ETH/USD takes out the September low ($1532) as it extends the decline from the start of the month.
ETH/USD Outlook
ETH/USD snapped the opening range for October after testing the 50-Day SMA ($1665), and Ethereum may continue to give back the advance from the March low ($1371) if it tracks the negative slope in the moving average.
Need a break/close below the...
The price of gold approaches the former support zone around the August low ($1885) as it clears the opening range for October.
Gold Price Outlook
The price of gold appears to have reversed ahead of the February low ($1805) as it carves a series of higher highs and lows, with a break/close above the $1886 (23.6% Fibonacci extension) to $1896 (61.8% Fibonacci...
The USD/CNH has been consolidating near the previous year’s high of 7.3450. But over the next week or so, there will be lots of key data releases from both the US and China to move this pair decisively. The key support level to watch is at 7.2700. A break below this level is needed to ignite some real selling pressure.
FOMC meetings minutes
Wednesday, October...
The price of oil may attempt to retrace the decline from the monthly high ($91.88) as crude trades back above the 50-Day SMA ($85.17).
Crude Oil Outlook
The price of oil holds steady after gapping higher at the start of the week, but a close above the $85.70 (38.2% Fibonacci extension) to $86.60 (38.2% Fibonacci retracement) region opens up $88.20 (50%...
USD/ILS may stage further attempts to test the January 2016 high (3.9888) as the Relative Strength Index (RSI) flirts with overbought territory.
USD/ILS Outlook
USD/ILS breaks out of the range bound price action from earlier this month to register a fresh yearly high (3.9842), and the exchange rate may track the positive slope in the 50-Day SMA (3.7899) as...
GBP/JPY bounces back ahead of the July low (176.33) to snap the recent series of lower highs and lows, but the exchange rate may face range bound conditions if it fails to climb above the 50-Day SMA (183.31).
GBP/JPY Outlook
GBP/JPY consolidates after struggling to close below the 179.40 (23.6% Fibonacci retracement) to 179.70 (61.8% Fibonacci extension)...
The GBP/USD fell more than 7.5% from its high in Q3 to its lowest point last week. At the start of Q4, it has enjoyed a bit of a relief rally, as US bond yields, crude oil and the dollar have all taken a back seat, ahead of Friday’s jobs report. While we can’t rule out the possibility of a sharper oversold bounce in the coming weeks, we think that the upside will...
The price of gold has come up against channel support after falling for seven consecutive days.
Gold Price Outlook
The recent selloff in the price of gold has pushed the Relative Strength Index (RSI) into oversold territory for the first time in 2023, and bullion may face a further decline as long as the oscillator holds below 30.
Failure to defend the March...
The price of oil carves a series of lower highs and lows as it continues to pullback from the yearly high (95.03), but crude may attempt to track the positive slope in the 50-Day SMA ($84.74) as it holds above the moving average.
Crude Oil Outlook
The price of oil appears to have reversed ahead of the August 2022 high ($98.65) as it slips to a fresh weekly low...
BTC/USD trades back above the 50-Day SMA ($27380) to clear the September high ($$27491), and Bitcoin may attempt to retrace the decline from the August high ($30200) as the Relative Strength Index (RSI) pushes to its highest level since July.
BTC/USD Outlook
The lack of response to the negative slope in the moving average may lead to a further advance in...
AUD/JPY approaches the monthly high (96.07) as it snaps the series of lower highs and lows from the start of the week.
AUD/JPY Rate Outlook
AUD/JPY holds above the 50-Day SMA (94.44) after breaking out of the descending channel from earlier this year, with a break/close above the 95.30 (50% Fibonacci extension) to 96.10 (78.6% Fibonacci retracement) region...
The price of gold takes out the August low ($1885) as it continues to trade within the downward trending channel from earlier this year.
Gold Price Outlook
The price of gold appears to have reversed ahead of the September high ($1953) as it trades back below the 50-Day SMA ($1931), and bullion may track the negative slope in the moving average as it trades to...
The same themes weighing on risk sentiment in recent weeks, namely the rising US dollar and elevated global bond yields, were at it again today. We saw the EUR/USD get closer to the 1.05 handle, USD/JPY neared 150.00 and gold broke $1885 to reach its lowest level since March. Stock markets were coming off their earlier highs. Today we are looking at the USD/CHF as...
The price of oil consolidates after registering a fresh yearly high ($92.43) last week, but the move below 70 in the Relative Strength Index (RSI) may accompany a near-term pullback in crude to mirror the price action from earlier this year.
Crude Oil Outlook
The price of oil is little changed from the start of the week as it bounces back from a fresh weekly...
BTC/USD reversed ahead of the June low ($24763) to register a fresh monthly high ($27491) during the previous week, but Bitcoin may track the negative slope in the 50-Day SMA ($27674) as the recovery from the monthly low ($24922) stalls ahead of the moving average.
BTC/USD Outlook
BTC/USD struggles to hold its ground after failing to push back above the $27470...
GBP/JPY trades to a fresh monthly low (180.82) after failing to push back above the 50-Day SMA (183.26), with recent developments in the 50-Day SMA (183.26) warning of a potential change in trend as the moving average no longer reflects a positive slope.
GBP/JPY Outlook
Failure to retain the range-bound price action from earlier this week may lead to a further...
With all the Fed and other major central banks out of the way now, we have seen a sharp sell-off in stocks and bonds, and to a lesser degree gold, while yields and the dollar have risen.
The precious metal has shown some signs of life off late, due largely to haven demand with investors evidently starting to disliking equities amid valuation concerns and as...
The S&P500 trades to a fresh monthly low (4398) after struggling to hold above the 50-Day SMA (4485), and the index may continue to give back the advance from the August low (4335) amid the flattening slope in the moving average.
S&P500 Index Outlook
The S&P500 is under pressure following the string of failed attempts to push back above the 4510 (100%...
