Technical Analysis

us-greenback-forecast:-dxy-index,-usd/jpy-slip-after-july-fomc-minutes

18 Aug: US Greenback Forecast: DXY Index, USD/JPY Slip After July FOMC Minutes

US Dollar Outlook:The US Dollar (via the DXY Index) has given up its gains after the release of the July FOMC meeting minutes.Directional biases are difficult to ascertain in both the DXY Index and USD/JPY rates as momentum indicators offer conflicting views.The IG Client Sentiment Index suggests that USD/JPY has a bullish bias in the…

germany-40-ig-consumer-sentiment:-our-knowledge-exhibits-merchants-at-the-moment-are-net-long-germany-40-for-the-primary-time-since-jul-29,-2022-when-germany-40-traded-close-to-13,54140.

18 Aug: Germany 40 IG Consumer Sentiment: Our knowledge exhibits merchants at the moment are net-long Germany 40 for the primary time since Jul 29, 2022 when Germany 40 traded close to 13,541.40.

Number of traders net-short has decreased by 16.63% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI Germany 40 BEARISH 51.22% 48.78% 35.69% Daily 29.68% Weekly -24.52% Daily -16.63% Weekly -2.32% Daily 2.04% Weekly Germany 40: Retail trader data shows 51.22% of traders are net-long with the…

australian-greenback-technical-evaluation:-aud/jpy,-aud/usd-charges-outlook

18 Aug: Australian Greenback Technical Evaluation: AUD/JPY, AUD/USD Charges Outlook

Australian Dollar Outlook:AUD/JPY rates continue to consolidate in a potential bull flag, which has been in place since the middle of June.On the other hand, AUD/USD rates lost their recent uptrend, suggesting a retest of the August low may not be far away.According to the IG Client Sentiment Index, AUD/JPY rates have a bullish bias…

gold-worth-quick-term-technical-outlook:-gold-rally-rejected-at-resistance

18 Aug: Gold Worth Quick-term Technical Outlook: Gold Rally Rejected at Resistance

Gold Technical Price Outlook: XAU/USD Short-term Trade LevelsGold price updated technical trade levels – Daily & Intraday ChartsXAU/USD rally rejected at downtrend resistance- August range breakout pending New to Gold Trading? Get started with this Free How to Trade Gold -Beginners GuideGold prices plunged more than 2% since the start of the week with XAU/USD…

silver-worth-forecast:-pullback-dictated-by-us-actual-yields-–-ranges-for-xag/usd

18 Aug: Silver Worth Forecast: Pullback Dictated by US Actual Yields – Ranges for XAG/USD

Silver Price Outlook:Silver prices have abruptly reversed, turning lower at a cluster of important Fibonacci retracements that were formerly support.A rebound in US real yields and a stronger US Dollar are proving problematic in the near-term for silver prices.However, recent changes in sentiment suggest that silver prices have a bullish bias.Real Yields, US Dollar Rebound…

usd/cad-technical-outlook:-larger-ranges-seem-possible-in-close-to-term

18 Aug: USD/CAD Technical Outlook: Larger Ranges Seem Possible in Close to-term

USD/CAD Technical OutlookUSD/CAD bounce off the 200-day has wedge break in playHigher levels could be support by a stock market pullbackUSD/CAD Technical Outlook: Higher Levels Appear Likely in Near-termUSD/CAD tagged the 200-day moving average last week, and is now trying to rise up out of a bullish-looking descending wedge. The initial turn off the 200-day…

crude-oil-worth-forecast:-new-month-to-month-lows-as-downtrend-prevails

17 Aug: Crude Oil Worth Forecast: New Month-to-month Lows as Downtrend Prevails

Crude Oil Outlook:Crude oil prices can’t seem to catch a bid, setting freshly monthly lows in today’s session.The downtrend from the June and July swing highs remains in place, but support may be nearing around 85.41, the October 2021 high.According to the IG Client Sentiment Index, crude oil prices have a mixed bias in the…