All trading involves risk.
All trading involves risk.
A big rally in oil prices has pushed USD/CAD back down to test its previous breakout level at 1.3125...will we see a bounce here?
The USD has seen several markets test and break key levels, with its next intended victim being AUDUSD and a break of its long-term Fibonacci level.
With a succession of lower swing highs on the weekly chart and a return of bearish momentum on the daily, NZDJPY could be building up for another break lower.
For EUR/GBP traders, there’s been good news and bad news over the last couple of months: The good news is that they’ve had plenty of time to watch the World Cup…and the bad news is that neither bulls nor bears are making any money in the pair!
EUR/USD is showing signs of bouncing off the critical previous support/resistance level near 1.15
In response to our prior Gold analysis, the shiny yellow metal’s trendline folded and a decisive break of $1300 ensued. But since finding support around $1260, can the bears take it to fresh lows?
Today’s hawkish Bank of England Minutes and Statement means an August hike is now likely as the MPC looks through the data ‘soft’ patch.
The FX barometer of risk tried to break to its lowest level since November 2016 this week. And with bullish momentum sorely lacking, we’re seeking opportunities to enter short.
Following a firm rejection of a resistance cluster, we’re circling EURCHF for a potential short.
With a series of lower swing highs within a bearish channel on the daily chart, a break of August's low could pave the way for a 300 pip move lower.
USD/CAD has rocketed to a fresh year-to-date high following Thursday's hawkish FOMC meeting as trade talks continue
Since teasing markets with a break above the infamous 1.20 level, EURCHF opted to plunge over 5% from the highs with some sort of vengeance. But now prices have stabilised below a cluster of resistance, we’re closely watching the cross for a potential short.
Price action is creeping up the inside of a broken trendline and remains below a cluster of resistance. If bearish momentum is to return soon, a bearish flag could unfold to target the April lows.
The bounce in AUD/USD is nearing some critical technical levels ahead of a big week for financial markets.
After 3-months of coiling the S&P500 has regained its focus on the all-time highs following the return of bullish momentum.
Since confirming an evening star formation on the monthly chart, momentum is back in line with a longer-term bear trend to suggest the end of an 18-month correction may have been seen.
Record oil production from the US and expectations for OPEC to boost their output has taken its toll on oil this past week. Although had it not been for the weaker dollar, it could have found itself trading lower still. But we note a conflicting picture from a technical perspective which, at some point, will have to decide which way its next directional move will be.