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US Dollar Outlook: DXY Plunge Pauses- USD Bears Test Yearly Support

Posted by By 31/05/2021Posted inForex
A Dollar reversal off was halted by Friday's inflation release as the index straddles yearly open support. The technical levels that matter on the DXY chart into June.
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Weekly Australian Dollar Technical Forecast: Narrative Shifting, Bears Gaining Control

Posted by By 31/05/2021Posted inForex
Thanks to shifting fundamental forces – weaker commodity prices and a relatively less hawkish RBA – Aussie bears more control over price action across a number of AUD-crosses.
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Gold Technical Forecast: Higher Highs to Come if XAU Clears 1900 Level?

Posted by By 31/05/2021Posted inForex
Gold may run higher if it clears the psychologically imposing 1900 level, but several other technical considerations are in play for the yellow metal. Where could XAU/USD head next?
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Nasdaq 100, Hang Seng Index Forecast: "Double Bottom" Signals Bullish Trend Reversal

Posted by By 31/05/2021Posted inForex
The Nasdaq 100 index formed a “Double Bottom” chart pattern, which is commonly viewed as a bullish trend-reversal signal. The Hang Seng Index (HSI) aims to breach a key chart…
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Weekly Canadian Dollar Technical Forecast: Is the Rally Long in the Tooth?

Posted by By 31/05/2021Posted inForex
The Canadian Dollar has been on an absolute tear in 2021, thanks in part to rising energy prices. Yet gains have been harder to come by over the past week-plus.
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Gold Forecast Bright on Weak USD; Silver Eyes Multi-Year High

Posted by By 31/05/2021Posted inForex
Gold price action advanced for its fourth-week straight as silver soared to multi-year highs thanks to a stubbornly weak US Dollar. Will gold and silver prices rise further or will…
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EUR/USD Forecast: Euro Traders Remain Cautious Ahead of German CPI

Posted by By 31/05/2021Posted inForex
EUR/USD Forecast: Euro Traders Remain Cautious Ahead of German CPI
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Weekly Fundamental US Dollar Forecast: Inflation Fears Linger; May US NFP Due Friday

Posted by By 31/05/2021Posted inForex
The ongoing erosion of US real yields, thanks to rising inflation expectations and stagnant US Treasuries, has proved to be a negative influence on US Dollar.
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GBPUSD Price Forecast: Either a New Phase of 15-Month Bull Leg or Reversal

Posted by By 31/05/2021Posted inForex
GBPUSD has shifted into neutral and is building pressure just below a technical resistance that holds the keys to the next leg of a major bull trend or the beginning…
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Euro Forecast: EUR/USD Price Outlook Positive, Well Placed For More Gains

Posted by By 31/05/2021Posted inForex
EUR/USD remains in an uptrend and is in a good position to reach the 1.23 level and then new highs for the year to date as the Eurozone economy improves…
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