Euro Weekly Price Outlook: EUR/USD Recovery Could be Short Lived Euro turned just ahead of resistance this week with the price consolidation coiling into the April range. Here are the levels that matter on the EUR/USD weekly chart. Crude Oil Weekly Technical Forecast: Support May Soon Lead to Rally Crude oil took a spill last week, but with support at its feet look for it to try and bounce after a bit more weakness first. ...
Last week’s strong closing candle is coming from a big area with long-term implications. The head-and-shoulders top I’ve been discussing for months had its neckline thoroughly tested after it broke in October. Retests are a common occurrence for these types of patterns before their full bearish potential is realized. In confluence with the neckline is the decisively falling 200-day MA, the underside of the 2011 trendline which was also ...
Australian Dollar Forecast: AUD/USD, AUD/JPY and EUR/AUD Trend Lines Broken Fading momentum in the Australian Dollar preceded losses against the greenback, Japanese Yen and Euro. With trend lines broken, AUD/USD, AUD/JPY and EUR/AUD may extend their reversals. British Pound Forecast: Sterling Remains Weak Both the four-hour and daily GBP/USD chart point to lower prices ahead with a re-test of the 1.2660 low on the cards. ...
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