WTI Oil Outlook: Oil Prices Rise on Reduced Output by Tropical Storms
WTI Oil Outlook: Oil prices rise on reduced output by tropical storms / trade optimism but struggle again to clear key Fibo resistance WTI price accelerated over $1 in mid-European / early US session on Tuesday and hit new three-week...
EURCHF Underperforms Below 200-SMA; Neutral Bias
EURCHF has been underperforming, breaking back below the key 200-period simple moving average (SMA) in the 4-hour chart. When looking at the bigger picture the pair lacks a clear trend and has been consolidating since July 14. Prices pulled back...
GBP/USD At Risk Of Sharp Decline Below 1.3000
Key Highlights GBP/USD failed to clear the 1.3260 resistance and declined below 1.3150. A key bullish trend line is forming with support near 1.3085 on the 4-hours chart. EUR/USD remained stable above 1.1720 and corrected higher. The US New Home...
WTI Oil Outlook: Formation of Golden Cross May Underpin for Renewed Attack at Key $43.05 Barrier
Monday’s action was so far without clear direction, as WTI price initially rose, dragged by advance of riskier assets, but persisting concerns about global demand on the second wave of virus and slower than economic recovery, continue to weigh and...
Euro Quietly Growing
The major currency pair is pretty quiet early in a new August week and trading around 1.1820. Investors, taking advantage of the silly season, are analyzing all that’s happening and saving strengths for the future. The Jackson Hole Economic Symposium...
Market Morning Briefing: Pound Has Not Been Able To Break Above 1.3265
STOCKS Dow is inching higher and may attempt to breach 28000. It will have to be seen if it can rise past 28300 which is much needed to become bullish to see further rise. DAX has dipped below 12800 as...
EUR/USD Outlook: Fresh Bearish Extension Increases Downside Risk
Strong bearish acceleration in European session on Friday was sparked by downbeat PMI data of the eurozone the biggest bloc’s economies that pointed to the slowdown of recovery in August. The data soured risk sentiment, sending the single currency lower,...
USD Index Outlook: Dollar Regains Traction But More Action Higher Needed To Signal Stronger Correction
The dollar regained traction on Friday and cracks initial barriers at 93.16/22 zone (20DMA / Thursday’s high / Fibo 61.8% of 93.87/92.09). The sentiment remains soured by Fed’s dovish stance and fresh increase in jobless claims that adds to gloomy...
EUR/USD Trades Below Moving Averages
On Thursday, the EUR/USD currency pair traded between the 100– and 200-hout moving averages. During today’s morning, the pair dropped significantly and pierced the weekly PP at 1.1806. From the one hand, it is likely that some upside potential could...
GBP/USD Continues To Be Volatile
Yesterday, the GBP/USD exchange rate raised to the weekly R2 at 1.3216. During Friday morning, the rate drop to the weekly R1 at 1.3152. It is likely that the currency pair could be pushed down by the 55– and 100-hour...
Signal2forex.com - Best Forex robots and signals




