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

GBP Technical Forecast: Sterling Drivers Remain Limited Despite USD Boost

The pound may appear to have turned a corner when viewed against the dollar but wider comparisons confirm that GBP remains under pressure...
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  • November 12, 2022
  • Technical Analysis
  • Comments : 0

WTI Crude Oil Technical Forecast: Morning Star Candlestick Pattern Hints at Higher Prices

WTI price action not providing the clearest picture at present. Any further gains likely to be capped by double top formation....
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  • November 12, 2022
  • Technical Analysis
  • Comments : 0

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

If stocks don’t sell-off on bad news, there’s probably something else going on. And for the Nasdaq and S&P 500, that may be a continued squeeze after bullish breaks of falling wedge formations....
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  • November 12, 2022
  • Technical Analysis
  • Comments : 0

Gold Price Forecast: Gold Breakout Underway as Silver Eyes Resistance

A gold price breakout is underway with a rally of nearly 5% taking price though yearly downtrend resistance. Levels that matter on the XAU/USD weekly technical chart....
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  • November 11, 2022
  • Technical Analysis
  • Comments : 0

Crude Oil Price Still Building Big-picture Base

WTI oil continues to build a broad base that could end up leading to an explosive move higher at some point in the not-too-distant future....
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  • November 11, 2022
  • Technical Analysis
  • Comments : 0

S&P 500 Index Technical Outlook: Key Barrier Broken. Where to Next?

The S&P 500 index’s break above key resistance on Thursday confirms that the month-long uptrend is intact. To what extent can it rise and what are the levels to watch?...
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  • November 11, 2022
  • Technical Analysis
  • Comments : 0

US Dollar Forecast: Drop in Yields Post-CPI Spurs Major Technical Reversals in DXY, USD/JPY Rates

The US Dollar’s post-CPI meltdown is one for the books....
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  • November 11, 2022
  • Technical Analysis
  • Comments : 0

S&P 500 Short-term Outlook: SPX500 Threatens Breakout at Monthly High

S&P 500 is poised to mark the largest single-day advance since 2020 with the index now eyeing objectives into 3900. Levels that matter on the SPX500 technical charts....
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  • November 11, 2022
  • Technical Analysis
  • Comments : 0

GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since Oct 27, 2022 when GBP/USD traded near 1.16.

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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  • November 10, 2022
  • Technical Analysis
  • Comments : 0

EUR/USD Technical Outlook: Bear-flag Set-up to Trigger at Some Point

The Euro is outside of the downward channel that kept it in place for much of the year, but a bear-flag is coming into view....
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