EUR/USD Is Supported By 100-Hour SMA
On Friday, the European Single Currency was trading between the 55-hour and the 100-hour simple moving average at the 1,1340 mark. In regards to the near-term future, most likely, the 100-hour simple moving average will support the rate to push...
GBP/USD Surges To 1,3100
During the previous trading session, the rate passed through the 55-hour simple moving average to end the trading session at the 1,3000 as it was expected. On Friday morning, the British Pound was trading between the 55-hour and the 100-hour...
USD/JPY Will Squeeze To Break-Out
During the previous trading session, the currency exchange rate was trading sideways below the 61,80% Fibo at 110.60. On Friday morning, the rate was located at the 110.87 mark. In regards to the near-term future, most likely, the US Dollar...
Gold ETFs Reducing Their Holdings
Fundamental Analysis Looking at the ETF data, SPDR gold shares, the biggest-metals ETF, it becomes clear that the demand is still somewhat weak because the holdings of gold have gone down by 160,614 ounces. However, investors are increasing their holdings...
Market Morning Briefing: Dollar-Yuan Dipped Below 6.70 Yesterday
STOCKS The rally in the global indices seem to be losing steam. A near-term corrective fall looks likely in Dow, Nikkei and Shanghai on the back of some profit-taking. On the Indian front, the Sensex and Nifty have moved up...
US 100 Index Still Positive, But Correction May Be Looming
The US 100 index continues to print higher lows and higher highs on the daily chart, after it bottomed on December 26. The short-term picture thus remains somewhat positive, though the inability of the bulls to pierce above the 200-day...
AUDJPY Trapped in a Narrow Range, Neutral in the Short-Run
AUDJPY has been stuck in a narrow sideways range, with an upper bound at 79.80 and a lower bound at 77.40, since early January. In light of this, the short-term picture is neutral, with a break on either side of...
Silver Eases Below 7-Month High; Bullish in Near Term
Silver retreated after jumping towards a new seven-month high of 16.20 during Wednesday’s session. The bullish picture in the very short-term looks to last for a while longer as prices remain above the 20- and 40-simple moving averages (SMAs). Also,...
WTI OIL Outlook: Bulls Look For Extension After Break Of 100SMA But Risk Of Pullback Exists
WTI oil consolidates below new 2019 high ($57.58) on Thursday, after Wednesday’s advance eventually broke above falling 100SMA ($56.74) which obstructed bulls in past two days. Prevailing bullish sentiment was boosted by fresh optimism over US/China trade conflict on news...
Market Morning Briefing: The Aussie Saw A Sharp Rise To 0.7206 Today
STOCKS Indian equities get a breather, finally. Both Sensex and Nifty 50 has bounced sharply yesterday and have room to move further higher in the near term (see below). Other global indices retain their bullish sentiment. Dow Jones (25954.44, +63.12,...
Signal2forex.com - Best Forex robots and signals




