Tag Archives: Analyst Picks

EUR/AUD Bearish Set-up, USD/CAD Has Upside Potential

Check out the DailyFX Q3 Euro Forecast for our intermediate-term fundamental and technical perspective. EUR/AUD broken range retest, bear-flag forming EUR/AUD underwent brutal range trading conditions from late June into the early-part of this month. That was snapped with the big down day on 8/3, which has been recently followed up by a retest of the underside of the range.

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Oversold, but in Need of Bullish Price Action

Gold/Silver technical highlights: Gold oversold, but finding minor support unsupportive Sentiment is at a one-way extreme Fresh shorts lose appeal, longs need proper price action Silver lacking strong support, spike risk climbing For an in-depth intermediate-term technical and fundamental outlook, check out the Q3 Gold Forecast. Gold oversold, but finding minor support unsupportive Another round of consolidation has led gold

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Pending Short AUD/USD, Awaiting Australian Jobs Report to Pass

AUD/USD Trading Strategy: Pending Short A relatively hawkish Fed compared to the RBA offers bearish AUD/USD fundamentals However, Australian Dollar prices are not at an optimal level for a short setup for now A temporary rebound in AUD/USD on local jobs data may push prices to a better level Build confidence in your own AUD/USD strategy with the help of

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Dow Digs into Support, But Will Bulls Respond?

Dow Jones Talking Points: – US equities are continuing to pullback after establishing fresh highs just last week. The ‘s2’ support zone we looked at last Thursday has come into play, helping to form support yesterday and again this morning. But – resistance is playing off of the ‘s1’ zone that we had previously looked at, and the inability of

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DAX Technical Update – Long-term Trend-line Met, Now What?

DAX Technical Highlights: DAX drops down to long-term trend support Bottom and top-side t-lines converging/H&S potential Price action not giving good cues in the near-term For the intermediate-term fundamental and technical outlook for the DAX & Euro, check out the DailyFX Q3 Forecasts. In last week’s DAX tech update, we were focused on a technical formation on the hourly chart

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Bounce May Precede Deeper Losses

AUD/USD Technical Strategy: NET SHORT AT 0.7547 Australian Dollar range break hints downtrend to resume RSI divergence warns bounce may precede next down leg Waiting for upswing or re-acceleration to scale up short See our free guide to get help building confidence in your AUD/USD trading strategy! The Australian Dollar looks set to resume the downtrend against its US counterpart

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