• April 6, 2023
  • Technical Analysis
  • Comments : 0

Caixin Services Beats Expectations; Shanghai Composite and Hang Seng to Gain??

Stronger-than-expected services activity data bodes well for China’s growth outlook as the Shanghai Composite index and the Hang Seng index test key resistance. What is the outlook and what are the levels to watch?...
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  • April 6, 2023
  • Technical Analysis
  • Comments : 0

Economic Woes Aid Japanese Yen; More Downside in USD/JPY, AUD/JPY, EUR/JPY?

The Japanese yen could maintain a firm tone against the US dollar and some of its peers amid concerns about a slowing global economy following a spate of underwhelming macro data. What is the trend in USD/JPY, AUD/JPY and EUR/JPY?...
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  • April 5, 2023
  • Technical Analysis
  • Comments : 0

Euro Technical Outlook – Trends and Ranges Remain. Where to for EUR/USD and EURJPY?

The Euro appears to be ensconced in a trend against the US Dollar but potentially caught in a range against the Japanese Yen. If EUR/USD continues higher, where will EUR/JPY go?...
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  • April 5, 2023
  • Technical Analysis
  • Comments : 0

Natural Gas Prices Continue Stabilizing, But Wedge Breakout Struggles to Materialize

Natural gas prices are stabilizing above February lows, with downside momentum fading. The breakout above a Falling Wedge has struggled to materialize, undermining its bullish implications....
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  • April 4, 2023
  • Technical Analysis
  • Comments : 0

German DAX and UK FTSE Price Action: Is DAX Turning Bullish? Dead-Cat Bounce in FTSE?

The strong rebound in the German DAX and the UK FTSE 100 index may have been an encouraging sign for bulls. But charts say it may be premature to conclude that both the indices are resuming their respective uptrends....
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  • April 4, 2023
  • Technical Analysis
  • Comments : 0

Gold Jumps After ISM Data; Can it Rise Above the Key $2000 Level?

Gold is once again flirting with the psychological 2000-mark following dismal US factory data. What are the chances for it to rise above the key resistance?...
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  • April 4, 2023
  • Technical Analysis
  • Comments : 0

Dow Jones, S&P 500 Outlook: Retail Traders Boost Downside Exposure on Wall Street

Retail traders continue increasing downside exposure on Wall Street, opening the door to further gains for the Dow Jones and S&P 500. But, key technical obstacles remain ahead....
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  • April 4, 2023
  • Technical Analysis
  • Comments : 0

GBP/USD IG Client Sentiment: Our data shows traders are now at their least net-long GBP/USD since Dec 01 when GBP/USD traded near 1.23.

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

S&P 500 and Nasdaq 100 Price Setup as Major Oil Producers Cut Output

The S&P 500 and the Nasdaq 100 index appear to be flexing muscles amid growing hopes that the Fed could soon pause its hiking campaign. But will the rise sustain as oil prices rebound – What do charts say?...
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  • April 3, 2023
  • Technical Analysis
  • Comments : 0

US dollar Price Setup This Week: EUR/USD, GBP/USD, USD/JPY

Key focus on global manufacturing activity data (including US ISM manufacturing due today) and US payroll data due Friday. What is the outlook on EUR/USD, GBP/USD, and USD/JPY?...
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