USD/CAD: Loonie Remains Under Increased Pressure, Could Fall Further on Dovish BoC
The pair maintains firm bullish tone and extends advance from last Friday (daily gains of nearly 1%) above 1.33 barrier, to threaten retest of 14 Feb recovery high (1.3340) and attack at daily cloud base (1.3355). Sentiment for loonie remains...
GBP/USD Outlook: Bearish Near-Term Bias But Key Supports Still Intact
Cable is trading around 1.32 handle in early US trading on Monday, following bearish acceleration that probed below 1.32 support (session low at 1.3180). Recovery attempts stalled and formed hourly lower platform at 1.3250 zone, with bears attempting to extend...
USD/TRY Outlook: Bulls Face Strong Headwinds at 200SMA Barrier and Eye CBRT Policy Meeting for Fresh Signals
The pair retests key barriers at 5.3964/77 (200SMA/Fibo 61.8% of 5.5449/5.1595) on Monday, in attempts to extend Feb’s 3.3% advance. Daily studies are in bullish setup and supportive, however bulls face strong headwinds and may not clear barrier in first...
GBP/USD And USD/CAD Buyers In Full Control
GBP/USD rallied recently and broke the 1.3100 and 1.3250 resistance levels. USD/CAD traded above the key 1.3240 resistance to start a solid uptrend in the near term. Important Takeaways for GBP/USD and USD/CAD The British Pound climbed above the 1.3300...
EURGBP Breaks Long-Term Sideways Range to the Downside
EURGBP fell to a fresh 21-month low of 0.8530 earlier this week, violating to the downside the sideways range it had been trading in since late 2017, with an upper bound at 0.9100 and a lower bound near 0.8615. The...
USD/CAD Outlook: Loonie Tumbles after Weak Canada GDP Data
The Canadian dollar fell almost a hundred pips against its US counterpart on Friday, pressured by downbeat Canada’s GDP data. Canada’s economy grew 0.4% y/y in Q4, decelerating significantly from Q3 growth of 2%.Monthly figure also disappointed expectations (Dec m/m...
WTI OIL Outlook: Strong Fundamentals Continue to Underpin Oil Price for Final Break above $57.79/85 Highs
WTI oil cracked previous high at $57.79 (22 Feb) and posted new, marginally higher high at $57.85 on Friday, but was so far unable to sustain break. The price holds in green for the fourth straight day, as solid US...
USDJPY Targeting 112.20
The US dollar has continued to rally higher against the Japanese yen currency during the European trading, with bulls moving the pair close to the 112.00 resistance level. The first target for buyers is likely to be the 112.20 level,...
EURUSD Intraday Bearish Bias
The euro is trading lower against the US dollar currency on Friday, as the greenback receives strong buying interest across the board. The EURUSD pair was strongly rejected from the 1.1420 level on Thursday and holds an intraday bearish bias...
AUD/USD Outlook: Better Than Expected China’s Data Sidelined Bears But Risk Of Further Weakness Exists
The Australian dollar ticks higher on Friday, as traders booked profits from strong fall of past two days. Better than expected China’s Manufacturing data (Feb Manufacturing PMI 49.9 vs 48.5 f/c and 48.3 in Jan) sidelined bears, but recovery attempts...
Signal2forex.com - Best Forex robots and signals




