Technical Analysis
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Forex Seasonality – April 2024: GBP/USD’s Most Bullish Month, USD/CAD’s Most Bearish
GBP/USD has historically seen its strongest gains in April, while USD/CAD has seen its worst performance in April and is testing resistance at its 4-month highs near 1.3600.
DJIA, S&P 500, Nasdaq 100 Technical Forecast: US Index Uptrends Remain Healthy for Now
The DJIA and SPX are seeing bullish consolidations after breaking out to a record highs last week, while the Nasdaq 100 is testing the top of its 1-month range at record high, with a potential breakout targeting 19K.
British Pound Forecast: GBP/USD Dumps to 1.2600 on Dovish BOE
GBP/USD fell last week after a dovish shift at the BOE prompted traders to increase bets on a June rate cut - see the levels to watch in the coming week!
USD/JPY Forecast: BOJ and Fed Enter the Arena, Yields in Focus
USD/JPY's key technical levels to watch in the coming days include possible resistance at 149.70 and 151.00, with support down at 148.70 and 145.85.
Japanese Yen Forecast: USD/JPY, EUR/JPY, and GBP/JPY in Play Ahead of BOJ
The long-awaited results from the Japan’s spring wage negotiations are winding down, and the results are generally what the BOJ wanted to see to exit its ultra-accommodative monetary policy. See the key levels to watch on USD/JPY, EUR/JPY, and GBP/JPY!
Gold Weekly Forecast: Will We Get a Pullback After XAU/USD’s Surge to Record Highs?
Gold is overbought on a short-term basis, but the long-term returns hint at more room to run higher from here...
NFP Preview: Is the US Dollar Poised for a Bounce Back?
After slipping for the past three weeks, the US Dollar Index is testing key previous support at the 103.00 level, potentially setting the stage for a bounce on solid jobs data.
Gold, Bitcoin Hit Record Highs: Are Traders Afraid of Sovereign Debt Loads?
Some analysts are speculating that the market is “sniffing out” the fact that the US and other developed countries will be unable to maintain high interest rates for long given their record debt loads. See what it might mean for Gold and Bitcoin!
Silver surge sparks speculation over potential super squeeze
Silver has recorded its largest gain in months, sparking plenty of excitement on social media and other investment platforms that the move may be the start of a prolonged price rally.
British Pound Analysis: Is GBP/USD Rolling Over after Fed Comments?
GBP/USD remains rangebound between 1.2500 and 1.2800. See how traders are viewing it!
Gold Weekly Forecast: XAU/USD Nears February Highs, Inflation in Focus
Gold is carrying short-term bullish momentum into the coming week, with potential for a move up toward the 2024 highs in the $2060 area.
Japanese Yen Intervention Watch: USD/JPY, EUR/JPY, GBP/JPY Technical Analysis
USD/JPY is consolidating while EUR/JPY and GBP/JPY remain in healthy uptrends.
NVDA Earnings Preview: Nasdaq 100 Vulnerable Ahead of AI Darling Nvidia’s Results
Options traders expect a +/- 11% move in response to Nvidia’s earnings report, a truly staggering move in a $1.8T stock. See what we're watching!
NZD/USD: Respect the range until the Kiwi doesn’t
Some FX pairs like to gravitate towards big figures but not the NZD/USD. It’s clearly a fan of doing things in half big figure increment, proving plenty of opportunities to build trades around.
EUR/USD Forecast: Can PMIs Break the Bearish Trend?
For this week, Eurozone PMIs and central bank speakers will be the big focus - see the key levels to watch on EUR/USD!
S&P 500, Nasdaq 100, DJIA Forecast: Cracks in the Index Uptrends?
The S&P 500 and Nasdaq 100 remain in healthy uptrends for now but the DJIA is showing some cracks and is the key index to watch for signs of weakness from here.
GBP/USD Forecast: Cable at Key 1.2525 Support after Cool UK CPI
GBP/USD is the weakest US dollar cross after this morning’s cooler-than-expected UK CPI report - see what it means (and doesn't mean) for the BOE!
US CPI Preview: USD/JPY Tests 2024 Highs, Tame Inflation Expected
US CPI may be quiet this month, but the recent surge in the “Prices” component of the ISM PMI surveys hints that inflation could reaccelerate this Spring.
S&P 500, Nasdaq 100, DJIA Forecast: MSFT, NVDA, and TSLA Power Indices to Record Highs
The DJIA is the index to watch for a possible breakdown if stocks stall out this week... but bears shouldn't be holding their breath. See why!
British Pound Forecast: GBP/USD Finally Breaks Down – Where Next?
GBP/USD is finally breaking out of its 7-week, 200-pip range between 1.2600 and 1.2800 on continued strength in the US dollar - see the key levels to watch next!
Euro Forecast: EUR/USD Downtrend to Extend to New 2024 Lows?
EUR/USD’s path of least resistance remains to the downside, with potential for the selling to accelerate toward 1.0700 depending on economic data...
AUD/USD rebound provides opportunity for bears to reset shorts
A rebound in US equities sparked by renewed earnings optimism and continued declines in US bond yields acted to snuff out a potential downside break in AUD/USD, sending the pair sharply higher over the course of North American trade.
S&P 500 Forecast: SPX Has Risen 12 of the Last 13 Weeks – What’s Next?
The S&P 500's average returns after past such streaks have been strong in the short-term, but more mixed over the next 6-12 months, with lower than average volatility. See the numbers and current technical analysis!