of 13,904, pausing the strong upside tendency. The technical indicators, though, are sending mixed signals, suggesting that the softness in the market may not over yet. The RSI has turned...
USDCAD’s Positive Impetus Curbed By 50-Day SMA And Cloud
USDCAD is struggling to tick higher after its recent positive propulsion off the 37½-month low of 1.2365. The descending simple moving averages (SMAs) are imposing the predominant bearish bias. Additionally, the fairly neutral demeanour of the Ichimoku lines is suggesting...
USDCAD Awaiting Jobs Data
The US dollar is pressing towards the 1.2600 level against the Canadian dollar, ahead of today’s monthly jobs report from the Canadian economy. A weaker jobs report could cause the USDCAD pair to rise, with bulls likely to take aim...
USDJPY Buyers Return
The US dollar has bounced back fairly sharply against the Japanese yen currency after bulls stepped in from the 109.00 support level. Bearish MACD price divergence has now been reversed, setting the stage for further upside in the USDJPY pair....
Market Morning Briefing: Euro Has Risen Above 1.19 Again
STOCKS Equities remain mixed and are consolidating at higher levels. Broadly we remain cautious on the equities and will be looking for a corrective fall after this consolidation. Dow has to break above 33550 to avoid a fall below 33000...
WTI Futures Creep Sideways But Possess Upside Potential
WTI oil futures have moulded a strong base from 57.25 to 58.10 and are consolidating around the 60.06 mark, which happens to be the 23.6% Fibonacci retracement of the up leg from 34.02 until 67.96. The commodity’s price action is...
EUR/USD at Key Inflection Point
Traders need to consider when the “pricing in” of the vaccine has reached its peak The theme driving the Euro this week has been one optimism. After months of lockdowns and restrictions (including April), traders viewed the message from the...
Market Morning Briefing: Aussie Is Likely To Trade Within 0.7550-0.77 In The Near Term
STOCKS Dow remains stable below 33500 and has to fall below 33000 in order to strengthen the case of seeing the fall to 32000-31000 that we have been expecting. DAX seems to lack momentum and can come under pressure if...
Euro High on Vaccines
European vaccines will soon be on the move! As discussed yesterday in analysis of EUR/GBP, the European Union expects to have a majority of its citizens vaccinated by the end of June, which ideally could lead to heard immunity sooner...
GOLD Continues To Surge
During the second part of Tuesday’s trading, the yellow metal’s price reached the resistance zone just above the 1,745.00 level. The metal immediately bounced off it and retraced back down. By the middle of Wednesday’s trading, the price was trading...
Signal2forex.com - Best Forex robots and signals




