Dow Eases after Hawkish Fed; Initial Reversal Signal is Generating on Daily Chart
Dow stands at the back foot on Friday, as Asian and European stocks were lower and hawkish Fed surprised investors, dampening demand. Thursday’s trading ended in Doji, which signaled that steep ascend in past two weeks is running out of...
Japan 225 Index Retreats from 2½-Week High; Bearish Signal by Stochastics in Very Short Term
The Japan 225 index shifted gears, losing around 450 points relative to Thursday’s two-and-a-half-week high of 22,579. The RSI halted its previous advance and reversed lower into bearish territory below 50. This suggests a tilt in short-term momentum towards a...
EURJPY Immediate Risk Remains Lower Towards 128.60 Region
EURJPY: immediate risk remains lower towards its key support located at 128.60 zone. Further down, support comes in at the 128.00 level where a break if seen will aim at the 127.50 level. A cut through here will turn focus...
AUDUSD Outlook: Pullback Expected To Offer Better Buying Opportunities While Supports At 0.7190/80 Hold
The Australian dollar stands at the back foot on Friday and extends pullback after double upside rejection at 0.7300 zone and repeated failure to close above cracked top of falling daily cloud. Lower Asian stocks and weaker than expected Australian...
US 30 Index Bounces Sharply, Re-Approaches Rrecord Highs
The US 30 index rebounded sharply in recent sessions, after finding support near a medium-term uptrend line drawn from the lows of February 6. The index has now crossed back above both the 50- and 200-day simple moving averages (SMA),...
GBPUSD Testing Psychological 1.3000 Level
The British pound has continued to move lower against the US dollar during the European trading session, following weaker than expected UK GDP data and bearish Brexit headlines. The GBPUSD pair is likely to experience further technical selling if the...
Elliott Wave Analysis: EURUSD Intra-day View
Hello traders and welcome back to the US session. EURUSD turned sharply down, but we still think that it can be a part of a correction, so we are tracking two possibilities here. Either it’s a running flat correction, while...
US 500 Index Eases Slightly after Sharp Flying Mode
The US 500 index recorded considerable gains at the end of October and early in November, following the rebound on the 2600 support. The index has now crossed back above its 200-day simple moving average (SMA), which keeps the broader...
GBPUSD Upside Momentum Halted, Eyes Further Weakness
GBPUSD upside momentum halted during Thursday trading session and now looks to weaken further. That leaves immediate support at 1.3050 level. Further down, support comes in at the 1.3000 level where a break will turn focus to the 1.2950 level....
AUDJPY Bullish At 3-Month High, Medium Term Outlook Also Turns Positive
AUDJPY staged a remarkable comeback after hitting a two-year nadir of 78.55 in late October. The pair currently trades more than 400 pips above the aforementioned low, while it rose to a three-month high of 82.95 earlier on Thursday. The...
Signal2forex.com - Best Forex robots and signals




