WTI Oil Outlook: Improved Sentiment Keeps Oil at the Front Foot, But Directionless Mode Likely to Extend
WTI oil price is a tad lower on Friday, holding within narrow range under one-week high at $53.24, posted after 3.1% rally on Thursday. Oil was boosted by optimistic forecasts from International Energy Agency for supply deficit expected in Q2...
NZD/USD Analysis: Strong Bearish Sentiment Today
The New Zealand Dollar has plummeted about 101 base points against the US Dollar since the previous trading session. The currency pair breached the lower boundary of a descending channel pattern at 0.6800 during the Asian session on Friday. Given...
EURCHF Remains Cautiously Negative In Medium-Term
EURCHF remains on a soft footing, trading firmly below both its 50- and 200-day simple moving averages (MAs), which keeps the broader outlook cautiously negative. That said, a decisive break below the August lows of 1.1180 is required to signal...
USD/CAD Analysis: Likely To Maintain Trendline
The price movement of the US Dollar against the Canadian Dollar was guided by an ascending trendline. The currency pair tested the lower boundary of the trendline during the end of yesterday’s session. Everything being equal, it is likely that...
AUD/USD Analysis: Bears Market
The Australian Dollar has depreciated about 92 base points against the US Dollar since Thursday’s session. The currency pair dashed through a one-week trading range during the first part of today’s session. As for the near future, it is likely...
UK 100 Stock Index Gains Momentum after Touching 2-Year Low
UK 100 stock index (FTSE 100) has rebounded somewhat after falling to two-year low of 6670 on December 6 and momentum indicators now suggest that the market sentiment might get better as the RSI is moving higher in the negative...
EURAUD Loses Ground in Near Term; Indicators Show Signs for Downward Move
EUR AUD is losing some ground after the sharp upside rollercoaster in the preceding week. The price struggles below the 1.5880 resistance level and above the 23.6% Fibonacci retracement level of the upleg from 1.3620 to 1.6350 around 1.5708. The...
GBP/USD Outlook: Optimistic Expectations Push Sterling Higher ahead PM May Confidence
Sterling rose above 1.26 handle against dollar in early US session trading on Wednesday, driven by optimistic expectations that PM May will win confidence vote, triggered by conservative lawmakers and due later today. Political turmoil in the UK increased the...
BTCUSD Bearish Outlook Does Not Change in Short and Long Term
BTCUSD rebounded on the 15-month low of 3187 and is currently picking up speed above the 20-simple moving average (SMA) in the 4-hour chart. The RSI turned higher but remains in the negative territory. At the moment, it continues to...
Technical View: GBP/USD’s Chart May Be Uglier Than Brexit Infighting
Over the last couple of days, we’ve covered the drama surrounding the vote on Theresa May’s Brexit bill, from last week’s resignation threats, to rumors of its cancellation, to confirmation of its cancellation. With May presently in Brussels negotiating with...
Signal2forex.com - Best Forex robots and signals




