Technical Forex Analysis

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 ...

Aussie rallies to key zone – AUD / USD levels

Al Worden

October 28, 2021

Technical Forex Analysis

Australian Dollar Price Technical Outlook: Short-Term Trading LevelsAustralian dollar update of the technical level of trading - Daily and intraday chartsAUD / USD Weekly opening support defense pulls t...

EUR / USD technical analysis: failure of the upward correction

Al Worden

October 26, 2021

Technical Forex Analysis

Attempts to bounce back by EUR / USD, which hit the resistance level of 1.1667, quickly evaporated and came back to stabilize below the 1.1600 support. This move comes amid the loss of the euro momentum...

Important negotiating moment in sight

Al Worden

October 25, 2021

Technical Forex Analysis

The USD / INR 75.0000 trading environment remains a focal point and could puzzle speculators as to the potential volatility that could ignite in the near term. Advertising The Rupee ha...

How Beginners Can Start Making Money From Forex Investing

Al Worden

October 23, 2021

Technical Forex Analysis

Investing in the Forex market is a good option if you are trying to make a consistent profit. You can also invest in other markets, such as futures, government bonds, and stocks. However, the liquidity and a...

Weekly Focus – Slowdown in growth in the euro zone

Al Worden

October 22, 2021

Technical Forex Analysis

Markets remained in risk mode this week with stocks rising and 10-year US Treasuries returning to May levels close to 1.70%. Demand for inflation protection remains strong and the US breakeven inflation rat...

USD Snaps Support – DXY Price Breakdown Levels

Al Worden

October 20, 2021

Technical Forex Analysis

US Dollar Price Technical Outlook: DXY Short-Term Trading Levelswe Dollar Technical Updated Technical Trade Levels - Daily and Intraday ChartsUSD reverses technical resistance - risk of further short-term ...

United States: Housing starts decline in September

Al Worden

October 19, 2021

Technical Forex Analysis

Housing starts in the United States fell 1.6% to 1.56 million units (annualized) in September, below market expectations for a stable impression near the 1.6 million mark. Housing starts were revised up 7k...

Bullish pennant and double bottom

Al Worden

October 18, 2021

Technical Forex Analysis

Bullish view Bearish view EUR / USD was held stable early in the session as the market continued to reflect strong US retail sales and weak consumer confidence data. The pair climbed to 1.1600, wh...

Retail sales recap: the American consumer is alive and well

Al Worden

October 16, 2021

Technical Forex Analysis

Retail sales in the United States for the month of September rose 0.7% against an expectation of -0.2%. The August impression was also revised up from 0.7% to 0.9%. It seems Americans have not been affect...

Cliff Notes: Confidence Provides A Strong Foundation For Recovery

Al Worden

October 15, 2021

Technical Forex Analysis

Key insights from the week that was. Trust was the key theme in Australia and around the world this week. Starting with the NAB Australian Business Survey. By mid-September, when the investigation was condu...

Gold price prediction: gold takes a step forward in 1800

Al Worden

October 13, 2021

Technical Forex Analysis

Gold, XAU / USD Talking Points:Gold prices collapse today after settling into a bullish reversal formation as the October trade enters. Buyers should remain cautious of the pursuit here as there have been a n...

Forex AUD / USD Technical Analysis – Breaking .7379 with conviction could trigger a strong bullish breakout

Al Worden

October 12, 2021

Technical Forex Analysis

The Australian dollar is trading flat against the US dollar on Tuesday morning after hitting its highest level since September 14 in the previous session. The Aussie is supported by rising commodity prices an...

Five-week USD rally stops at resistance

Al Worden

October 10, 2021

Technical Forex Analysis

US Dollar Price Technical Outlook: DXY Weekly Trading Levelswe DollarTrade Technical Level Update - Weekly ChartUSD attempts vulnerable fifth early weekly rally as it falls below key technical resistance DXY ...

What Style Fits Me Best for Forex Trading by Becky Hayman

Al Worden

October 7, 2021

Technical Forex Analysis

Finding a trading style that works for you and is right for you as an individual trader is important for trading any market, not just Forex. Success is rarely found in trading by copying ...

Technical configurations GBP / CHF, AUD / CHF, CHF / JPY

Al Worden

October 6, 2021

Technical Forex Analysis

Swiss Franc, CHF, GBP / CHF, AUD / CHF, CHF / JPY - Talking PointsGBP / CHF fails 50-day moving average (DMA), bearish trend remains intactAUD / CHF remains tied to channel, price action remains choppyRelativ...

BTC / USD Forex Signal: Bitcoin to 3 Week High

Al Worden

October 6, 2021

Technical Forex Analysis

Bitcoin is now trading above $ 50,000.Last Monday's BTC / USD signal produced a well-profitable long trade from the bullish rebound from the support level identified at $ 46,867.Today's BTC / USD SignalsRisk 0...

The analytical overview of the main currency pairs

Al Worden

October 5, 2021

Technical Forex Analysis

The EUR / USD currency pair Technical indicators of the currency pair: Previous opening: 1.1593Previous Close: 1.1619% mod. on the last day: + 0.22% ECB spokesman Paolo Gentiloni said high inflation in EU...

WTI at a major long-term level

Al Worden

October 4, 2021

Technical Forex Analysis

Technical Highlights on Crude Oil:Trade around an area of ​​macro resistanceMonitor price action for confirmation or rejectionThis week could be pivotalOil is testing a maj...

USD / CAD Technical Outlook: Putting Pressure on Important Support

Al Worden

October 1, 2021

Technical Forex Analysis

USD / CAD technical outlookUSD / CAD trading on the June trendlineHold support and might rally, breakout and weakness expectedUSD / CAD technical outlook: pressure on trend supportUSD / CAD is currently at an...

