EUR/JPY Likely To Aim For 50-Hour SMA
The common European currency depreciated about 97 base points against the Japanese Yen on Thursday. The decline was stopped by a support level formed by the weekly S3 at 124.26. As for the near future, it is likely that the...
AUD/USD Breaches 50-Hour SMA
The Australian Dollar has continued to trade in a descending channel pattern against the US Dollar. The currency pair tested the lower boundary of the channel at 0.6991 during yesterday’s trading session. Everything being equal, it is likely that the...
USD/CAD Could Edge Lower
The US Dollar has been trading with low volatility against the Canadian Dollar since yesterday’s trading session. The currency pair depreciated about 41 base points on Thursday. As for the near future, it is likely that the currency exchange rate...
NZD/USD Aims For 200-Hour SMA
The New Zealand Dollar bounced off the lower boundary of a descending channel pattern at 0.6580 on Thursday. The Kiwi has gained about 69 base points against the US Dollar since yesterday’s trading session. The currency pair breached has breached...
EUR/USD Outlook: Bears Take A Breather Above New 22-Mth Low Ahead Of US Data
The Euro is consolidating above new multi-month low at 1.1118 (also low of 20 Jun 2017) on Friday, following strong bearish acceleration in past three days, when the single currency lost 1.1%. Broadly stronger dollar keeps the Euro under pressure,...
More Aussie And Cad Weakness, Then Reversal
AUDUSD and USDCAD remain bearish to complete a higher degree wave C. Both are seen in fourth wave set-backs at the moment, so be aware of more Aussie weakness down to 0.6950 area after possible retest of 0.7050 resistance, while...
AUD/USD And NZD/USD Approaching Crucial Hurdles
AUD/USD started an upside correction after trading below the 0.7000 level. NZD/USD recovered nicely above 0.6620, but it seems to be approaching a major hurdle near the 0.6660 area. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar declined heavily...
Brent Crude – Where Does the Rally End?
Oil gathering momentum as Brent hits new highs Oil prices are on the rise again on Thursday, with the inventory data from API and then EIA over the last 48 hours merely causing a pause in the rally despite reporting...
Gold – Cause for Optimism?
Gold is trading in the green for a second day on Thursday, buoyed by some softness in the dollar. Gold bulls are also likely boosted by price action on Wednesday when the yellow metal made gains even as the greenback...
EURUSD Still Dropping
The euro currency has continued to move lower against the US dollar during the European trading session as pair edges closer to the 1.1100 support level. The daily time frame chart is showing that the EURUSD pair has limited support...
Signal2forex.com - Best Forex robots and signals




