US Crude Oil Technical Outlook (Weekly)

US Crude Oil Technical Outlook (Weekly)






US Crude Oil Technical Outlook (Weekly) $USO NYMEX Crude Oil (CL) WTI Crude Oil formed a low (temporary)after dipping to 39.19 and recovered. Some consolidations could be seen 1st but outlook will remain Bearish as long as 44.42 support turned resistance holds. Current decline from 51.67 would target 61.8% Fibo retracement of 26.05 to 51.67 […]






Weekly Technical Outlook NYMEX Crude Oil (CL)

Weekly Technical Outlook NYMEX Crude Oil (CL)






Weekly Technical Outlook NYMEX Crude Oil (CL) Nymex Crude Oil (CL) The choppy fall from 51.67 continued last week and broke 41.88/90 cluster support (38.2% Fibo retracement of 26.05 to 51.67 at 41.88). Continued trading below this mark should now bring deeper fall to 61.8% Fibo retracement at 35.84 1st and possibly to 35.24 support […]






EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The financial world is still focused on the Brexit referendum Thursday, with mixed results coming from polls marginally favoring the remain side, and keeping risk sentiment on. Generally speaking, high yielder’s end up gaining Vs the Buck, while safe haven assets fell, although the EURUSD fell to 1.1242, and […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: Forex markets were thin at the beginning of the day, with the USD easing alongside with risk averse sentiment, and the single currency recovering up to 1.1244, ahead of the US FOMC meeting policy announcement. Once again, the Fed delayed a rate hike, and the USD dove Vs […]






EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: Trading was erratic around the single currency Tuesday confined to a 50 pips’ range. The Buck closed lower across the board, as an uptick in US inflation was not enough to dispel doubts over the next Fed’s rate hike. US headline inflation rose from 0.9% Y-Y to 1.1% Y-Y […]






EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD reversed a 6-day decline Wednesday, rallying up to a new weekly high at 1.1446, holding nearby, as USD’s upward strength continued to fade. There were no relevant macro-economic releases Wednesday, with the Key data coming later this week. The US will offer its Retail Sales, PPI and Consumer […]






EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD The EURUSD traded uneventfully for a 2nd straight day, ending flat to unchanged around 1.1380. With no major macro-economic data on tap, speculators struggle to find a new direction for the pair, after it topped at 1.1615, and completed a 50% Fibo downward correction. Germany released disappointing Industrial Production data for […]






EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The majors’ Friday movements extended this Monday, with the USD up Vs all of its major peers, and commodity related currencies (AUD, NZD, CAD) underperforming due to a sharp decline in Crude Oil and Gold’s prices. The Buck got some support from US Fed’s speakers offering a generally […]






EUR/USD Weekly Technical Outlook






EUR/USD Weekly Technical Outlook Euro $EURUSD EUR/USD’s strong rise last week augurs a consolidation pattern from 1.1464 has completed at 1.1217 already. Initial bias is on 1.1464 and breakout will confirm this. In such case, EUR/USD will target 1.1713 resistance next. But, expect strong resistance from 38.2% Fibo retracement of 1.3993 to 1.0461 at 1.1810 […]






Technical Analysis for EURUSD (Daily)






Technical Analysis for EURUSD (Daily) Euro $EURUSD EURUSD The US Fed (FOMC), the Bank of Japan (BOJ) decided to stay the course, with Mr. Kuroda saying they need more time to assess the effects of negative rates. The EURUSD pair, despite reaching a WTD high at 1.1367, was unable to benefit, as data coming from […]






Technical Analysis for EURUSD (Daily)

Technical Analysis for EURUSD (Daily)






Technical Analysis for EURUSD (Daily) Euro $EURUSD EURUSD The majors currency pairs saw a lackluster Monday with little definitions, but the USD edged lower and the GBP outperformed due to diminishing fears over a Brexit. A light macro-economic calendar and some soft date in the US housing sector during the American afternoon led the Buck’s […]






Technical Analysis for EURUSD (Daily)






Technical Analysis for EURUSD (Daily) Euro $EURUSD EUR/USD The USD closed the week with a firm tone against most of its peers, mostly weighed by the nonevent that was the ECB meeting. The EURUSD pair closed the week a couple of pips above the 38.2% Fibo retracement of its latest Bullish run between 1.0821 and […]