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US Dollar Breaks Below Key Fib Support as Yields Sink, DXY at Risk of More Losses

Posted by By 04/04/2023Posted inForex
The U.S. dollar, as measured by the DXY index, breaks below key Fibonacci support, and hits its lowest level since early February, dragged lower by falling Treasury yields and weak…
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Ethereum (ETH/USD) Breaks Higher as Shanghai Upgrade Nears

Posted by By 04/04/2023Posted inForex
Ethereum is looking to move higher on its own and pare some recent losses against peer Bitcoin.
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Silver Price Forecast: On a Knife Edge as Key Confluence Area Reached

Posted by By 04/04/2023Posted inForex
Silvers recent rally has stalled following improved risk appetite and a key confluence area being reached. What next for silver prices, break higher or potential retracement?
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Crude Oil Price Forecast: OPEC+ Actions Lingering, Markets Mull Over Consequences

Posted by By 04/04/2023Posted inForex
Will crude oil be able to hold onto its recent gains post-OPEC+? Knock-on effects are being examined while we await key US economic data this week.
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Gold Could Test Multi-Month Highs if a Bullish Technical Pattern Plays Out

Posted by By 04/04/2023Posted inForex
The price of gold is set to move higher, according to one technical set-up, but first $2,000/oz. remains in the way of any move higher.
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Japanese Yen Price Action Setups: USD/JPY, EUR/JPY Approaching Key Resistance Areas, Breakouts Incoming?

Posted by By 04/04/2023Posted inForex
The Yen had a timid close to Q1 as both EURJPY and USDJPY enjoyed significant rallies to the upside. Technicals hint at further gains in the short-term.
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Euro Price Forecast: EUR/USD 1.09 Handle About to Break?

Posted by By 04/04/2023Posted inForex
EUR/USD continues its battle with the 1.09 level which may be pierced in due course ahead of a US data filled week.
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German DAX and UK FTSE Price Action: Is DAX Turning Bullish? Dead-Cat Bounce in FTSE?

Posted by By 04/04/2023Posted inForex
The strong rebound in the German DAX and the UK FTSE 100 index may have been an encouraging sign for bulls. But charts say it may be premature to conclude…
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Australian Dollar Dips After RBA Leave Rates Unchanged. Will AUD/USD Top Out?

Posted by By 04/04/2023Posted inForex
The Australian Dollar gave up some ground with the RBA keeping the cash rate at 3.60% but not ruling out further tightening down the track. Is a pause enough to…
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Gold Jumps After ISM Data; Can it Rise Above the Key $2000 Level?

Posted by By 04/04/2023Posted inForex
Gold is once again flirting with the psychological 2000-mark following dismal US factory data. What are the chances for it to rise above the key resistance?
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