Nasdaq 100 Forecast: Minor Correction Ahead Amid an Ascending Channel?
The Nasdaq 100 index likely entered a technical correction after hitting the 161.8% Fibonacci extension resistance. The overall trend r...
Trading Strategies
EUR/USD Forecast: Euro Reversal Takes Shape Ahead of February Low
EUR/USD appears to have reversed course ahead of the February low (1.1952) as it breaks out of the descending channel from earlier this...
Australian Dollar Technical Forecast: AUD/USD, AUD/JPY, EUR/AUD
It was a week of strength for the Aussie, as AUD set fresh highs against all of the US Dollar, the Japanese Yen and the Euro.
New Zealand Dollar Forecast: Bullish Outcomes Unfold for NZD/JPY, NZD/USD
NZD/JPY has broken through the 2019 high on its way to a fresh yearly high, while NZD/USD just reached its high for 2021.
Gold Price Outlook – A Support Break Sets Up More Selling
Gold is weak right now and could continue to be in the near-term; watch support for further cues.
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.3881; (P) 1.3933; (R1) 1.4027; More…. GBP/USD’s rally is still in progress and reaches as high as 1.4035 so far. I...
EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.2054; (P) 1.2075; (R1) 1.2113; More… Intraday bias in EUR/USD remains neutral for the moment. On the downside, bre...
USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.8946; (P) 0.8971; (R1) 0.8985; More…. Intraday bias in USD/CHF is turned neutral with today’s retreat. On the upsi...
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 105.54; (P) 105.74; (R1) 105.87; More.. Intraday bias in USD/JPY remains neutral for the moment and consolidation fo...
USD/CAD Mid-Day Outlook
Daily Pivots: (S1) 1.2651; (P) 1.2691; (R1) 1.2717; More…. USD/CAD’s break of 1.2608 turns bias to the downside for 1.2588 low. Firm br...