EUR/USD Outlook: Recovery Extends Near Pivotal Fibo Barrier But Risk of Stall Exists
The Euro enters the US session at the front foot as recovery extended in European session and reached high just ticks ahead of key barrier at 1.1341 (Fibo 38.2% of 1.1514/1.1234/last week’s highs. Fresh risk appetite on trade optimism keeps...
EURNZD Recovers from 2-Month Low after Hitting Lower Bollinger Band
EURNZD has declined considerably over the previous three days, recording a new two-month low around 1.6408 and touching the lower Bollinger Band. Currently, the price is paring some of the losses, approaching the 1.6500 handle. Technical indicators in the daily...
INDICES: German DAX Retraces From Its Resistance
Bulls can step in if the price kisses the 50-day moving average. However, a break of this moving average could increase more selling pressure. The German Dax index is trading above the upward trend line on an 8-hour time frame...
Gold Records 3-Week High, Ichimoku Suggests Further Gains
Gold prices edged sharply higher in the previous days, hitting a more than two-week high earlier today. Also, the metal is approaching the eight-month high of 1326 and a successful jump above this strong barrier would resume the bullish outlook....
GBP/USD Climbing Higher While USD/CAD Slides Further
GBP/USD recovered nicely and broke the 1.2840 and 1.2880 resistance levels. USD/CAD is under bearish pressure and it could revisit the 1.3200 support area. Important Takeaways for GBP/USD and USD/CAD The British Pound found support near 1.2770 and later recovered...
USDCHF Backs Off Higher Prices On Loss Of Momentum
USDCHF backs off higher prices on loss of upside momentum on Friday. This development leaves risk of more weakness on the cards. Resistance comes in at the 1.0100 level. A break of here will clear the way for more gain...
USDCHF Edges Higher; Bullish Phase Remains Intact
USDCHF has moved considerably higher after the touch on the ascending trend line, recording a new three-month high of 1.0097 on Thursday. The price climbed well above the 20- and 40-simple moving averages (SMAs) in the daily timeframe, while the...
GBPJPY Tests the Lower Boundary of the Descending Channel
GBPJPY has been trading within a negatively sloping channel over the last three weeks, with the bears challenging the lower boundary today. Currently, the price holds well below the 20-and 40-simple moving averages (SMAs) in the 4-hour chart, which are...
EURUSD Further Weakness Expected
The euro continues to edge lower against the US dollar on Friday, with the single currency coming under selling pressure over fears about possible US trade tariff on German imports. The key technical support region to watch is 1.1260 level,...
GBPUSD 1.2830 Level Key Resistance
The British pound has started to trade above the 1.2800 level against the US dollar after UK Retail Sales data came in much better than markets had been expecting. GBPUSD buyers need to move price above the 1.2830 level to...
Signal2forex.com - Best Forex robots and signals




