Technical Forex Analysis

Negative feedback loop, oil at lows, gold shines and Friday forex madness

Al Worden

May 20, 2022

Technical Forex Analysis

Markets Broader indices are off the lows, but conviction remains near zero. The rebound was mainly due to supply hedging by crowded shorts and a slight rebound in higher beta technology a...

Japan May Shrink, But Will the Yen Follow?

Al Worden

May 17, 2022

Technical Forex Analysis

Despite its super accommodative monetary policy, Japan will likely join the group of economies that contracted in the first quarter of the year when Q1 GDP growth figures are released at 00:50 GMT on Wednesda...

Trade support and resistance

Al Worden

May 15, 2022

Technical Forex Analysis

Get our trading strategies with our monthly and weekly predictions of currency pairs to watch using support and resistance for the week of May 16, 2022.Advertisement This week I will start with my monthly and w...

EUR/USD Forex Technical Analysis – Sustained move below 1.0339 puts 0.9860 on radar

Al Worden

May 13, 2022

Technical Forex Analysis

The euro is trading nearly flat against the US dollar on Friday, near its weakest point since early 2017. The catalyst for this weakness is Russian sanctions which have led to disruptions in the country's gas s...

EURUSD Heads Down and Back Below 100/200 Hourly MAs After CPI Data

Al Worden

May 11, 2022

Technical Forex Analysis

EURUSD breaks back below 100/200 hour MA EURUSD fell after higher than expected CPI data. JThe price retraces towards the 1.0500 level but finds support against this level. The...

DXY setup for weakness

Al Worden

May 9, 2022

Technical Forex Analysis

USD Technical OutlookUS Dollar Index (DXY) struggles to climb above 2017 highShort-term outlook at risk of USD declineUS Dollar Technical Analysis: DXY remains stuck at neutralThe US Dollar Index (DXY) is stru...

The Weekly Bottom Line: Tight corners of the economy

Al Worden

May 7, 2022

Technical Forex Analysis

United States Highlights The Fed raised the key rate by 50 basis points for the first time since 2000 and signaled that more hikes of the same magnitude were in the pipeline. The economy added more jobs than...

Australia’s recovery will be short-lived

Al Worden

May 4, 2022

Technical Forex Analysis

Australian Dollar Technical Price Outlook: Short-Term Trading LevelsAustralian dollar Trade Level Technical Update - Daily and Intraday ChartsAUD/USD bounces off downtrend support – recovery levels are t...

Less is more: minimalist trading in 4 easy steps

Al Worden

May 2, 2022

Technical Forex Analysis

Many newbie traders associate information overload with the ability to outsmart others.However, having all the bells and whistles on your chart can actually harm your trading strategy. Likewise, thinking too mu...

Weekly economic and financial commentary: How much will the Fed tighten next week?

Al Worden

April 30, 2022

Technical Forex Analysis

Summary US: GDP Head Fake obscures otherwise intact fundamentals In a week loaded with economic data, Thursday's negative GDP growth took center stage. The US economy contracted at an annualized rate of 1....

Why forex trading is not a game

Al Worden

April 28, 2022

Technical Forex Analysis

Currency trading takes place in the foreign exchange market. Trillions of dollars are traded in the foreign exchange market every day, making it the largest financial market in the world. In 2019, th...

Significant short-term resistance approaching

Al Worden

April 26, 2022

Technical Forex Analysis

ETH/USD staged an upward reversal in early trading this morning, but that didn't wash away the jittery sentiment that technically still remains high.AdvertisementAs of this writing, ETH/USD is near the 3000.00 ...

Bitcoin gives up gains during the 50-day EMA

Al Worden

April 22, 2022

Technical Forex Analysis

Quite frankly, I'm not that impressed at this point.Bitcoin initially attempted to rally during Thursday's trading session, but appears to have given back early gains to show signs of hesitation during the 50-d...

