Wednesday, 6 February 2019

Post-ECB EUR/USD Rebound Unravels, Bullish Momentum Abates

EUR/USD is back under pressure even as the FOMC drops the hawkish forward-guidance, with recent price action warning of a further decline as it carves a bearish series.


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Gold Price Technical Outlook: XAU/USD to Threaten Deeper Correction

A reversal off Fibonacci resistance leaves the gold price rally vulnerable near-term. Here are the targets & invalidation levels that matter on the XAU/USD charts.


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DJIA: Dow Rally Extends to Fresh Two-Month-Highs

The first quarter of 2019 has been a stark change-of-pace from the bearish price action that had developed in US stocks during Q4.


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USD/CAD Rate Carves Higher Highs & Lows as Bear-Flag Runs Its Course

The bear-flag appears to have run its course, with USD/CAD at risk for a larger correction as the exchange rate carves a fresh series of higher highs and lows.


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US Dollar Bulls Continue to Push as AUD/USD Crushed Through Support

The past week has produced a noticeable shift in US Dollar price action, as bulls have continued to drive after the currency posted a higher-low in the end of January.


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DXY Index Rallying in Confines of Triangle; Gold Pullback Under Way

The US Dollar’s move higher the past few days hasn’t been insignificant, but the DXY Index has yet to leave the symmetrical triangle that’s defined trading in 2019.


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EURUSD Rangebound, USDCAD Hits Resistance, AUDUSD Hammered - US Market Open

AUD had been hammered after the Governor opened the possibility of a cut. Euro continues to hover around 1.14 in light relentless weak Eurozone data.


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AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

Beware of exhaustion in AUDUSD, crucial support curbing further losses in AUDNZD.


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Technical Outlook for Dow Jones, DAX 30, Crude Oil, Gold Price, Copper & More

Stocks are strong with the Dow and DAX above another set of levels, crude oil is carving out HHs/HLs, gold working towards support, and copper to resistance.


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USDCAD: Canadian Dollar Weakened by Crude Oil Price Slippage

After a sustained fall in USDCAD so far this year, the pair is beginning to rally as the Canadian Dollar eases in line with a slip in the price of crude oil.


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USDJPY Bearish Amid Repatriation Flows, Return to Flash Crash Levels



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GBPUSD Outlook: Sterling Makes Significant Shift to the Downside

The British Pound has broken decisively lower as weak economic data suggest the Bank of England will wait for Brexit developments before even considering a rate rise.


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Crude Oil Price Lower But Remains Range Bound

Crude oil edges lower but is now seemingly constrained within a one-month trading range which will need further stimulus for a breakout.


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Top 10 Candlestick Patterns To Trade the Markets

Learn the most reliable candlestick patterns for trading the financial markets, including examples, expert tips and more…


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FTSE Chart Analysis – Surge Pushes Price from One Level of Resistance to Another

The FTSE has rallied sharply in the past week, running through resistance levels with ease; how will the next zone be treated?


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EURUSD Price Breaking Lower After Further Bad Economic News

The Euro continues to slip lower across the board after another weak economic data release. And with fears also growing over Italy’s debt pile, the single currency may move lower still.


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Yen, US Dollar Rise as RBA Governor Lowe Spooks the Markets

The anti-risk Japanese Yen and US Dollar rose as ominous comments from RBA Governor Lowe spooked the markets. More of the same looks likely ahead.


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Top 10 Candlestick Patterns To Trade the Markets

Learn the most reliable candlestick patterns for trading the financial markets, including examples, expert tips and more...


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Tuesday, 5 February 2019

Gold Prices Eye Key Chart Support, Crude Oil Drops Before EIA Data

Gold prices are at a decisive technical juncture as sellers probe the bounds of the near-term uptrend. Crude oil prices fell before incoming EIA inventory flow data.


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Australian Dollar Clobbered By RBA Rethink, Asian Stocks Gain

The Australian Dollar was hit by its home Reserve Bank’s acknowledgement that rates may yet retreat from their current, record low point.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...