Weekly Technical Forecast: EURUSD and Equities Held Off Critical Breaks in November, Will they Manage the Same in December?
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Sterling’s technical set-up remains weak with the charts pointing lower and towards recent support levels.
The USDCAD currency pair experienced a steady ascent since early October but fading technical indicators may jeopardize the bullish uptrend
The Dollar has maintained its general bullish bias of the past 10 months, but progress has been fraught with indecision. Course setting and perhaps even full trend may now ride on the level of liquidity and volatility in the markets through December.
US stocks put in recovery moves this week as the book was closed on November trade. But can that enthusiasm remain into the final month of a volatile 2018?
The Euro has been an indecisive animal and that looks set to continue as a triangle pattern looks to be in the works before making a move (likely down…).
The recent sharp drop in energy prices undermines a key appeal of Gold in the near-term.
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