The EURGBP settles between 100/200 hours MA

Al Worden

April 19, 2022

Technical Forex Analysis

EURGBP tries to rise with more work to do the EURGBP EUR/GBP The EUR/GBP is the currency pa...

Pound returns previous gains

Al Worden

April 15, 2022

Technical Forex Analysis

Looking at this chart, we're obviously in a downtrend, so obviously I'd rather sell.The British Pound had a very bullish Wednesday session, but during the day on Thursday we started to see that unravel a bit. I...

Euro rebounds at crucial support level

Al Worden

April 14, 2022

Technical Forex Analysis

I'm just looking to tone down the rally every time it happens until proven otherwise.The Euro rebounded from the crucial 1.08 level, an area that was previously supported. In doing so, it suggests that the mark...

Investors on the defensive as US 10-year yields hit three-year high

Al Worden

April 11, 2022

Technical Forex Analysis

After a positive start to the week, US equity futures took a hit as bond yields rose across the curve, indicating that the recovery from last week's selloff will prove difficult. The sharp rise in yields over...

Week Ahead: Central Banks, Inflation Data and Earnings to Highlight the Week

Al Worden

April 9, 2022

Technical Forex Analysis

After a rather quiet week due to the lack of economic highlights last week, things kick into high gear this week as central banks and inflation data take center stage. The RBNZ, BOC and ECB are all meeting t...

Gold continues to sit in support

Al Worden

April 7, 2022

Technical Forex Analysis

Keep in mind that gold markets have a lot of different things moving them right now, not the least of which would be geopolitical concerns with regards to the war in Ukraine. Gold markets moved back and forth o...

Give up early gains above 50 day EMA

Al Worden

April 5, 2022

Technical Forex Analysis

The Litecoin market rallied a bit during Monday's trading session to initially break above the $125 level. However, the market returned much of the gain to show signs of exhaustion and hesitation as we returne...

Forex Forecast: Pairs in Brief

Al Worden

April 3, 2022

Technical Forex Analysis

Get Forex forecasts using fundamental, sentiment and technical position analysis for major pairs for the week of April 4, 2022 here. The difference between success and failure in Forex trading will most likely ...

U.S. Nonfarm Payrolls Snapshot – Another Huge Month of Employment Gains Expected

Al Worden

April 1, 2022

Technical Forex Analysis

With the focus on US payrolls in the upcoming session and some heightened client interest in assessing the trade-off between risk and reward, here are a few insights that might be of interest. US non-farm pay...

Bitcoin Rebound has more room to operate

Al Worden

March 29, 2022

Technical Forex Analysis

The pair will likely hold steady as bulls target the next key resistance level at 50,000 in the coming days.Bullish viewBuy the BTC/USD pair and set a take-profit at 50,000.Add a stop-loss at 46,000.Lead time: ...

Week Ahead: Battles Between Russia and Ukraine Continue; Core PCE and NFP at your fingertips

Al Worden

March 26, 2022

Technical Forex Analysis

Last week, the United States and NATO were working to help Ukraine. However, the Russian invasion of Ukraine continues this week as Russia's chief negotiator said no progress was being made on key political ...

Crude Oil Price Begins To Rise Again, Gold Consolidates

Al Worden

March 24, 2022

Technical Forex Analysis

Highlights Crude Oil price started a steady rise above the $105.00 resistance. A key uptrend line is forming with support near $113.70 on the 4-hours chart. Gold price is consolidating above the $1,900 supp...

NZDUSD under pressure as New Zealand consumer confidence drops to lowest level since GFC

Al Worden

March 22, 2022

Technical Forex Analysis

US yields jumped 10 to 18 basis points overnight on the curve after Fed Chairman Powell opened the door to a 50 basis point rate hike at the upcoming FOMC meeting. . “If we conclude that it is appropriate to...

Week Ahead – Accelerated Tightening

Al Worden

March 19, 2022

Technical Forex Analysis

Central banks are catching up The global economy is facing an incredible amount of uncertainty right now, which continues to fuel the volatility we are seeing in financial markets. Whether it's the uncertaint...

