Technical Forex Analysis

Gatherings to continue consolidation

November 23, 2022

Yes, there's almost always some sort of bullish narrative, but just because Wall Street desperately needs the Federal Reserve to start easing monetary policy doesn't mean that's going to happen.The S&P 500 ra...

EUR/USD Forex Technical Analysis – Traders Reaction at 1.0366 Sets the Tone for the Close

Al Worden

November 17, 2022

Technical Forex Analysis

The euro is trading lower but rising from its lows on Thursday as US Treasury yields rose and investors bet on a relatively hawkish Federal Reserve. The common currency had risen in recent weeks, with inflation...

Weekly Forex Forecast – XAU/USD, USD/JPY, EUR/USD

Al Worden

November 13, 2022

Technical Forex Analysis

The past week has seen a very strong reversal in the Forex market, with the US Dollar selling sharply and equity markets rising firmly, as US inflation data finally begins to show a significant decline.Advertis...

More decline in the face of contagion risks

Al Worden

November 10, 2022

Technical Forex Analysis

Bitcoin went below 25 days and 50 days moving average and the Ichimoku cloud. Bearish viewSell the BTC/USD pair and set a take-profit at 14,500.Add a stop-loss at 17,000.Deadline: 1 day.Bullish viewBuy the BT...

USDCHF down sharply, but finds support near the 200 hourly MA

Al Worden

November 4, 2022

Technical Forex Analysis

USDCHF fell sharplyUSDCHF rose initially after the US jobs report, but then reversed and fell lower. The drop took the price back below the 100 hourly moving average at 1.0030 and below the 50% midpoint of the ...

S&P 500 Forecast: November 2022

Al Worden

November 1, 2022

Technical Forex Analysis

The S&P 500 rallied significantly for most of October, but as we head into November, one of the first things we will see is the Federal Reserve's monetary policy statement. The Federal Reserve is expected to ra...

US Core PCE and ECI as expected. What does this mean for the FOMC next week?

Al Worden

October 28, 2022

Technical Forex Analysis

Ahead of the data release on Friday morning, Fed whisperer Nick Timiraos of the Wall Street Journal tweeted that "although the Fed is not dependent on data points and next week's decision of 75 basis points s...

Have a hunch? The ARK Innovation fund has a limited risk

Al Worden

October 25, 2022

Technical Forex Analysis

ARK Innovation skims Covid lows and sees a rebound.Do you have an intuition and want to be in the riskiest stocks? Bet a bunch. Buy the ARKKThe ARK Innovation fund - managed by Cathie Wood - hit a low of $33....

Week Ahead: Central Banks, UK Elections, GDP/Core PCE and Earnings!

Al Worden

October 22, 2022

Technical Forex Analysis

Many events are happening this week that could affect the markets. There is a good chance that volatility will remain high. The BOC, ECB and BOJ are all meeting this week. With Japan's intervention last Fr...

The morning forex technical report for October 19, 2022

Al Worden

October 19, 2022

Technical Forex Analysis

High Risk Warning: Currency trading involves a high level of risk which may not be suitable for all investors. Leverage creates additional exposure ...

Japan’s FX head says he will react strongly to excessive FX moves

Al Worden

October 16, 2022

Technical Forex Analysis

Masato Kanda of Japan's Ministry of Finance is its chief currency officer. Kanda is the official responsible for ordering the Bank of Japan to intervene in the currency (in this case to buy yen) whe...

Some Unintended Consequences of the RBA Pivot

Al Worden

October 14, 2022

Technical Forex Analysis

The Westpac Melbourne Institute's Consumer Sentiment Index fell just 0.9% from 84.4 to 83.7 in the October survey. The index remains in deeply pessimistic territory but could have been much weaker. As stated ...

EURUSD retreats on the day

Al Worden

October 11, 2022

Technical Forex Analysis

EURUSD bulls had a chance. They missed.The EURUSD returned to negative territory after attempting to extend into positive territory for the 1st time in 5 trading days.Looking at the hourly chart, the high pric...

NASDAQ 100 forecast: continues to cause hesitation

Al Worden

October 7, 2022

Technical Forex Analysis

Remember, it's only a handful of stocks that move the NASDAQ 100, so you should watch out for all the usual suspects like Tesla, Microsoft, Amazon, and Alphabet, plus a few others. The NASDAQ 100 initially atte...

EUR/CHF forecast: continues to show vulnerability

Al Worden

October 4, 2022

Technical Forex Analysis

Either way, this trend is awful and there's no need to try and fight and be the hero here. The Euro initially attempted to rally against the Swiss Franc on Friday, but returned gains as risk appetite not only...

GBPUSD extends recovery, but still in a downtrend

Al Worden

September 30, 2022

Technical Forex Analysis

GBPUSD climbed higher on Thursday but found resistance today at 1.1228, still below the short-term falling trend line taken from the August 10 high as well as below the falling line longer term from the Marc...

US housing data, core PCE inflation, next on schedule

Al Worden

September 28, 2022

Technical Forex Analysis

With the Fed trying to control inflation at all costs and showing no interest in bailing out investors, traders will continue to look for cracks in the US economy this week. US housing data will hit the cale...

