USD/JPY Outlook: Bulls Extend Consolidation Under Key Barriers, Broken 200SMA Continues To Underpin
The pair shows strong hesitation at 112 barrier, following the third straight failure to close above here, but the price remains within tight range (111.64/112.13), keeping the downside limited. Extended consolidation is likely to precede fresh push higher and eventual...
EUR/USD Outlook: The Euro Remains In Defensive But Struggles At Important 1.1305 Fibo Support, ECB In Focus
The Euro probes again below cracked pivotal support at 1.1305 (Fibo 61.8% of 1.1234/1.1419) after strong fall in past three days dipped to 1.1289 but failed to close below 1.1305 in first attempt. Bearish daily techs and stronger dollar maintain...
XAU/USD Trades To S2 At 1,276.65 Mark
On Tuesday, the yellow metal traded sideways to stay in the range of the 23.60% Fibo and the monthly S2. During Wednesday’s morning hours, gold was resisted by the 23.60% Fibonacci retracement level to trade at the 1,286.31 mark. In...
EUR/USD And USD/CHF: US Dollar Bulls In Control
EUR/USD failed to hold gains above the 1.1350 level and declined below 1.1320. USD/CHF surged higher and broke the key 1.0020 resistance level to move into an uptrend. Important Takeaways for EUR/USD and USD/CHF The Euro topped above the 1.1400...
GBPAUD Eases after Hitting 4-Month High
GBPAUD is set to complete the third straight negative day following the pullback on the 1.8730 resistance level. A crucial battle is currently taking place around the 1.8520 support, as any decisive step lower could activate a bearish correction mode....
GBP/USD Outlook: Pound Falls Further on Renewed Fears of No-Deal Brexit
Cable fell further on Tuesday as the sentiment soured by news that risk of no -deal Brexit returns to play. Top UK officials went to Brussels in last attempts to secure changes to PM May’s Brexit deal through the parliament...
WTI Oil Outlook: US Crude Stocks Reports Eyed For Fresh Signals
WTI oil holds bullish bias on Tuesday, following strong fall last Friday and recovery rejection on Monday. Restart of some wells of Libya’s biggest oilfield, initially pressured oil price, but the downside remains supported for now, despite weakening daily indicators...
USD/JPY Is Supported By 55-Hour SMA
During Monday’s trading session, the 55-hour simple moving average supported the rate to end the trading session at 111.80. On Tuesday morning, the currency exchange rate was located at the 111.93 mark. In regards to the near-term future, most likely,...
Elliott Wave View: S&P 500 (SPX) Correction Should Find Buyers Again
Short Term Elliott Wave view in S&P 500 (SPX) suggests the rally from December 26, 2018 low (2348.50) is unfolding as an impulse. Index has ended wave ((3)) of this impulse move at 2816.88. In the chart below, we can...
GBP/USD Rally Unwinds But Not Likely Over
Key Highlights The British Pound surged above 1.3250 before sellers appeared near 1.3350 against the US Dollar. A major declining channel is in place with resistance near 1.3240 on the 4-hours chart of GBP/USD. The UK Construction PMI declined from...
Signal2forex.com - Best Forex robots and signals