The lira stabilizes without the changes in USD

Al Worden

March 15, 2022

Technical Forex Analysis

We expect the pair to continue rising with the price remaining above the mentioned trendline.Recommendation of the day on the lira against the dollarRisk 0.50%.The recommendation buy trade was activated on Thur...

Forward Guidance: Soaring Gas Prices Will Drive Up Inflation Rates

Al Worden

March 11, 2022

Technical Forex Analysis

Canada's CPI report for February is expected to show a firm 5.4% year-over-year increase. It will likely rise closer to 6% in March due to soaring prices at the pump. In the first week of March alone, gaso...

Dow rebounds as demand for Haven wanes, crude oil tumbles. The Hang Seng index could rise

Al Worden

March 10, 2022

Technical Forex Analysis

DOW JONES, HANG SENG AND ASX 200 INDEX OUTLOOK:The Dow Jones, S&P 500 and Nasdaq 100 indices closed +2.00%, +2.57% and +3.58% respectivelyStock markets rebounded strongly as talks with Ukraine progressed. Cru...

Diabolical volatility as Binance wanders lower again

Al Worden

March 7, 2022

Technical Forex Analysis

BNB/USD has produced a significant amount of volatility as it correlates to the broad cryptocurrency market which remains jittery.Advertising Binance Coin is around $373.0000 in early trading this morning after...

Technical levels DailyFX analysts are currently monitoring

Al Worden

March 4, 2022

Technical Forex Analysis

Leveraged trading of foreign currencies or off-exchange products on margin involves significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is right fo...

Technical analysis of the Dow Jones: the index worsens its losses

Al Worden

March 2, 2022

Technical Forex Analysis

The Dow Jones Industrial Average fell in recent trading at intraday levels, to post losses for the second day in a row, of -1.76%. It lost the index towards -597.65 points, ending one of the worst sessions of ...

The price goes up again

Al Worden

February 28, 2022

Technical Forex Analysis

Natural Gas Spot Prices (NATURAL GAS CFDS) rebounded in recent trading at intraday levels, to post daily gains to the time of this writing of 2.89%. It settled at a price of $4.715 per million British thermal u...

Upcoming week: February 28, 2022

Al Worden

February 26, 2022

Technical Forex Analysis

It's been quite a week of volatility as investors reacted to events unfolding in Ukraine and the West's response in terms of sanctions against Russia. Stocks fell on Monday, rallied on Tuesday, plunged agai...

USD tears as war breaks out in Europe

Al Worden

February 24, 2022

Technical Forex Analysis

US Dollar Price Technical Outlook: DXY Short-Term Trading Levelswe DollarTechnical Updated Trading Levels - Daily and Intraday ChartsUSD Reaches New Yearly Highs as Risky Flows Fuel USD and Gold RiseCritical r...

Russian sanctions are coming but risk appetite is improving a bit; RBNZ policy decision looms

Al Worden

February 22, 2022

Technical Forex Analysis

Ukraine crisis moves to next round of sanctions Markets woke up to another Ukrainian drama on Tuesday as Europe, the UK and the US came to threaten the first round of sanctions against Russia after Putin reco...

S&P 500, Nasdaq, Dow Technical forecast: The big plunge

Al Worden

February 19, 2022

Technical Forex Analysis

S&P 500 Price Technical Outlook: Short-Term Trading LevelsS&P500Nasdaq & Dow Trade Level Technical Update – Weekly ChartsSPX500 down more than 10% from record high, break of support exposes 4197Nasdaq tumbl...

Elliott Wave View: CADJPY looking for further decline

Al Worden

February 18, 2022

Technical Forex Analysis

Short Term Elliott Wave View on CADJPY suggests rally to 91.7 has ended wave (2). The pair fell in wave (3) with an internal subdivision in the form of a 5-wave Elliott Wave structure. Down from wave (2), ...

