EURUSD Forecast December 4, 2015, Technical Analysis
The EURUSD pair initially fell during the day on Thursday, but then rocketed to the upside to crash into the bottom of the uptrend line that had previously made the ascending triangle.
ETF
AUDUSD Forecast December 4, 2015, Technical Analysis
The AUDUSD pair initially fell during the day but then turned back around as we continue to see the strength in the Australian dollar.
Silver Breaking Up AsTechnical Fissures Appear
Whilst the spotlight of the metals complex generally focuses on gold whose demise has been relentless, silver too is following the same path lower, and whilst yesterday’s price action for the industrial metal was less dramatic than for gold, the price action this morning has opened up the same technical weakness now self apparent on the daily gold chart.
Oil Prices Driven Lower On Fundamentals And Technicals
These are interesting times for oil traders and speculators with Friday’s OPEC meeting in Vienna now on the horizon, and the question that will then be answered is whether the group will cut output to stem the supply glut that is now increasingly having to be held offshore around the oceans of the world.
AUDUSD Ascending Trend Line Dec 3, 2015
AUDUSD has been moving in a steady uptrend, trading above an ascending trend line connecting the latest lows of price action. Price recently made a swing high near the .7350 minor psychological level before showing signs of a pullback.
EURUSD Forecast December 2, 2015, Technical Analysis
The EURUSD pair rallied during the day on Tuesday, bouncing above the 1.06 handle.
AUDUSD Forecast December 2, 2015, Technical Analysis
The AUDUSD pair broke higher during the day on Tuesday, clearing the 0.73 level.
YM emini Tip Toes Through Key Resistance
For US equity markets, and the YM emini in particular, it is the daily chart which has focused the mind over the last few weeks, and the prospect of whether or not the sustained resistance level that has developed in the 17,850 region would be breached, or whether this would ultimately cap the Santa Claus rally and bring it to a shuddering halt.
The Argument Against A Rate Hike
The Federal Reserve’s upcoming December meeting is likely to result in an interest rate hike; the majority of analysts are expecting the bank to make a move.
EURUSD Forecast December 1, 2015, Technical Analysis
At this point in time, we believe it’s pretty much a foregone conclusion that the market is going to reach down to the 1.05 handle. However, there isn’t much in the way of room between here and there so we believe that shorting this market off of short-term time frames will be about the only way to go.