GOLD Rejects Higher Prices, Set To Weaken Further
GOLD rejects higher prices and faces further price consolidation with downside threats. On the downside, support comes in at the 1,230.00 level where a break will turn attention to the 1,220.00 level. Further down, a cut through here will open...
EURUSD Bearish Pressure Remains Valid But With Caution
NOTE: if you do not have time to search for strategies and study all the tools of the trade, you do not have the extra funds for testing and errors, tired of taking risks and incurring losses – trade with the...
AUD/USD: Does the Big Intraday Reversal Indicate a Near-Term Bottom?
This morning’s US session started much in the same way as some of the previous days this week: with US stock indices opening deeply in the red. After a bounce back yesterday, risk sentiment was hurt by disappointing earnings reports...
Crude Oil Trading Bearish – Elliott wave Analysis
Crude oil is nicely unfolding a five-wave drop within sub-wave 3) of A, as part of a bigger, three-wave reversal. We currently see a minor pullback within a downtrend in play, which can look for resistance near the 67.6 area,...
USDJPY Outlook: Acceleration through Key Supports on US GDP Data Risks Deeper Fall
The pair accelerated lower and cracked key support at 111.62 (15 Oct low) after US Q3 GDP data showed that the US economy slowed less than expected (Q3 3.5% vs 3.3 f/c and 4.2% prev). Markets got more cautious about...
Dow Jones Outlook: Bears Look for Eventual Break Below 24544 Fibo Support
Dow Jones Dec future contract was slightly higher after better than expected US Q3 GDP on Friday and still holding above pivotal support at 24544 (Fibo 61.8% of 23050/26962 Feb/Oct rally), where downside attempts were repeatedly rejected. Extended consolidation is...
BTCUSD in Weak Momentum in Short-Term; Descending Triangle Still Holds
BTCUSD is moving sideways with weak momentum in a descending triangle pattern over the last eight months with a strong support obstacle being the 5780 barrier. The price found significant resistances on the 20- and 40-simple moving averages (SMAs) in...
US 30 Index Turns Bearish in the Short-Term
The US 30 index recorded considerable losses in recent weeks, touching a 3½-month low on October 24, and falling below both its 50- and 200-day simple moving averages (SMA). Hence, the short-term bias has turned negative, though the fact that...
USDCHF Recovers After Rebound On 0.9540, Trades Near 2-Month Peak
USDCHF started a strong recovery after the bounce off the September 21 low of 0.9540, driving the pair towards a new three-month high of 1.0017 on Thursday. The pair has eased a bit from that peak but remains in a...
WTI Oil Outlook: Broken 200SMA Caps And Maintains Bearish Tone
WTI oil holds in red on Friday and signaling that bears are returning to play after recovery attempts in past two days were repeatedly rejected after failing to sustain probes above strong 200SMA barrier ($67.46). Rising concerns about global oversupply,...
Signal2forex.com - Best Forex robots and signals




