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The US Dollar weakened for the third consecutive week, with the DXY index dropping 0.86%. Now, the Greenback faces technical support that may end the trend lower.
Pound Technical Forecast: GBP/USD, What to Watch Following Big Pop 2021-04-20 12:30:00 Paul Robinson, Strategist GBP/USD Technical Outlook Bull-flag coming into view that could soon trigger A breakdown to 13500 would still leave longer-term outlook intact Advertisement Pound Technical Forecast: GBP/USD, What to Watch Following Big Pop Last week, I noted that the chart of GBP/USD was looking increasingly bullish with the development of a bull-flag at support. Yesterday’s pop broke price out of the pattern and above the 13919 resistance level from earlier in the month. Things are looking up f...
Nasdaq 100 Forecast: Inverse "Head and Shoulders" Pattern Hints At Upside Potential Nasdaq 100 index Technical Forecast: Bullish The Nasdaq 100 index resumed its upward trajectory, aiming to challenge its record highs Prices have formed a typical inverse “Head and Shoulders” chart pattern, which serves as a strong bullish indicator A completed pattern may hint at further price gains with an eye on 14,386 The Nasdaq 100 index ended a consolidation period and has resumed its upward trajectory since early April. Prices formed a typical inverse “Head and Shoulders” (H&S) pattern from mid...
US Dollar Technical Forecast: USD/SGD, USD/THB, USD/PHP, USD/IDR 2021-04-09 03:00:00 Daniel Dubrovsky, Strategist US Dollar, USD/SGD, USD/THB, USD/PHP, USD/IDR – ASEAN Technical Analysis US Dollar remains fairly quiet against most ASEAN FX USD/SGD range trading in focus, USD/THB may climb USD/PHP eyeing triangle, USD/IDR momentum fading Singapore Dollar Technical Outlook The US Dollar continues to struggle in making further upside progress against the Singapore Dollar despite USD/SGD pushing above a falling zone of resistan...
US Dollar Technical Forecast: USD/SGD, USD/THB, USD/PHP, USD/IDR 2021-04-08 04:00:00 Daniel Dubrovsky, Strategist US Dollar, USD/SGD, USD/THB, USD/PHP, USD/IDR – ASEAN Technical Analysis US Dollar remains fairly quiet against most ASEAN FX USD/SGD range trading in focus, USD/THB may climb USD/PHP eyeing triangle, USD/IDR momentum fading Singapore Dollar Technical Outlook The US Dollar continues to struggle in making further upside progress against the Singapore Dollar despite USD/SGD pushing above a falling zone of resistan...