Sterling Technical Forecast: GBP/USD Recovery at Risk
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.
Source: dailyfx.com
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Nasdaq 100 Index Forecast: Eyeing All-Time Highs after "Double Bottom" Formation
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.
Source: dailyfx.com
Gold Price Forecast: XAU/USD Breakout Holds Through CPI
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?
Source: dailyfx.com
Chinese Yuan Forecast: USD/CNH May Surrender Gains Despite Rising US-Sino Tensions
The Chinese Yuan continues to weaken from a 3-year high, but USD/CNH downside may continue even amid rising US-Sino tensions.
Source: dailyfx.com
US Dollar Technical Forecast: USD/SGD, USD/THB, USD/IDR, USD/PHP
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 its lowest since late February on the daily chart below. Prices also took out the 78.6% Fibonacci re...
Source: dailyfx.com