AUD/USD Technical Analysis: Aussie Upswing May Be Opening to Sell
The Australian Dollar is back at trend resistance following a bounce from 20-month lows against its US namesake. Downtrend resumption may be next.
The Australian Dollar is back at trend resistance following a bounce from 20-month lows against its US namesake. Downtrend resumption may be next.
Last week, the DAX broke an important long-term trend-line, but it didn’t usher in more selling; there is another level to keep an eye on before the break can gain more meaning.
The Japanese Yen is gaining ground once more against the US Dollar, to the point where USD/JPY is now very close to what could be key support
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias.
The combination of current sentiment and recent changes gives us a bearish Bitcoin trading bias.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.
The Dow Jones Indutrial Average is now trading at fresh six-month highs after a vigorous return of bullish price action following last week’s support test.
Despite cutting Yellen off early in favor of Jerome Powell, Donald Trump offered up his unfavorable opinion of the Fed’s head days before Jay is set to speak at Jackson Hole leaving USD bulls nervous.