Dollar Breakouts Fall Apart While Equities and Oil Rallies Stumble


Australian Dollar Forecast – AUD/USD Rebound Stalls Post-Fed

Aussie is poised to post a weekly doji just above yearly open support. These are the key targets and invalidations levels that matter on the AUD/USD weekly chart.

Oil Forecast – Evening Star Prints as $60 Breakout Fails

The bullish 2019 trend in Oil prices finally found some resistance this week at the $60-handle, at which point a bearish formation printed. But will buyers completely step back ahead of the Q2 open?

British Pound Forecast British Pound Volatility Continues and a Break Is Inevitable

The Pound exhibited extraordinary volatility these past weeks as the markets chewed over Brexit uncertainties. As uncertainty prevails, a breakout will be tough to secure; but exceptional volatility will eventually lead to a break.

US Dollar Forecast – Is FOMC Scared of a Stronger DXY? Apparently So, As They Should

Unfortunately, the Federal Reserve does not speak in a vacuum. Despite their desire for a weaker US Dollar, the rest of the world seems to see US assets (and thereby) the US Dollar as a likely haven from global weakness, which could potentially frustrate the Fed’s plans.

Gold Forecast – Gold Chart Shows Prices Flirting with $1,300 Again After Anti-Risk Bid

Gold is trading higher within a channel which keeps short-term momentum edging upward, but a breakdown may soon usher in sellers.

Euro Forecast –EURUSD Rejected by 200-DMA Again

A mid-week rally in EURUSD, on the back of a short-lived US dollar sell-off, was quickly re-traced with the path of least resistance for the pair likely lower in the short-term.


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