EUR/SGD 4H Chart: Two Scenarios Likely
The EUR/SGD exchange rate has revealed a long-term descending channel. From a theoretical perspective, it is likely that the currency pair could continue to decline within the predetermined channel in the medium term. The pair could target the Fibo 50.00%...
AUD/SGD 4H Chart: Rising Wedge Pattern In Sight
Since the beginning of October, the AUD/SGD currency pair has been trading upwards within a rising wedge pattern. From a theoretical point of view, it is likely that the exchange rate could continue to trade upwards within the given pattern...
NZD/JPY 4H Chart: Breakout Likely To Occur
The New Zealand Dollar has edged higher by 5.30% against the Japanese Yen since the beginning of November. The currency pair tested the upper boundary of an ascending channel pattern at 72.72 during last week’s trading sessions. Currently, the exchange...
NZD/CAD 4H Chart: Buying Signals
The New Zealand Dollar has surged by 3.41% against the Canadian Dollar since the beginning of November. The currency pair breached the 0.9060 during yesterday’s trading session. All things being equal, the exchange rate is likely to continue to edge...
XAU/USD Remains Below Moving Averages
Yesterday, the XAU/USD exchange rate could reverse north from the 1,855.00 level. Given that gold is pressured by the 55-, 100– and 200-hour moving averages in the 1,869.00/1,877.00 range, it is likely that some downside potential could prevail in the...
USD/JPY Could Go Downwards
Since Thursday, the USD/JPY currency pair has been trading sideways near the 103.80 mark. It is likely that some downside potential could prevail in the market as the exchange rate is pressured by the 55-hour moving average near 108.90. Note...
LTCUSD $80.00 Hit
Litecoin has rallied towards the $80.00 level as the breakout rally in the increasingly popular cryptocurrency shows few signs of stopping. Technical analysis highlights that the LTCUSD pair could trade towards the $90.00 level, following a multi-year trendline breakout. Traders...
EURAUD Challenges 23.6% Fibo Near 1.6300
EURAUD is testing again the strong resistance around the 23.6% Fibonacci retracement level of the down leg from 1.6825 to 1.6143 at 1.6305, remaining at the same time inside the Ichimoku cloud. The MACD oscillator is flattening near the zero level, while the RSI,...
Silver in a Big Correction
Silver is trading in a bigger, complex W-X-Y correction, down from August highs. At the moment we are tracking a sub-wave C of Y, down from 25.97 level, where sub-wave B correction fully unfolded its three-wave move. Wave C is...
Elliott Wave View: GDX Correction Remains In Progress
Elliott Wave view in Gold Miners (GDX) suggests the Index is correcting the cycle from March 16, 2020 low. The correction is unfolding as a double three Elliott Wave Structure. In the 60 minutes chart below, we can see wave...
Signal2forex.com - Best Forex robots and signals




