GBP/USD Outlook: Cable Maintains Bearish Bias And Eyes Key Supports At 1.2074/28
Cable edges lower on Friday, maintaining bearish bias for the third consecutive day after brief recovery was capped by thin daily cloud and falling 10DMA that keeps bear-leg from 1.2642 high intact. Pound is weighed by talks about negative interest rates, with...
XAU/USD Tests Resistance
Yesterday, the XAU/USD exchange rate reversed north from the lower boundary of the rising wedge pattern. During Friday morning, the rate was testing the resistance formed by the 55– and 100-hour SMAs near 1,740.00. From a theoretical perspective, it is...
USD/JPY Breach Rising Wedge Pattern
On Thursday, the USD/JPY currency pair tested the lower line of the falling wedge pattern. During today’s morning, the pair breached the given pattern south. It is unlikely that some upside potential could prevail in the market due to the...
USD/JPY Facing Many Hurdles On Daily Chart Near 108.40
Key Highlights USD/JPY started an upside correction above the 107.00 resistance. A crucial resistance is forming near 108.00 and 108.40 on the daily chart. EUR/USD outperformed and broke the 1.0950 resistance zone. The US Initial Jobless Claims in the week...
UK 100 Index Retests Mid-Bollinger Band; Holds in Ascending Channel
The UK 100 index (Cash) looks to be mostly neutral in the very short-term after an ascent from the March 30 low of 5,294. The short-term oscillators reflect a stall in the positive momentum. The MACD is flattening in the...
BTCUSD Under Pressure
Bitcoin is starting to weaken as riskier asset classes are starting to come under downside pressure during the European trading session. The BTCUSD pair is at risk of further heavy trading losses towards the $9,000 level if the $9,300 support...
Gold: Clear Breakout Still Awaited
Spot gold saw swing trading in the last few sessions, amid conflicting news regarding a potential coronavirus vaccine development. On Monday, U.S. biotech firm Moderna announced positive results for a coronavirus vaccine trial. However a day later, health-oriented news agency...
GBPJPY Pulls Back from Falling Trend Line; Slips Below 132.00
GBPJPY pulled back off the descending trend line which has been holding over the last six weeks despite the upside break at the end of April, diving beneath the 132.00 psychological mark. According to the RSI, the market could maintain...
NZD/USD Breakout Could Occur
The New Zealand Dollar surged by 61 basis points or 1.01% against the US Dollar on Tuesday. The currency pair breached the weekly R1 at 0.6082 during yesterday’s trading session. All things being equal, the NZD/USD exchange rate will most...
Dollar Index Remains in Red and Could Drop to 200DMA on Close Below Daily Cloud
The dollar index fell further on Tuesday, extending Monday’s 0.8% fall (the biggest one-day drop since 27 Mar). The greenback weakened across the board on fresh risk demand, sparked by hopes that vaccine for coronavirus might be developed soon, following...
Signal2forex.com - Best Forex robots and signals