Natural Gas Technical Analysis: Price Shows Positive Signs

Al Worden

February 15, 2022

Technical Forex Analysis

Natural Gas Spot Prices (NATURAL GAS CFDS) rose during recent trading to intraday levels, to make fresh daily gains up to the time of this writing, of 5.36%. It settled at a price of $4.483 per million British...

If headlines continue on Russia’s invasion of Ukraine, flows should shift to safe-haven assets

Al Worden

February 14, 2022

Technical Forex Analysis

Last week, French President Macron said he had received assurances from Putin that forces conducting military exercises in Belarus would return to their bases and that the build-up of forces on the Ukrainian ...

The Weekly Bottom Line: All eyes on the prize

Al Worden

February 12, 2022

Technical Forex Analysis

United States Highlights Prices in the United States continued to climb in January as headline inflation accelerated to 7.5% year-on-year from 7.0% in December. Excluding food and energy, underlying prices ...

January’s US CPI may not benefit the DXY

Al Worden

February 10, 2022

Technical Forex Analysis

Rising inflation impressions from the US could hurt rather than support the US Dollar Index (DXY). A big beat on the January CPI is needed Rising inflation is printing damage in the US rather than supporting ...

China’s Shanghai composite fails to hold launches

Al Worden

February 8, 2022

Technical Forex Analysis

China (HSEC) is trading below major resistance around 3500 to 3600as shown on the following monthly chart. Price spikes past this level have been relatively short-lived. Any attempt to initiate a t...

Analysis-Emerging market investors plunge into stocks amid Fed storm

Al Worden

February 5, 2022

Technical Forex Analysis

More hot jobs data on Friday pushed the benchmark for global borrowing costs, the 10-year U.S. Treasury yield, to its highest level in two years, prompting even more gnashing of teeth among investors. fund man...

USD/TRY Forex Signal: Rising Inflation in Turkey

Al Worden

February 3, 2022

Technical Forex Analysis

We expect the price of the Pound to decline until it reaches the mentioned resistance levels and the upper boundary of the channel shown on the chart before starting to rise.Today's USD/TRY SignalRisk 0.50%.The...

Natural Gas Technical Analysis: Rise Due to Weather

Al Worden

February 1, 2022

Technical Forex Analysis

Our expectations indicate that Natural Gas will rise in its next trade as long as it stays above the 4.740 level to target early resistance levels at 5.404 price.Natural gas spot prices (NATURAL GAS CFDS) decli...

US Dollar Weekly Technical Forecast: Breakout Acceleration

Al Worden

January 30, 2022

Technical Forex Analysis

US Dollar Technical Forecast: NeutralThe US Dollar (via DXY Index) broke its 2021 high and hit its highest level since July 2020 after the Federal Reserve's January meeting.American dollars long fillet positio...

Upcoming week: January 31, 2022

Al Worden

January 28, 2022

Technical Forex Analysis

Central banks: RBA, BoE and ECB Earnings: GOOGL, AMZN and FB Data: Eurozone GDP and CPI, and US NFP After the sharp drop in US equity markets the previous week, we saw some very volatile price action as the...

GBPUSD Establishes 100 Hour/100 Day MA as Key FOMC Ruling Bias Definition Level

Al Worden

January 26, 2022

Technical Forex Analysis

GBPUSD consolidates below the 100H and 100D MAs The GBPUSD is trading in a tight range from top to bottom ahead of the FOMC decision later today. The range is only 32 pips. Thi...

Sunset Market Commentary – Forex Action

Al Worden

January 24, 2022

Technical Forex Analysis

Markets Markets ended last week at a classic risk aversion framework. This morning in Asian trading, there were tentative signs that risk aversion might be slowing. However, European markets almost immediat...

