Weekly Technical Forecast: Equities, Crude, Currencies Signal Tentative Reversal

2019-02-11 01:00    Paul-Robinson

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Australian Dollar Forecast – Australian Dollar Strength Falls Apart, Can AUD/CAD Breakout Last?

Strength in the Australian Dollar fell apart, but confirmation is needed before arguing AUD/USD may extend declines. AUD/NZD consolidation held while AUD/CAD attempts a breakout.

Oil Forecast – Bullish Backdrop Remains Despite Weekly Drop

Crude remains above the technically significant $50/bbl while traders are watching a bullish chart pattern and a potential larger supply disruption in Venezuela than previously feared that could support price.

British Pound Forecast –GBP Down But Not Out

Sterling-pairs have had a mixed week with GBPUSD breaking through support before starting to reclaim some of its weekly losses.

US Dollar Forecast –Dollar Matches Longest Climb Since November 2016, Is it a Trend?

A seven-day rally for the Dollar was an impressive stretch through this past week, but it hasn’t put the currency in a position to trigger breakouts or establish trends. What levels and pairs should we watch in the week ahead?

Gold Forecast – XAU Breakout Stalls at Resistance

Gold is carving a monthly opening-range just below Fib resistance and keeps the price breakout vulnerable. Here are the levels that matter on the XAU/USD weekly chart

Euro Forecast - Euro to Bounce off Support Next?

The Euro traded lower last week off resistance, next week could bring a thorough test and bounce off support; a break below would be reason to finally gear up for a momentum move.

Equity Forecast –S&P 500, DAX, FTSE MIB

S&P 500 saw limited follow through above 2700, key support at 2675. Heavy selling in the DAX on at the backend of the week. FTSE MIB on course for 19000.


Crude Oil

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