Weekly Forecast September 26-30

Al Worden

September 25, 2022

Technical Forex Analysis

Traders who bet on the wrong side of GBP/USD last week may still be licking their wounds as this trading week is about to begin.A historic bearish trajectory has taken GBP/USD to lows not seen since 1985. GBP/...

USD/JPY Forex Technical Analysis – BOJ’s ‘one and done’ intervention not enough to change long-term trend

Al Worden

September 23, 2022

Technical Forex Analysis

The dollar/yen is trading almost flat on Friday after intervention by the Bank of Japan (BOJ) fueled a volatile response from the Forex pair in the previous session. The move but the dollar/yen on course for i...

Silver Price Forecast: Hanging On To The Downtrend Ahead Of The FOMC

Al Worden

September 20, 2022

Technical Forex Analysis

Silver Price Outlook:Silver prices are holding a multi-month descending trendline ahead of tomorrow's September Fed meeting.A move above the trendline increases the likelihood of a return to the September high...

Week Ahead – Aggressive Tightening

Al Worden

September 17, 2022

Technical Forex Analysis

WE Many on Wall Street are watching the Fed's rate hike cycle and getting nervous about tipping the economy into a recession. With scorching inflation, the FOMC may consider a full point rate hike, but will ...

USDCAD Hits New 22-Month High

Al Worden

September 16, 2022

Technical Forex Analysis

The USDCAD has been in an uptrend since early August, when the price encountered strong support at the 200-day simple moving average (SMA). Additionally, over the past few sessions, the technical picture ha...

EUR/USD Forex Signal: More Decline Amid Signs

Al Worden

September 14, 2022

Technical Forex Analysis

The next key catalyst for EUR/USD will be the latest Producer Price Index (PPI) data. AdvertisingBearish viewSell the EUR/USD pair and set a take-profit at 0.9850.Add a stop-loss at 1.0095.Lead time: 1-2 days...

NASDAQ 100 Forecast: Hits 50-Day EMA

Al Worden

September 12, 2022

Technical Forex Analysis

At the first signs of exhaustion, I'm willing to take a small short position and add it, as we've seen a good chunk of it sell out.The NASDAQ 100 rebounded again in Friday's trading session as the US dollar beg...

WTI Crude Oil Forecast: Bounces Towards Resistance

Al Worden

September 9, 2022

Technical Forex Analysis

Unless we somehow avoid a global recession, or get some kind of major upheaval due to Russian sanctions, it's almost impossible to imagine oil taking off outward. as he had done before. The West Texas Intermedi...

Support and resistance trading – EUR/USD, AUD/USD

Al Worden

September 4, 2022

Technical Forex Analysis

For the month of September, I expect the EUR/USD currency pair and the GBP/USD currency pair to lose value, while the USD/JPY currency pair will increase in value.This week I'll start with my monthly and weekly...

All Eyes on Jobs Report

Al Worden

September 2, 2022

Technical Forex Analysis

Stock markets in Europe opened positively on Friday after what was an otherwise rotten week, while Asia was fairly mixed ahead of the US jobs report. It will be interesting to see if Europe can sustain the re...

USDJPY tries to extend the medium-term bullish structure

Al Worden

August 31, 2022

Technical Forex Analysis

USDJPY has gained ground in the short term, holding above the 1-month uptrend line, despite today's pullback so far. However, the market is still moving below the mid-term ascending trendline and waiting for...

Week Ahead: The Last of the “Dog Days of Summer”

Al Worden

August 27, 2022

Technical Forex Analysis

Powell ultimately said nothing new, so this week's price action is likely to shift from a focus on Fedspeak to underlying economic data… Well, that was an ugly end to an otherwise quiet week for risky assets!...

On the cusp of a bearish breakout

Al Worden

August 25, 2022

Technical Forex Analysis

EUR/USD selling has stopped slightly ahead of the next ECB minutes.Bearish viewSell the EUR/USD pair and set a take-profit at 0.9850. Add a stop-loss at 1.0025.Deadline: 1 day.Bullish viewSet a buy-stop at 1...

The incremental rise via the uptrend remains stable

Al Worden

August 23, 2022

Technical Forex Analysis

USD/INR was able to sustain the higher values it set mid last week and speculators will continue to be tested.The Indian Rupee continues to lose ground against the USD in Forex and as of this morning a value ...

Technical, Fundamental and Sentiment Forex and CFD market a

Al Worden

August 21, 2022

Technical Forex Analysis

The difference between success and failure in Forex / CFD trading will most likely depend primarily on which assets you choose to trade each week and in which direction, not on the exact methods you might use t...

FTSE 100 Analysis: Constructing a Bearish Outlook

Al Worden

August 19, 2022

Technical Forex Analysis

FTSE 100 analysis and talking pointsAwaiting FTSE 100 pullbackRising downside risks in ChinaA few days ago, I mentioned a few technical areas to note in the S&P 500 where I would expect the index to struggl...

Forex technical analysis AUD/USD – .6982

Al Worden

August 17, 2022

Technical Forex Analysis

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...