Crude Oil Forecast – WTI at Risk as Stocks Rout Threatens to Spill Over to Commodities

Al Worden

January 22, 2022

Technical Forex Analysis

WEEKLY FORECAST FOR WTI OIL: DOWN SLIGHTLYOil prices have been rising in recent days, but the rally may soon start to fadeIf the fix in the field of actions deepens, we could reach a point where everything sel...

The drift of the euro as the CPI hits 5%

Al Worden

January 20, 2022

Technical Forex Analysis

The Euro is stable on Thursday, as the EUR/USD trades at 1.1330 during the North American session. Eurozone CPI hits 5.0% Inflation has been the buzzword in major economies, spurred by soaring energy costs a...

Markets wary of oil and bond yield highs amid focus on corporate earnings

Al Worden

January 18, 2022

Technical Forex Analysis

Asian stocks were mixed on Tuesday due to the absence of indices from Wall Street after a holiday in the United States. But European and U.S. equity futures are flashing red amid a jump in Treasury yields, a...

How to Get Started with Forex Trading in Indonesia 2022 Tip

Al Worden

January 15, 2022

Technical Forex Analysis

This tutorial is about how to get started with Forex trading in Indonesia. We will do our best for you to understand this guide. I hope you will like this blog How to Get Started with Forex Trading in Indones...

Why do retail traders fail? | Forexlive

Al Worden

January 14, 2022

Technical Forex Analysis

Retail traders enter financial markets for one thing: money. Who doesn't like money, right? Unfortunately, they are sucked in by false promises and numerous scams. Most of them end up losing money and a very...

Nervous selling pressure hits the avalanche too

Al Worden

January 11, 2022

Technical Forex Analysis

AVax / USD is trading near strong support as selling pressure has increased on Avalanche as it correlates to general market sentiment.The AVax / USD is trading near 86.5000 with rapid changes in value as nervou...

Trading support and resistance

Al Worden

January 9, 2022

Technical Forex Analysis

Get our trading strategies with our monthly and weekly forecasts of currency pairs to watch using support and resistance for the week of January 10, 2022.Advertising This week I'll start with my monthly and we...

AUD / USD Forex Technical Analysis – Prepare to test the .7135 retracement area

Al Worden

January 7, 2022

Technical Forex Analysis

The Australian dollar is trending lower on Friday shortly before the release of the US non-farm wage report at 13:30 GMT. The greenback is also able to post its best week against the Aussie in over a month. T...

S&P 500 Forecast: Challenging the 4800 Level

Al Worden

January 5, 2022

Technical Forex Analysis

There are a lot of technical reasons we will find buyers.The S&P 500 rallied on Tuesday to hit the 4800 level, but as you can see we turned around and fell as we continue to struggle for hold. This shouldn...

Cardano Forecast: January 2022

Al Worden

January 2, 2022

Technical Forex Analysis

ADA / USD continues to show a rather negative price trend as resistance levels gradually decline and prove to be lasting.AdvertisingThe ADA / USD will enter in January with its long-term negative price trend i...

ARKK in Peril as Fed Pivots to Higher Interest Rate Regime: Top Trade Q1 2022

Al Worden

December 31, 2021

Technical Forex Analysis

The Federal Reserve made a very clear statement at the end of its December meeting: labor market. At that meeting, the FOMC doubled the pace of its reduction to $ 30 billion per month, a move that will see t...

Technical analysis of gold: the dollar is recovering against gold

Al Worden

December 29, 2021

Technical Forex Analysis

The recent decline in the price of the US dollar has helped the gold market rebound higher, reaching resistance at $ 1,820 before settling around $ 1,805 as of this writing. Gold futures seek to build and main...

Is the bullish journey over?

Al Worden

December 27, 2021

Technical Forex Analysis

Despite the state of optimism regarding the new COVID variant and risk appetite, gold prices rebounded higher, stable around $ 1,811, near their highest in one month, in a context falling US dollar. Recently, ...

The path of least resistance is lower

Al Worden

December 25, 2021

Technical Forex Analysis

Technical signals remain bearish for the euroThe euro suffered significant losses against the US dollar in 2021. Although trading was volatile and largely directionless for the first five months of the year, ...

