US Dollar gains again!
US Dollar Index breaks up (DXY forecast) Euro and Pound breakdown (EURUSD and GBPUSD forecasts) US Dollar-Yen reverses lower (USDJPY forecast)
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US Dollar Index breaks up (DXY forecast) Euro and Pound breakdown (EURUSD and GBPUSD forecasts) US Dollar-Yen reverses lower (USDJPY forecast)
Global currency markets were in consolidation, ahead of:
Positive US Dollar Index (DXY forecast) US Dollar-Yen attacks major support (USDJPY forecast)
US Dollar Index downtrend ends, for now Aussie, Kiwi and CAD underperform
Negative US Dollar-Yen (USDJPY forecast) Euro holds support (EURUSD forecast)
Shaun Downey, expert technical analyst, looks at what the charts are telling him about the current fears gripping financial markets. Remember Shaun’s great call for Gold back at the end of January. Gold and Silver trends remain bullish!
US Dollar Index Gains (DXY forecast) EuroYen breaks up (EURJPY forecast) Aussie reaches major downside target (AUDUSD forecast)
Gold bearish engulfing candle on the daily chart & then the weekly chart suggested the 3 month rally in Gold just ended. Silver huge bearish engulfing candle on the weekly chart is a sell signal as we take out all the candles for the 7 weeks last week. WTI Crude April unexpectedly recovered all of … Continued
AUDUSD rejected the 100 week & the 500 day moving averages at 7160/80 & collapsed through support at 7060/50 on Friday for a sell signal targeting 6990/80 & 6930/20. A low for the day exactly here in fact. This is key 23.6% Fibonacci & 3 month trend line support at 6930/10. Longs need stops below … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 30/01/23 German GDP; EU Consumer Confidence 31/01/23 China PMI; German Retail Sales; EU GDP; German CPI; US Consumer Confidence 01/02/23 EU CPI; global Manufacturing PMI from S&P Global; US ISM Manufacturing PMI; FOMC interest rate decision 02/02/23 BoE interest rate decision; … Continued
AUDUSD we will stick with buying at support until it looks like we have a sell signal. Good support at 7065/60 (although we did not reach here yesterday). Longs need stops below 7045. Target is 7115/20 then 7160/65. A break below 7045 however risks a slide to to strong support at 7010/00. Longs need stops … Continued
Dax 40 March is forming a sideways consolidation as volatility decreases, which is normal in both a bull & bear trend. We do not know how long this process will take but there is definitely no sell signal at this stage. FTSE 100 March holding a 3 day range from 7710 up to 7780. Remember … Continued
Emini S&P March – It’s make or break for Emini S&P today as we test: The 1 year 38.2% Fibonacci resistance at 4000 The 5 month 61.8% Fibonacci resistance at 4012. The 1 year downward sloping trend line at 4020. In overbought conditions. Even on the short term charts, taking my Fibonacci levels from the … Continued
Gold broke through resistance at 1878/88 & has cleared 1895 for a buy signal targeting 1905 & 1915, perhaps as far as 1925. A nice move last week at the end of the week as we beat 1895 reaching 1921/22 on Friday. Silver in a consolidation after 3 months of gains as we wait for … Continued
Yen retraces to break point (USDJPY forecast) Aussie breaks up (AUDUSD forecast)
Dollar-Yen breaks up (USDJPY forecast) Aussie breaks down (AUDUSD forecast)
Pound fails at significant resistance barrier (GBPUSD forecast) Yen posts major buy signal (USDJPY forecast)
Euro-Pound hits upside target (EURGBP forecast) Cable rebound still caped by resistance (GBPUSD forecast) Minor supports form for commodity currencies, but still vulnerable (AUDUSD, NZDUSD and USDCAD forecasts)
US Dollar Index breaks up (DXY forecast) Euro & Pound break down (EURUSD & GBPUSD forecasts) Dollar-Yen posts negative (USDJPY forecast) Euro-Pound and Dollar-CAD continue uptrends (EURGBP & USDCAD forecasts)