EUR/GBP Technical Analysis: Euro Prices Awaiting Range Breakout

EUR/GBP prices struggled confirming a break above the August descending trend line, consolidation mode appears to be ensuing. Upper boundary near 0.89394, lower one around 0.88108.


from DailyFX - Feeds all https://ift.tt/2Q0RGmy
via IFTTT

NZD/USD Technical Analysis: Double Top Forming Below 0.69?

The New Zealand Dollar is back to retest resistance below the 0.69 figure against its US counterpart, with negative RSI divergence hinting that the barrier may hold.


from DailyFX - Feeds all https://ift.tt/2ACdfz4
via IFTTT

USD/BRL Techninal Analysis: Bearish Reversal in Sight?

USD/BRL has formed what appears to be a bearish Head and Shoulders pattern. The pair’s movement is likely being driven by Brazilian politics.


from DailyFX - Feeds all https://ift.tt/2Q79Frp
via IFTTT

Australian Dollar Hit By Weak China PMIs, RBA, G20 Eyed

The Australian Dollar ticked lower Friday as Chinese data disappointed, with manufacturing now very close to outright contraction


from DailyFX - Feeds all https://ift.tt/2Q3OxSP
via IFTTT

USD Prices Mostly Resilient on FOMC Minutes, AUD/USD May Fall Next

The FOMC minutes failed to offer meaningful weakness to the US Dollar as the S&P 500 paused its winning streak. AUD/USD may reverse its near-term uptrend as the G20 Summit looms.


from DailyFX - Feeds all https://ift.tt/2Smq5Ji
via IFTTT

Dollar Declines as FOMC Minutes Point to Powell Pumping the Brakes on Hawkish Fed

While December still appears live for another Federal Reserve interest rate hike after dovish remarks from central bank officials, the future path for policy normalization grows uncertain.


from DailyFX - Feeds all https://ift.tt/2zxoPvL
via IFTTT

FX Price Action Setups in EUR/USD, USD/CAD, NZD/USD and AUD/USD

There's considerable noise in the backdrop, and this weekend brings G20 which may further complicate matters. In this webinar, the US Dollar was the focal point.


from DailyFX - Feeds all https://ift.tt/2RnUYNk
via IFTTT

AUD/USD Rate Clings to Bullish Series Ahead of G20 Summit

AUD/USD clings to the recent series of higher highs & lows ahead of the G20 Summit, with attention turning to the looming trade discussion between the U.S. and China.


from DailyFX - Feeds all https://ift.tt/2Q4k6My
via IFTTT

Gold Sentiment Suggest that Prices Might Rise

Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.


from DailyFX - Feeds all https://ift.tt/2zya77Y
via IFTTT

S&P 500: Weekly Short Positions Soar 29% Prompting a Bullish Bias

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.


from DailyFX - Feeds all https://ift.tt/2SmOYVf
via IFTTT

Oil Price Forecast: RSI on Cusp of Flashing Buy-Signal

Recent price action raises the risk for a larger rebound in crude oil, with the Relative Strength Index (RSI) on the cusp of flashing a textbook buy-signal.


from DailyFX - Feeds all https://ift.tt/2SeuGx4
via IFTTT

Ethereum Price Forecasted to see Large Gain using Elliott Wave Analysis

Ethereum’s price chart shows the potential for an increase to 225 according to Elliott Wave Theory. We are looking for strength to emerge soon.


from DailyFX - Feeds all https://ift.tt/2SijEqr
via IFTTT

Gold Price Outlook: XAU/USD Consolidation- Breakout Imminent

Gold is in consolidation just below multi-month slope resistance. Here are the targets & invalidation levels that matter on the XAU/USD charts heading into December.


from DailyFX - Feeds all https://ift.tt/2BFAuKH
via IFTTT

USD/JPY Sentiment Prompts a Mixed Bias

The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.


from DailyFX - Feeds all https://ift.tt/2zG7wsL
via IFTTT

GBP/USD Sentiment is Unable to Provide a Clear direction

The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.


from DailyFX - Feeds all https://ift.tt/2BHfQcZ
via IFTTT

AUD at Resistance, Russian Jawboning Lifts Oil - US Market Open

The Australian Dollar is back at familiar resistance. Fed’s Powell dents USD, while typical EURGBP month-end demand weighs on GBP.


from DailyFX - Feeds all https://ift.tt/2zvK69l
via IFTTT

US Dollar Tests Trend-Line Support Ahead of FOMC Minutes

The US Dollar found resistance yesterday and already price action is testing a key area of trend-line support. Can buyers hold the lows, are we on the cusp of a fresh wave of USD-weakness?


from DailyFX - Feeds all https://ift.tt/2AwCt1R
via IFTTT

Global Market Rally Needs Dovish Fed and Positive US-China Trade War Upadate

Yesterday, Fed Chair Powell had echoed similar commentary to Vice Chair Clarida, stating that policy rate is “just below” broad range of estimates for the neutral rate. Eyes are now for developments at the G20 summit.


from DailyFX - Feeds all https://ift.tt/2Rla71V
via IFTTT

Brexit ’Doomsday’ Warnings Ignored by a Resilient Sterling

Dire economic predictions from the Government and the Bank of England have had only a minimal effect on Sterling so far as UK PM May continues to push her deeply unpopular Brexit deal to the country.


from DailyFX - Feeds all https://ift.tt/2ramlim
via IFTTT

EURUSD Chart Near-Term Bullish After Outside Range Day

A bullish outside range day on the EURUSD chart suggests near-term upside after the recent weakness of the pair.


from DailyFX - Feeds all https://ift.tt/2FNuhAm
via IFTTT