WTI OIL Outlook: Bulls Take a Breather after Triple Upside Rejection; Crude Inventories in Focus for Fresh Signals
WTI oil price holds in red and eases from 2019 high after bulls faced triple rejection at falling 100SMA. Corrective easing could be anticipated as daily slow stochastic reverses in deep overbought zone and momentum turned in neutral mode. Tuesday’s...
UK 100 Index Retreats from 4-Month High; Bullish in Near Term
UK 100 stock index (FTSE 100) has declined considerably after touching the four-month high of 7265 on February 15. During Thursday’s trading, the price has gained some ground, while it is currently not far below the 50.0% Fibonacci retracement level...
EURJPY Still In Positively Sloped Channel, Bullish Correction In Progress
EURJPY is trading slightly below the 50% Fibonacci retracement level of the downleg from 133.10 to 118.57, around 125.85, surpassing the bullish crossover of the 20- and 40-simple moving averages in the 4-hour chart. The pair has been struggling in...
EUR/JPY Breakout Occurs
The single European currency appreciated about 77 base points against the Japanese Yen on Tuesday. The currency pair broke a dominant descending channel during yesterday’s trading session. The exchange rate began Wednesday’s session with an upside movement. The pair tested...
EUR/USD Aand USD/CHF: US Dollar Buyers Losing Grip
EUR/USD formed support near the 1.1250 level and later bounced back above 1.1320. USD/CHF started a major decline and broke the 1.0040 and 1.0020 support levels. Important Takeaways for EUR/USD and USD/CHF The Euro formed a solid support near the...
GBP/USD Outlook: Sterling Advances Through Key Barrier, Boosted by Strong Jobs Data
Cable enters American session on Tuesday firmly in green and above pivotal barrier at 1.2942 (Fibo 38.2% of 1.3217/1.2772 / daily Kijun-sen). The pair ticked lower after release of UK jobs data, as markets were initially disappointed after earnings came...
EURGBP Remains Weak And Vulnerable To The Downside
EURGBP remains weak and vulnerable to the downside as it looks for more decline. On the downside, support stands at the 0.8700 level where a violation will turn focus to the 0.8650 level. A break below here will aim at...
GBPUSD 1.2900 Remains Key
The British pound is coming under moderate selling pressure against the US dollar after wage and employment data from the United Kingdom economy came in slightly worse than expected. The GBPUSD pair continues to retain an intraday bullish trading bias,...
WTI Oil Outlook: Bulls Are Taking A Breather Under 100SMA
WTI oil price holds within tight range under new 2019 high posted after strong 5-day advance, showing hesitation on approach to strong barrier at $56.92 (falling 100SMA). Bulls are running out of steam as daily slow stochastic is turning south...
Elliott Wave View: S&P 500 (SPX) Rallies As An Impulse
Since bottoming at 2346.58 on December 26, 2018, S&P 500 (SPX) has rallied 18% in less than 2 months. The structure of the rally appears like an Impulse Elliott Wave structure. An Impulse structure is a 5 waves move. The...
Signal2forex.com - Best Forex robots and signals




