WTI Hits New One-Year Low on Fresh Bearish Acceleration
WTI oil price fell to the session low at $53.62 (the lowest since Oct 2017) in steep bearish acceleration in early US session trading on Tuesday. US stocks were sharply lower on opening, pressured by poor forecasts from retailers and...
GBPAUD Attempts Rebound from 3-Month Low; Looks Bearish in the Medium Term
GBPAUD rebounded after hitting a three-month low of 1.7473 on Friday. It is currently trading around 200 pips above the aforementioned trough. Despite recovering somewhat, the pair continues to look mostly bearish in the short term, something which is also...
Elliott Wave Analysis: EURUSD Unfolding A Reversal
EURUSD looks as it has ended its complex decline, down from September highs as we see all three waves W,X,Y unfolded. Also price made a recovery at the 1.122 level, indicating that wave Y found a low, and that a...
GBPUSD In Consolidation Mode
The British pound is starting to consolidate around the 1.2850 level against the US dollar, as traders await the latest news surrounding a potential leadership challenge to UK PM Theresa May. The next technical breakout will likely come if we...
USD/CAD Uptrend Intact at the Start of a Potentially Quiet Holiday Week
It’s a day of dispersion in the global FX market, with European currencies rising against the greenback and commodity dollars losing ground versus the world’s reserve currency. The day’s only noteworthy economic release, the NAHB Housing Market Index, was a...
EURJPY Threatens Further Bullishness On Recovery Higher
EURJPY threatens further bullishness on recovery higher. This is coming on the back of its flat close the past week. Support comes in at the 128.50 level where a break if seen will aim at the 128.00 level. A cut...
Crude Oil Turning Up
Pivot (invalidation): 56.45 Our preference Long positions above 56.45 with targets at 57.95 & 58.35 in extension. Alternative scenario Below 56.45 look for further downside with 55.90 & 55.60 as targets. – advertisement –
Comment The RSI advocates for...
Silver Spot Supported By A Rising Trend Line
Pivot (invalidation): 14.2900 Our preference Long positions above 14.2900 with targets at 14.4600 & 14.5300 in extension. Alternative scenario Below 14.2900 look for further downside with 14.2200 & 14.1600 as targets. – advertisement –
Comment The RSI is mixed...
Elliott Wave Analysis: USDJPY Update
As expected, USDJPY is finally turning lower, which more and more looks like it’s a wave »iii« in play after that projected leading diagonal in wave »i« from the highs. However, as said below, US stocks market can see a...
USDZAR Trades Below Downtrend Line; Outlook Cautiously Negative
USDZAR has been printing lower highs and lower lows on the daily chart, below a downtrend line drawn from the highs of September 6. The pair has also recently fallen below its 50-day simple moving average (SMA), which has turned...
Signal2forex.com - Best Forex robots and signals




