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  • The USD could still rally a bit from here, but has resistance not far ahead that it will need to overcome if it is to extend to a larger degree. Get your weekly $USD technical forecast from @PaulRobinsonFX here: https://t.co/n0CVWWOJDe https://t.co/0uLjsQ2gwM
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  • The results of this weekend’s German Federal Election will likely dominate Euro sentiment at the start of the week ahead but after a possible EUR/USD bounce they will have little long-term impact. Get your weekly $EUR forecast from @MartinSEssex here: https://t.co/Xu3ZT7EtrW https://t.co/5VHKn52MaA
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  • Sterling continues to contract into trend extremes and the focus is on a pending breakout in the weeks ahead. Get your weekly $GBP technical forecast from @MBForex here: https://t.co/ZvEMQuFjSs https://t.co/rMmq9cehnY
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S&P 500 Technical Forecast: Status Quo or Change of Character?

S&P 500 Technical Forecast: Status Quo or Change of Character?

Paul Robinson, Strategist

The S&P 500 futures are testing the October trend-line, the third test in as many months. This is becoming an increasingly important threshold. What I’m watching for is whether the market will react as it has on each minor dip before by quickly turning back towards record highs, or will we see a change in character where either support breaks or a lower high develops? For now, giving the trend and support the benefit of the doubt.

For the full details, please check out the video above…

S&P 500 Daily Chart

S&P 500 daily chart

S&P 500 Chart by TradingView

Resources for Forex Traders

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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