USD/CAD Approaches Key Resistance, Dollar Gains Momentum
Key Highlights USD/CAD recovered nicely above the 1.2450 and 1.2500 resistance levels. A crucial bearish trend line is forming with resistance near 1.2600 on the 4-hours chart. EUR/USD and GBP/USD remain in a bearish zone below 1.1950 and 1.3900 respectively....
Aussie Falls on Risk-off Mode but Huge US C/A Deficit Weighs on Greenback
The Australian dollar fell to two-week low on Tuesday, pressured by fresh risk-off mode as new Covid lockdowns and worries about vaccination slowdown boost concerns about global growth while a number of countries impose sanctions on China officials, adding to...
WTI Futures Tumble Below SMAs, Posting Negative Correction
WTI futures have come under renewed selling pressure, falling back below the short-term simple moving averages (SMAs) after the pullback off the 62.00 handle. Despite the latest down move, the commodity has not posted a lower low yet, which makes...
Elliott Wave Analysis: USD/TRY Can be Headed Much Higher after Erdogan’s Actions
We have a few topics that will drive the markets this week. First is coming from Turkey after Erdogan has fired the central bank governor after they increased rates on Thursday. TRY lost 15% against the USD. Second important topic...
USDTRY Faces Strong Losses after 4-Month High
USDTRY shifted aggressively to the downside after spiking towards a fresh four-month high of 8.4647 earlier today. The price is trying to recoup the positive gap which was posted during the previous sessions, with the technical indicators showing a mixed behavior. The RSI is sloping...
USD/CAD Breaks Bearish Momentum
Despite an improvement in retail data, the Canadian dollar came under pressure as the price of oil tanked. The RSI divergence from last week indicated a loss of momentum in the sell-off. Then a breakout above the resistance at 1.2490...
EUR/GBP Near its Breaking Point
When the ECB met last week, Christine Lagarde and friends said that the ECB would significantly pick up the pace of bond buying under its Pandemic Emergency Purchase Program (PEPP). This week, the BOE met. Andrew Baily and his gang...
WTI Oil Outlook: Oil May Fall Further on Weakened Sentiment and Formation of Reversal Pattern
WTI oil trades within a choppy consolidation on Friday but remains biased lower following a massive losses on Thursday, when the price fell by 7.6%, making the biggest one day drop since 21 Apr 2020. A new wave of coronavirus...
USD Index Outlook: Dollar Firms as Upbeat Growth Expectation Improve the Sentiment Despite Fed’s Dovish Stance
The dollar kept firm tone against the basket of major currencies on Friday, following previous day’s rebound that almost fully reversed Wednesday’s post-Fed fall. Investors digested Fed’s dovish stance on decision to keep ultra-low rates but central bank’s pledge to...
Oil Price Broke The $64.00 Support Zone To Move Into A Bearish Zone
Crude oil price started a sharp downside correction after it failed to settle above $65.00 against the US Dollar. The price broke the $64.00 support zone to move into a bearish zone. The price declined heavily below $62.50 and settled...
Join us on Facebook
Signal2forex.com - Best Forex robots and signalsDo you want to have such profits and charts? Click for more info…
Recommended fast VPS provider
I have been with this company for the second month with a v.11+ VPS robot with a smaller deposit and I am satisfied. For a monthly fee of $30 from the second month, I don’t have to worry about anything and just watch the earnings. The robot earns, the Skype support is excellent and you can see that it understands trading. In the future, I will definitely increase the deposit for full use of the robot to 14 pairs. I recommend Signal2forex!!!!!
From the beginning I didn’t trust the EA robot FOREX V PORTFOLIO v.11 pro 14 because I had other trades than shown in the video on the website. After a month on two demo accounts with a deposit of 2000 USD, I must say that the EA works very well!!! Monthly appreciation of both accounts approx. 30% with max DD 19%. I have to praise the developers and keep my fingers crossed for the future.
Guys are geniuses!!! I am grateful for your work!!! Everything works, they helped me install everything and there is always feedback !!! Thanks!!!
Trading education
Introduction to Basic Trendline AnalysisIn this series we will piece together the anatomy of a swing trade and discuss ... 
Daily Forex Trading Course Walkthrough: Part TwoForex Trading Course Walkthrough Talking Points: This is the second of a ten-part series in ... 
Forex Trading Truth or Lie? Uncovering the Truths of FX TradingDo you know the truths about forex trading? Traders face a barrage of information when ... 
Daily Forex Trading Course Walkthrough: Part FiveForex Trading Course Walkthrough Talking Points: This is the fifth of a ten-part series in ... |