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Trade strategies and Technical analysis

Japanese Yen Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY

Japanese Yen Technical Forecast: BearishJPY weakness showed in a big way after the FOMC rate decision. If rates are edging higher elsewhere, that could bring on more Yen-weakness, similar to ...
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USD/CAD Technical Outlook: Levels, Lines, and Scenarios to Consider

USD/CAD Technical OutlookUSD/CAD ran towards big resistance but fell short againTrendless for the most part with a slight upward biasScenarios to consider under certain cirumstances Advertisement USD/CAD Technical Outlook: Levels ...
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New Zealand Dollar Forecast: Bull Moves Back on Track? – Setups for NZD/JPY, NZD/USD

Advertisement New Zealand Dollar Outlook:The New Zealand Dollar’s bullish breakout attempt in early-September was rebuffed. Price action at the end of the month is telling a different story.Rebounds at key ...
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US Dollar Climbs Post FOMC. USD/SGD, USD/THB, USD/PHP, USD/IDR in Focus

US Dollar, USD/SGD, USD/THB, USD/PHP, USD/IDR – ASEAN Technical AnalysisUS Dollar extends gains against ASEAN currencies after FOMCUSD/SGD and USD/THB technical outlook remains tilted higherUSD/PHP may test Triangle resistance, will ...
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GBP/JPY May Soon Confirm Broad Topping Sequence

Advertisement GBP/JPY Technical Highlights:GBP/JPY trading near big long-term supportH&S top could get validated soon if support breaksGBP/JPY looked poised to rally not long ago, but a lack of confirmation and ...
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Gold Price Forecast: Chasing Former Support Ahead of Fed – Levels for XAU/USD

Advertisement Gold Price Outlook:Gold prices are plodding along below symmetrical triangle support, with momentum indicators starting to point lower.Only by clearing 1785 in the coming days would traders have a ...
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Dow Jones Industrial Average Lower Towards 200-Day

Advertisement The Dow Jones Industrial Average continues to look poised for more selling as the near-term trend remains pointed lower. With that in mind, the trading bias looks to lean ...
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Crypto Comedown: Bitcoin (BTC/USD), Ethereum (ETH/USD) Test Support

Bitcoin, Ethereum, Cardano Talking Points:Crypto markets pulled back over the weekend as risk began to spread on the Evergrande scenario in China. Both Bitcoin and Ethereum are testing big spots ...
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USD/CHF IG Client Sentiment: Our data shows traders are now net-short USD/CHF for the first time since Aug 13, 2021 when USD/CHF traded near 0.92.

Number of traders net-short has increased by 101.93% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI USD/CHF BULLISH 49.88% 50.12% 3.74% ...
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US Dollar Technical Forecast: USD Drives to Sept High, FOMC on Deck

US Dollar Technical Forecast: NeutralThe US Dollar put in a strong move this week but next week brings the FOMC and this has the potential to shape trends for the ...
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GBP/USD Technical Forecast: Pound Sterling at Risk of a Downside Breakout

GBP/USD WEEKLY FORECAST: BEARISHGBP/USD has been coiling inside a symmetrical triangle over the past few months, a sign that the pair is in a consolidation stageWith the Fed and Bank ...
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Dow Jones, Nasdaq 100, S&P 500 Forecasts for Next Week

Indices Technical Forecast: Neutral to BullishS&P 500 trying to hold onto channel supportDow Jones is the laggard, go-to short if things deteriorateNasdaq 100 has support just below, anticipated to remain ...
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Gold Price Forecast: Gold Plunges to Key Support- XAU/USD FOMC Levels

Gold Technical Price Forecast: Neutral Advertisement Gold prices marked a second consecutive weekly decline on Friday with XAU/USD trading down 1.87% to trade at 1754 ahead of the US close ...
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Canadian Dollar Analysis: Are Recent USD/CAD, EUR/CAD Lows in the Rearview Mirror?

USD/CAD, EUR/CAD - Talking PointsUSD/CAD and EUR/CAD established lows in the second quarterThe USD/CAD has displayed some potential for a trend unfoldingEUR/CAD has been caught in a range, but can ...
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Silver Price Forecast: Heading Back to August Low? – Levels for XAG/USD

Advertisement Silver Price Outlook:As the US Dollar and US Treasury yields swing higher, silver prices have plunged.The latest batch of US economic data suggests the economy is weathering delta variant ...
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