Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.
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Wednesday, 6 February 2019
EURUSD Bullish Bias, Position Pending Resistance Breakthrough
EURUSD has faced months of congestion but a dovish shift from the Federal Reserve may serve to spur buying pressure for the Euro.
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GBPUSD: Sentiment Suggests Bearish Trading Bias
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.
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EUR/USD Suggests a Bearish Bias
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.
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Bitcoin Prices May Continue to Fall
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias.
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GBP/USD: Cable Pullback Catches Support, but Can it Hold?
It’s been an interesting start to 2019 for the British Pound and already with a little over a month into the New Year, and a number of themes have shown around the currency.
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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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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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