• December 13, 2022
  • Technical Analysis
  • Comments : 0

EUR/USD IG Client Sentiment: Our data shows traders are now at their least net-long EUR/USD since Feb 07 when EUR/USD traded near 1.14.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bullish contrarian trading bias....
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  • December 13, 2022
  • Technical Analysis
  • Comments : 0

Japanese Yen at a Crossroads as Bearishness Fades in EUR/USD and EUR/JPY

The Japanese Yen has resumed weakening against the US Dollar and Euro this week but USD/JPY and EUR/JPY have different setups. Will JPY be undermined further?...
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  • December 12, 2022
  • Technical Analysis
  • Comments : 0

US Dollar Technical Outlook: USD/SGD, USD/PHP, USD/THB, USD/IDR. Will Support Hold?

The US Dollar was able to put the breaks on gains ASEAN currencies have been experiencing in recent weeks. USD/SGD, USD/PHP, USD/THB and USD/IDR all face key support. Will these levels hold?...
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  • December 12, 2022
  • Technical Analysis
  • Comments : 0

Australian Dollar Slips to Open the Week but Remains in the Range. Where to for AUD/USD?

The Australian Dollar dipped on Monday on US Dollar strength, but the range appears to be in play with technical levels in AUD/USD and AUD/JPY not far away. Will AUD/USD sink?...
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  • December 11, 2022
  • Technical Analysis
  • Comments : 0

USDJPY, EURJPY and NZDJPY Support Different Technical Scenarios

We are coming into the final bursts of potential volatility for the year with USDJPY in the midst of a possible long-term trend change. What is possible for this pair in the week ahead and do all Yen crosses present the same picture?...
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  • December 11, 2022
  • Technical Analysis
  • Comments : 0

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

Next week is a massive outlay of high impact risk events, with CPI on Tuesday and the Fed on Wednesday. Can bulls break the falling wedge that’s taken all of 2022 to build in the S&P?...
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  • December 10, 2022
  • Technical Analysis
  • Comments : 0

Weekly Technical US Dollar Forecast: DXY Downtrend Still in Focus, Eyes on Falling Wedge

The US Dollar was mostly little changed this past week, but it did give up gains from early on. As the pair struggles around the 200-day moving average, a falling wedge is brewing on the 4-hour chart....
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  • December 10, 2022
  • Technical Analysis
  • Comments : 0

USD/CHF IG Client Sentiment: Our data shows traders are now at their most net-long USD/CHF since Nov 17 when USD/CHF traded near 0.95.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bearish contrarian trading bias....
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  • December 9, 2022
  • Technical Analysis
  • Comments : 0

Copper Fresh Five-Month Highs: Rising Wedge into the 200 DMA

Copper prices are recovering from a large spill earlier this summer, with price action now encountering some longer-term items of resistance....
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  • December 7, 2022
  • Technical Analysis
  • Comments : 0

Dow Jones, S&P 500 Forecast: Prices at Risk as Retail Traders Go Long Once More

The Dow Jones and S&P 500 may be at risk as retail traders begin to increasingly boost their upside exposure. What are key levels to watch ahead?...
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