FX.co ★ Daily Forex Analytics. Forecast of the currency exchange rate for today

Crude oil is expected to continue falling in the coming days until it reaches the 200 EMA, a level that coincides with the lower band of the uptrend channel around...

If the downward pressure prevails, oil is expected to fall to the lower band of the bullish channel located at 62.50. This level could be seen as a good point...

On the contrary, if crude oil falls below the 6/8 Murray, we could expect the bearish cycle to resume; hence, the price may return to the 4/8 Murray support levels...

Given that crude oil has been trading with a bullish bias, any pullback while the price trades above 4/8 Murray will be seen as an opportunity to take long positions...

Crude oil (WTI) is trading around $63.64 per barrel with an upward bias and is likely to continue rising in the coming days until it reaches the 5/8 Murray...

The Eagle indicator is showing a negative signal, so we will look for opportunities to open short positions below $60.90. Any rebound will be seen as a signal to sell...

Crude oil (WTI) is trading around $60.35 within an upward trend channel formed since early January. Crude oil could continue to rise in the coming hours and reach...

The Eagle indicator is showing overbought signals. Thus, a sharp drop is likely to occur in the coming hours, so we will look for opportunities to open short positions below...

A decisive break above the downtrend channel while consolidating above the 200 EMA could be a clear signal for a bullish outlook. In the short term, WTI could reach $59.37...

Given that the Eagle indicator is showing a positive signal, we can open long positions as long as the price consolidates above $55.60 or in case of a rebound towards...