EUR/USD Weekly Technical Outlook – Euro Coiling Price Action is a Good Thing

EUR/USD Technical Highlights: Euro price action continues to contract Waiting for one side of triangle/wedge to give-way 11500-line extremely important Check out our intermediate-term fundamental and technical perspective on EUR/USD in the recently released DailyFX Q3 Euro Forecast. Choppy, contracting price action (wedge/triangle building) can put a trader’s patience to the test, but instead of […]

AUD/USD Technical Outlook: Aussie Holds Critical Price Support

The Australian dollar has maintained its July opening-range just above key weekly support with a strong reversal last week threatening a larger recovery in the Aussie. Here are the updated targets and invalidation levels that matter for AUD/USD heading into the close of the month. Review this week’s Strategy Webinar for an in-depth breakdown of […]

GBPUSD Price Might Dip Lower Based on Sentiment

Traders Remain Net-Long Since Apr 20 GBPUSD: Retail trader data shows 72.4% of traders are net-long with the ratio of traders long to short at 2.62 to 1. In fact, traders have remained net-long since Apr 20 when GBPUSD traded near 1.41803; price has moved 7.0% lower since then. The number of traders net-long is […]

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. […]