GBPNZD Continues Bearish Trend; Accelerates on Break of Swing Low
GBPNZD, consumed by a two-month downtrend from a seven-month high of 2.0020, had sellers today grab the reins once again to restart another bearish rally south. The momentum indicators confirm the persisting down move, with MACD starting to turn down...
EUR/USD Could Reach Above 1.13
On Monday morning, the EUR/USD traded above the support of the 55-hour simple moving average. Meanwhile, the rate had no technical resistance as high as the weekly R1 at 1.1307. In general, it was expected that the rate will reach...
EURAUD Declines Sharply, Touching 38.2% Fibonacci
EURAUD has been underperforming in the past three days, challenging the 38.2% Fibonacci retracement level of the upward wave from 1.5340 to 1.6445 near 1.6025. The pair bounced off the 20-day simple moving average last Wednesday and is ready to...
USD/CAD Flirting with YTD Lows Near 1.3050 – Will it Break Down?
The greenback is near the bottom of the relative strength charts for the third day in a row as traders rush to (re)price in the potential for multiple interest rate cuts from the Federal Reserve this year. Meanwhile, the loonie...
Nikke100 and USD/JPY – Are The Stock Market and xxx/JPY Ready To Rumble?
Hello traders and welcome back to the US session! USDJPY made a nice bullish daily candlestick and looking on the intraday, we can see a nice five-wave rally, so seems like more upside can be seen after that small three-wave...
EUR/USD Outlook: Euro Eases from Key Barriers on Better than Expected US Data
The Euro moves lower in early US trading on Friday as stronger than expected US PPI data inflated dollar. The pair repeatedly failed to close above strong 1.1254/85 resistance zone (100DMA/broken bull-trendline/converged 20/30DMA’s) that was cracked on Thu/Fri, but subsequent...
Gold Loses Steam, after Rallying Out of Long-Term Trading Range
Gold lost steam in the last weeks, after a rally that began at the beginning of June. Price moved sideways after the break above the upper boundary of the three-year and five-month trading range, of 1366, and is currently trading...
US 30 Index Flies at New All-Time Highs
The US 30 index has been in a flying mode over the last couple of days, resting near a fresh all-time high of 27,183.82. The flat momentum in the MACD, which trends above its trigger line, signals that fresh record...
GBPAUD Breaks Out Of Sideways Move, Giving The Reins To Sellers
GBPAUD slid into a four-month trading range on February 19, with lower boundary of 1.8115 and an upper boundary of 1.8865, which two weeks ago, was broken aggressively to the downside, initially finding support at 1.7870. A pullback last week...
EUR/USD Supported By Moving Averages
Yesterday, the EUR/USD currency pair traded sideways between the psychological levels, located at 1.1250 and 1.1280 respectively. During Friday’s morning, the pair continued to trade within the given cluster. Note, that the exchange rate is supported by the 55– and...
Signal2forex.com - Best Forex robots and signals




