Technical Forex Analysis

Forex technical analysis AUD/USD – .6982

August 17, 2022

The Australian dollar is trading almost flat on Wednesday morning after recovering from earlier losses to remain virtually unchanged in the previous session. Minutes from the Reserve Bank of Australia's (RBA) A...

Commitment of Traders (COT) Report: Yen Traders Growing Bullish

Al Worden

August 15, 2022

Technical Forex Analysis

Divergence between market positioning and yen futures prices continues to widen, with large speculators piling in new long bets and driving down net-short exposure. Commitment from traders – from Tuesday 9e ...

EURGBP Erases Gains and Returns to Familiar Bias Definition Level

Al Worden

August 12, 2022

Technical Forex Analysis

EURGBP used the 100-day MA as a ceiling on Wednesday and Thursday. EURGBP following technical levels.On the downside, the 200-day MA and the 100-hour MA were broken on Wednesday and attempted to stay below yest...

WTI Crude Oil Forecast: Round Trip Trading

Al Worden

August 10, 2022

Technical Forex Analysis

If we get a rally from here, the first signs of exhaustion will most likely be a nice selling opportunity.The West Texas Intermediate Crude Oil Market retreated slightly on Tuesday after a rally.This shows how ...

Road Ahead looks ready to deliver violent bumps

Al Worden

August 8, 2022

Technical Forex Analysis

Speculators who like opportunistic markets and bet on USD/INR could have a rather intriguing path this week.USD/INR has seen strong bumps over the past week of trading, and there are plenty of reasons to suspec...

Reserve Bank of Australia eyes flexible path

Al Worden

August 6, 2022

Technical Forex Analysis

Summary The Reserve Bank of Australia (RBA) raised its cash rate by 50 basis points to 1.85% at its August meeting and signaled that further rate hikes will be needed to bring inflation back towards the goal...

USDJPY is approaching the 100 hour MA. Will the dip buyers come against the support?

Al Worden

August 4, 2022

Technical Forex Analysis

USDJPY is trading between 200 and 100 a.m. MA todayThe USDJPY USD/JPY USD/JPY is the currency pair comprising the United State...

Trading Above Moving Averages

Al Worden

August 2, 2022

Technical Forex Analysis

Recommendation of the day on the lira against the dollarRisk 0.50%.Yesterday's buy trade was activated and half of the contracts were closed, with the price rising towards the target and providing a stop loss p...

Ethereum Technical Analysis | Forexlive

Al Worden

July 31, 2022

Technical Forex Analysis

Old school technical analysis says price itself is the most important technical indicator. Some claim that the most important part of technical analysis is the price itself, because it travels through time.ETH...

The index is on the rise again

Al Worden

July 28, 2022

Technical Forex Analysis

The Dow Jones Industrial Average has started to rise again in its recent trades at intraday levels, to make gains in its last sessions of 1.37%, to add the index to around 436.05 points. It settled late in the ...

Crude Oil Price Technical Forecast: WTI Correction Almost Over

Al Worden

July 26, 2022

Technical Forex Analysis

Crude Oil Technical Forecast: WTI Weekly Trading LevelsCrude oil prices have plunged more than 30% from yearly highs, with the decline now approaching key technical support levels – we are on the lookout for a...

Crude Oil Plunges in the 200-Day EMA

Al Worden

July 22, 2022

Technical Forex Analysis

In the end, the only thing you can do to protect yourself is to trade smaller positions.The West Texas Intermediate Crude Oil market plunged significantly during Thursday's trading session to hit the 200-day EM...

Mid-week technical outlook: G10 currencies smile as dollar weakens

Al Worden

July 20, 2022

Technical Forex Analysis

The last few days have been difficult for the dollar. It weakened against all G10 currencies this week as investors reduced bets on the aggressiveness of the Federal Reserve during July's interest rate hike....

New Zealand First Impressions Consumer Price Index, June Quarter 2022

Al Worden

July 18, 2022

Technical Forex Analysis

Consumer prices rose 1.7% in the June quarter. This brought the annual inflation rate to 7.3%, its highest level since 1990. Inflationary pressures are widespread and should persist for some time to come. T...

The Weekly Bottom Line: BoC Offers Shock 1% Rise

Al Worden

July 16, 2022

Technical Forex Analysis

United States Highlights Market sentiment deteriorated this week on stronger than expected CPI data and a weak start to the corporate earnings season. The US CPI accelerated in June, rising 1.3% m/m, pushing...

Beige Book: Almost all districts noted modest improvement in labor availability

Al Worden

July 13, 2022

Technical Forex Analysis

Strengths of the Beige Book: Almost all districts noted a modest improvement in labor availability amid weaker labor demand Overall pricing power held steady despite som...

Back in the Symmetrical Triangle – What’s Next?

Al Worden

July 11, 2022

Technical Forex Analysis

Crude Oil Outlook:Crude oil prices reached $94/brl last week, a floor below the market since Russia invaded Ukraine in late February.Technical damage has been done, but the fundamentals have not changed: suppl...

Week Ahead: CPI, Earnings and Central Banks…

Al Worden

July 9, 2022

Technical Forex Analysis

RBNZ and BoC policy decisions; US CPI and many other global data will ensure high volatility. The results season is also starting. Markets managed to recoup some losses in the first full week of July after ...

Canadian employment data in full view after strong loonie selloff

Al Worden

July 7, 2022

Technical Forex Analysis

Canadian jobs data for June will accompany nonfarm payrolls in the United States on Friday at 12:30 GMT. The consensus is for a weaker jobs print, but the data won't change the central bank's forecast for a ...

Gold raises a bullish flag, but how strong are the bulls?

