Weekly Technical Forecast: Dollar and Equities Lose Traction Ahead, Leaving Next Week’s Break In Doubt
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Australian Dollar Forecast - AUD/USD Breakout Struggles, EUR/AUD Risks Reversing to August Lows
The breakout lower in AUD/USD struggled, next week may determine if it will continue. Meanwhile a bearish reversal pattern with support break warns EUR/AUD may reverse to August lows.
Euro Forecast - Euro Stalls at Wall of Resistance
The euro will start the week coming off resistance, keeping it amid the chop; tactical considerations outlined for both sides of the market.
Japanese Yen Forecast - Charts Spell Trouble for Yen
The Japanese Yen is entering the new week on weak footing, especially as the Nikkei 225 attempts a breakout.
Equity Forecast - Dow, S&P 500, DAX, FTSE and Nikkei
European equities finally found a bit of support as US equities pulled back to close the week. Global stocks appear to be lining up for an interesting Q4 around-the-world.
British Pound Forecast - Trend Support Needs Respecting
The daily GBPUSD chart shows further upside possible but the four-hour chart warns that the recent uptrend may be broken and drag and caution is needed.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.