Technical outlook and ideas for Forex pairs
We have outlooked several promising Forex pairs and the result can surprise you!
How to trade WTI oil
Information is not investment advice
WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one. If the price rises above 52.35, it will likely push up to 53.00 (23.6% Fibonacci retracement of the 2020 decline). The Awesome Oscillator on the D1 is bullish. On the H4, the price has managed to overcome the 100-period MA. As long as it’s trading above this line in the 51.80 area, the short-term uptrend will remain in place. Below 51.70, the price will be vulnerable for a correction to the 50.90 area.
Trade ideas for WTI oil
BUY 52.00; TP 53.00; SL 51.75
SELL 51.70; TP 50.95; SL 51.85
To trade WTI with FBS you need to choose WTI-20H in MT4.
Similar
Another EUR/USD Trade!
4H Chart Daily Chart We sent out a signal yesterday to long EUR/USD between 1…
New EUR/USD Trade
4H Chart Daily Chart EURUSD declined back yesterday after trying to test its 1…
Popular
United Nations Call the Fed to Cut Rates
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
It’s Time to Look at New Zealand
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
The CAD vs. the World: Mid-Term Scenarios for the Currency
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
Choose your payment system
