GBP/JPY 4H Chart: Decline Likely To Continue
The British Pound has depreciated about 3.32% in value against the Japanese Yen since the currency pair reversed from the upper boundary of a descending channel pattern at 148.78. As for the near future, it is likely that the exchange...
EUR/USD Bullish Continuation Despite Draghi’s Dovishness
Despite ECS President Mario Draghi’s dovishness about the Brexit and it’s weight on the eurozone’s growth the EUR/USD is still technically bullish 1.1255-65 is the POC zone which is supported by the bullish SHS pattern that point to the north....
Market Morning Briefing: Euro-Yen Saw A Narrow Trade
STOCKS Global equities broadly looks weak in the near term. The Dow and DAX have key resistances ahead and looks vulnerable for a fall in the near term. India’s Sensex and Nifty retains their sideways range but can break the...
EUR/USD Outlook: Euro Eases on Soft Tone from Draghi, Stronger Dollar after US Inflation Data
The Euro fell over 50 pips after data on Wednesday, pressured by stronger dollar and soft tone from ECB President Draghi in the press conference that followed policy meeting. The European Central Bank left interest rates unchanged, as widely expected,...
CADJPY Struggles Around 40-SMA, Flat In Short Term
CADJPY has been finding strong support on the 40-day simple moving average (SMA) since the beginning of this month, creating a narrow sideways move. Regarding to the momentum indicators, the RSI is flattening near the neutral threshold of 50 and...
EURUSD ECB Meeting Key
The euro is holding above trendline support against the US dollar ahead of the ECB interest rate decision and monetary policy statement. Sellers are currently unable to move price below the 1.1250 level, keeping the overall intraday bullish bias intact....
EURJPY In A Short Downtrend, Bulls Wait Above 126.77
EURJPY is building a downtrend below 127.49 since the start of March, with the pair being set to register another lower high this week around 125.60. The technical picture suggests neutral conditions for short-term trading as the RSI and the...
Can Gold Price Continue Higher Heading Into FOMC Minutes?
Key Highlights Gold price started a solid rebound after trading as low as $1,280.80 against the US Dollar. There was a break above a crucial declining channel with resistance at $1,292 on the 4-hours chart of XAU/USD. The US NFIB...
Oil Surges ahead of OPEC and IEA Reports
Oil is pushing higher again this week, with the rally in the last couple of sessions taking us through technical resistance and providing a further catalyst for gains. Brent stumbled at $70, but not for long, while WTI is now...
USD/JPY Cracks Strong Support on Fresh Weakness Driven by Trade Fears
Fresh trade fears pushed the dollar lower to crack pivotal supports at 111 zone in early US session trading on Tuesday, following the latest threats of US President Trump on imposing tariffs on imports from the EU, just a day...
Signal2forex.com - Best Forex robots and signals




