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Silver
Silver has continued to see concerted selling pressure as price action remains trapped within the confines of a sideways channel. Subsequently, the past few days has seen price action trending strongly towards the lower channel constraint where, historically, the metal has reversed.  However, given the risk of near term action...
Japanese Yen
The Dollar Yen’s resurgence has been moderated over the past few days by the presence of the 100 day EMA but the pair’s underlying bullishness may shine through shortly. Indeed, a number of technical developments are signalling that a breakout above the 100 day average may be seen inside...
New Zealand Dollar
The Kiwi Dollar’s rally has proven to be remarkably resilient over the past week, the pair largely resisting the urge slip lower despite some rather bearish technical readings. Moreover, this week has seen both a 0.8% contraction in the GDT Price Index and a dovish decision from the RBNZ...
Oil
The price of Crude Oil (WTI) has continued to crumple overnight as the benchmark declined around 2.03% and is now trading around the $42.53 a barrel mark. However, as much as OPEC might like to point the finger at non-cartel members undermining the current production agreement, the reality is...
Euro
The Euro has been declining fairly consistently over the past few weeks but the bears may have finally met their match in the 1.1123 support level. As a result, a reversal may finally be back on the cards and this could potentially see the EURUSD make a beeline for...
Euro Vs Poud
The Euro-Pound has largely exhibited a sideways direction over the past few months as price action’s movements have mainly been constrained by a channel.  Subsequently, there have been plenty of trading opportunities as the pair has meandered, relatively reliably, between the two extremes. So it will likely not be...
Swiss Franc
The Swissy has been recovering nicely over the past week or so but it’s been running into some resistance which could mean that it is now poised to reverse earlier than previously expected. What’s more, now that the FOMC is out of the way, we can’t rely on rate...
Japanese Yen
The USDJPY was strongly positive throughout most of last week as the pair rallied strongly in response to the U.S. Fed’s decision to hike interest rates. Subsequently, the pair closed the week sharply higher around the 1.1084 mark and within striking distance of the 100 Day MA. However, it...
Australian Dollar
The Aussie Dollar performed rather well last week which came as a surprise to much of the market given the FOMC’s decision to raise rates. As a result, the question is now being raised, can we expect similar gains in the week ahead or will the bears move back...
Canadian Dollar
The USDCAD has benefitted from a strong trend line that has been supporting price action since early January, 2017. Subsequently, the trend line has proved fairly reliable in trading long reversals but price action has proved elusive in the past week and dropped sharply through the trend line. However,...
The past six months have proved relatively positive for gold as the metal has continued to make headway over a cooling U.S. Domestic economy. However, the past few days have proved relatively illuminating for the metal with a false breakout occurring above the trend line likely signalling a sharp...
New Zealand Dollar
The New Zealand Dollar has been a net beneficiary from the building uncertainty around the U.S. Federal Reserve’s forward path on rate hikes. Subsequently, the currency pair has rallied relatively strongly, within an ascending channel, over the past month to its current level at 0.7220. However, the upward momentum...
Euro
The EURAUD is worth a look in this week as a decent, albeit simple, reversal set up seems to be forming which could see some gains back on the menu. Any subsequent recovery is unlikely to erode all of the losses seen over the past week or so but...
New Zealand Dollar
The Kiwi Dollar had an excellent past week of gains but the longevity of its rally is now coming into question. Specifically, a mixed technical bias and some fundamental uncertainty could prevent the pair from pushing higher over the coming sessions. Indeed, recent upsides already seem to have been pushing...
British Pound vs US Dollar
The Cable had a particularly rough week as the currency pair reacted to a surprising result from the UK election which saw the conservatives lose enough seats to cause a “hung parliament”.  Subsequently, the market was shocked and the pair collapsed back below the 1.28 handle to close the...
US Dollar Japanese Yen
The Dollar Yen has slowed the pace of its recent downtrend and, in fact, it has actually begun to recover modestly. However, given the ongoing Trump/Comey saga, the fundamental outlook isn't looking so hot for the pair which means we may have to turn to the technical bias for...
New Zealand Dollar
The past month has been almost meteoric for the venerable Kiwi Dollar as the currency has continued to rally to its current position at 0.7190. However, despite the strong bullishness, the various technical indicators are signalling that a change could be in the wind for the pair. In particular,...
Gold
Gold has proved relatively triumphant over the past few weeks as the precious metal has continued to trade within the relatively safety of a rising channel. However, the metal’s price action is now reaching a key inflection point that has previously led to a reversal. Subsequently, the question remains...
Canadian Dollar
The Loonie is poised to have yet another bump in buying pressure as the week closes which could see it back up at around the 1.3554 handle within a week or so. Indeed, the recent decline is already beginning to show signs of slowing which is due, in part,...
WTI OIL
Oil prices could be in trouble moving forward as they seem to have shrugged off both renewed commitments from OPEC and a 6.43M barrel draw in US inventories. This could be, in part, a result of the technical bias which is looking fairly dour going ahead. Indeed, current readings...
Oil
Oil prices could be in trouble moving forward as they seem to have shrugged off both renewed commitments from OPEC and a 6.43M barrel draw in US inventories. This could be, in part, a result of the technical bias which is looking fairly dour going ahead. Indeed, current readings...
Swiss Franc
The EURCHF has an interesting technical set-up developing that could mean we have both upside and downside risks to consider moving forward. Specifically, we are probably going to see the pair advance in the near-term although this is likely to simply be the preamble to a rather precipitous decline...
Australian Dollar
The embattled Aussie Dollar might be about to disappoint the bulls again as price action sets up for a potential tumble. The past few days has seen price action trending in a largely sideways direction after having failed to break through the long term descending trend line. Subsequently, the...
Euro Vs Poud
The EURGBP is fast approaching what could prove to be another near-term peak for the pair which might see it make an about-face in the coming days. This apparent shift in bias is highlighted by a number of technical signals but, most notably, the presence of the long-term falling wedge...
Canadian Dollar
The Loonie has been under fire recently but things could be about to improve for the embattled pair in the session to come. Specifically, a number of technical signals are now shifting their bias which suggests a reversal is now on the way. What’s more, now that the BoC’s interest...
China
The last 24 hours has been a watershed moment for the Chinese economy, as well as the Yuan, as Moody’s have moved to decisively downgrade the countries credit rating from A1 to Aa3. Although markets have reacted with shock, the reality is that macro economists have, for some time, questioned...
Euro Dollar
The Euro’s most recent surge higher is beginning to show signs of cracking as the bears are now putting up a bit of a fight. Indeed, last session’s slip could be the start of a rather pronounced tranche of losses that may see the pair back down at around...
Silver
Silver prices have been recovering strongly over the past few sessions and have now reached the near-term peak that was forecasted for the metal a short while ago. However, given the fact that Trump is on the loose internationally and calls for his impeachment remain fresh, we may have...
New Zealand Dollar
The Kiwi Dollar has faced some sharp swings over the past few weeks as the pair has reacted to a range of changing U.S. Dollar sentiment. Subsequently, the pair has largely rallied over the last trading session and finally reached the declining trend line. However, it remains to be...
Europe
The Euro had a resoundingly positive week as the pair reacted to slipping greenback sentiment following a rise in U.S. political risk. In particular, news that President Trump might have attempted to interfere in the FBI investigation largely overshadowed the economic data. Subsequently, the Euro rallied sharply to close the...

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