TechnoMeter

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.



Euro Forecast: Bottoming Efforts Under Way in Several Crosses
The Euro has seemingly halted its decline since early-October, setting the stage for bottoming efforts in several EUR-crosses, including EUR/USD.



Equities Forecast: Technical Forecast for the S&P 500, Dow Jones, DAX 30 & FTSE
Last week was a wild one and next could be too, but volatility may diminish a bit as long as support levels hold.



Gold Forecast: Price Breakout Approaching Initial Targets
A breach above the November range takes gold prices near five-month highs. Here are the targets & invalidation levels that matter on the XAU/USD charts next week.

Oil Forecast: WTI Holds Near $50/bbl; Bounce May Very Well Be Bull Trap
A sharp drop appears to have found support near $50/bbl. despite increasingly worrisome signs about global demand in 2019 possibly indicating a short-term low is in place.

more...