AUD/USD Outlook: Aussie Pulls Back from New Two-Month High ahead of Expected RBA Rate Cut
The Australian dollar pulls back after rallying in past nine days, as advance was capped by daily cloud top/100DMA (0.7035) and sentiment changes ahead of RBA rate decision, due early Tuesday. Majority of economists tip for 0.25% rate cut to...
CADJPY Opens with Positive Gap; Bullish Cross within SMAs
CADJPY opened a gap up today, climbing above the 82.60 barrier and meeting the 50.0% Fibonacci retracement level of the downfall from 89.25 to 76.60 near 82.90. Having a look at the momentum indicators, the RSI is sloping up near...
GBP/USD Bearish ABC Pattern in Bullish Zigzag
The GBP/USD is expected to move up higher as part of a wave C but only after it completes a bearish wave B (green) first. Price is expected to bounce at the 50 or 61.8% Fibonacci retracement level of wave...
USD/CAD Outlook: Loonie Advances after Solid Data But Key Supports Hold for Now
The pair dipped to new multi-month low at 1.3068 (also low of 1 Feb) on Friday, following stronger than expected Canada’s GDP (Apr 0.3% m/m vs 0.1% f/c) which additionally boosted the loonie. The pair holds in steep descend for...
EUR/JPY: Faces Consolidation Threats
EURJPY faces consolidation threats as it looks for directional move. Support comes in at the 122.00 level where a break if seen will aim at the 121.50 level. A cut through here will turn focus to the 121.00 level and...
AUD/USD Targets At 0.7036
During the past 24 hours, the Australian Dollar has moved just 32 pips against the US Dollar. The currency pair breached the weekly R2 at 0.7006 during the morning hours of Friday’s trading session. Most likely, the exchange rate will...
USD/CAD Falling Wedge Pattern
The US Dollar was trading in a falling wedge pattern against the Canadian Dollar on Thursday. The currency pair breached the lower boundary of the pattern at 1.3087 during the Asian session on Friday. A breakout through the bottom border...
NZD/USD Breaches Weekly R2
The New Zealand Dollar traded with lower volatility against the US Dollar on Thursday. The currency pair, however, breached both the weekly and the monthly pivot points during yesterday’s trading session. Everything being equal, it is likely that the currency...
USDJPY Slipping Lower
The US dollar is start to slip lower on Friday against the Japanese yen after buyers failed to sustain the pair above the 108.00 level. Continued weakness below the 107.80 level may see the USDJPY pair test back towards its...
EURUSD Bullish Breakout
The euro has broken to the upside against the US dollar after moving above a well-defined wedge pattern the pair had been trapped in. EURUSD bulls need to break the 1.1400 level to further encourage technical buying towards at least...
Signal2forex.com - Best Forex robots and signals




