Chart Trading AI

Trendline Break to Facilitate a Test of 1.3500 Support?

USD/CAD PRICE, CHARTS AND ANALYSIS: Read More: The Bank of Canada: A Trader’s Guide USDCAD Continues its slide today helped by a weaker US Dollar and a rebound in Oil prices. Having broken the ascending trendline on Friday the selloff has gathered a bit more momentum but faces some technical hurdles ahead. Despite more uncertainty […]

GBP Price Action Setups: GBP/USD, EUR/GBP, GBP/AUD

GBP PRICE, CHARTS AND ANALYSIS: Read More: S&P 500, NAS 100 Make a Tepid Start to the Week, Where to Next? Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter GBP OUTLOOK The GBP and Cable in particular has had a mixed […]

Gold Prices Defy Pivotal Technical Resistance, AUD/USD Attempts Bullish Breakout

GOLD PRICE (XAU/USD), AUD/USD FORECAST: Gold prices climb and challenge technical resistance on the back of falling U.S. yields and U.S. dollar softness AUD/USD also pushes higher, breaking above its 200-day simple moving average This article looks at key technical levels to watch on XAU/USD and AUD/USD this week Most Read: US Dollar Forecast – […]

EUR Weakens on German GDP

EUR/USD ANALYSIS Mixed euro area inputs are providing no firm guidance as to the path forward. German Ifo business climate report and ECB officials under the spotlight. EUR/USD consolidating in anticipation of fundamental catalysts. Elevate your trading skills and gain a competitive edge. Get your hands on the Euro Q4 outlook today for exclusive insights […]

Gold Tests $2k, GBP/USD, EUR/USD Pop, USD Sags

Market Week Ahead: Gold Tests $2k, GBP/USD, EUR/USD Pop, USD Sags Markets remain risk-on with a range of US equity markets posting fresh multi-month highs. The VIX ‘fear gauge’ is at lows last seen at the start of 2020 and has fallen in excess of 46% from its late-October spike high. The growing feeling that […]

DAX 40, Nasdaq 100 on Track for Fourth Straight Week of Gains while FTSE 100 Lags

Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, Nasdaq 100 – Analysis and Charts ​​​FTSE 100 continues to be side-lined ​The FTSE 100 continues to be range bound below the 55-day simple moving average (SMA) at 7,505. Despite UK consumer confidence rising in November a negative bias has been seen since […]

Japanese Inflation (MoM) Accelerates to 10-Year High, USD/JPY Holds Firm

Japanese Yen News and Analysis Month on month Japanese inflation rose at its fastest pace in 10 years Extreme short yen positioning yes to be tested during thin, holiday affected trading USD/JPY on track for a flat two-day period ahead of Thanksgiving weekend The analysis in this article makes use of chart patterns and key […]

Gold (XAU/USD) Price Setting Up for a Re-Test of Multi-Month Highs

Gold (XAU/USD) Analysis, Prices, and Charts Gold looking to push higher despite quiet conditions. Gold ignoring higher US bond yields. Recommended by Nick Cawley Traits of Successful Traders DailyFX Economic Calendar Gold is edging higher in a quiet market and looks ready to re-test both $2,000/oz. and the recent multi-month high at a fraction under […]

US Dollar Index (DXY) Unfazed as Business Activity in the US Held Firm

US PMI KEY POINTS: S&P Global Composite PMI Flash (Nov) Actual 50.7 Vs Previous 50.7. S&P Global Manufacturing PMI Flash (Nov) Actual 49.4 Vs Forecast 49.8. S&P Global Services PMI Flash (Nov) Actual 50.8 Vs Forecast 50.4. Employment Declined at US Service Providers and Manufacturers in November for the First Time Since Mid-2020 Amid Tepid […]