Weekly Technical Forecast: Dow and EURUSD Reverse, Gold and Oil Extend Runs
Faced with the prospect of forcing key breakouts that could systemically alter the markets bearing, the US indices and EURUSD instead folded to technical pressure. Not all markets have lost traction and conviction. Both gold and oil have extended major bullish and bearish trends, respectively.
US Dollar Weekly Technical Forecast Ahead of FOMC
The Dollar rallied off support last week, but it is still questionable as to whether it can pick up more momentum from here or not; Fed meeting this week.
Dow Jones, DAX 30, FTSE 100 Technical Forecast
The Dow Jones, DAX 30 and FTSE 100 may experience considerable volatility in the week ahead, here are the technical levels to watch.
Gold Price Weekly Outlook: Breakout Stalls at Multi-year Resistance
Gold prices rallied for a fourth-consecutive week with the advance now testing the 2016 resistance slope. These are the levels that matter on the XAU/USD weekly chart.
Crude Oil Price Trading Bias Bearish as Chart Resistance Pressured
Crude oil prices may be due for a near-term correction on reversal technical signals, but oil net-long positioning offers a bearish-contrarian bias, opening the door to testing 2018 lows.
Pound Weekly Technical Outlook in GBP/USD, GBP/JPY, GBP/AUD
GBPUSD pushed back down towards May lows as GBPJPY built-in a bearish engulfing pattern. But brighter days may be ahead in GBPAUD after a morning star formation.
Dollar Approaches Two-Year High as Major Crosses Grope for Traction
The Euro put in for a notable retreat through the second half of last week, but its reversal is not as intense as EURUSD may insinuate. Will momentum spread in the week ahead?
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.