Tag Archives: FTSE

The US Dollar is struggling to keep its gains against the Singapore Dollar while USD/IDR and USD/MYR add momentum to their ascent. Meanwhile USD/PHP is facing reversal pressures.

Yesterday, the FTSE sank into a confluence of support and put together a minor reversal; it’s a big area looking out over the long-term.

Gold continues to be difficult in a trading range, crude oil at risk of further weakness after hitting resistance, DAX and S&P 500 both trying to reverse off support levels.

The Australian Dollar is stalling at support above the 0.70 figure against its US namesake but the broader price trend continues to look decidedly bearish.

It’s been a brutal day in US equities and the Dow is now down 4.3% over the past week. But this comes after a 12% bump in Q3, begging the question: Are bulls done?

The Elliott Wave chart pattern for USDJPY shows a completed zigzag from March 2018 to October 2018 hinting to a correction below 110.