EUR / USD, EUR / JPY. Tightening volatility needs to be watched

Al Worden

December 21, 2021

Technical Forex Analysis

Euro, EUR / USD, EUR / JPY - Talking PointsEUR / USD hit a new low for the year before retreating into known territoryEUR /JPYhas a similar pattern to EUR / USD with decreased volatilityIf the Euro can break ...

Weekly Economic and Financial Commentary: The Hawkish Fed Steals The Show

Al Worden

December 18, 2021

Technical Forex Analysis

Summary United States: Hawkish Fed Steals Show, But Supply Issues Linger Behind The Scenes The more hawkish tone that emerged from the last Fed policy meeting was the main event that caught the markets' at...

Gold Technical Analysis: Crucial Trading Session

Al Worden

December 16, 2021

Technical Forex Analysis

The price of gold fell sharply after the U.S. Federal Reserve announced plans to end asset purchases and start with three interest rate hikes in 2022. The price of gold fell to the $ 1,753 level, then quickly ...

USD / JPY Forex Technical Analysis – Traders’ reaction at 113.588 sets the tone ahead of Fed announcements

Al Worden

December 14, 2021

Technical Forex Analysis

The dollar / yen rose on Tuesday after rebounding from initial weakness after data showed producer prices rose more than expected as supply constraints persisted. The data showed the largest annual gain in at...

NZD / USD Forex Technical Analysis – Strengthens above .6803, weakens below .6780

Al Worden

December 13, 2021

Technical Forex Analysis

The New Zealand dollar edged higher on Friday after recovering from early session weakness. The Kiwi's rebound was fueled by a weaker greenback, which retreated after a report showed US consumer inflation rou...

EURGBP evolves between MA of 100/200 hours

Al Worden

December 10, 2021

Technical Forex Analysis

EURGBP trades between 100 / 200H MM The EURGBP fell to its low for the week in Tuesday's session, and thus tested the 200-hour moving average. Support buyers leaned against the...

Unstable range after recovery from flash crash

Al Worden

December 8, 2021

Technical Forex Analysis

SOL / USD has seen a whirlwind of rapid trading recently, including a rapid drop in value when the large-scale flash crash hit cryptocurrencies last weekend.AdvertisingHaving recouped some of its lost value as...

Technical analysis of gold: an eye on psychological resistance

Al Worden

December 6, 2021

Technical Forex Analysis

Gold futures were flat at the end of trading last week, despite turmoil in global financial markets. In Friday's session, the price of gold fell towards the support of $ 1,766 and, after announcing the details...

Outcome of the week: supply issues are easing, but Omicron looms

Al Worden

December 4, 2021

Technical Forex Analysis

Highlights of the United States The ISM manufacturing index has shown signs of easing supply chain conditions. Supplier delivery times have shortened while production, employment and new orders indices hav...

Market morning briefing: Pound fell below 1.33

Al Worden

December 3, 2021

Technical Forex Analysis

STOCKS The actions are mixed. While Dow recovered from the fall of the day before with an increase observed in Shanghai, Nifty and Sensex. Dax and Nikkei fell sharply but may soon recover to recover as sup...

Analysis-Japan keen to speed up digital yen launch as China adds geopolitical twist By Reuters

Al Worden

December 1, 2021

Technical Forex Analysis

© Reuters. FILE PHOTO: A man wearing a protective mask stands outside the Bank of Japan headquarters amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan May 22, 2020.REUTERS / Kim ...

NZD / USD Forex Technical Analysis – Bears Hope for Strong Breakout to Start Below 0.6805

Al Worden

November 29, 2021

Technical Forex Analysis

The New Zealand dollar hit a more than 3-month low on Friday amid concerns over a new variant of the coronavirus discovered in South Africa. The move was part of the global liquidation that began on October 2...

