Tag Archives: Share Trading

The Euro is stuck in a choppy consolidation range capped near 1.17 against the US Dollar but the dominant downtrend still looks to be firmly intact.

U.S. stocks continue to hold their ground and better despite some reasons not to; S&P 500 & Dow trends remain bullish until proven otherwise.

The Dollar’s range is starting to represent one of the longest periods of indecision for the currency in four years. A break is inevitable but the question is ‘how soon’ and whether it will neatly fit the head-and-shoulders.

The Dow is pulling back from fresh seven-month highs, and prices have begun a test of a short-term support zone as reports around Chinese tariffs have started to circulate.

The breakout lower in AUD/USD struggled, next week may determine if it will continue. Meanwhile a bearish reversal pattern with support break warns EUR/AUD may reverse to August lows.