US Dollar: Break or Bounce, Setups on Both Sides

In this webinar, we looked at price action setups in the US Dollar after a pullback in the recent month-long bullish trend. This produces the possibility of bullish continuation, but that’s not the only possible setup, as short-side themes remain open of both very short and longer-term varieties. We looked at each in this webinar, […]

AUD/USD Price Analysis: Pending Consolidation Break to Fuel Next Leg

The Australian Dollar has continued to trade within a 2% range (150pips) since the start of May trade with price setting a well-defined monthly opening-range just above weekly support. While the broader risk remains weighted to the downside, the immediate bias remains vulnerable near-term while above this week’s lows. Here are the levels that matter […]

Gold Price Range-break Increases Pressure, Silver Support Under Siege

Gold/silver technical highlights: Gold breakdown has 2016 trend-line in focus Break below trend-line has attention towards 1230s Silver price and trend-line support at risk of breaking soon For a longer-term fundamental and technical outlook on Gold or any of your favorite markets/currency pairs, check out the DailyFX 2Q Forecasts. Gold breakdown has 2016 trend-line in […]

Gold Price Drops as US Treasury Yields Push Higher

Talking Points: – A stronger US Dollar on the back of higher US Treasury yields (both nominal and real) has paved the way for lower Gold prices. – Gold’s symmetrical triangle, previously eying topside resolution, has failed and broken to the downside. – Sentiment for the US Dollarhas started to turn contrarian bullishmidway though Q2’18. […]

EUR/USD Weekly Technical Forecast: More Bounce Before More Selling?

EUR/USD Technical Highlights: EUR/USD finds buyers after straight line move lower Bounce at risk of failing in the week ahead For the intermediate-term fundamental and technical outlook on EUR/USD, check out the DailyFX Quarterly Forecast. Last week’s net result was relatively even for EUR/USD, even posting a small reversal candle on the weekly time-frame, but […]