• January 12, 2023
  • Technical Analysis
  • Comments : 0

USD/CNH Technical Outlook: Trend Remains Down

Accelerating downward momentum raises the likelihood of a further fall in USD/CNH. However, deeply oversold conditions point to a short-term pause before the resumption of the downtrend. What are the key levels to watch?...
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  • January 12, 2023
  • Technical Analysis
  • Comments : 0

Swiss Franc Tanks Against Euro and the US Dollar. Where to for EUR/CHF and USD/CHF?

The Swiss Franc made a new low against the Euro today while it retreated back into the range against the US Dollar. Is bearish momentum building for the Suisse?...
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  • January 12, 2023
  • Technical Analysis
  • Comments : 0

EUR/CHF IG Client Sentiment: Our data shows traders are now net-short EUR/CHF for the first time since Nov 04, 2022 when EUR/CHF traded near 0.99.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bullish contrarian trading bias....
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  • January 11, 2023
  • Technical Analysis
  • Comments : 0

EUR/USD Technical Outlook: Rally Fatigue?

Monday’s jump on feeble momentum could be a sign that EUR/USD’s 15-week rally is showing signs of fatigue. What’s next for the single currency and what are the key levels to watch?...
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  • January 11, 2023
  • Technical Analysis
  • Comments : 0

Hang Seng Index Technical Outlook: Upward Momentum Intact

The upward momentum continues to be intact in the Hang Seng Index (HSI) as it approaches a crucial resistance area that could define the price action in the coming weeks. What are the signposts to watch?...
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  • January 10, 2023
  • Technical Analysis
  • Comments : 0

Gold and Silver Price Forecast: Retail Traders Increase Short Bets as CPI Nears

Gold and silver prices remain focused higher ahead of CPI data later this week as retail traders continue building downside exposure. What are key levels to watch?...
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  • January 9, 2023
  • Technical Analysis
  • Comments : 0

Gold IG Client Sentiment: Our data shows traders are now at their least net-long Gold since Feb 18 when Gold traded near 1,896.09.

Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Gold price trend may soon reverse higher despite the fact traders remain net-long....
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  • January 9, 2023
  • Technical Analysis
  • Comments : 0

US Dollar Losses Some Ground, Now What? USD/SGD, USD/THB, USD/IDR, USD/PHP

The US Dollar lost ground against ASEAN currencies last week, but the Singapore Dollar was unable to clear support. With the Thai Baht breaking lower, the Indonesian Rupiah is eyeing a Bullish Rectangle....
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  • January 8, 2023
  • Technical Analysis
  • Comments : 0

Japanese Yen Technical Forecast: Mixed Bag for Japanese Yen Technicals

Technical patterns are providing mixed signals; Will the BoJ’s continued support of the Yen encourage JPY bulls to return?...
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  • January 7, 2023
  • Technical Analysis
  • Comments : 0

Gold (XAU/USD) Rips Higher – $1,850 Support Holds at Prior Resistance

Gold has benefited from a softer weakness despite a slight pullback ahead of US NFP’s. As XAU/USD rises above $1,850, the next barrier of resistance has started to form....
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