The price of a barrel of US oil rose over the past two days, and we find that the price has been established above the level of 56.70, which is considered positive.
It is possible to rely on the stability of trading above the moving averages and the stability of the RSI above the 50-point line to expect a positive extension, as these conditions support stability above 56.70.
Price Trend: Up [...]
The EURUSD pair is still trading above 1.1790, and stability above this level after a long trading below could be a positive sign. At the same time, trading is still limited at levels below the simple moving averages.
In general, we can expect attempts to rally towards 1.1885, but the uptrend can only be confirmed by breaching the last mentioned level, to prove above the moving averages. Overal [...]
GBPUSD is still in the upside direction to trade at levels above 1.3215, and stability above this level is positive and may be the reason for further bullishness.
The moving average indicator shows us an attempt to rise, and these conditions are supportive of the possibility of a bullish correction. However, the upside correction will depend on the price later to break the 1.3300 level, and any [...]
Gold trading above 1290.00 is considered very positive, and this may trigger the Gold to a new rally with its first psychological level at $1300.00 and possibly the technical barrier at $1305.00.
Although any trading above this price should be considered positive, but trading above 1290.00 is necessary to negate the oversold signals appearing on the RSI, while we see a bullish trend in the ADX. T [...]
EURUSD could not hold the 1.1600 Levels.
As we saw last week the EUR/USD pair was trading above the1.1600 levels with a daily try breaking the 1.6650 levels.
The currency starts the week with a slight downtrend touching the 1.5890. If the pair continues failing, we will see most probably a test touching the 1.1500 before the ECB President's speech.
We recommend to sell and waiting to reach ou [...]
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