Technical forecast for EUR/USD
EURUSD bounced from very good support at 1.3465/55 and our buying opportunity. Resistance at 1.3540/60 did cap for most of the day but we broke higher eventually but have further tough resistance today...
View ArticleTechnical forecast for Spot Gold
Spot Gold has been directionless for over a week now stuck from 1684.05 down to 1658.01. Yesterday we held resistance at 1682.18-1683.10 and above Monday’s low of 1662. We have 200 day moving average...
View ArticleToday’s technical forecast for Energy Futures
WTI Crude Oil tested good support at 95.05/94.90 & shot higher straight to 96.90/97.10 resistance. If this continues to hold a bearish topping pattern remains in place and we should head back to...
View ArticleTechnical forecast for Spot Gold
Spot Gold dipped below 1643/42 but only to 1639 before recovering. If we can now hold above 1649 we should push on to 1656/57 resistance. We could top out here so worth taking profit on longs & if...
View ArticleTechnical forecast for US and Euro Stock markets
EuroStoxx broke 2661 but failed below 2671. Daily charts are more positive but short term we are overbought so looking for buying opportunities if we drift lower in to the end of the week. A move back...
View ArticleToday’s technical forecast for Energy Futures
WTI Crude Oil went for a retest of 98.15/25 highs where we expected prices to top out with over bought indicators flashing in the short term & a bearish divergence on the daily chart. The high was...
View ArticleTechnical forecast for Spot Gold
Spot Gold fell just short of 1656/57 resistance where we expected a top. We have now retested the 1641/39 support & bounced as hoped, so we have a small bottoming pattern which should push us...
View ArticleToday’s technical forecast for Energy Futures
WTI Crude Oil was predicted to sell off on Friday & we saw sharp losses for a retest of Feb lows at 95.06/94.97. We bounced just above here & with short term oscillators flashing over sold we...
View ArticleUSD/JPY: Yen Under Pressure as BOJ Minutes Discuss Further Easing Options
The Japanese yen is deemed to maintain its decline opposite the Australian dollar today after minutes of the Bank of Japan’s rate review revealed additional options for expanding stimulus further....
View ArticleTechnical forecast for US and Euro Stock markets
EuroStoxx just held on to 2597 but below here today risks a retest of 2589/83 support & a second chance to buy in to medium term longs in the hope of a double bottom, with a stop below the 7 month...
View ArticleTechnical forecast for GBP/USD
GBPUSD beat 1.5850 to hit all our targets & over night has continued higher to 1.5958. The next big resistance is now at 1.5990/6010. If this target is reached today it should hold the topside as...
View ArticleTechnical forecast for USD/JPY
USDJPY has sold off over night to 98.43 but we have recovered above support at 98.76/70. The outlook is quite negative with resistance at 99.15 but above here we could stretch to 99.45/50 for a selling...
View ArticleTechnical forecast for EUR/USD
EURUSD hit our next target of 1.3375/80 & topped exactly here. Good support at 1.3325/20 also held profit taking as predicted & we bottomed exactly here. However the outlook is quite negative...
View ArticleTechnical forecast for GBP/USD
GBPUSD topped at 1.5963 & fell back to support at 1.5895/85 which has held the downside as expected so far at least. However the outlook is quite negative so a break lower today should target trend...
View ArticleTechnical forecast for USD/JPY
USDJPY recovered above support at 98.76/70 & has beaten resistance at 99.15 as we look to 99.45/50 for a selling opportunity with stops above 99.75. We can then try shorts again at 99.95/100.05...
View ArticleTechnical forecast for USD/JPY
USDJPY broke 98.25/20 to reach 97.73. We are now testing resistance at 98.41 but above 98.50 allows a move towards resistance at 98.77/83. This area could hold the topside but if we continue higher...
View ArticleTechnical forecast for GBP/USD
GBPUSD held trend line support at 1.5895/85 & shot higher on the FOMC to reach 1.6163. A break above 1.6178 today signals further gains towards a target of 1.6225/30 & may be as far as...
View ArticleTechnical forecast for EUR/USD
EURUSD held support at 1.3325/20 & held 1.3370/80 all through the session until the FOMC announcement. We then tore through August highs at 1.3450 to reach 1.3541. We need to hold above 1.3500/90...
View ArticleTechnical forecast for GBP/USD
GBPUSD could not sustain a break above 1.6140 & saw a drift lower towards 1.6070 which was expected to hold & we bottomed almost exactly here at 1.6077. Today’s outlook is more negative &...
View ArticleTechnical forecast for AUD/USD
AUDUSD will need to hold above 9390 for a chance to retest yesterday’s high at 9418. Above here today we hit resistance at 9440/50 which should hold the move. The outlook is quite mixed so a break...
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