Forecasts & Analysis, Page 5

The Australian dollar continues to grind a little bit higher during the trading session on Wednesday, as we have seen a bit of a bottoming pattern for some time when it comes to the Aussie. There is nothing on this chart that change is that as I look at it.

Based on the early price action, the direction of the June Comex gold market the rest of the session is likely to be determined by trader reaction to the steep downtrending Gann angle at $1274.70.

Based on the early price action, the direction of the June WTI crude oil the rest of the session is likely to be determined by trader reaction to the steep uptrending Gann angle at $64.15.

Based on the early price action and the current price at 26398, the direction of the June E-mini Dow Jones Industrial Average futures contract is likely to be determined by trader reaction to the uptrending Gann angle at 26465. The market is also threatening to turn lower for the holiday-shortened

Based on the current price at 7725.50 and the early upside momentum, buyers could take a run at the uptrending Gann angle at 7756.00 and the October 3, 2018 main top at 7767.00. Overtaking 7767.00 will put the index in a strong position. This could trigger an acceleration to the

Today’s trading range is inside yesterday’s range. This suggests investor indecision and impending volatility. The simplest way to address this issue is to look for upside momentum to develop on a sustained move over yesterday’s high at 2921.25 and for a downside bias to develop on a sustained move under

Based on the early price action and the current price at 1.1303, the direction of the EUR/USD on Wednesday is likely to be determined by trader reaction to the uptrending Gann angle at 1.1294.

We’ve hit the time of the year when bullish traders will have to wait for the return of hot temperatures in order to generate any meaningful upside action.

The direction for gold today will likely be influenced by the direction of the U.S. Dollar, Treasury yields and U.S. equity prices. The U.S. Dollar is being primarily driven by the movement in the Euro. Treasury yields will be driven by expectations of continuing U.S. economic growth. Equities are being

What is in the economic calendar: Canadian Trade Balance and CPI data. What to trade: USD/CAD, EUR/CAD

June WTI crude oil will remain bullish as long as prices can hold above a key technical level at $63.48. June Brent crude oil is attempting to breakout over $71.77. If successful then this will also put the futures contract in a position to accelerate to the upside.

Dear Traders,The AUD currency basket acts exactly as planned. Today we have a possible upmove continuation in the AUD/JPY.Due to a higher demand in iron ore ( Australia exports to China) the AUD currency is getting stronger. The AUD/JPY POC zone is 80.05-20 and a pullback within the zone could

The USD/CAD may find a way to recover previous losses post-release of the bearish-expected Canadian CPI Core data. The Major 200-day SMA stood above the pair inviting more loonie bears.

Despite the somewhat bullish news for the USD/JPY, the price action is being muted by the light pre-holiday trade. However, if investors turn bullish later in the session then they are likely to use the former top at 112.137 as a springboard for a surge to the upside.

Almost all data released from China today managed to beat estimates, including industrial production and retail sales in March, which jumped 8.5% and 8.7%, respectively.

Based on the early price action and the current price at .7203, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the previous main top at .7207.

A very interesting price pattern is setting up in the financial sector that could lead to a very big move in the US & Global markets.

On the broader chart, the cable appeared to rebound from the lowest vicinity near 1.3036 levels. Brexit cross-party talks get underway slow progress.

The pair now awaits the Eurozone March CPI Core Reports. EUR/USD traded well above the significant 200-day SMA alluding a sustained uptrend.

The DAX saw a 5th consecutive day in the green, with the CAC40 up for a 6th consecutive day. Today’s stats out of China could rain on the parade…