Weekly Technical Forecast:Weigh S&P 500 Reversals, EURUSD Breaks and Gold Trends


Australian Dollar Forecast – AUD/USD, AUD/NZD Downtrend May Pause. AUD/JPY Targets New 2019 Low

Technical cues hint AUD/USD and AUD/NZD may pause their descents while AUD/JPY appears to be reversing, targeting a close that could set new 2019 lows in the medium-term.

Oil Forecast – Crude Oil Price Falls From 2019 High On Economy Fears, US Dollar Strength

Economic news and intermarket developments were not favorable for crude oil last week, and crude traders seemed to take profits as the crude oil price pulled away from the 2019 extreme high of $58/bbl.

British Pound ForecastCharts Keeping Positive Bias

Sterling pushes higher against a weak Euro but fails to make any headway against a strong US dollar.

US Dollar Forecast – Dollar Traders On Alert After EURUSD’s 1.1200 Slip Pushes DXY to Ceiling

With considerable help from the Euro via EURUSD, the Dollar posted a dramatic charge this past week to test a key range high resistance. After a Friday retreat, is the Dollar still in a position to earn a key bullish break?

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

Gold’s long-term technical uptrend looks set to resume as anti-risk fundamentals helps boost the commodity higher.

Euro Forecast – Can Euro Sellers Maintain Control?

At last we got a meaningful move out of the Euro, which brings us to the question of whether the move is sustainable, or will it get reversed as all price swings have in recent months.

Equities Forecast – World Equity Outlook Bearish as S&P 500, Nikkei 225, DAX 30 Top?

The S&P 500 outlook, and coincidentally for global risk trends, turned increasingly bearish leaving the Nikkei 225 and DAX 30 increasingly vulnerable to confirming recent tops.


Source link

Leave a Comment