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 May Find Better Traction as Liquidity Fills Out in September

Technical Forecast for US Dollar: Bearish Talking Points: On the heels of the failed inverse head-and-shoulders break in August, the 95 neckline break stalled Liquidity likely played a crucial role in preventing progress, but September historically brings volume Retail FX traders are net short Dollar versus the Euro and Pound. See speculative positioning here. Those […]