• August 9, 2023
  • Technical Analysis
  • Comments : 0

Gold Prices Now are Now Sitting at Pivotal Support Following Steady Losses

After a few weeks of steady losses, gold prices now find themselves sitting on a key rising trendline from February. Will a breakout lower mark the beginning of a broader bearish bias?...
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  • August 9, 2023
  • Technical Analysis
  • Comments : 0

Euro Vulnerable as Retail Traders Boost EUR/USD Upside Exposure, Where to?

The Euro might be readying to extend a near-term downtrend towards the May low as retail traders continue building upside exposure. What are key levels to watch ahead?...
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  • August 8, 2023
  • Technical Analysis
  • Comments : 0

British Pound Price Action Update: GBP/USD Downtrend Still Remains in Play

While the British Pound appears to be stabilizing against the US Dollar after a Hammer candlestick, the 4-hour timeframe shows that Descending Channel price action remains in play....
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  • August 8, 2023
  • Technical Analysis
  • Comments : 0

Gold Price Outlook: XAU/USD May Remain Pressured Amid Bullish Retail Traders

Gold prices may continue aiming lower as retail traders boost upside exposure. But, a rising trendline from February is maintaining the bullish technical bias. What are key levels to watch?...
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  • August 8, 2023
  • Technical Analysis
  • Comments : 0

US CPI to Drive Markets This Week as the Probability of Further Rate Hikes Linger

The DXY struggles to hold on to early session gains following mixed messaging from Fed policymakers. US CPI is likely to drive the DXY and overall sentiment this week....
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  • August 7, 2023
  • Technical Analysis
  • Comments : 0

Natural Gas Price Technical Forecast: Bearish Developments Brew on the 4-Hour Chart

Natural gas still maintains a broader neutral technical bias, but near-term price action is starting to look increasingly bearish. What are key levels to watch for in the week ahead?...
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  • August 4, 2023
  • Technical Analysis
  • Comments : 0

Dow Jones, S&P 500 Pullback May Accelerate as Retail Traders Become Bullish

The Dow Jones and S&P 500 have pulled back cautiously and while retail traders are still overwhelmingly short, upside bets are rising. Is this a sign of further weakness to come?...
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  • August 4, 2023
  • Technical Analysis
  • Comments : 0

AUD/USD IG Client Sentiment: Our data shows traders are now at their most net-long AUD/USD since Oct 08 when AUD/USD traded near 0.64.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias....
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  • August 3, 2023
  • Technical Analysis
  • Comments : 0

USD/MXN Short-Term Rally Continues as US Treasury Yields Climb

The US dollar is gaining on the Mexican Peso for a fourth day in a row – is the long-term technical outlook for USD/MXN starting to change?...
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  • August 3, 2023
  • Technical Analysis
  • Comments : 0

Euro Technical Update: EUR/USD Might be Readying to Extend Lower

The Euro is on the verge of confirming a key downside breakout against the US Dollar. But, be wary of fading momentum on the 4-hour chart heading into the remainder of the week....
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