• November 6, 2022
  • Technical Analysis
  • Comments : 0

US Dollar Technical Forecast: USD Fed Rally Reverses- DXY November Levels

The Fed inspired USD rally reversed on the heels of strong NFPs on Friday with DXY threatening a deeper correction. The levels that matter on the weekly technical chart....
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  • November 6, 2022
  • Technical Analysis
  • Comments : 0

British Pound Technical Forecast: GBP/USD, GBP/JPY, EUR/GBP

It was a brutal week for the British Pound until a Friday pullback erased the bulk of Thursday losses in GBP/USD. GBP/JPY and EUR/GBP may have cleaner technical context at the moment....
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  • November 5, 2022
  • Technical Analysis
  • Comments : 0

Crude Oil Prices Surge as Bullish Breakout Drives WTI Back Above $90

Crude oil prices have rallied through prior psychological resistance turned support. As the short-term trend continues higher, historical technical levels hold....
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  • November 5, 2022
  • Technical Analysis
  • Comments : 0

S&P 500, Nasdaq 100, Dow Jones Forecast for the Week Ahead

US stocks have an important week ahead as it appears they are in need of building on last week’s late push higher....
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  • November 5, 2022
  • Technical Analysis
  • Comments : 0

Gold and Silver Technical Outlook: Modest Gains in the Cards?

Gold and silver appear to have found a short-term floor and could be set to rise toward the upper end of their respective ranges. What are the key levels to watch?...
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  • November 5, 2022
  • Technical Analysis
  • Comments : 0

Oil – US Crude IG Client Sentiment: Our data shows traders are now net-short Oil – US Crude for the first time since Oct 11, 2022 when Oil – US Crude traded near 87.53.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US Crude-bullish contrarian trading bias....
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  • November 4, 2022
  • Technical Analysis
  • Comments : 0

USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since Oct 27, 2022 18:00 GMT when USD/CAD traded near 1.36.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bearish contrarian trading bias....
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  • November 4, 2022
  • Technical Analysis
  • Comments : 0

USD/JPY Technical Outlook in Limbo, but Leans Bearish

USD/JPY continues to teeter outside of a large rising wedge break, with price action contracting in recent sessions; should soon have a resolution....
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  • November 4, 2022
  • Technical Analysis
  • Comments : 0

Monthly Forex Seasonality – November 2022: Stocks Rally, US Dollar Ranges, Gold Falls

The eleventh month of the year typically sees a more neutral environment for the US Dollar....
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  • November 4, 2022
  • Technical Analysis
  • Comments : 0

GBP/USD Technical Outlook: Has the British Pound Run its Course?

Has the British Pound’s rally against the US dollar run its course? What is the outlook and the signposts to watch?...
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