Gold Price Forecast: Gold Grasps at Fibo Support but Sellers Vigilant
Gold prices took a massive hit last week, but the sell-off stopped at a big spot of support. Sellers, however, haven’t yet let up as a short-term range has built.
Oil – US Crude IG Client Sentiment: Our data shows traders are now net-long Oil – US Crude for the first time since Jun 15, 2021 12:00 GMT when Oil – US Crude traded near 7,250.20.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US Crude-bearish contrarian trading bias.
USD/CAD Technical Outlook: Retracement or Reversal?
USD/CAD exploded last week and looked poised to continue higher, but the sharp pullback has brought that into serious question.
Euro Price Outlook: EUR/USD, EUR/GBP at Risk Amid Rising Net-Long Bets
The Euro may be at risk as retail traders are increasing their long exposure in EUR/USD and EUR/GBP. What is the road ahead and what are key technical levels to watch out for?
New Zealand Dollar Forecast: NZD/USD Testing Key Moving Average as Price Rebounds
The New Zealand Dollar is on track to record a third consecutive daily gain against the US Dollar despite Fed tapering fears driving the US Dollar broadly higher. Traders are shifting focus to the …
Mexican Peso Technical Analysis: USD/MXN Breaks Key Support, Banxico on Deck
USD/MXN falls for a third consecutive day amid some dollar softness and pierces a key support zone ahead of Thursday’s Banxico interest rate decision.
Canadian Dollar Technical Analysis: Rebound Gathers Pace – Setups in CAD/JPY, USD/CAD
USD/CAD rates may have experienced a failed bullish breakout, while CAD/JPY rates have been able to maintain their uptrend from the February and April 2021 lows.
Australian Dollar Forecast: Aussie Breaks 2021 Range- Rally at Risk
The Australian Dollar recovery may be vulnerable after last week’s plummet through the 2021 range lows. The levels that matter on the AUD/USD weekly technical chart.
Gold Price Outlook: Gold Plunges into Critical Support- XAU/USD Levels
Gold prices plummeted nearly 8% off the June high with the decline now rebounding off critical uptrend support. The levels that matter on the XAU/USD technical charts.
DAX & CAC 40 Technical Outlook: Trying to Hold onto Trend Support
The DAX and CAC have come under some pressure recently; support is holding for now, important to continue doing so.