Gold Price to Recover if Fed Rate Hike Risk & USD Strength Ebb
Gold price action has plunged over -5% so far this week. Can XAU/USD stage a rebound or will the hawkish Fed dot plot and corresponding US Dollar strength continue to…
USD/JPY Fails at Resistance and Pivots Lower, but the Underlying Trend Remains Bullish
USD/JPY turns lower after colliding with a key technical resistance area, but the dollar bias remains positive post-Fed.
Bitcoin Price Stalls at Resistance – Can BTC Avoid Range-Bound Trading?
Bitcoin trades between two major technical levels as price action threatens range-bound trading.
Canadian Dollar Technical Analysis: A Quick Trip to Support – Setups in CAD/JPY, USD/CAD
Post-Fed, plunging commodity prices are weighing down the Canadian Dollar.
AUD/USD Rate Slips Below 200-Day SMA for First Since June 2020
AUD/USD appears to be on track to test the yearly low (0.7532) as the exchange rate slips below the 200-Day SMA (0.7548) for the first time since June 2020.
US Dollar Outlook: DXY Surges as FOMC Fuels Major USD Breakout
The Dollar ripped higher post-Fed with a breakout of the June range threatening a larger USD reversal. Here are the levels that matter on the DXY technical charts.
Dow Jones Price Falls to Key Trendline as Fed Enters Taper Talk Window
The Dow Jones is at risk of a major breakdown after a slightly hawkish Federal Reserve sent stocks lower. Should price pierce the trendline, the Industrial Average could fall further…
Euro Technical Analysis: EUR/USD, EUR/JPY, EUR/GBP
The Euro put in a big move yesterday on the back of the FOMC rate decision, but which markets are primed for fading that move and which are showing potential…
Gold Price Vulnerable Following FOMC as RSI Approaches Oversold Zone
A move below 30 in the RSI is likely to be accompanied by lower gold prices like the behavior seen in March.
South African Rand (ZAR) Overview: Post FOMC Round Up
A more hawkish stance of FOMC members coupled with SA’s new stricter lockdown regulations buoy USD/ZAR pullback