Analysis: The “perfect storm” drives the dollar up in volatile markets

Al Worden

October 1, 2021

Technical Forex Analysis

A photo illustration shows US $ 100 banknotes taken in Tokyo on August 2, 2011. REUTERS / Yuriko Nakao / File PhotoNEW YORK, Oct. 1 (Reuters) - The dollar's sharp rally is accelerating, fueled by a hawkish Fed...

RBNZ to increase rates, more

Al Worden

September 30, 2021

Technical Forex Analysis

After a surprise lockdown prevented policymakers from raising interest rates in August, the Reserve Bank of New Zealand (RBNZ) is widely expected to make the move at 02:00 GMT on Wednesday. However, the ris...

Rapid bursts of volatility and long-term lows in sight

Al Worden

September 29, 2021

Technical Forex Analysis

The GBP / USD saw a rapid sell-off and the Forex pair is now crossing values ​​not seen since the second week of January 2021.GBP / USD traders have been treated or traumati...

US Dollar Index (DXY) Reaches New Highs in 2021

Al Worden

September 29, 2021

Technical Forex Analysis

The US Dollar Index (DXY) has been on a strong run since early September, leading up to last week's FOMC statement. Although Powell and his gang appeared to be on the more hawkish side, the DXY had sold ou...

EUR / USD forecast: October 2021

Al Worden

September 28, 2021

Technical Forex Analysis

Below the 1.16 level then we have a clear sell signal, but above the 1.1750 level there is a possibility that we will resume the action that we have seen for several months.AdvertisingThe euro fell for most of...

Morning Market Briefing: The Pound Seems To Be In A 1.3750-1.36 Range

Al Worden

September 28, 2021

Technical Forex Analysis

STOCKS Stocks are trading higher with crucial resistances ahead. The Dow looks strong to rise towards 35250 while Dax may face resistance near 15700/800 over the next few sessions. Nikkei and shanghai coul...

Germans vote, but result unclear

Al Worden

September 27, 2021

Technical Forex Analysis

The euro shows limited movement in Friday's session. Currently EUR / USD is trading at 1.1701, down 0.16% on the day. Elections in Germany are inconclusive The Germans have gone to the polls, but federal e...

Energy crisis: surge in oil causes gasoline panic at the pump

Al Worden

September 24, 2021

Technical Forex Analysis

The continued surge in oil has combined with supply issues caused by the shortage of truck drivers to fuel the gasoline spikes and stoke fears of a winter energy crisis. Here's the latest, along with a tech...

No momentum from the Federal Reserve

Al Worden

September 23, 2021

Technical Forex Analysis

Despite clear indications from the Federal Reserve to tighten monetary policy, the USD / JPY remained stable in a range between the support of 109.11 and the resistance of 109.92, where it settled at the time ...

BoE meeting looms as markets digest FOMC

Al Worden

September 23, 2021

Technical Forex Analysis

The British pound reversed Thursday and is in positive territory. GBP / USD is currently trading at 1.3672, up 0.41% on the day. The BoE should stay the course The BoE is in a tough spot as recent economic...

A higher reversal cannot mask the medium-term downtrend

Al Worden

September 22, 2021

Technical Forex Analysis

A slight reversal to the upside at the start of USD / JPY trading this morning has been demonstrated, but short-term speculators should still consider the broader trend.AdvertisingThe yen is a popular asset du...

Gold Price Prediction: Looking For Former Support Before The Fed

Al Worden

September 21, 2021

Technical Forex Analysis

Gold Price Outlook:Gold prices are holding below symmetrical triangle support, with momentum indicators starting to point down.It was only by clearing 1785 in the days to come that traders would have a good r...

Calmer markets despite Evergrande risks, Loonie jumps on Trudeau victory

Al Worden

September 21, 2021

Technical Forex Analysis

Fears of contagion in Evergrande subside slightly, but markets remain nervous Loonie soars after Trudeau narrowly wins third term Aussie and kiwi push back accommodating reserve banks Pound goes up too, but U...

Forex: EURUSD Technical Analysis by Jason Maynard Wave-FX Forex Research Team

Al Worden

September 20, 2021

Technical Forex Analysis

Just like the GBPUSD, at the moment our view is also bearish on the EURUSD pair. EUR / USD is trading well below 1.18, a two-week low, as the market's cautious mood boosts the safe haven dollar. C...

Global stocks rise as risks of Evergrande rise

Al Worden

September 20, 2021

Technical Forex Analysis

Global stocks fell early in the session as investors continued to focus on Evergrande, the struggling Chinese real estate developer. The company is $ 4306 billion in debt, making it the most indebted real ...

British pound risks a downside breakout

Al Worden

September 19, 2021

Technical Forex Analysis

GBP / USD WEEKLY FORECAST: DROPGBP / USD has coiled into a symmetrical triangle in recent months, a sign that the pair is consolidatingWith the Fed and Bank of England's monetary policy decision next week, vo...

GBPJPY flashes green in a directionless market

Al Worden

September 17, 2021

Technical Forex Analysis

GBPJPY is moving mostly sideways and recently found some ground on the 150.96 level which is the 23.6% Fibonacci retracement of the bullish leg from 134.39 to 156, 06. The flattening of the 50 and 100 day ...

Morning market briefing: Aussie has moved below 0.73

Al Worden

September 17, 2021

Technical Forex Analysis

STOCKS The Dow Jones has moved from immediate trend support and appears bullish towards 35250. Dax may also rise towards 15800/80 in the short term. Nikkei and Shanghai have the option of testing 30,000 and...