The Australian Dollar longer-term outlook remains bullish however, the cyclically-sensitive currency could slip lower against the US Dollar and Japanese Yen in the short term ahead of the RBA inter.
US Dollar Price Analysis: AUD/USD, EUR/USD, NZD/USD, USD/CAD
2020-12-29 03:00:00
Daniel Moss,
Analyst
US Dollar, AUD/USD, EUR/USD, NZD/USD, USD/CAD – Talking Points:
Ascending Channel guiding EUR/USD rates higher.
NZD/USD gearing up to retest the yearly high.
Descending Channel capping USD/CAD’s upside potential.
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As mentioned in previous reports, the anti-risk US Dollar may continue to lose ground against its major counterparts, as long-term price analysis suggests a cyclical downturn is in the offing. Here are the key levels to watch for AUD/USD, EUR/USD, NZD/USD and USD/CAD rates.
Gold Price Forecast: Downtrend Remains, but Looks like a Bull Flag - Levels for XAU/USD Advertisement
Gold prices remain in their multi-month downtrend, but budding bullish momentum on the daily timeframe necessitates other considerations, like a breakout to all-time highs in 2021.
Gold prices are trading between the 23.6% and 38.2% Fibonacci retracements of the 2020 low/high range at between 1836.97 and 1928.05.
According to theIG Client Sentiment Index, gold prices have a bearish outlook.
Gold Price Action Stabilizes
Gold prices have had a rocky week, thanks in part to the bevy of headlines over the weekend regarding Brexit and a US fiscal stimulus deal. Even as a Brexit deal has come in and out of reach in the past 72-hours, and outgoing US President Donald Trump has threated to veto the US fiscal stimulus deal, traders seem unconcerned. Perhaps it is the fatigue of 2020, or simply the end of the year, but markets lack a certain ‘zest’ ahead of Christ
Precious Metals Price Analysis: Gold and Silver to Extend Climb Higher 2020-12-21 01:00:00 Daniel Moss, Analyst
Gold, Silver, Precious Metals, XAG/USD, XAU/USD – Talking Points:
Gold prices eyeing a push to test Descending Channel resistance.
Silver poised to extend recent climb as prices carve out a Bull Flag continuation pattern. Advertisement
As mentioned in previous reports, gold and silver prices look set to the extend their respective rebounds higher as bullish technical setups begin to take shape across multiple timeframes. Here are the key levels to watch for both precious metals.
Gold Price Daily Chart – Eyeing Descending Channel Resistance
Euro Technical Analysis: EUR/USD, EUR/JPY, EUR/GBP Levels to Watch 2020-12-18 06:00:00 Daniel Moss, Analyst
Euro Technical Analysis, EUR/USD, EUR/JPY, EUR/GBP, IGCS – Talking Points:
EUR/USD to extend climb higher after breaching Bull Flag resistance.
EUR/JPY eyeing a push to fresh yearly highs as prices consolidate in a Bull Flag continuation pattern.
EUR/GBP coiling up in Symmetrical Triangle. Is a topside break on the cards? Advertisement
The Euro looks poised to gain ground against the US Dollar, Japanese Yen and British Pound in the near term. Here are the key technical levels to watch for EUR/USD, EUR/JPY and EUR/GBP rates.