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Gold Price Targets: Weekly Reversal Testing Resistance at Yearly High

Gold Price Targets: Weekly Reversal Testing Resistance at Yearly High

Gold prices are poised to mark the largest advance in six-weeks with price now challenging the yearly highs. Here are the levels that matter on the XAU/USD weekly chart.

2019-08-03
US Dollar Price Outlook: DXY Breakout vs Fed Rate-Cut – Trade Levels

US Dollar Price Outlook: DXY Breakout vs Fed Rate-Cut – Trade Levels

The US Dollar is approaching resistance at the yearly highs with major event risk on tap. Here are the levels that matter on the DXY weekly chart into the close of July.

2019-07-30
USD Uptrend Extends on GDP as GBP Suffers on Latest Brexit Woes

USD Uptrend Extends on GDP as GBP Suffers on Latest Brexit Woes

The US Dollar uptrend may extend after resistance was taken out on US GDP, Alphabet and Twitter earnings propelled the S&P 500 higher. GBP/USD is vulnerable to the latest Brexit woes.

2019-07-29
US Dollar Turns to GDP Data & Fed Rate Cut Bets

US Dollar Turns to GDP Data & Fed Rate Cut Bets

With US GDP data on deck for Friday's trading session, forex market participants will likely scrutinize the report for insight into the Fed's upcoming policy decision and its impact on the US Dollar.

2019-07-26
USD, JPY Could Rise as IMF Global GDP Outlook Gets Cut Again

USD, JPY Could Rise as IMF Global GDP Outlook Gets Cut Again

Anti-risk currencies like the US Dollar and Japanese Yen could catch a bid after the IMF's updated World Economic Outlook report revealed another cut to its global GDP forecasts for 2019 and 2020.

2019-07-24
Canadian Dollar Price Chart: USD/CAD Breaks Out – Loonie Trade Levels

Canadian Dollar Price Chart: USD/CAD Breaks Out – Loonie Trade Levels

The Canadian Dollar is on the defensive this week with price now attempting to break the monthly opening-range. Here are the levels that matter on the USD/CAD charts.

2019-07-23
Silver Price Chart: XAG Rally Rips to Resistance at Fresh Yearly High

Silver Price Chart: XAG Rally Rips to Resistance at Fresh Yearly High

Silver prices rallied nearly 15% off the yearly lows with the advance now eyeing a critical resistance zone. Here are the levels that matter on the XAG/USD weekly chart.

2019-07-23
USDCAD Eyes 2019 Lows, GBPUSD Rises on Short Squeeze - US Market Open

USDCAD Eyes 2019 Lows, GBPUSD Rises on Short Squeeze - US Market Open

USDCAD Eyes 2019 Lows, GBPUSD Rises on Short Squeeze - US Market Open

2019-07-11
GBPUSD Slides to Flash Crash Lows - US Market Open

GBPUSD Slides to Flash Crash Lows - US Market Open

GBPUSD Slides to Flash Crash Lows - US Market Open

2019-07-09
USD Rises on Firm NFP Report, 50bps Fed Rate Cut Bets Plunge

USD Rises on Firm NFP Report, 50bps Fed Rate Cut Bets Plunge

USD Rises on Firm NFP Report, 50bps Fed Rate Cut Bets Plunge

2019-07-05
New Zealand Dollar Price Chart: Kiwi Rally Testing 2019 Open

New Zealand Dollar Price Chart: Kiwi Rally Testing 2019 Open

Kiwi is the top performer against the US Dollar this week with a rally of nearly 2% into the June close. Here are the levels that matter on the NZD/USD price charts.

2019-06-29
Euro Weekly Price Outlook: EUR/USD Breakout Eyes Yearly Open into Q3

Euro Weekly Price Outlook: EUR/USD Breakout Eyes Yearly Open into Q3

Euro has rallied more than 2.7% off the yearly lows with the advance now testing initial resistance targets. Here are the levels that matter on the EUR/USD weekly chart.

2019-06-28
Sterling Dollar Price Chart: GBP/USD Recovery Fails at Yearly Open

Sterling Dollar Price Chart: GBP/USD Recovery Fails at Yearly Open

Sterling turned from yearly open resistance today & leaves the recent advance vulnerable into the June close. Here are the levels that matter on the GBP/USD price chart.

2019-06-26
Canadian Dollar Price Outlook: Loonie Gains Slam USD/CAD into Support

Canadian Dollar Price Outlook: Loonie Gains Slam USD/CAD into Support

An outside-weekly reversal in the Canadian Dollar cleared the monthly range last week. Here are the levels that matter on the USD/CAD price charts into the June close.

2019-06-25
US Dollar Index Weekly Price Outlook: USD Collapse Searches Support

US Dollar Index Weekly Price Outlook: USD Collapse Searches Support

The US Dollar Index is poised to mark an outside-weekly reversal with price now challenging the June range low. These are the levels that matter on the DXY weekly chart.

2019-06-22
Canadian Dollar Price Outlook: USD/CAD Recovery Eyes Trend Resistance

Canadian Dollar Price Outlook: USD/CAD Recovery Eyes Trend Resistance

The US Dollar recovery has put Loonie on the defensive with price now approaching a key inflection zone. Here are the levels that matter on the USD/CAD price charts.

2019-06-18
GBPUSD Bounces Off Key Trendline Support from Flash Crash Low - US Market Open

GBPUSD Bounces Off Key Trendline Support from Flash Crash Low - US Market Open

GBPUSD Bounces Off Key Trendline Support from Flash Crash Low - US Market Open

2019-06-17
Kiwi Weekly Price Outlook: NZD/USD Reversal to Threaten Yearly Lows

Kiwi Weekly Price Outlook: NZD/USD Reversal to Threaten Yearly Lows

Kiwi is down more than 2% this week with the pullback targeting major support just lower. These are the levels that matter on the NZD/USD weekly chart.

2019-06-14
US Dollar Rises on Retail Sales, Gold and JPY Gain on Safe-Haven Flows - US Market Open

US Dollar Rises on Retail Sales, Gold and JPY Gain on Safe-Haven Flows - US Market Open

US Dollar Rises on Retail Sales, Gold and JPY Gain on Safe-Haven Flows - US Market Open

2019-06-14
Euro Price Outlook: EUR/USD Breakout Stalls – Trade Levels to Know

Euro Price Outlook: EUR/USD Breakout Stalls – Trade Levels to Know

Last weeks breakout in Euro has fueled a nearly 2% rally with the advance stalling into slope resistance. Here are the levels that matter on the EUR/USD price charts.

2019-06-12
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