Al Worden

July 4, 2022

Technical Forex Analysis

Optimism for gold has started to shine again after the creation of a bullish hammer candlestick on Friday, which followed the strong rebound from the May low of $1,786 an ounce. The price is currently pushing...

Week Ahead: RBA, FOMC Minutes and Nonfarm Payrolls

Al Worden

July 2, 2022

Technical Forex Analysis

Volatility could increase later in the week as the RBA makes its decision on an interest rate hike and the US releases the FOMC minutes, as well as the NFP. Central bank leaders were in the spotlight last wee...

EUR/USD Forex Technical Analysis – Sellers Deliver Euro Amid Rising Recession Fears

Al Worden

June 30, 2022

Technical Forex Analysis

The euro was down sharply on Thursday on lower eurozone bond yields as financial markets continued to focus on growth risks. The fastest rate-hike cycle in decades to fight soaring inflation has hit consumer de...

DAX forecast: the index exceeds €13,000

Al Worden

June 24, 2022

Technical Forex Analysis

Ultimately, I have no interest in buying this market, at least not until the ECB changes its attitude, or something fundamental does.The German index broke significantly lower in Thursday's trading session as w...

The price of the euro is stable

Al Worden

June 23, 2022

Technical Forex Analysis

U.S. Reserve Bank Governor Jerome Powell reiterated his bank's intention to increase the pace of U.S. interest rate increases at any rate in order to control the bank's target on US inflation. It has reached it...

Crude Oil Price Forecast: Despite the pullback, the bullish triangle remains

Al Worden

June 20, 2022

Technical Forex Analysis

Crude Oil Outlook:Crude oil prices fell sharply last week, but a bullish triangle – a continuation effort – persistssuggesting that more upside may be ahead.The fundamentals have not changed: global demand con...

S&P 500, Nasdaq, Dow Jones Forecast for the coming week

Al Worden

June 18, 2022

Technical Forex Analysis

S&P 500, Nasdaq, and Dow Price Technical Forecast: Weekly Trading LevelsS&P500Nasdaq & Dow Trade Level Technical Update – Weekly ChartsSPX500 support 3665, 3482-3501, 3419- resistor 3906/08, 4139/96Nasdaq w...

Markets will seek a new balance after the Fed

Al Worden

June 16, 2022

Technical Forex Analysis

Markets Yesterday didn't bring the annoying intraday countdown that often guides trading ahead of a Fed decision. After the recent sharp rise in yields and the selling of risk, investors scaled back recent o...

Two trades to watch: EUR/GBP, gold

Al Worden

June 14, 2022

Technical Forex Analysis

EUR/GBP digests UK jobs data, weighs in on German ZEW economic sentiment numbers EUR/GBP rose for a third straight session yesterday after data showed the UK economy unexpectedly contracted for a second conse...

SNB meeting: higher rates or patience?

Al Worden

June 10, 2022

Technical Forex Analysis

The Swiss National Bank will announce its policy decision at 07:30 GMT on Thursday. This meeting is “live” as market prices imply a 70% probability for a rate increase. Even though Swiss inflation has start...

USDCAD fails to continue yesterday’s aggressive bullish rally

Al Worden

June 10, 2022

Technical Forex Analysis

USDCAD had an aggressive bullish rally on Thursday, moving towards the psychological number of 1.2700, but the Canadian jobs report later in the day could strengthen the loonie. The pair is flirting with th...

Index slams into the 200-day EMA

Al Worden

June 7, 2022

Technical Forex Analysis

I'll be careful to put too much money in to work right away.The Parisian CAC index recovered on Monday to reach the level of €6,600. This is an area that exhibited the 200-day EMA and previous structural resist...

AUD/USD Forex Technical Analysis – Strong US Jobs Report Leads to Profit Taking Reversal

Al Worden

June 5, 2022

Technical Forex Analysis

The Australian dollar ended lower on Friday after hitting its highest level since April 22. The catalyst that spurred the move was stronger-than-expected U.S. jobs data, which offset dim hopes that the Federal ...

The main differences between long and short positions in Forex trading

Al Worden

June 3, 2022

Technical Forex Analysis

To trade in the forex market, you can open a “long” or “short” position. Keep reading to understand what these positions mean and when to apply them in Forex trading. Long and short positions are tw...

Intriguing Results in Home and Speculative Betting

Al Worden

June 1, 2022

Technical Forex Analysis

USDT/USD remains below its spoken bar of $1.00, and its failure to reach that level for some time may trigger speculative considerations.Advertising USDD/USD is trading below 1,000. As the most important stable...

S&P 500 Forecast: June 2022

Al Worden

May 30, 2022

Technical Forex Analysis

It is very likely that June will be more of a “fade the rally” situation, at least until the Federal Reserve changes its attitude.The S&P 500 futures market was pretty negative throughout May, and June isn't lo...

Top Three Metaverse Altcoins to Watch in June 2022

Al Worden

May 27, 2022

Technical Forex Analysis

New innovative projects are under development in the metaverse and it's something that will continue in the months to come. Although the technology is new and far from mainstream adoption, metaverse coins ar...

GBP/USD technical analysis: rapid evaporation of gains

Al Worden

May 25, 2022

Technical Forex Analysis

The price of the GBP/USD currency pair resumed its rapid decline from the resistance level of 1.2600 to the support level of 1.2471, after the release of the PMI data. This indicated the UK economy was on the b...

USDCAD holds support against the lower trendline on the hourly chart

Al Worden

May 23, 2022

Technical Forex Analysis

USDCAD is trading above the lower trendline/50% retracement the USDCAD USD/CAD USD/CAD is t...

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...