Page 11 - Technical Forecast News Today

Sterling snapped a three-week losing streak but the recovery remains vulnerable into the monthly close. Here are the levels that matter on the GBP/USD weekly technical.

The Nasdaq 100 index formed a “Double Bottom” chart pattern, which is commonly viewed as a bullish signal. The index looks set to challenge its all-time highs with upward momentum.

Gold prices put in a major breakout last month and, so far, buyers have held the line. But a really big Fed meeting is on the calendar for this week. Can Gold bulls hold?

The Chinese Yuan continues to weaken from a 3-year high, but USD/CNH downside may continue even amid rising US-Sino tensions.

US Dollar Technical Forecast: USD/SGD, USD/THB, USD/IDR, USD/PHP 2021-05-31 03:00:00 Daniel Dubrovsky, Strategist US Dollar, USD/SGD, USD/THB, USD/PHP, USD/IDR – ASEAN Technical Analysis US Dollar resumed decline against ASEAN currencies this past week USD/SGD eyeing early 2021 low, USD/THB may bounce on key SMA USD/IDR faces early May trough, will USD/PHP set new 2021 lows? Singapore Dollar Technical Outlook The US Dollar extended losses against the Singapore Dollar, with USD/SGD closing at ...

Nasdaq 100, Hang Seng Index Forecast: "Double Bottom" Signals Bullish Trend Reversal Nasdaq 100, HANG SENG index Technical Forecast: Bullish The Nasdaq 100 index has likely formed a “Double Bottom” following a bearish Gartley pattern This may result in a bullish trend reversal and lead the way to test its all-time high of 14,073 The Hang Seng Index (HSI) is challenging a key chart resistance after months of consolidation Chart by TradingView The Nasdaq 100 index been in a consolidative stat...

Canadian Dollar Forecast: USD/CAD Seven-Week Plunge Searches Support 2021-05-17 18:00:00 Michael Boutros, Strategist Canadian Dollar Technical Price Outlook: USD/CAD Weekly Trade Levels Canadian Dollar updated technical trade levels - Weekly Chart USD/CAD six-week breakdown plummets into technical support hurdle – Canada Inflation on tap Support objectives at 1.2048, 1.1919- Resistance 1.2247, bearish invalidation 1.2358 Advertisement The Canadian Dollar has plummeted more than 5% against the...

Nasdaq 100 Forecast: Bearish Gartley Pattern Hints at Downward Pressure Nasdaq 100 index Technical Forecast: BEARISH The Nasdaq 100 index has likely formed a bearish Gartley pattern - a classic harmonic configuration The MACD indicator formed a bearish crossover and pierced below the neutral midpoint, pointing to mounting downward pressure Chart by TradingView The Nasdaq 100 index has entered a consolidative mode since mid-April, falling more than 6% from its all-time high. The index formed a b...

Gold Price Forecast: Gold Bulls Re-Ignite Big-Picture Bullish Trend 2021-05-07 20:00:00 James Stanley, Senior Strategist Gold Price Technical Forecast: Bullish It was a big week for Gold prices as the yellow metal broke out to fresh two-month-highs. The big question is whether the big-picture bullish trend is coming back into order after a near nine-month-pullback. Advertisement But that pullback didn’t really stop, and, well, it still hasn’t, as prices remain more than 10% off of that all...

Nasdaq 100 Forecast: New Record High Eyed as Bullish "Head & Shoulders" Pattern Develops Nasdaq 100 index Technical Forecast: Bullish The Nasdaq 100 index has likely entered a minor correction, but the medium-term bull trend remains intact A bullish inverse “Head and Shoulders” chart pattern remains in focus despite a short-term pullback Further development of the “H&S” formation may hint at further price gains with an eye on 14,386 The Nasdaq 100 index entered a brief consolidation pe...