Silver Price Forecast: New Yearly Lows After Symmetrical Triangle Breaks
Silver prices broke out of multi-week symmetrical triangle to the downside as anticipated, falling to fresh yearly lows.
Source: dailyfx.com
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Euro Forecast: ECB Reveals Anti-Fragmentation Measures – Setups for EUR/GBP, EUR/JPY, EUR/USD
EUR/JPY and EUR/GBP rates are still in bullish breakout territory, while EUR/USD rates remain rangebound.
Source: dailyfx.com
Gold Price Forecast: Edging Towards Triangle Support
Gold prices have edged lower in recent days, descending towards symmetrical triangle support in place since the end of April.
Source: dailyfx.com
Weekly Fundamental US Dollar Forecast: Fading Rate Hike Odds Bode Poorly
The US Dollar (via the DXY Index) will likely be reminded of the US economy’s weak growth environment in the coming days.
Source: dailyfx.com
Crude Oil Price Forecast: Was That a Failed Bearish Breakout?
Crude oil prices have returned into their bullish triangle.
Source: dailyfx.com