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Dow Jones & Nasdaq 100 Technical Forecasts for the Week Ahead

Posted by By 10/05/2021Posted inForex
The Dow Jones and Nasdaq 100 have seen their price patterns diverge as industrials outpace technology stocks. As a result, the two indices posses opposite technical forecasts for the week…
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USD/JPY Pares Post-NFP Decline as US Treasury Yields Recover

Posted by By 10/05/2021Posted inForex
USD/JPY attempts to retrace the bearish reaction to the US Non-Farm Payrolls (NFP) report amid the rebound in longer-dated US Treasury yields.
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FX Week Ahead – Top 5 Events: Chinese, German, US Inflation Rates; Banxico Rate Decision; US Retail Sales

Posted by By 10/05/2021Posted inForex
The second week of May sees a global focus in the first half and a North American focus in the second half.
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Canadian Dollar Outlook: USD/CAD May Plunge- Loonie Breakout Levels

Posted by By 10/05/2021Posted inForex
The Canadian Dollar breakout is approaching initial technical hurdles as USD/CAD plummets to multi-yearly lows. Here are the levels that matter on the Loonie charts.
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Chinese Yuan Technical Analysis: EUR/CNH, USD/CNH Rates Outlook

Posted by By 10/05/2021Posted inForex
More weakness in USD/CNH is good for risk appetite, regardless of what’s happening in EUR/CNH.
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US Dollar Draws Near Key Support; EUR/USD to Two-Month Highs

Posted by By 10/05/2021Posted inForex
It's been a fast and aggressive move of USD-weakness so far in Q2, but the Greenback has come to a key area on the chart around the 90-handle in DXY.
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USD/CHF, USD/SEK Lose 2021 Uptrends; USD/NOK Retains Bear Flag Breakout Posture

Posted by By 10/05/2021Posted inForex
The US Dollar continues to struggle against a basket of European currencies.
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Gold Price Approaches 200-Day SMA for First Time Since February

Posted by By 10/05/2021Posted inForex
The price of gold appears to be on track to test the 200-Day SMA ($1851) for the first time since February after establishing a double-bottom formation in March.
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US Dollar Technical Analysis: DXY Trend Towards 2018 Low Continues

Posted by By 10/05/2021Posted inForex
The DXY failed to overcome an important level of resistance and now appears poised to run towards 2021 lows and worse.
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Markets Week Ahead: Gold, EUR/USD, S&P 500, FTSE 100, Inflation, Sentiment

Posted by By 10/05/2021Posted inForex
Global markets were relatively calm this past week, but big ticket items like inflation, retail sales, and consumer sentiment data have potential to ignite volatility. Where is gold, EUR/USD, S&P…
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