Weekly Technical Forecast: Dollar and Equities Lose Traction Ahead, Leaving Next Week’s Break In Doubt

Check out our Economic Calendar for upcoming economic data and central bank events. Australian Dollar Forecast – AUD/USD Breakout Struggles, EUR/AUD Risks Reversing to August Lows The breakout lower in AUD/USD struggled, next week may determine if it will continue. Meanwhile a bearish reversal pattern with support break warns EUR/AUD may reverse to August lows. […]

Dollar Fails to Launch Major Technical Breakout, Reversal Risk Rising Rapidly

Technical Forecast for US Dollar: Bearish Talking Points: DXY and EURUSD just recently cleared head-and-shoulders patterns only for the move to fall apart In the past 7 trading days through Friday’s close, the Greenback slid 6 days and formed a new H&S Retail FX traders are net short Dollar versus the Euro and Pound. See […]

EUR/USD Weekly Technical Forecast: Breach Through Key Support Paves Way for Deeper Declines

EUR/USD TECHNICAL HIGHLIGHTS: Key Support at 1.1500 Break Euro at Risk of Deeper Declines Towards 1.1350 ReliefBid Confirmed Provided Euro Closes Above 50% Fib For the intermediate-term fundamental and technical outlook on EUR/USD, check out the recently released DailyFX Quarterly Forecast. The Euro endured a torrid time last week with the currency trading below key […]

EUR/USD Weekly Technical Outlook: Will the Euro Cooperate and Break 11500?

EUR/USD Technical Highlights: EUR/USD on the verge of testing the all-important 11500 level A break will have the euro rolling downhill, while… A hold will bring further digestion, possible descending wedge See what is driving EUR/USD on a fundamental basis and our intermediate-term techncial perspective in the DailyFX Q3 Euro Forecast. The euro attempted to […]

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 […]

EUR/USD Weekly Technical Outlook: Higher-low, Support Test, or Nothing?

EUR/USD Technical Highlights: EUR/USD higher low on ‘hidden’ support could be in the works Or, a big retest of the low-11500s could also be in store, or Another week of range-bound, summer trading conditions Check out our intermediate-term fundamental and technical perspective on EUR/USD in the recently released DailyFX Q3 Euro Forecast. The last few […]