Page 3 - Technical Forecast News Today

While the weekly USD candle showed indecision an extreme trend remains in-place and hasn't yet shown indication of breaking down.

The S&P 500 marked an outside-day reversal off a critical support zone- threatens a larger bear market recovery ahead. Levels that matter on the SPX500 technical charts.

USD/JPY is above the 145—“line in the sand”—level, which puts Japan’s Ministry of Finance and Bank of Japan up against short traders. Asia-Pacific markets look set to close the week lower after overnight USD strength.

The Australian Dollar is in focus ahead of Chinese PMI data following a downbeat session on Wall Street. A beat on the data may help revive sentiment. The Reserve Bank of India is also in focus to close out the week.

The odds that the US Dollar gained the most since March 2020 last Friday, the odds of that happening were about 0.1%. With new 2002 highs in sight, where too for DXY next?

The US Dollar climbed last week but was unable to resume the uptrend. Still, the broader technical posture remains cautiously bullish, with a rectangle chart pattern brewing.

The ASX 200 and Nikkei 225 indices have pulled back sharply this week so far. Is there more to come in the coming sessions?

Gold prices leveled this past week following persistent losses in August as traders established support. Silver is making a more aggressive push. What are key levels to watch ahead?

The US Dollar rallied 0.7% for a third weekly advance with DXY approaching uptrend resistance early in the month. The levels that matter on the weekly technical chart.

It was a wild week in the US Dollar but bulls continue to brew as Powell takes another hawkish step. The bigger question is whether EURUSD will plunge far below parity.