USDJPY Trendline Watch
The US dollar has moved back towards key trendline resistance against the Japanese yen currency, although price has so far rejected the upside attack. The USDJPY pair is still vulnerable to the further downside while trading below the October monthly...
WTI OIL Outlook: Fresh Bulls Emerge after Double Downside Rejection and Pressure Key Fibo Barrier
WTI oil regained traction on Tuesday and moved above $58 mark (session high $58.36) following Monday’s dip to $57.17 (contained above daily cloud top at $57.02) and subsequent bounce that left daily long-tailed Doji candle. Oil prices were inflated by...
GBPUSD Continues to Consolidate; Bears Flirting with the 200-MA
GBPUSD is trading around the upward sloping 200-period simple moving average (SMA) after the bounce off the 1.2818 support, which is the 23.6% Fibonacci retracement of the up leg from 1.2194 to 1.3011. The pair still looks undecided, having held...
Market Morning Briefing: Pound Is Trading Sideways Below 1.30 Without Any Major Movement
STOCKS Equity indices seem to be gaining strength slowly. The Dow has bounced back above 28000 and can move higher. DAX and Nikkei are moving higher and coming closer to their key near-term resistances which if broken will pave way...
USD/TRY Outlook: Lira Extends Weakness Despite Solid Turkish Data
The pair rose further on Monday and broke above 200DMA, as weakening lira failed to benefit from better than expected Turkish data, released earlier today. Fresh advance left temporary base at 5.6850 zone with return above 200DMA (5.7192) and extension...
AUD/USD Outlook: Limited Recovery Keeps The Downside At Risk
The pair weakened towards session low after recovery attempts in Asia stalled on approach to psychological 0.6800 barrier, but near-term action remains supported by daily cloud which twisted today and ascends (cloud top lays at 0.6785). However, near-term risk remains...
Market Morning Briefing: Pound And Aussie Are Mixed
STOCKS Equities continue to remain mixed and seem to need some fresh trigger for a fresh rally. Dow, DAX and Nikkie have bounced but has to surpass their immediate resistances in order to gain momentum and move further higher. Shanghai...
USD/CHF Signaling Risk On
Today is Friday. As we have seen in recent weeks, US President Trump likes talk on the US-China “deal in progress” on Fridays. Today was no different, as Trump earlier said that the China trade deal is coming along very...
EUR/GBP: Sterling Downside Could be Limited
If the Bank of England were voting for a rate change today, this morning’s disappointing UK PMI data may have encouraged one or two more within the Monetary Policy Committee to vote for an ‘insurance’ rate cut. That’s how the...
USD/CAD Outlook: Loonie Extends Recovery after Solid Canada’s Retail Sales Data
The loonie advanced against US dollar on Friday, following better than expected Canada retail sales (Sep core 0.2% vs 0.1% f/c) but gains were so far limited by top of falling daily cloud (1.3256). The USDCAD pair is holding in...
Signal2forex.com - Best Forex robots and signals




