Euro Technical Price Outlook: EUR/USD Fades CPI Losses- Breakout Brewing
Euro is trading near the yearly highs with the post-CPI rally threatening a major price breakout. The levels that matter on the EUR/USD technical charts.
Gold Price Technical Forecast: Short-term Negative, Long-term Positive
Gold is currently trading in an area of resistance amongst in a generally choppy environment; long-term chart looks bullish but may need more time.
DAX & CAC 40 Technical Outlook: Uninspiring Bounce Thus Far
The DAX and CAC are in position for more losses as the bounce holds little power.
Copper Futures (HG) Technical Outlook: Testing Trend Support
Copper futures are sitting on an important trend-line, with the possibility of forming a broader topping formation; trading bias should be determined soon.
Canadian Dollar Technical Analysis: The Sell-Off May Be Finished – Setups in CAD/JPY, USD/CAD
Both USD/CAD and CAD/JPY rates have reached significant technical levels that suggest the Loonie meltdown may be complete.
Bitcoin Outlook: The Crypto Shakeout– BTC/USD Searches for Support
Bitcoin plunged more than 16% month-to-date with BTC/USD now approaching key support towards the yearly lows. The levels that matter on the Bitcoin technical charts.
Silver Price Forecast: Delta Variant Infects Silver Charts – Levels for XAG/USD
Silver prices are facing an impending threat.
EUR/USD Technical Outlook: Pressing Hard on Big Support
The Euro continues to put pressure on big support, a breakdown may be nearing.
S&P 500, Dow Jones & NDX Technical Analysis: Down but Not Out (Yet)
U.S. stocks are in retreat mode, but have some support they are looking to test that could determine how things proceed from here.
FTSE 100 IG Client Sentiment: Our data shows traders are now at their most net-long FTSE 100 since Feb 28 when FTSE 100 traded near 6,495.70.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bearish contrarian trading bias.