The stock plunge continues as a third weekly decline searches for a test of key trend support. Levels that matter on SPX500, Nasdaq & Dow weekly technical charts.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.
British Pound is in contraction just above support at the monthly / yearly range low– battle lines are drawn. Levels that matter on the GBP/USD weekly technical chart.
Gold prices retreated back to the monthly open today and the focus for the bulls is on a hold of uptrend support. Levels that matter on the XAU/USD technical charts.
The Japanese Yen, which has been weakening rapidly, could see a break as retail traders slowly increase their upside exposure in USD/JPY and AUD/JPY. What are key levels to watch for?