EUR/USD Weekly Technical Forecast: Potential Euro Set up for a Bearish Trend

EUR/USD TECHNICAL HIGHLIGHTS: EURUSD bearish set up in place for a test of 1.2000 FOMC Monetary Policy Decision alongside US NFP at the back end of the week, present risk for EUR For the intermediate-term fundamental and technical outlook on EUR/USD, check out the recently released DailyFX Quarterly Forecast. The EURUSD range of 2018 has […]

Crude Oil Price Forecast: Counter Trend Pattern Favors Pending Upside

Highlights: Crude Oil Technical Strategy: Crude Oil downside expected to be limitedon price pattern US Stockpiles continue trend of declining despite build in gasoline and Cushing stockpiles Next technical Bullish trigger set at lower high from May at $ 50.00, support near $ 47.75 IGCS Sentiment highlight: Sharp rise in short positions provides contrarian signal […]

Dollar Rise Cut Short, Bitcoin Volatility Cools, Oil Bear Trend In Doubt

Talking Points: The Dollar’s inverse head-and-shoulders break was scuttled, and Yellen’s views next week will struggle to revive the move A central bank forum (ECB, BoE, BoJ, BoC) can stir up relative policy pressure, but its scope will likely be grander Top volatility hopes – Dollar, oil and Bitcoin – are universally cooling meaning the […]

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Tax and Trade Promises Won’t Carry Last Week’s Dollar, Equities Trend

Though the event risk this past week was varied, the effective fundamental motivation was once again derived from trade and competitive policies. Details of these programs are not scheduled, but evaluations by domestic and foreign sources may decide the market’s conviction. US Dollar Forecast: A Serious Dollar Rally Needs More from Trump, Yellen or Risk […]

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S&P 500: Trend & Pattern Point to New Highs Soon

What’s inside: S&P 500 ‘time correction’ close to ending Triangle pattern on hourly New record highs look to be likely very soon Beginner and Advanced Trading Guides In yesterday’s post, it was noted that the current ‘time correction’ was set to run into trend-lines running up from the November low and potentially the one off […]