• May 29, 2023
  • Technical Analysis
  • Comments : 0

The Mystery of Bearish Engulfings: Do they Reliably Predict Forex Price Reversals?

An analysis of 37,000 candles was conducted across major currency pairs (EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD), identifying 200 valid Bearish Engulfings. What is the verdict?...
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  • May 25, 2023
  • Technical Analysis
  • Comments : 0

EUR/USD at Critical Juncture as Bears Launch All-Out Assault on Major Trendline

EUR/USD remains biased to the upside in the medium term, but the outlook could turn negative if the pair breaks below a key trendline that has been guiding prices higher since September of last year....
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  • May 24, 2023
  • Technical Analysis
  • Comments : 0

France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Mar 15, 2023 when France 40 traded near 6,947.70.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias....
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  • May 24, 2023
  • Technical Analysis
  • Comments : 0

FTSE 100 IG Client Sentiment: Our data shows traders are now net-long FTSE 100 for the first time since Mar 30, 2023 when FTSE 100 traded near 7,622.50.

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....
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  • May 24, 2023
  • Technical Analysis
  • Comments : 0

Gold and Silver Price Outlook: XAU/USD, XAG/USD May Fall as Retail Crowd Goes Long

Gold and silver prices may extend lower as retail traders become increasingly bullish. Meanwhile, multiple Death Crosses might be on the horizon, offering a bearish technical view....
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  • May 24, 2023
  • Technical Analysis
  • Comments : 0

Japanese Yen Setups: USD/JPY Muted After Breakout, AUD/JPY Forges Double Top

USD/JPY is showing signs of exhaustion after its impressive rally in recent weeks. Meanwhile, AUD/JPY is carving out a double top pattern, which may have bearish implications if confirmed....
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  • May 23, 2023
  • Technical Analysis
  • Comments : 0

Nasdaq 100 Entrenched in Indisputable Uptrend but Poor Market Breadth Is Ominous

The Nasdaq 100 has risen significantly this year despite numerous headwinds, but market breadth has been poor, with the rally driven primarily by a few big players in the tech space developing AI products....
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  • May 22, 2023
  • Technical Analysis
  • Comments : 0

Natural Gas Week Ahead: Base Building May Have Started

The surge in momentum last week could be an early sign that natural gas may have started to form a base after a prolonged period of weakness. How much more room to rise?...
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  • May 22, 2023
  • Technical Analysis
  • Comments : 0

Is the Downward Correction in Gold Over?

Last week’s drop to a six-week low could be a sign that cracks have started to emerge in gold’s uptrend. Does it mean it is down from here? What is the outlook on XAU/USD and what are the signposts to watch?...
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  • May 20, 2023
  • Technical Analysis
  • Comments : 0

EUR/CHF IG Client Sentiment: Our data shows traders are now at their most net-long EUR/CHF since Mar 15 when EUR/CHF traded near 0.99.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bearish contrarian trading bias....
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