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...
USD/JPY Recovery Could Face Hurdles Near 105.00
Key Highlights USD/JPY traded as low as 104.24 before correcting higher. It is facing a strong resistance near 105.00 and 105.40. EUR/USD and GBP/USD corrected lower from 1.1880 and 1.3175 respectively. The US Manufacturing PMI could increase from 53.2 to...
USDCHF Rebounds Off 7-Week Low; Negative in Medium Term
USDCHF has reversed from the seven-week low of 0.9029 after the strong bearish move since September 25. Further backing this short-term view are the Ichimoku lines and the upward slopes on the MACD oscillator which holds above its trigger line...
EUR/USD Remains Below Weekly R2
On Wednesday, the EUR/USD currency pair failed to exceed the resistance level—the weekly R2 at 1.1884. It is likely that the exchange rate could gain support from the 55-hour moving average near 1.1840 and trade upwards in the short term....
Elliott Wave View: Oil Futures (CL) Looking To End Flat Correction
Elliott Wave View in Oil Futures (CL) shows that it has ended wave ((4)) pullback at $36.89. This wave ((4)) is part of the cycle starts from April 22 low as a 5 waves impulse. Oil has turned higher in...
GBP Likes Brexit News: GBP/USD, EUR/GBP
In a duel over Brexit negotiations where something had to give, traders seem to think it has! Earlier, comments from EU negotiator Barnier that a deal is “within reach” if both sides “compromise” seem to be exciting GBP traders. After...
AUD/USD Set For Breakout
The Australian Dollar edged higher by 48 basis points or 0.68% against the US Dollar on Tuesday. The currency pair tested the 100– hour SMA resistance level at 0.7076 on Wednesday morning. Currently, the exchange rate trading near the upper...
Signal2forex.com - Best Forex robots and signals




