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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

Posted by By 09/08/2022Posted inForex
The US Dollar is consolidating ahead of a major CPI release. EUR/USD is working on its 16th day in a rectangle formation, will inflation prod a break?
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Gold Price Short-term Technical Outlook: Gold Rally at Trend Resistance

Posted by By 09/08/2022Posted inForex
Gold prices more than 6.7% off the yearly lows with the rally now testing yearly downtrend resistance. The levels that matter on the XAU/USD short-term technical charts.
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S&P 500, Nasdaq 100, Dow Technical Outlook for the Days Ahead

Posted by By 09/08/2022Posted inForex
U.S. stocks are coming off resistance to start the week; watching to see how aggressive selling could become.
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Bitcoin Bear Flag: Correction Conundrum

Posted by By 09/08/2022Posted inForex
The back-breaking bearish trend in Bitcoin that accounted for a near 75% drop has now been on hiatus for almost two months. Is the sell-off over?
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Ethereum (ETH) Price Outlook: The Most Important Week for Ethereum Merge Test

Posted by By 09/08/2022Posted inForex
Final Merge Test Before September Launch. Another Buy the Rumour, Sell the Fact in the Making?
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Euro Caught in the Range as US Dollar Sidelined Ahead of CPI. Will EUR/USD Break Out?

Posted by By 09/08/2022Posted inForex
Euro continues to remain anchored to recent ranges while commodity prices lifting gave related currencies a boost. Will US CPI be the trigger for EUR/USD to get a move on?
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Crude Oil Prices Fall as Market Backwardation Weakens Ahead of OPEC Report, EIA Data

Posted by By 09/08/2022Posted inForex
Crude oil prices are weaker in APAC trading hours as traders eye OPEC's MOMR and EIA inventory data. Meanwhile, key oil spreads are weakening, suggesting more losses lie ahead.
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Swiss Franc Firming Against US Dollar and Euro. Will Momentum Take CHF Higher?

Posted by By 09/08/2022Posted inForex
The Swiss Franc has been strengthening overall against the US Dollar and Euro, but more so against Euro. Will USD/CHF catch up and dive to new lows?
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Gold Price to Track 50-Day SMA on Failure to Clear August Opening Range

Posted by By 09/08/2022Posted inForex
The price of gold may continue to track the negative slope in the 50-Day SMA ($1786) if it fails to clear the opening range for August.
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AUD/USD Buoyed by Rising Iron Ore Prices as Traders Eye Westpac Consumer Confidence

Posted by By 08/08/2022Posted inForex
The Australian Dollar rose against the US Dollar overnight, supported by higher iron ore and copper prices. The incoming August consumer confidence data from Westpac presents a risk to AUD.
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