Weekly Technical Forecast: The Next Round of Technical Breaks May Finally Lead to Trends
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US Dollar Forecast: Dollar May Find Better Traction as Liquidity Fills Out in September
The Dollar saw another high profile technical break flounder this past week. The failed launch had less to do with the viability of the pattern and was more likely a byproduct of low liquidity. But, starting next week, we enter the most active trading period of the year.
British Pound Forecast: Building For The Next Leg Higher
GBPUSD is range-bound in the short-term but building for another leg higher with the daily chart remaining bullish
Japanese Yen Forecast: Technical Signals Mixed After Failed Breakout Follow-Through
The dollar-yen attempted a climb higher this week but fell short of delivering conviction on its downtrend breakout. Technical outlook for the pair is mixed
Australian Dollar Forecast: AUD/USD Downtrend Resumes, Eyes Mid-2016 Lows as Momentum Fades
AUD/USD prices resumed their 2018 downtrend on the daily chart after bullish reversal warnings were cancelled out, eyes May/December 2016 lows as downside momentum fades.
Euro Forecast:Euro Holds Monthly Support But Deeper Losses Likely Ahead
The Euro narrowly avoided a break below monthly chart support but near-term positioning hints losses against the US Dollar are likely to accelerate.
Equity Forecast: DAX Eyes July Lows, Dow Jones Trend Remains Up
Another week of gains for the Dow Jones with the index now hovering around the 26,000 level. US equity outperformance keeps trend moderately bullish. DAX bearish sequence brings July lows in focus.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.