Forex Technical Analysis

November 2017

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    COT: Oil Speculators’ Record Week, Euro Traders Stay Long and Strong

COT: Oil Speculators’ Record Week, Euro Traders Stay Long and Strong

By |November 20th, 2017|

Large speculators in crude oil continue furious pace of buying, pushing net-long to a new record; euro traders remain steadily long as technicals start to turn more favorable.

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NZD/USD Technical Analysis: Six-Month Support Gives Way

By |November 20th, 2017|

The New Zealand Dollar has broken support that has been holding it up since mid-May, hinting that deeper losses against the currency’s US namesake area ahead.

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    EUR/USD Weekly Technical Analysis: Euro Shorts Getting Sweaty Palms

EUR/USD Weekly Technical Analysis: Euro Shorts Getting Sweaty Palms

By |November 18th, 2017|

Last week was a pivotal one, with the euro blasting through the ‘neckline’ of a widely-watched ‘H&S’ pattern; putting shorts on notice, while providing a lifeline to longs.

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S&P 500 Goes Into the Weekend With Mixed Trading Bias

By |November 18th, 2017|

The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.

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S&P 500, Dow Jones Price Sequences Leave Market in Limbo

By |November 18th, 2017|

U.S. equities looked ready to roll over from bearish sequences and pick up momentum, but short-term strength has brought that into question; a couple of scenarios to watch moving forward.

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EUR/GBP Technical Analysis: Down Trend Preparing to Resume?

By |November 18th, 2017|

The Euro recoiled from familiar range resistance above the 0.90 figure against the British Pound, with prices flirting with a revival of the down started in late August.

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    Crude Oil Drops On Inventory Build, OPEC Plans but Trend May Continue

Crude Oil Drops On Inventory Build, OPEC Plans but Trend May Continue

By |November 17th, 2017|

Crude Oil prices seem to be well supported with potential short squeezes on the horizon with multiple geopolitical risks and tightening physical market signs developing.

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    CAD Trades Like Petrocurrency Again Right When Oil Concerns Mount

CAD Trades Like Petrocurrency Again Right When Oil Concerns Mount

By |November 17th, 2017|

Canadian Dollar weakness has reversed course after running away in late October, but the trend appears to favor a resumption of USD/CAD trending higher above 1.2451.

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    USD/JPY Showing Failure to Launch as Commodities Sag on Sentiment

USD/JPY Showing Failure to Launch as Commodities Sag on Sentiment

By |November 17th, 2017|

USD/JPY continues to brush off short-term gains to trade below within 2% of the highest level since March, and has recently been driven by the drop in commodity prices.

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Pound May Trade Higher Based on Bullish Trading Bias

By |November 17th, 2017|

The combination of current sentiment and recent changes gives us a stronger GBPUSD-bullish contrarian trading bias.

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