BTC/USD rebounds ahead of trendline support to take out the December high ($44739).
BTC/USD Outlook
BTC/USD may attempt to test the April 2022 high ($47447) as the upward trend from November remains intact, and a move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by a further advance in Bitcoin like the price action from last...
The price of gold appears to be stuck in a narrow range, but bullion may attempt to retrace the decline from the yearly high ($2147) should it track the positive slope in the 50-Day SMA ($1993).
Gold Price Outlook
The price of gold consolidates after testing the moving average earlier this month, and the precious metal may attempt to break out of the range...
Join Strategist David Song to cover the key event risk that could influence financial markets in the week ahead. Discuss major fundamental themes along with current market developments.
The recent selloff in USD/CHF pushed the Relative Strength Index (RSI) into oversold territory, but the oscillator seems to be diverging with price as it fails to reflect the extreme reading from earlier this year.
USD/CHF Rate Outlook
USD/CHF registered a fresh monthly low (0.8593) as it snapped the range-bound price action from last week, with a break/close...
AUD/JPY may attempt to retrace the decline from the monthly high (98.07) as it carves a series of higher highs and lows.
AUD/JPY Rate Outlook
AUD/JPY trades back above the 50-Day SMA (96.33) after failing to test the October low (93.06), with a close above 97.60 (50% Fibonacci extension) bringing the 2022 high (98.77) on the radar.
A break/close above the...
BTC/USD consolidates after registering a fresh yearly high ($44739) earlier this month, but Bitcoin may stage further attempts to test the April 2022 high ($47447) should it hold above trendline support.
BTC/USD Outlook
BTC/USD may negate the upward trend carried over from last month if it struggles to hold above $40310 (100% Fibonacci extension), with a...
GBP/JPY appears to be defending the October low (178.10) as the recent rebound in the exchange rate keeps the Relative Strength Index (RSI) out of oversold territory.
GBP/JPY Outlook
GBP/JPY may attempt to clear the series of lower highs and lows from earlier this week as it bounces back from a fresh monthly low (178.35), and the RSI may show the bearish...
Join Strategist David Song to cover the key event risk that could influence financial markets in the week ahead. Discuss major fundamental themes along with current market developments. @DavidJSong
USD/CHF trades to a fresh weekly low (0.8691) amid the reaction to the Federal Reserve interest rate decision.
USD/CHF Rate Outlook
USD/CHF may continue to give back the advance from the monthly low (0.8667) as it extends the series of lower highs and lows from earlier this week, with a break/close below 0.8590 (78.6% Fibonacci extension) raising the scope for...
All the attention will be on the FOMC's final policy decision of the year today, with no expectations of further tightening. The market's pricing of 125 basis point rate cuts in 2024 will be tested, and given the Fed's cautious approach, there's a likelihood that Powell and the team will resist these expectations during today's meeting. Whether the market will...
The price of gold remains under pressure after spiking to a fresh yearly high ($2147), with the weakness in bullion pulling the Relative Strength Index (RSI) from overbought territory.
Gold Price Outlook
The price of gold sits near the monthly low ($1976) as it weakens for the third consecutive day, with a break/close below the $1973 (78.6% Fibonacci...
Join Sr Technical Strategist Michael Boutros live for key technical levels and setups he’s tracking into the start of the week. Discuss upcoming major events and its impact on currencies, commodities and major equity indices.
GBP/JPY approaches the October low (178.10) as it marks a five-day selloff for the first time since July.
GBP/JPY Outlook
GBP/JPY appears to have reversed course following the failed attempts to test the November 2015 high (188.81), with the exchange rate extending the decline from the start of December to register a fresh monthly low (178.59).
The sharp...
AUD/JPY trades near the monthly low (96.27) after failing to hold within an ascending channel.
AUD/JPY Rate Outlook
AUD/JPY may attempt to retrace the decline from the monthly high (98.07) as it no longer carves a series of lower highs and lows, with a break/close above the 97.40 (61.8% Fibonacci extension) to 97.90 23.6% Fibonacci extension) region bringing...
USD/CHF extends the rebound from the monthly low (0.8667) to pull the Relative Strength Index (RSI) out of oversold territory.
USD/CHF Rate Outlook
USD/CHF snaps the series of lower highs and lows from last week, with a break/close above the 0.8760 (23.6% Fibonacci retracement) to 0.8770 (61.8% Fibonacci extension) region raising the scope for a move towards...
BTC/USD clears the May 2022 high ($40021) after breaking out of an ascending triangle, with the Relative Strength Index (RSI) climbing above 70 to indicate an overbought reading.
BTC/USD Outlook
BTC/USD extends the advance from the start of the month to register a fresh yearly high ($42154), with a break/close above the $41270 (100% Fibonacci extension) to...
GBP/JPY may stage further attempts to test the November 2015 high (188.81) as it tries to retrace the decline from the start of the week.
GBP/JPY Outlook
GBP/JPY registered a fresh monthly high (188.66) after failing to break/close below the 183.90 (50% Fibonacci retracement) to 184.80 (23.6% Fibonacci extension) region, and the recent weakness in the exchange...