Forward orientation: Canadian GDP grows slightly as labor markets tighten

Al Worden

November 27, 2021

Technical Forex Analysis

We expect GDP to grow 4.0% (annualized) in the third quarter, picking up from a 1.1% drop in the second quarter when COVID-19 restrictions were tighter. This increase in the third quarter would be larger t...

Shiba Inu (SHIB) turns bearish as investors sell off holdings

Al Worden

November 25, 2021

Technical Forex Analysis

The second most popular Shiba Inu (SHIB) memecoin appears to be on a downward slope, as crypto investors across India - one of the world's largest crypto trader user bases, panic following reports his governme...

USD / JPY Forex Technical Analysis – 114.969 Potential Trigger Point for Acceleration to 115.501

Al Worden

November 23, 2021

Technical Forex Analysis

The dollar / yen soared on Monday as US Treasury yields rose after President Joe Biden reappointed Jerome Powell for a second term as Federal Reserve chairman. A movement interpreted as hawkish by investors. ...

The index continues to reach historic highs

Al Worden

November 19, 2021

Technical Forex Analysis

It's a market that looks very strong and I think it will lead the way when it comes to indices in the United States.The NASDAQ 100 rallied significantly during Thursday's trading session to once again hit all-...

USD / JPY Forex Technical Analysis – Breakout Above 114.728 Puts 115.501

Al Worden

November 17, 2021

Technical Forex Analysis

The dollar / yen is slightly higher on Wednesday after hitting its highest level in more than five years in the previous session. The Forex pair's rise is driven by expectations of an earlier-than-expected ra...

Elliott Wave View: extension of the FTSE in wave 5

Al Worden

November 12, 2021

Technical Forex Analysis

The short-term view of Elliott waves on the FTSE suggests that the rally from the September 20, 2021 low is unfolding as a 5 wave pulse. Up from the September 20 low, Wave 1 ended at 7159.61 and Wave 2 dec...

Morning Market Briefing: Aussie has fallen sharply and may continue to fall below 0.74

Al Worden

November 10, 2021

Technical Forex Analysis

STOCKS Dow needs to hold above 36250/000 to keep the uptrend intact while Dax also needs to hold above 16000 to keep bullish momentum intact in the short to medium term. Nikkei and Shanghai have fallen and ...

Morning market briefing: EURJPY rebounded from 130.83

Al Worden

November 8, 2021

Technical Forex Analysis

STOCKS Equities have made good progress. The Dow and Dax may rise towards 36500-37325 and 16400 respectively while the Nikkei may test 31000 on the upside. Shanghai needs to hold above crucial support in o...

Forex AUD / USD Technical Analysis – Set up a closing price reversal fueled by profit taking

Al Worden

November 5, 2021

Technical Forex Analysis

The Australian dollar is trading slightly lower at the end of Friday's session after recovering almost all of its earlier losses. The Aussie was under pressure shortly after the release of the U.S. non-farm p...

The story, the pivot, the graph

Al Worden

November 3, 2021

Technical Forex Analysis

The recent rebranding of Facebook from its parent company to “Meta” is interesting on several levels. The change is discussed along the same lines as Google's 2015 decision ...

EURJPY wipes out rally, could weaken further in the short term

Al Worden

November 2, 2021

Technical Forex Analysis

The EURJPY is testing the 20-period Simple Moving Average (SMA) again, after entering the neckline of the double-bottom pattern higher. Price is losing some momentum, staying below the resistance level of ...

Bitcoin Forecast: November 2021

Al Worden

October 31, 2021

Technical Forex Analysis

Bitcoin looks set to enter in November after completely reversing its trading sentiment with an exuberant and optimistic trading landscape dominating.AdvertisingIn the last month of trading, BTC / USD has basi...

Fed Research Snapshot: Declining, Yes, But How Fast?

Al Worden

October 29, 2021

Technical Forex Analysis

Fed Research snapshot: declining, yes, but how fast? - Forex action ...